Franklin Center For Innovation Inc
- Assets
- $19.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-2628215
Organization Overview
Franklin Center For Innovation Inc is located in Frankfort, KY. The organization was established in 2020. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Center For Innovation 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, Franklin Center For Innovation Inc generated $129.9k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $129.6k during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE A MAKERSPACE, WHICH IS A COLLABORATIVE WORK SPACE FOR MAKING, LEARNING, EXPLORING AND SHARING THAT USES HIGH TECH TO NO TECH TOOLS. THIS SPACE IS OPEN TO KIDS, ADULTS, ADN ENTREPRENEURS AND HAVE A VARIETY OF MAKER EQUIPMENT INCLUDING 3D PRINTERS, CNC MACHINES, SOLDERING IRONS, ETC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Stratton President | 10 | $0 | |
Kelley Anderson Secretary | 5 | $0 | |
Jamie Rue Treasurer | 10 | $870 | |
Michael Culp Community Ou | 5 | $0 | |
Malek Shamsid-Deen Communicatio | 2 | $0 | |
Jason Allen Executive Di | 40 | $26,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,774 |
| Total Program Service Revenue | $10,169 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,943 |
| 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 | $28,384 |
| Occupancy, rent, utilities, and maintenance | $56,506 |
| Printing, publications, postage, and shipping | $333 |
| Other expenses | $44,377 |
| Total expenses | $129,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,828 |
| Other assets | $0 |
| Total assets | $19,152 |
| Total liabilities | $7,737 |
| Net assets or fund balances | $11,415 |