Nonprofit · EIN 26-3993888
FRANKLIN DEVELOPMENT CORPORATION
Tax-exempt · FRANKLIN, IN 46131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $76,801 | $259,472 | -$182,671 | $1,710,760 | $70,762 | $1,639,998 |
| December 31, 2023 | 990 | -$43,297 | $179,764 | -$223,061 | $1,814,314 | $0 | $1,814,314 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $42,795
- Investment income
- $0
- Net rental income
- $32,956
- Other revenue
- $34,006
Expenses
- Grants and similar amounts paid
- $228,548
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,409
- Accounting fees
- $16,000
- Program services (functional)
- $228,560
- Management and general (functional)
- $30,912
Balance sheet and other
- Total assets, start of year
- $1,826,869
- Total assets, end of year
- $1,710,760
- Total liabilities, end of year
- $70,762
- Net assets, end of year
- $1,639,998
- Land, buildings and equipment
- $265,841
- Net assets without donor restrictions
- $899,951
- Net assets with donor restrictions
- $740,047
- Gross receipts
- $88,585
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2009
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BEDWELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TINA JOBE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LISA JONES | TREASURER Trustee or director, Officer | 1.5 | $0 |
| AMANDA OTT | DIRECTOR Trustee or director | 1 | $0 |
| AMY RICHARDSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| DUSTIN ROYER | DIRECTOR Trustee or director | 1 | $0 |
| AMY HAACKER | DIRECTOR Trustee or director | 1 | $0 |
| DREW EGGERS | DIRECTOR Trustee or director | 1 | $0 |
| KRISTA LINKE | DIRECTOR Trustee or director | 1 | $0 |
| DANA MONSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BEDWELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TINA GROSS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LISA JONES | TREASURER Trustee or director, Officer | 1.5 | $0 |
| AMANDA OTT | DIRECTOR Trustee or director | 1 | $0 |
| AMY RICHARDSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| DUSTIN ROYER | DIRECTOR Trustee or director | 1 | $0 |
| AMY HAACKER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 70 E MONROE ST, FRANKLIN, IN 46131-2358
- In care of
- % KRISTA LINKE
- Principal officer (990 for 2024)
- LISA JONES, 70 EAST MONROE ST, FRANKLIN, IN 46131
- Signed the 990
- LISA JONES, TREASURER
- Phone
- (317) 736-3631
- Return prepared by
- AGRESTA STORMS & O'LEARY PC
Mission
THE MISSION OF THE FRANKLIN DEVELOPMENT CORPORATION IS COMMUNITY BETTERMENT PRIMARILY THROUGH ECONOMIC DEVELOPMENT.
Program accomplishments
- PROVIDE GRANTS TO NEW AND EXISTING BUSINESSES TO REHABILITATE DOWNTOWN FRANKLIN AND ENCOURAGE INVESTMENT IN THE CITY OF FRANKLIN.Expenses $12
- PROVIDE DOLLAR FOR DOLLAR MATCHING GRANTS TO COMMERCIAL PROPERTY OWNERS IN A SELECTED AREA OF DOWNTOWN FRANKLIN TO RENOVATE BUILDINGS AND INCREASE THE STREET APPEAL.Expenses $131,239 · grants $131,239
- PROVIDE LOW INTEREST RATE LOANS TO RESIDENTIAL OR COMMERCIAL PROPERTY OWNERS TO ENCOURAGE AND AID IN THE REHABILITATION/RENOVATION OF HISTORIC AND/OR UNDERUTILIZED HOMES AND BUILDINGS LOCATED WITHIN THE INTEGRATED ECONOMIC DEVELOPMENT AREA OF THE HISTORIC FRANKLIN. PORTIONS OF THE RESIDENTIAL LOANS MAY ALSO BE FORGIVEN IN THE FORM OF A GRANT.Expenses $97,309 · grants $97,309 · revenue $43,845
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3993888
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,710,760
- Income (IRS master file)
- $88,585
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $76,801 | $259,472 | $1,710,760 | XML |
| 990 | December 2023 | -$43,297 | $179,764 | $1,814,314 | XML |
| 990 | December 2022 | $157,781 | $245,355 | $2,037,375 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3993888).
Questions about FRANKLIN DEVELOPMENT CORPORATION
- What is the EIN of FRANKLIN DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FRANKLIN DEVELOPMENT CORPORATION is 26-3993888.
- Is FRANKLIN DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to FRANKLIN DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRANKLIN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names LISA JONES.
- Who are the officers and directors of FRANKLIN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does FRANKLIN DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $76,801, expenses of $259,472 and total assets of $1,710,760 at year end.
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- RELIGIOUS RECONSTRUCTION ORGANIZATION INC EIN 87-2646363 · last filed 990-PF for 2024
- INDIANA CHAPTER INTL ASSN OF SPECIAL INVESTIGATION UNITS EIN 35-1964431 · last filed 990-N for 2025
- IMH REALTY CORPORATION EIN 36-4513246 · last filed 990 for 2024
- JOHNSON COUNTY RURAL ELEC MEM CORP EIN 35-0424700 · last filed 990 for 2025
- FRANKLIN COLLEGE OF INDIANA EIN 35-0868086 · last filed 990 for 2025
- FRANKLIN UNITED METHODIST HOME INC EIN 35-0988712 · last filed 990 for 2024
All nonprofits in FRANKLIN · Indiana · Community improvement and capacity building