Franklin Pool Inc
- Assets
- $60.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 05/1972
- Data as of
- 12/2023
- EIN
- 56-0989416
Organization Overview
Franklin Pool Inc is located in Salisbury, NC. The organization was established in 1972. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Pool Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Franklin Pool Inc generated $50.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $49.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
USE OF CLUB FACILITIES BY MEMBERSHIP
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwen Thomason President | 4 | $0 | |
Carl Yow Treasurer | 4 | $0 | |
Kim Sides Secretary | 4 | $0 | |
Gwen Eagle Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,988 |
| Membership dues | $30,649 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,637 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,131 |
| Professional fees and other payments to independent contractors | $1,065 |
| Occupancy, rent, utilities, and maintenance | $22,727 |
| Printing, publications, postage, and shipping | $2,720 |
| Other expenses | $7,158 |
| Total expenses | $49,801 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,053 |
| Other assets | $0 |
| Total assets | $60,420 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,420 |