Franklinton Center Inc
- Assets
- $1.8m
- Revenue
- $608.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Whitakers, NC
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 56-1511991
Organization Overview
Franklinton Center Inc is located in Whitakers, NC. The organization was established in 2015. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Franklinton Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklinton Center Inc 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 12/2022, Franklinton Center Inc generated $608.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $550.3k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORKING ON SOCIAL JUSTICE ISSUES AFFECTING LOW INCOME COMMUNITIES. IN KEEPING WITH ITS HISTORY, THE ORGANIZATION SUPPORTED RESIDENTS IN THE LOCAL RURAL COMMUNITY THROUGH ACTIVITIES THAT ENHANCE THE VIABILITY & SUSTAINABILITY OF FAMILIES, FARMERS & ORG. TO OVER 14,000 VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FCAB HOSTS & PROVIDES ACTIVITIES THAT SUPPORT LOCAL RESIDENT ON TOPICS RELATED TO ACADEMIC ACHIEVEMENT, ECONOMIC DEVELOPMENT, DISASTER RELIEF & FAMILY STRENTHENING. IN RESPONSE TO COVID-19, FCAB ADDRESSED FOOD INSECURITY BY PROVIDING OVER 75 TONS OF FRESH FRUITS, VEGETABLES TO OUR LOCAL COMMUNITY. AS FOOD INSECURITIES PERSIST IN OUR COMMUNITY WE CONTINUE TO FARM THE LAND TO ENSURE THAT WE HELP UNDERGIRD THE EFFORTS OF FOOD SECURITY. FCAB PARTNERS WITH LOCAL SCHOOLS TO FACILITATE AND HOST OCCUPATIONAL COURSE OF STUDY FOR DEVELOPMENTALLY CHALLENGED HIGH SCHOOL STUDENTS. THE CENTER ENGAGES WITH COMMUNITY STUDENTS AROUND ISSUES OF CONCERN PARTICULARLY AS PART OF A CIVIC ENGAGEMENT AND SOCIAL ACTION COURSE. FRANKLINTON CENTER AT BRICKS PROVIDES INTERNET ACCESS TO THE LOCAL COMMUNITY RESIDENTS.
FCABS BRICKS MUSEUM AND LIBRARY PROJECT PROVIDES STUDENTS AND COMMUNITY RESIDENTS OF THE SURROUNDING AREAS WITH OPPORTUNITIES TO BETTER UNDERSTAND THEIR OWN RICH COMMUNITY RESOURCES, CULTURE AND HISTORY. THE PROJECT DEMONSTRATES HOW THIS KNOWLEDGE PLAYS A VITAL ROLE IN INDIVIDUAL AND COMMUNITY TRANSFORMATION LEADING TO BETTER EDUCATIONAL OUTCOMES, RACIAL UNDERSTANDING, AND COMMUNITY DEVELOPMENT. THE PROJECT PROVIDES TOURS, STORYTELLING, WORKSHOPS, BOOKS, VIDEOS, EXHIBITS, AND CULTURAL EDUCATION CLASSES AND EVENTS.BRICKS HEALTHY LIFESTYLES PROJECT PROVIDES HEALTH AND RECREATIONAL ACTIVITIES TO THE LOCAL COMMUNITY. THE PROJECT OFFERS EXERCISE CLASSES, AEROBIC DANCE CLASSES, AND HIKING AND WALKING TRAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elivette Mendez-Angulo Interim Director | Officer | 40 | $80,000 |
Susan Perry-Cole Treasurer | OfficerTrustee | 2 | $0 |
Henry T Simmons Chair | OfficerTrustee | 2 | $0 |
Denise Perry Vice Chair | OfficerTrustee | 1 | $0 |
Gregory Clinton Director | Trustee | 3 | $0 |
Arlane Gordon-Bray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,336 |
| Total Program Service Revenue | $334,330 |
| Investment income | $680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,000 |
| Pension plan accruals and contributions | $20,300 |
| Other employee benefits | $27,520 |
| Payroll taxes | $11,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,103 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,159 |
| Advertising and promotion | $2,502 |
| Office expenses | $13,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,703 |
| Insurance | $55,038 |
| All other expenses | $22,945 |
| Total functional expenses | $550,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,127 |
| Savings and temporary cash investments | $71,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,365,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,836,066 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $15,773 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,773 |
| Net assets without donor restrictions | $1,820,293 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,836,066 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franklinton Center Inc has recieved totaling $10,040.
| Awarding Organization | Amount |
|---|---|
The Praxis Project Inc Oakland, CA PURPOSE: MUTUAL AID, RESOURCE, & CAPACITY FUND GRANT | $10,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Atlantic Broadband Communities Corporation South Boston, VA | $87,739,365 | $16,699,414 |
Rural Economic Development Center Inc Raleigh, NC | $223,566,149 | $11,378,133 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |
Appalachian Community Action & Development Agency Inc Gate City, VA | $1,460,417 | $1,629,556 |
W A M Y Community Action Inc Boone, NC | $1,852,412 | $1,596,975 |
Small Business Access Partners Inc Gainesville, GA | $5,230,470 | $1,254,670 |
The Living River Restoration Trust Norfolk, VA | $5,847,476 | $301,151 |
Jubilee House Community Monroe, NC | $1,379,747 | $749,051 |
Franklinton Center Inc Whitakers, NC | $1,836,066 | $608,317 |
Working Landscapes Warrenton, NC | $1,101,275 | $924,937 |
Upper Cumberland Entrepreneurial Foundation Cookeville, TN | $445,074 | $494,857 |
Appalachian Independence Center Inc Abingdon, VA | $418,208 | $461,593 |