Overview
What is Franklin Development Corporation?
The Franklin Development Corporation, based in Franklin, Indiana, serves as a nonprofit organization with a primary focus on community betterment, primarily achieved through economic development. They carry out this mission by providing grants to both new and established businesses, aiming to rehabilitate the downtown area of Franklin and encourage investment within the city. This initiative contributes to the overall improvement of the community.
Is Franklin Development Corporation legitimate?
Franklin Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Development Corporation 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.
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What is the mission statement of Franklin Development Corporation?
The Franklin Development Corporation's mission is primarily focused on community enhancement, primarily achieved through economic development. This organization aims to improve the community by providing grants to both new and established businesses. These grants are utilized to revitalize the downtown area of the respective city, encouraging investment and growth within the community. The corporation's activities are geared towards fostering a thriving economic environment that ultimately contributes to the overall well-being of the community.
Who is the CEO of Franklin Development Corporation?
Kim Kasting is the President of Franklin Development Corporation.
What is the revenue of Franklin Development Corporation?
Franklin Development Corporation's revenue in 2022 was $157,781.
Who are the executives of Franklin Development Corporation and what are their salaries?
There 13 volunteers at Franklin Development Corporation.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Franklin Development Corporation?
Franklin Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin Development Corporation
The Franklin Development Corporation, a community-focused organization, is primarily dedicated to bettering communities primarily through economic development. Its mission is multifaceted, with a primary focus on providing financial assistance to both new and established businesses. This support is geared towards rehabilitating downtown areas and encouraging investment within the city, ultimately contributing to the overall improvement and growth of the community.
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Impact
October, 2024
Franklin Development Corporation plays a crucial role in enhancing the economic vitality and overall well-being of Franklin, Indiana. By focusing on community betterment primarily through economic development, the organization provides valuable grants to both new and existing businesses. This financial support enables these enterprises to rehabilitate downtown Franklin, fostering a vibrant local economy.
The corporation's efforts encourage investment in the city, leading to a revitalized downtown area that attracts visitors and promotes local commerce. Through its initiatives, Franklin Development Corporation not only stimulates economic growth but also improves the quality of life for residents, making Franklin a more appealing place to live and work.
This information is meant to be a general summary of Franklin Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $68,697
- Program Service Revenue: $15,472
- Gross Receipts: $296,073
Assets and Liabilities:
- Total Assets: $2,037,375
- Total Liabilities: $0
- Net Assets: $2,037,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMS INTEREST INCO
Revenue
$13,974
PROGRAM INTEREST CD'S
Revenue
$1,498
Organization Details
Founding Year
2009
Phone
(317) 736-3631Principal Officer
Kim Kasting
Main Address
70 EAST MONROE ST, FRANKLIN, IN, 46131
NTEE Category
Code: S20 - Community improvement
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