Overview
What is Greater Franklin Development Council?
Greater Franklin Development Council (GFDC) is a community-driven nonprofit organization situated in Farmington, Maine. Established by local business leaders, its primary objective is to bolster economic growth and development in the broader Franklin county area. The council achieves this by attracting new businesses, offering assistance to existing employers, and encouraging entrepreneurship. In line with its mission, GFDC advocates, promotes, and collaborates with various stakeholders to establish a sustainable and prosperous community. Ultimately, its vision is to elevate the standard of living in Western Maine by fostering an economy teeming with opportunities. With a small team of two dedicated individuals, GFDC continues to make significant contributions to the region.
Is Greater Franklin Development Council legitimate?
Greater Franklin Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Franklin Development Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $92,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,489
For more financial information, click here
Mission Statement of Greater Franklin Development Council
Greater Franklin Development Council, abbreviated as GFDC, is a nonprofit organization dedicated to promoting economic growth and development in the greater Franklin county area. Its mission is threefold: to attract businesses, assist entrepreneurs, and advocate for a sustainable and thriving community. By doing so, GFDC aims to enhance the quality of life in the region, providing opportunities for its residents. The council was established by a group of local businesspeople, who recognized the need to strengthen the economic development in their area. Their goal is to create and retain quality employment opportunities, attracting new businesses, supporting local employers, and encouraging entrepreneurship. By pursuing this mission, GFDC seeks to contribute to a vibrant economy where opportunities abound in Western Maine.
Impact
This information is meant to be a general summary of Greater Franklin Development Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Greater Franklin Development Council's impact on the community of Farmington and the greater Franklin County area is significant. By advocating, promoting, and collaborating to support a sustainable and thriving community, the GFDC plays a key role in strengthening economic development in the region. Its goal of creating and retaining quality employment opportunities by attracting new businesses, assisting local employers, and encouraging entrepreneurship directly contributes to the growth and prosperity of the area.
Through its efforts, the GFDC not only influences the business landscape but also aims to enhance the overall quality of life in Western Maine. By fostering a vibrant economy where opportunities abound, the council contributes to a positive environment where individuals can thrive both personally and professionally.
Overall, the Greater Franklin Development Council's impact on the community improvement of Farmington and the surrounding area is instrumental in shaping a better future for residents and businesses alike.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVOICES AGAINST RESTRICTED
Revenue
$18,000
Organization Details
Founding Year
1998
Principal Officer
Derek Hayes
Main Address
PO Box 107, Farmington, ME, 04938
NTEE Category
Code: S30 - Community improvement
If you are a representative of Greater Franklin Development Council and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.