Fiscal Year
01/01/2023
12/31/2023
$1,556,500.00
$1,228,377.00
Organizational Budgets and Other Documents
| Projected Budget 2023 | 2023 |
| Projected Budget for 2022 | 2022 |
| 2021 Budget | 2021 |
| FOFP Budget Overview | 2020 |
| 2019 Budget | 2019 |
| Sales and Use Tax Certification IRS Letter of Determination | 2019 |
| 2018 Budget | 2018 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $702,345.00 | $1,121,918.00 | $312,003.00 |
| Total Expenses | $412,422.00 | $214,212.00 | $116,590.00 |
| Revenue Less Expenses | $289,923.00 | $907,706.00 | $195,413.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $317,210.00 | $850,046.00 | $158,320.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $33,325.00 | $48,937.00 | $18,883.00 |
| Investment Income, Net of Losses | $11,097.00 | $3,823.00 | $1,896.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $340,713.00 | $206,822.00 | $132,904.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $12,290.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $269,262.00 | $107,800.00 | $37,493.00 |
| Administration Expense | $101,204.00 | $73,165.00 | $55,629.00 |
| Fundraising Expense | $41,956.00 | $33,247.00 | $23,468.00 |
| Total Revenue/Total Expenses | 170% | 524% | 268% |
| Program Expense/Total Expenses | 65% | 50% | 32% |
| Fundraising Expense/Contributed Revenue | 10% | 16% | 20% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Fundraising Events $340,713.00 | Contributions, Gifts, and Grants $850,046.00 | Contributions, Gifts and Grants $158,320.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $317,210.00 | Fundraising Events $206,822.00 | Fundraising Events $132,904.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $33,325.00 | Program Revenue $48,937.00 | Program Revenue $18,883.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,945,248.00 | $1,658,869.00 | $763,461.00 |
| Current Assets | $1,945,248.00 | $1,649,671.00 | $752,711.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $2,851.00 | $6,395.00 | $18,693.00 |
| Total Net Assets | $1,942,397.00 | $1,652,474.00 | $744,768.00 |
Endowment Info
No
Capital Campaign Info
Yes
Yes
$1,500,000.00
Franklin's first inclusive park will be named in memory of Elliot Grace Castro, known as Ellie G, who passed away at the age of 4 in September 2019. She was born with a very rare terminal form of dwarfism called Rhizometic Chondrodysplasia Punctata (RCDP). During her short life, she proved to be an example of courage, strength, and joy to all who had the privilege to know her or know of her.
Ellie G's Dreamworld will let children and adults of all abilities play together! This playground will feature inclusive swings, a music area, double zip line with inclusive seats, and bathrooms with built in changing tables able to accommodate larger children, teens, or adults and will be housed within the new Southeast Municipal Complex located on Carothers Parkway.
The inclusive playground is estimated to cost the city of Franklin $3M, and Friends of Franklin Parks has committed to help raise $1.5M. Friends of Franklin Parks has currently have raised over $869,000 but still need your help to reach our goal!
February 2022
December 2023
January
2024
$869,632.00
Solicitation Permit Info
Yes
June
2024
Form 990s
| 2022 990 | 2022 |
| FOFP Form 990 | 2021 |
| FOFP 2020 990 | 2020 |
| FOFP 2019 990 | 2019 |
| Form 990 | 2018 |
| Form 990 | 2017 |
| Form 990 | 2016 |
Audit Documents
| FOFP Audit Report | 2022 |
| FOFP Audit Report | 2021 |
Foundation Staff Comments
| Financial figures taken from the Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Bellenfant PLLC. Comments provided by Hayley Sulfridge 10/9/23. |
