Totals
- Total revenue
- $178,492
- Total expenses
- $151,356
- Contributions and grants received
- $134,207
- Grants paid
- $0
- Program service revenue
- $37,725
- Investment income
- $0
- Other revenue
- $6,560
- Total assets, end of year
- $96,976
- Total liabilities, end of year
- $37,975
- Net assets or fund balances, end of year
- $59,001
- Program services expenses (Part IX)
- $151,356
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $151,356
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$6,560
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$127,647
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Tuition for the 9-month program
total $37,725 · related or exempt $37,725 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$6,560
-
8a · Fundraising events: contributions included on line 1c
$6,560
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $6,560 · unrelated business $6,560 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $93,333 · program services $93,333
-
6 · Compensation of disqualified persons
total $0 · program services $0
-
7 · Other salaries and wages
total $0 · program services $0
-
8 · Pension plan contributions
total $0 · program services $0
-
9 · Other employee benefits
total $0 · program services $0
-
10 · Payroll taxes
total $9,140 · program services $9,140
-
11a · Fees: management
total $0 · program services $0
-
11b · Fees: legal
total $0 · program services $0
-
11c · Fees: accounting
total $0 · program services $0
-
11d · Fees: lobbying
total $0 · program services $0
-
11f · Fees: investment management
total $0 · program services $0
-
11g · Fees: other
total $5,519 · program services $5,519
-
12 · Advertising and promotion
total $3,585 · program services $3,585
-
19 · Conferences, conventions and meetings
total $20,083 · program services $20,083
-
24a · Other expenses: Relocation costs for executive director
total $4,995 · program services $4,995 · management and general $0 · fundraising $0
-
24b · Other expenses: Program Meals
total $3,186 · program services $3,186 · management and general $0 · fundraising $0
-
24c · Other expenses: Fundraising Event costs
total $2,528 · program services $2,528 · management and general $0 · fundraising $0
-
24d · Other expenses: TFI Fellows Annual Dues
total $2,200 · program services $2,200 · management and general $0 · fundraising $0
-
24e · All other expenses
total $6,787 · program services $6,787
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,115 · end of year $82,591
-
4 · Accounts receivable
end of year $14,385
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $250 · end of year $37,975
-
27 · Net assets without donor restrictions
beginning of year $31,865 · end of year $59,001
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
The Franklin Fellows Program exists to help young professionals explore their vocational calling, grow holistically as leaders, and build meaningful careers that promote thriving and flourishing in their community.
-
Through 9 months of work, study, community, and service, we develop participants personally, professionally, and spiritually while growing their imaginations for how God uses their everyday work to bring about goodness and blessing to the city.
Expenses $151,356 · Revenue $178,492
As filed on the 2024 return.
Listed in Part VII
-
Chris Musgrove
Executive Director
- Total calculated
- $93,333
- From this org
- $93,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Rusty Faulks
President
- Total calculated
- $0
- Hours/week
- 6
-
Jon Reynolds
Treasurer
- Total calculated
- $0
- Hours/week
- 6
-
Phillip Myers
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Debbie Florey
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Morgan MacEldowney
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jeff Lawrence
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lindy Lawrence
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Chris Ude
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lee Porter
Board Member
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 February 2025
- IRS schema version
- 2024v5.0
- Source object
- 202540699349300204
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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