Franklin Savings Bank Community Development Foundation
- Assets
- $3.5m
- Revenue
- $556.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, ME
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 31-1719226
Organization Overview
Franklin Savings Bank Community Development Foundation is located in Farmington, ME. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Savings Bank Community Development Foundation 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 12/2021, Franklin Savings Bank Community Development Foundation generated $556.6k in total revenue. All expenses for the organization totaled $162.1k during the year ending 12/2021.
Since 2020, Franklin Savings Bank Community Development Foundation has awarded 199 individual grants totaling $756,570. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradford S Adley Director | 1 | $0 | |
Robert L Berry III Director | 1 | $0 | |
James M Witt IV Director | 1 | $0 | |
Richard H Smith Director | 1 | $0 | |
Peter L Judkins Chairperson | 1 | $0 | |
Shelley W Deane Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,210 |
| Interest on Savings | $53,397 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $556,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,203 |
| Contributions, gifts, grants paid | $158,900 |
| Total expenses and disbursements | $162,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,470,566 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,470,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Franklin Savings Bank Community Development Foundation has awarded $158,900 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Farmington, ME PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
HIGH PEAKS ALLIANCE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
SOMERSET CAREER & TECHNICAL CENTER PURPOSE: GENERAL OPERATING SUPPORT | $8,000 |
Skowhegan, ME PURPOSE: GENERAL OPERATING SUPPORT | $7,250 |
Rangeley, ME PURPOSE: RANGELEY HEALTH CENTER | $6,200 |
MT BLUE HIGH SCHOOL PURPOSE: GENERAL SUPPORT AND SCHOLARSHIPS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |