Franklin Tomorrow Inc
- Assets
- $193.3k
- Revenue
- $320.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Franklin, TN
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 62-1821869
Organization Overview
Franklin Tomorrow Inc is located in Franklin, TN. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Franklin Tomorrow Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Tomorrow Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Franklin Tomorrow Inc generated $320.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $268.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ENGAGE THE COMMUNITY, FOSTER COLLABORATION AND AVOCATE FOR A SHARED VISION FOR THE FUTURE OF FRANKLIN, TENNESSEE. THAT SHARED VISION INCLUDES A VIBRANT ECONOMY, GREAT PEOPLE, DISTINCT CHARACTER, AND ROBUST NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAKFAST WITH THE MAYORS IS TO ENCOURAGE COMMUNICATION BETWEEN OUR GOVERNMENT AND OUR BUSINESS COMMUNITY. GET FIT WITH FRANKLIN IS A DISTANCE WALKING PROJECT DESIGNED TO ENCOURAGE RESIDENTS TO TAKE THE FIRST STEPS TO A HEALTHIER, MORE ACTIVE COMMUNITY BY STEPPING OUT THEIR FRONT DOOR. FRANK TALKS IS A MONTHLY COMMUNITY LECTURE SERIES THAT PROVIDES AN OPPORTUNITY FOR FRANKLIN RESIDENTS TO LEARN, ENGAGE IN IMPORTANT TOPICS AND DISCUSSIONS THAT FOSTER COLLABORATION TO HELP SHAPE OUR COMMUNITY. VOLUNTEER AWARDS CEREMONY IS TO HONOR THE DECADES OF SERVICE AND TREMENDOUS IMPACT OF OUR VOLUNTEERS IN OUR COMMUNITY. ON THE TABLE IS A WEEKLONG SERIES OF COMMUNITY DISCUSSIONS TO BRING PEOPLE TOGETHER TO TALK ABOUT WHAT IS GOOD IN OUR COMMUNITY AND HOW BEING ENGAGED CAN MAKE IT BETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Tate Executive Di | Trustee | 40 | $69,972 |
Patrick Baggett Vice Preside | Officer | 1 | $0 |
Mary Lee Bennett Vice Preside | Officer | 1 | $0 |
Russ Haynes Treasurer | Officer | 1 | $0 |
Chris Henson Secretary | Officer | 1 | $0 |
Patty Bearden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,504 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,611 |
| Noncash contributions included in lines 1a–1f | $12,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,115 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,532 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,433 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $74,053 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,791 |
| Office expenses | $5,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $562 |
| Insurance | $2,777 |
| All other expenses | $2,037 |
| Total functional expenses | $268,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,244 |
| Savings and temporary cash investments | $99,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,806 |
| Net Land, buildings, and equipment | $804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,342 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,794 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,794 |
| Net assets without donor restrictions | $190,548 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $193,342 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Franklin Tomorrow Inc has recieved totaling $11,087.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO PROVIDE BIG PAYBACK 2021 GIVING DAY PAYMENT. | $5,034 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
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