Overview
What is Franklin Heritage Inc?
Franklin Heritage Inc, with the Doing Business As name of FHI, is a nonprofit organization located at 48 E Madison St, Franklin, IN 46131. Their primary mission is to foster interest in the historical residential and commercial properties within Johnson County, Indiana. They achieve this goal by promoting and encouraging awareness of these significant buildings, contributing to the preservation and appreciation of their local heritage. With a dedicated team of 16 employees, Franklin Heritage Inc serves as a champion for the historical properties that shape the identity of their community.
Official website here: www.franklinheritage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Franklin Heritage Inc. has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its financial practices and overall accountability. The organization scored only 37% overall, with specific shortcomings in its financial transparency, as evidenced by the absence of financial statements and a missing tax form on its website.
Despite these financial issues, Franklin Heritage Inc. demonstrates strengths in governance, with 100% of its board members being independent. The organization has established policies in place for conflict of interest and whistleblower protections, which are positive indicators of its commitment to ethical practices. However, the lack of proper documentation, such as a document retention policy and financial statements, raises red flags about its operational transparency.
In terms of financial health, the organization has a relatively low program expense ratio of 35.59%, suggesting that a significant portion of its resources may not be directed towards its programmatic activities. The liabilities to assets ratio of 19.70% also reflects potential financial vulnerabilities. Overall, while there are strong governance measures in place, Franklin Heritage Inc. must address its financial transparency and operational practices to improve its rating and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Heritage Inc legitimate?
Franklin Heritage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Heritage Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $60,876
Professional Fundraising Fees: $0
Other Salaries and Wages: $328,001
For more financial information, click here
Official website here: www.franklinheritage.org
What is the mission statement of Franklin Heritage Inc?
Franklin Heritage Inc's mission is centered around fostering interest in historical residential and commercial properties. Their primary objective is to encourage public engagement with these properties, located in Johnson County, Indiana. The organization aims to promote an appreciation for the rich history and heritage of Franklin and the surrounding area, encompassing homes, buildings, and properties. By doing so, Franklin Heritage Inc aims to preserve and celebrate the area's past for future generations. They may also organize events, provide resources, or offer educational programs to further their mission.
Official website here: www.franklinheritage.org
Who is the CEO of Franklin Heritage Inc?
Robert L Shilts is the Executive Di of Franklin Heritage Inc.
Official website here: www.franklinheritage.org
What is the revenue of Franklin Heritage Inc?
Franklin Heritage Inc's revenue in 2022 was $1,300,040.
Official website here: www.franklinheritage.org
Who are the executives of Franklin Heritage Inc and what are their salaries?
The average compensation at Franklin Heritage Inc during 2022 was $24,305. There are 16 employees at Franklin Heritage Inc.
Here are 13 key members and their salaries:
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Official website here: www.franklinheritage.org
Where can I find the form 990 for Franklin Heritage Inc?
Franklin Heritage Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklinheritage.org
Learn more at the official website: www.franklinheritage.org
Mission Statement of Franklin Heritage Inc
Franklin Heritage Inc, a nonprofit organization, is dedicated to fostering and stimulating curiosity in historic residential and commercial real property situated in Johnson County, Indiana. The primary mission of this organization is to encourage and promote interest in the homes, buildings, and properties that contribute to the rich history and heritage of Franklin and the surrounding area. By doing so, Franklin Heritage Inc aims to preserve and celebrate the past, ensuring that future generations can appreciate and learn from the region's historical significance.
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Impact
October, 2024
Franklin Heritage Inc plays a significant role in fostering appreciation and interest in the historic residential and commercial properties of Johnson County, Indiana. By promoting the rich history and cultural heritage of Franklin and its surroundings, the organization enhances community identity and pride. This focus on preservation not only protects the architectural integrity of the area but also encourages economic revitalization through heritage tourism. Through its initiatives, Franklin Heritage Inc inspires residents and visitors alike to engage with the stories and histories tied to these properties, contributing to a deeper understanding and appreciation of the local culture. The organization serves as a vital resource for educating the community about the importance of historical preservation, ultimately enriching the overall quality of life in the region.
This information is meant to be a general summary of Franklin Heritage Inc. 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: $46
- Program Service Revenue: $348,443
- Gross Receipts: $1,312,969
Assets and Liabilities:
- Total Assets: $1,507,291
- Total Liabilities: $297,084
- Net Assets: $1,210,207
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$348,443
Organization Details
Founding Year
1983
Phone
(317) 736-6823Principal Officer
Robert L Shilts
Main Address
48 E MADISON ST, FRANKLIN, IN, 46131
Website
www.franklinheritage.orgNTEE Category
Code: A80 - Arts
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