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Nonprofit · EIN 83-1053789

FRANKLIN SCHOOL FACILITIES CORPORATION

Tax-exempt · SPARTANBURG, SC 29304

Financials

$127K$502K2022$129K$509K2023$128K$497K2024
Revenue Expenses · by fiscal year end
Financials of FRANKLIN SCHOOL FACILITIES CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$128,436$496,740-$368,304$7,933,893$10,024,558-$2,090,665
June 30, 2024990$128,806$509,133-$380,327$8,302,197$10,024,558-$1,722,361
June 30, 2023990$127,360$502,294-$374,934$8,707,523$10,074,559-$1,367,036
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$127,527
Investment income
$909
Other revenue
$0

Expenses

Grants and similar amounts paid
$25,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$316,243
Program services (functional)
$490,099
Management and general (functional)
$6,641

Balance sheet and other

Total assets, start of year
$8,302,197
Total assets, end of year
$7,933,893
Total liabilities, end of year
$10,024,558
Net assets, end of year
-$2,090,665
Land, buildings and equipment
$7,727,765
Net assets without donor restrictions
-$2,090,665
Gross receipts
$128,436
Employees
0
Year formed
2018
State of legal domicile
SC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
TAMMIE HOY HAWKINSTRUSTEE
Trustee or director
2$0
WILLIAM BARNET IIICHAIRMAN
Trustee or director, Officer
2$0
ED MEMMOTTSECRETARY/TR
Trustee or director, Officer
2$0
CAREY ROTHSCHILDTRUSTEE
Trustee or director
2$0
TIM SCHMITZTRUSTEE
Trustee or director
2$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
TAMMIE HOY HAWKINSTRUSTEE
Trustee or director
2$0
WILLIAM BARNET IIICHAIRMAN
Trustee or director, Officer
2$0
ED MEMMOTTSECRETARY/TR
Trustee or director, Officer
2$0
CAREY ROTHSCHILDTRUSTEE
Trustee or director
2$0
TIM SCHMITZTRUSTEE
Trustee or director
2$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensation
TAMMIE HOY HAWKINSTRUSTEE
Trustee or director
2$0
WILLIAM BARNET IIICHAIRMAN
Trustee or director, Officer
2$0
ED MEMMOTTSECRETARY/TR
Trustee or director, Officer
2$0
CAREY ROTHSCHILDTRUSTEE
Trustee or director
2$0
TIM SCHMITZTRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 3362, SPARTANBURG, SC 29304-3362
In care of
% CHAIR
Principal officer (990 for 2024)
WILLIAM BARNET III, 158 W MAIN ST, SPARTANBURG, SC 29302
Signed the 990
WILLIAM BARNET III, CHAIRMAN
Phone
(864) 598-0097
Return prepared by
ELLIOTT & PAINTER LLP

Mission

TO ASSIST AND SUPPORT NORTHSIDE DEVELOPMENT CORPORATION, A SOUTH CAROLINA NONPROFIT CORPORATION HAVING RECEIVED A DETERMINATION OF EXEMPTION FROM FEDERAL INCOME TAXATION FROM THE INTERNAL REVENUE SERVICE IN ACCORDANCE WITH SECTION 501(C)(3) OF THE CODE ("NDC") IN FURTHERANCE OF ITS EXEMPT PURPOSES BY INTER ALIA, ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, MANAGING, OR GRANTING RIGHTS OF ACCESS, USE OR POSSESSION, OF REAL PROPERTY AND IMPROVEMENTS THEREON IN THE AREA OF THE CITY OF SPARTANBURG, SOUTH CAROLINA (THE "CITY") COMMONLY REFERRED TO AS "NORTHSIDE," INCLUDING BUT NOT LIMITED TO, FACILITIES USED AS EARLY CHILDHOOD EDUCATIONAL FACILITIES. WITHOUT LIMITATION OF THE FOREGOING, THE PURPOSES OF NDC TO BE SUPPORTED BY ACTIVITIES OF THE CORPORATION INCLUDE (I) PURCHASING OR OTHERWISE ACQUIRING, (II) SELLING OR OTHERWISE TRANSFERRING, (III) LEASING, (IV) MANAGING AND/OR DEVELOPING OR REDEVELOPING REAL PROPERTY AND IMPROVEMENTS THEREON WITHIN THE N

990 for the year ended June 30, 2025

Program accomplishments

  • AS A QUALIFIED LOW INCOME COMMUNITY BUSINESS, PURCHASED AND COMPLETED THE CONSTRUCTION OF THE FRANKLIN SCHOOL (THE "SCHOOL"), AN EARLY CHILDHOOD LEARNING FACILITY LOCATED IN THE NORTHSIDE OF THE CITY OF SPARTANBURG, SOUTH CAROLINA. LEASES THE COMPLETED BUILDING AND FURNITURE OF THE SCHOOL TO SPARTANBURG COUNTY FIRST STEPS TO SCHOOL READINESS WHO OPERATES THE SCHOOL.
    Expenses $490,099 · grants $25,000 · revenue $127,527

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
83-1053789
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2019
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$7,933,893
Income (IRS master file)
$128,436

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$128,436$496,740$7,933,893IRS
990June 2024$128,806$509,133$8,302,197IRS
990June 2023$127,360$502,294$8,707,523XML
990June 2022$126,036$511,227$9,064,757IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 83-1053789).

Questions about FRANKLIN SCHOOL FACILITIES CORPORATION

What is the EIN of FRANKLIN SCHOOL FACILITIES CORPORATION?
The employer identification number (EIN) of FRANKLIN SCHOOL FACILITIES CORPORATION is 83-1053789.
Is FRANKLIN SCHOOL FACILITIES CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to FRANKLIN SCHOOL FACILITIES CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FRANKLIN SCHOOL FACILITIES 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 SCHOOL FACILITIES CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRANKLIN SCHOOL FACILITIES CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FRANKLIN SCHOOL FACILITIES CORPORATION?
The 990 for the year ended June 30, 2025 names WILLIAM BARNET III.
Who are the officers and directors of FRANKLIN SCHOOL FACILITIES CORPORATION?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does FRANKLIN SCHOOL FACILITIES CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $128,436, expenses of $496,740 and total assets of $7,933,893 at year end.

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