Franklin Tomorrow, Inc.
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Franklin Tomorrow, Inc. IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $320,513.00 | $217,320.00 | |
| Total Expenses | $268,382.00 | $202,777.00 | |
| Revenue Less Expenses | ($-0.00) | $52,131.00 | $14,543.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $43,611.00 | $46,358.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $27.00 | $217.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $185,523.00 | $143,032.00 | |
| Revenue In-Kind | $12,000.00 | $2,352.00 | |
| Other | $79,352.00 | $25,361.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $176,744.00 | $176,906.00 | |
| Administration Expense | $15,794.00 | $21,183.00 | |
| Fundraising Expense | $75,844.00 | $4,688.00 | |
| Total Revenue/Total Expenses | 119% | 107% | |
| Program Expense/Total Expenses | 66% | 87% | |
| Fundraising Expense/Contributed Revenue | 28% | 2% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Fundraising Events $185,523.00 | Fundraising Events $143,032.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Other Revenue $79,352.00 | Contributions, Gifts, and Grants $46,358.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $43,611.00 | Other Revenue $25,361.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $193,342.00 | $204,432.00 | |
| Current Assets | $192,538.00 | $203,066.00 | |
| Long-Term Liabilities | $0.00 | $25,147.00 | |
| Current Liabilities | $2,794.00 | $40,868.00 | |
| Total Net Assets | $190,548.00 | $138,417.00 |
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?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Form 990s
Audit Documents
| Financial Review Letter | 2018 |
| Financial Review Letter | 2017 |
CEO/Executive Director/Board Comments
| We have had a delay in completion of our Form 990 this year due to staffing issues with our provider. We received an extension from the IRS for filing and are working on completing that. We also have had one extension of our charitable solicitation permit through September, but are trying to renew one more time prior to the 990 being completed. |
Foundation Staff Comments
| Financial data taken from organization's Form 990s. Form 990 compiled by Patterson Hardee & Ballentine PC. Comments provided by Hayley Sulfridge 9/9/22. |
