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Nonprofit · EIN 31-1719226

FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION

Tax-exempt · FARMINGTON, ME 04938

Financials

$626K$492K2023$667K$414K2024$553K$710K2025
Revenue Expenses · by fiscal year end
Financials of FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$552,767$709,861-$157,094$4,033,349$0$4,033,349
December 31, 2024990-PF$667,168$414,012$253,156$4,182,943$0$4,182,943
December 31, 2023990-PF$625,626$491,730$133,896$3,929,337$0$3,929,337
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$402,800
Interest
$149,967

Expenses

Grants and similar amounts paid
$705,108
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$706,508
Excise tax on investment income
$2,065

Balance sheet and other

Total assets, start of year
$4,182,943
Total assets, end of year
$4,033,349
Total liabilities, end of year
$0
Net assets, end of year
$4,033,349
Fair market value of assets
$4,033,349
Qualifying distributions
$706,508
Net investment income
$149,967

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Bradford S Adley
198 Front Street, Farmington, ME 04938
Director1$0
Robert L Berry III
198 Front Street, Farmington, ME 04938
Director1$0
James L Eastlack
198 Front Street, Farmington, ME 04938
Director1$0
Richard H Smith
198 Front Street, Farmington, ME 04938
Director1$0
James M Witt IV
198 Front Street, Farmington, ME 04938
Director1$0
Katherine W Yardley
198 Front Street, Farmington, ME 04938
Director1$0
Peter L Judkins
198 Front Street, Farmington, ME 04938
Chairperson1$0
Timothy J Thompson
198 Front Street, Farmington, ME 04938
President1$0
Pamala J Dixon
198 Front Street, Farmington, ME 04938
Treasurer and Secretary1$0
Dylan Smith
198 Front Street, Farmington, ME 04938
Assistant Treasurer1$0
990-PF for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
Bradford S Adley
198 Front Street, Farmington, ME 04938
Director1$0
Robert L Berry III
198 Front Street, Farmington, ME 04938
Director1$0
James L Eastlack
198 Front Street, Farmington, ME 04938
Director1$0
Richard H Smith
198 Front Street, Farmington, ME 04938
Director1$0
James M Witt IV
198 Front Street, Farmington, ME 04938
Director1$0
Katherine W Yardley
198 Front Street, Farmington, ME 04938
Director1$0
Peter L Judkins
198 Front Street, Farmington, ME 04938
Chairperson1$0
Timothy J Thompson
198 Front Street, Farmington, ME 04938
President1$0
Pamala J Dixon
198 Front Street, Farmington, ME 04938
Treasurer and Secretary1$0
Dylan Smith
198 Front Street, Farmington, ME 04938
Assistant Treasurer1$0
990-PF for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Bradford S Adley
198 Front Street, Farmington, ME 04938
Director1$0
Robert L Berry III
198 Front Street, Farmington, ME 04938
Director1$0
James L Eastlack
198 Front Street, Farmington, ME 04938
Director1$0
Richard H Smith
198 Front Street, Farmington, ME 04938
Director1$0
James M Witt IV
198 Front Street, Farmington, ME 04938
Director1$0
Katherine W Yardley
198 Front Street, Farmington, ME 04938
Director (start June 2023)1$0
Peter L Judkins
198 Front Street, Farmington, ME 04938
Chairperson1$0
Timothy J Thompson
198 Front Street, Farmington, ME 04938
President1$0
Pamala J Dixon
198 Front Street, Farmington, ME 04938
Treasurer and Secretary1$0
Dylan Smith
198 Front Street, Farmington, ME 04938
Assistant Treasurer1$0

Address and contacts

Address (IRS master file)
PO BOX 825, FARMINGTON, ME 04938-0825
In care of
% FRANKLIN SAVINGS BANK
Signed the 990-PF
Pamala Dixon, Senior VP & CFO
Phone
(207) 778-3339
Return prepared by
Baker Newman Noyes

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
31-1719226
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2000
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$4,033,349
Income (IRS master file)
$552,767

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$552,767$709,861$4,033,349XML
990-PFDecember 2024$667,168$414,012$4,182,943IRS
990-PFDecember 2023$625,626$491,730$3,929,337XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––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 31-1719226).

Questions about FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION

What is the EIN of FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION?
The employer identification number (EIN) of FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION is 31-1719226.
Is FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does FRANKLIN SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $552,767, expenses of $709,861 and total assets of $4,033,349 at year end.

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