Battle of Franklin Trust
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1345 Eastern Flank Circle
Franklin, TN 37064
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2024

Fiscal Year End

06/30/2025

Projected Revenue

$1,711,500.00

Projected Expenses

$1,902,000.00

Organizational Budgets and Other Documents

FY25 Budget for BOFT 2025
Battle of Franklin Trust Budget 2023
Battle of Franklin Trust Budget 2022
Battle of Franklin Trust Budget -COVID adjusted 2021
Battle of Franklin Trust Budget 2020
Battle of Franklin Trust Budget 2019
Battle of Franklin Trust Budget 2018
Battle of Franklin Trust Budget Overview 2017

IRS Letter of Exemption

Battle of Franklin Trust IRS Letter of Determination 2015

Detailed Financials

Revenue and Expenses
Fiscal Year202320222021
Total Revenue $2,664,822.00$2,394,985.00$1,661,638.00
Total Expenses $1,900,855.00$1,881,900.00$1,306,023.00
Revenue Less Expenses $763,967.00$513,085.00$355,615.00

Revenue Sources
Fiscal Year202320222021
Foundation and Corporation Contributions $0.00$0.00$0.00
Government - Federal $0.00$0.00$0.00
Government - State $0.00$0.00$0.00
Government - Local $0.00$0.00$0.00
Government - Unspecified $0.00$139,400.00$131,700.00
Contributions, Gifts, and Grants $408,505.00$441,318.00$454,764.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $1,566,493.00$1,537,759.00$1,014,098.00
Investment Income, Net of Losses $26,785.00$84,415.00$37,665.00
Membership Dues $0.00$0.00$0.00
Special Events $0.00$34,333.00$8,261.00
Revenue In-Kind $582,900.00$66,159.00$9,517.00
Other $80,139.00$91,667.00$5,633.00

Expense Allocation
Fiscal Year202320222021
Program Expense $1,612,307.00$1,543,742.00$1,038,694.00
Administration Expense $91,171.00$123,341.00$113,758.00
Fundraising Expense $197,377.00$214,817.00$153,571.00
Total Revenue/Total Expenses 140%127%127%
Program Expense/Total Expenses 85%82%80%
Fundraising Expense/Contributed Revenue 10%11%12%

Top Funding Sources
Fiscal Year202320222021
Top Funding Source & Dollar Amount Program Revenue
$1,566,493.00
Program Revenue
$1,537,759.00
Program Revenue
$1,014,098.00
Second Highest Funding Source & Dollar Amount Noncash Contributions
$582,900.00
Contributions, Gifts, and Grants
$441,318.00
Contributions, Gifts, and Grants
$454,764.00
Third Highest Funding Source & Dollar Amount Contributions, Gifts, & Grants
$408,505.00
Government Grants
$139,400.00
Government Grants
$131,700.00

Assets and Liabilities
Fiscal Year202320222021
Total Assets $8,144,539.00$7,284,567.00$7,482,314.00
Current Assets $1,112,134.00$1,152,557.00$1,422,523.00
Long-Term Liabilities $0.00$0.00$139,400.00
Current Liabilities $41,751.00$77,942.00$103,495.00
Total Net Assets $8,102,788.00$7,206,625.00$7,239,419.00

Endowment Info

Do you have an endowment?

No

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Do you anticipate a campaign in the next 5 years?

Yes

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

December

Permit Expiration Year

2024

Form 990s

BOFT 6-30-23 Form 990 Disclosure Copy 2023
Battle of Franklin Trust 2022 990 2022
Battle of Franklin Trust 2021 990 2021
Battle of Franklin Trust 2020 990 2020
Battle of Franklin Trust 2019 990 2019
Battle of Franklin Trust 2018 990 2018
Battle of Franklin Trust 2017 990 2017
Battle of Franklin Trust 2016 990 2016
Battle of Franklin Trust 990 2015 2015
BOFT 990 2014 2014
Battle of Franklin Trust 2013 990 2013
Battle of Franklin Trust 2012 990 2012
Battle of Franklin Trust 2011 990 2011
Battle of Franklin Trust 2010 Form 990 2010

Audit Documents

The Battle of Franklin Trust Inc. 6-30-23 Issued Financials 2023
Battle of Frankin Trust Audit 2022 2022
Battle of Franklin Trust Audit 2021 2021
Battle fo Franklin Trust Audit 2020 2020
Battle of Franklin Trust Audit 2019 2019
Battle of Franklin Trust Audit 2019 2019
Battle of Franklin Trust Audit 2018 2018
Battle of Franklin Trust Audit 2017 2017
Battle of Franklin Trust Audit 2016 2016
BOFT Audit 2015 2015
BOFT audit 6-30-14 2014
Battle of Franklin Trust 2013 Audit 2013
Battle of Franklin Trust 2012 Audit 2012
Battle of Franklin Trust 2011 Audit 2011
Battle of Franklin Trust 2010 Audit 2010

CEO/Executive Director/Board Comments


The income and expense budgets include operations of Carter House, Carnton, and Rippavilla which are historic sites managed by The Battle of Franklin Trust.

Foundation Staff Comments


Financial figures are taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. 990 was prepared by H.A Beasley and Company, PLLC. Comments by Hayley Sulfridge 8/18/24.