Franklin County Community

Organization Overview

Franklin County Community is located in Greenfield, MA. The organization was established in 1979. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Franklin County Community employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County Community is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Franklin County Community generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 9.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WESTERN MASSACHUSETTS FOOD PROCESSING CENTER'S MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP, PROVIDE OPPORTUNITIES FOR SUSTAINING LOCAL AGRICULTURE, AND PROMOTE BEST PRACTICES FOR FOOD PRODUCERS. THE FOOD PROCESSING CENTER (FPC) IS A NATIONAL MODEL. IT OFFERS A FULLY EQUIPPED COMMERCIAL KITCHEN FOR MEMBER USE, CO-PACKING CAPABILITIES AND HAS BEEN FOCUSING ON HELPING FARMERS AND OTHER CLIENTS ADD VALUE TO LOCAL FOOD, INCLUDING A VEGETABLE FREEZING OPERATION THAT PUTS LOCALLY PRODUCED PRODUCT IN LOCAL SCHOOLS. FOR THE YEAR ENDED JUNE 30, 2021, A TOTAL OF 60 BUSINESSES USED THE FACILITY. SINCE THE FPC OPENED IN 2001, OVER 500 FARMS AND FOOD BUSINESSES HAVE USED IT, PRODUCING HUNDREDS OF PRODUCTS, CREATING MILLIONS OF DOLLARS OF SALES, ADDING VALUE TO HUNDREDS OF THOUSANDS OF POUNDS OF REGIONALLY GROWN CROPS AND CREATING OVER 100 JOBS. INCLUDED IN PART VIII, STATEMENT OF REVENUE LINES 1E AND 1F WERE $287,059 OF GRANTS FOR THIS PROGRAM, OF WHICH $44,725 WAS PAID TO SUBRECIPIENTS.


THE LENDING PROGRAM AT THE FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION RAISES CAPITAL FROM BOTH PUBLIC AND PRIVATE SOURCES TO PROVIDE FINANCING FOR BUSINESSES, START-UPS AND EXPANSIONS. FOR THE YEAR ENDED JUNE 30, 2021, 24 LOANS WERE MADE FOR AN AGGREGATE AMOUNT OF $1.4 MILLION. AS OF JUNE 30, 2021, THE ORGANIZATION WAS SERVICING 127 LOANS WITH AN OUTSTANDING BALANCE OF APPROXIMATELY $4.4 MILLION, WITH A DELINQUENCY RATE ABOUT 2.5%. THIS PROGRAM HAS SUPPORTED HUNDREDS OF SMALL BUSINESSES AND ENTREPRENEURS THAT HAVE IN TURN CREATED WELL OVER 1,500 JOBS AND LEVERAGES MILLIONS OF DOLLARS OF ADDITIONAL PRIVATE CAPITAL INVESTMENT. INCLUDED IN PART VIII, STATEMENT OF REVENUE LINES 1E AND 1F WERE $1,114,321 OF GRANTS FOR THIS PROGRAM OF WHICH $171,605 WAS PAID TO SUBRECIPIENTS.


THE BUSINESS DEVELOPMENT PROGRAM CONSISTS OF ASSISTANCE TO BUSINESS OWNERS WITH BUSINESS PLANNING, STRUCTURING AN ORGANIZATION, CREATING A BUSINESS PLAN, SETTING GOALS, MARKETING, OPERATIONAL CONTROLS, AND CREATING A FINANCIAL PLAN. THIS PROGRAM HAS EXPANDED ITS REACH TO NOW INCLUDE HAMPSHIRE AND NORTHERN BERKSHIRE COUNTIES. HUNDEREDS OF CLIENTS WERE SUPPORTED THIS PAST YEAR, WITH 184 OF THEM RECEIVING MORE THAN FIVE HOURS OF ASSISTANCE. INCLUDED IN PART VIII, STATEMENT OF REVENUE LINES 1E AND 1F WERE $597,106 OF GRANTS FOR THIS PROGRAM, OF WHICH $324,442 WAS PAID TO SUBRECIPIENTS.


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Board, Officers & Key Employees

Name (title)Compensation
John F Waite
Executive Director
$107,307
Aj Bresciano
Treasurer
$0
Claire Chang
Vice President
$0
Andrea Nathanson
President
$0
Margaret Christie
Clerk
$0
Cheryl Dukes
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,998,486
All other contributions, gifts, grants, and similar amounts not included above$334,198
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,332,684
Total Program Service Revenue$1,295,498
Investment income $3,391
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,631,573

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Franklin County Community has recieved totaling $114,113.

Awarding OrganizationAmount
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$68,000
Community Foundation Of Western Massachusetts

Springfield, MA

PURPOSE: NON CLASSIFIABLE

$33,500
Bete Family Foundation

Greenfield, MA

PURPOSE: TO AID PROGRAMS THAT FEED OUR NEIGHBORS TO PURCHASE FOOD AND PROVIDE OUR REGULAR MEALS.

$12,000
Bermil Foundation Inc

Wilmington, VT

PURPOSE: FRANKLIN COUNTY PEOPLE'S FUND

$500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$113
View Grant Recipient Profile

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