Franklin Place Inc
- Assets
- $335.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 08/1993
- Data as of
- 06/2023
- EIN
- 61-1233199
Organization Overview
Franklin Place Inc is located in Lexington, KY. The organization was established in 1993. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Place 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 06/2023, Franklin Place Inc generated $120.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $156.3k during the year ending 06/2023. While expenses have increased by 3.9% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OPERATION OF A 13-UNIT APARTMENT PROJECT IN FRANKFORT, KY TO HOUSE LOW INCOME INDIVIDUALS WITH MENTAL HEALTH/INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Berger Board Director | 0.5 | $0 | |
Karen Ward Board Vice Chair | 0.5 | $0 | |
Jock Conley Board Director | 0.5 | $0 | |
Harold Mckinney Board Chair | 0.5 | $0 | |
Dee Werline Secretary/treasurer | 0.5 | $0 | |
Mary June Brunker Board Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $120,122 |
| Membership dues | $0 |
| Investment income | $613 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,735 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,348 |
| Occupancy, rent, utilities, and maintenance | $82,173 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68,803 |
| Total expenses | $156,324 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,869 |
| Other assets | $0 |
| Total assets | $335,332 |
| Total liabilities | $753,487 |
| Net assets or fund balances | -$418,155 |