Charles L Franklin Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 316151484 ✦ Chillicothe, OH ✦ Designated as a 501(c)(3)

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Overview

What is Charles L Franklin Trust?

The Charles L Franklin Trust is a philanthropic entity that focuses on making charitable distributions. It primarily disburses funds to recognized charitable organizations listed within its trust. The primary objective of the Trust is to distribute its net income to these beneficiary charities. This charitable activity aligns with the Trust's mission of providing financial support to worthy causes, thereby contributing positively to the communities and individuals they serve.

Is Charles L Franklin Trust legitimate?

Charles L Franklin Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles L Franklin Trust 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: $14,378
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Charles L Franklin Trust?

The Charles L Franklin Trust's mission is centered around charitable distributions. Specifically, it distributes its net income to beneficiaries, who are identified charitable organizations, as listed in the trust. This trust operates with the primary goal of providing financial aid to these charitable organizations. The trust's mission is to contribute to the causes and initiatives these organizations are involved in, thereby extending its reach and impact beyond its own scope.

Who is the CEO of Charles L Franklin Trust?

Robert C Hess is the Trustee of Charles L Franklin Trust.

What is the revenue of Charles L Franklin Trust?

Charles L Franklin Trust's revenue in 2022 was $210,212.

Who are the executives of Charles L Franklin Trust and what are their salaries?


There is 1 key member and their salary:


Robert C Hess (Trustee)
  • Compensation: $14,378
  • Related: $0
  • Other: $0
Where can I find the form 990 for Charles L Franklin Trust?

Charles L Franklin Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Charles L Franklin Trust

The Charles L Franklin Trust is committed to making charitable distributions. Its primary goal is to disperse its net income to beneficiaries who are recognized as charitable organizations. These organizations are specifically named and listed within the trust. By doing so, the Charles L Franklin Trust plays a crucial role in supporting various charitable causes, thereby contributing to the betterment of society as a whole. The trust's mission is to serve as a reliable source of funding for these charitable organizations, enabling them to continue their noble work and make a positive impact in the lives of those they serve.

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Impact




October, 2024

The Charles L. Franklin Trust significantly enhances the financial capacity of various charitable organizations by providing crucial funding through its charitable distributions. By distributing net income to select beneficiaries, it empowers these organizations to further their missions and impact their communities. This financial support facilitates a range of essential services and initiatives, amplifying the efforts of the organizations it supports in Chillicothe, Ohio, and beyond. Through its focus on philanthropy, the Trust plays a vital role in fostering community development and improving the quality of life for individuals served by these charitable entities.




This information is meant to be a general summary of Charles L Franklin Trust. 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.

Revenue
$210,212 (2022)
Expenses
$203,351 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $210,212
  • Gross Receipts: $210,220

Assets and Liabilities:

  • Total Assets: $3,391,737
  • Total Liabilities: $0
  • Net Assets: $3,391,737

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Organization Details

Founding Year

1971

Principal Officer

Robert C Hess

Main Address

14 S PAINT STREET FOULKE BLOCK RM, CHILLICOTHE, OH, 45601

NTEE Category

Code: T00 - Philanthropy

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