Overview
What is Franklin School Facilities Corporation?
Franklin School Facilities Corporation is a nonprofit organization based in Spartanburg, South Carolina. Its primary mission is to aid and support Northside Development Corporation, a South Carolina nonprofit with tax-exempt status, in furthering its exempt purposes. These purposes largely revolve around acquiring, developing, selling, leasing, managing, or granting access to real property and improvements within the city of Spartanburg, commonly known as Northside. This includes facilities used for early childhood education. The corporation completed the construction of the Franklin School, an early childhood learning facility in the Northside of Spartanburg, and leases it to Spartanburg County First Steps to School Readiness.
Is Franklin School Facilities Corporation legitimate?
Franklin School Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin School Facilities 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Franklin School Facilities Corporation?
The Franklin School Facilities Corporation's mission is to aid and assist Northside Development Corporation, a South Carolina nonprofit organization, in achieving its exempt purposes. This involves acquiring, developing, selling, donating, contributing, owning, operating, leasing, managing, or granting rights of access, use, or possession of real property and improvements in the area commonly referred to as Northside. The primary focus is on facilities used for early childhood education. The Corporation supports Northside Development Corporation's objectives, such as purchasing, transferring, leasing, managing, and developing real estate, with the aim of furthering its exempt purposes.
Who is the CEO of Franklin School Facilities Corporation?
William Barnet Iii is the Trustee of Franklin School Facilities Corporation.
What is the revenue of Franklin School Facilities Corporation?
Franklin School Facilities Corporation's revenue in 2022 was $126,036.
Who are the executives of Franklin School Facilities Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Franklin School Facilities Corporation?
Franklin School Facilities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin School Facilities Corporation
The Franklin School Facilities Corporation is an organization with a mission to aid and support Northside Development Corporation, a nonprofit entity exempt from federal income taxation under Section 501(C)(3) of the Internal Revenue Code. Its primary objective is to contribute to Northside Development Corporation's exempt purposes by acquiring, developing, selling, donating, contributing, owning, operating, leasing, managing, or granting rights of access, use, or possession of real property and improvements thereon within the city of Spartanburg, commonly known as Northside. This includes facilities used for early childhood educational purposes. The Corporation's activities are not limited to the aforementioned actions, and its support to Northside Development Corporation extends to various purposes, including purchasing, selling, leasing, managing, and developing or redeveloping real property and improvements within the Northside area.
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Impact
October, 2024
Franklin School Facilities Corporation plays a pivotal role in the revitalization and support of the Northside community in Spartanburg, South Carolina. By acquiring, developing, and managing real estate, particularly focused on educational facilities, the Corporation directly contributes to the availability and quality of early childhood education in the area.
A significant achievement of the Corporation is the establishment of the Franklin School, an early childhood learning facility tailored to meet the needs of the Northside community. By leasing the completed building and its furnishings to Spartanburg County First Steps to School Readiness, the Corporation ensures that the facility is utilized effectively, providing essential educational services to local families.
In addition to its focus on education, Franklin School Facilities Corporation enhances community development through various activities such as selling, donating, or leasing properties. This comprehensive approach not only supports the goals of the Northside Development Corporation but also contributes to the overall improvement of the neighborhood, fostering a supportive environment for families and young children. Their work is vital in creating pathways for educational success and community empowerment in Spartanburg.
This information is meant to be a general summary of Franklin School Facilities 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: $31
- Program Service Revenue: $126,005
- Gross Receipts: $126,036
Assets and Liabilities:
- Total Assets: $9,064,757
- Total Liabilities: $10,056,860
- Net Assets: -$992,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$126,005
Organization Details
Founding Year
2018
Phone
(864) 598-0097Principal Officer
William Barnet Iii
Main Address
PO BOX 3362, SPARTANBURG, SC, 29303
NTEE Category
Code: B11 - Education
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