Greater Franklin Development Council in Farmington, Maine (ME)
Table of contents:
| Greater Franklin Development Council | |
| Employer Identification Number (EIN) | 010524770 |
| Name of Organization | Greater Franklin Development Council |
| Address | PO BOX 107, Farmington, ME 04938-0107 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $37,897 |
| Amount of Income | $120,076 |
| Form 990 Revenue Amount | $120,076 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $120,076 (it was $109,132 in 2012)
| Greater Franklin Development Council: | $120,076 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $37,897 (it was $60,338 in 2012)
| Greater Franklin Development Council: | $37,897 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $142,517
| This organization: | $142,517 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $124,274 | $109,132 | $120,076 |
| Contributions, gifts, grants, and similar amounts received | $124,119 | $109,049 | $120,042 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $155 | $83 | $34 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $119,950 | $134,000 | $142,517 |
| Total net assets | $84,353 | $59,485 | $37,044 |
| Excess/Deficit for the year | $4,324 | $-24,868 | $-22,441 |
| Net assets or fund balances at beginning of year | $80,029 | $84,353 | $59,485 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $59,485 | $37,044 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $85,206 | $60,338 | $37,897 |
| Total liabilities | $853 | $853 | $853 |
| Net assets or fund balances | $84,353 | $59,485 | $37,044 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $612,817 |
| Subtotal Support | $612,817 |
| Gifts, grants, contributions, and membership fees received | $612,817 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $614,016 |
| Public Support | $612,817 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,199 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Indian Township Passamaquoddy Development Agency | PO BOX 301, Princeton, ME 04668-0301 | ME | 2014-07 | $336,850 |
| 3 | The Downeast Heritage Museum | 39 Union St, Calais, ME 04619-1819 | ME | 1999-03 | $319,453 |
| 4 | Creative Portland Corporation | 142 High St Ste 201, Portland, ME 04101-5807 | ME | 2010-05 | $236,413 |
| 5 | Foundation For A Strong Maine Economy | 125 Community Drive, Augusta, ME 04330-8156 | ME | 2014-08 | $146,050 |
| 6 | Cei Investment Notes Inc | PO BOX 268 36 WATER ST, Wiscasset, ME 04578 | ME | 2008-09 | $97,944 |
| 7 | Thomas M Teague Biotechnology Center Of Maine Corporation | 19 Lawrence Ave, Fairfield, ME 04937-1220 | ME | 2004-05 | $58,146 |
| 8 | Waterville Development Corporation | 44 Elm Street, Waterville, ME 04901 | ME | 2004-03 | $20,000 |
| 9 | Us Kenya Somalia Cross Border Traders Association | P O Box 7255, Lewiston, ME 04243 | ME | 2014-02 | $7,705 |
| 10 | Greater Portland Economic Development Corporation, Gpedc | 443 Congress Street, Portland, ME 04101-3531 | ME | 2012-01 | $167 |
| 11 | Altrupreneurial Leadership Center Of North America | 32 Route 1, Robbinston, ME 04667 | ME | 2012-02 | $0 |
| 12 | Bowndoinham Community Development Initiative-Bodi | 182 Ridge Rd, Bowdoinham, ME 04008 | ME | 2013-11 | $0 |
| 13 | Brewer Development Corporation | 120 N Main St, Brewer, ME 04412-2012 | ME | 2014-07 | $0 |
| 14 | Bridgton Economic Development Corporation | Po Box 130, Bridgton, ME 04009 | ME | 2011-08 | $0 |
| 15 | Calais Downtown Revitalization Coalition | 195 Main St, Calais, ME 04619 | ME | 2013-11 | $0 |
| 16 | Castine Community Partners Inc | Po Box 32, Castine, ME 04421 | ME | 2012-10 | $0 |
| 17 | Ellsworth Business Development Corporation | 1 City Hall Plz, Ellsworth, ME 04605-1942 | ME | 2014-12 | $0 |
| 18 | Indian Township Development Authority Inc | PO BOX 301, Princeton, ME 04668-0301 | ME | 2005-03 | $0 |
| 19 | Knox Waldo Regional Economic Development Council | 424 Winthrop St, Hallowell, ME 04347-3032 | ME | 2011-04 | $0 |
| 20 | Lake Region Development Council | Po Box 236, Bridgton, ME 04009 | ME | 2002-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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