Nonprofit · EIN 92-3227020
FRANKLIN FELLOWS
Tax-exempt · FRANKLIN, TN 37069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $184,179 | $180,472 | $3,707 | $94,633 | $31,925 | $62,708 |
| December 31, 2024 | 990 | $178,492 | $151,356 | $27,136 | $96,976 | $37,975 | $59,001 |
| December 31, 2023 | 990-EZ | $42,822 | $10,957 | $31,865 | $32,115 | $250 | $31,865 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $109,578
- Program service revenue
- $68,250
- Investment income
- $0
- Net income from fundraising events
- $6,351
- Other revenue
- $6,351
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $111,375
- Salaries, compensation and benefits (total)
- $119,895
- Professional fundraising fees
- $0
- Program services (functional)
- $180,472
Balance sheet and other
- Total assets, start of year
- $96,976
- Total assets, end of year
- $94,633
- Total liabilities, end of year
- $31,925
- Net assets, end of year
- $62,708
- Net assets without donor restrictions
- $62,708
- Gross unrelated business income
- $6,351
- Gross receipts
- $184,179
- Employees
- 1
- Volunteers
- 9
- Year formed
- 2023
- State of legal domicile
- TN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Musgrove | Executive Director Key employee | 40 | $111,375 |
| Rusty Faulks | President Trustee or director | 6 | $0 |
| Phillip Myers | Board Member Trustee or director | 2 | $0 |
| Debbie Florey | Board Member Trustee or director | 6 | $0 |
| Morgan MacEldowney | Board Member Trustee or director | 2 | $0 |
| Chris Ude | Board Member Trustee or director | 2 | $0 |
| Lee Porter | Board Member Trustee or director | 2 | $0 |
| Jim Clark | Board member Trustee or director | 2 | $0 |
| Jon Reynolds | Treasurer Officer | 6 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Musgrove | Executive Director Officer, Key employee, Highest-paid employee | 40 | $93,333 |
| Rusty Faulks | President Officer | 6 | $0 |
| Jon Reynolds | Treasurer Officer | 6 | $0 |
| Phillip Myers | Board Member Officer | 2 | $0 |
| Debbie Florey | Board Member Officer | 4 | $0 |
| Morgan MacEldowney | Board Member Officer | 2 | $0 |
| Jeff Lawrence | Board Member Officer | 2 | $0 |
| Lindy Lawrence | Board Member Officer | 2 | $0 |
| Chris Ude | Board Member Officer | 2 | $0 |
| Lee Porter | Board Member Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Musgrove | Executive Director | 20 | $8,333 |
| Rusty Faulks | President | 2 | $0 |
| Jon Reynolds | Treasurer | 2 | $0 |
| Abby Carver | Secretary | 2 | $0 |
| Debbie Florey | Board Member | 2 | $0 |
| Morgan MacEldowney | Board Member | 2 | $0 |
| Jeff Lawrence | Board Member | 2 | $0 |
| Lindy Lawrence | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1215 HILLSBORO RD, FRANKLIN, TN 37069-4642
- Principal officer (990 for 2025)
- Jon Reynolds, 2711 McLemore Way, Franklin, TN 37064
- Signed the 990
- Jon Reynolds, Treasurer
- Phone
- (615) 429-8228
- Website
- https://franklinfellows.com
Mission
The Franklin Fellows Program exists to help young professionals explore their vocational calling, grow holistically as leaders, and build meaningful careers that promote thriving and flourishing in their community.
Program accomplishments
- Through 9 months of work, study, community, and service, we develop participants personally, professionally, and spiritually while growing their imaginations for how God uses their everyday work to bring about goodness and blessing to the city.Expenses $180,472 · revenue $184,179
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-3227020
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O55)
- Assets (IRS master file)
- $94,633
- Income (IRS master file)
- $184,179
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $184,179 | $180,472 | $94,633 | XML |
| 990 | December 2024 | $178,492 | $151,356 | $96,976 | XML |
| 990-EZ | December 2023 | $42,822 | $10,957 | $32,115 | 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 92-3227020).
Questions about FRANKLIN FELLOWS
- What is the EIN of FRANKLIN FELLOWS?
- The employer identification number (EIN) of FRANKLIN FELLOWS is 92-3227020.
- Is FRANKLIN FELLOWS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FRANKLIN FELLOWS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN FELLOWS 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 FELLOWS 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 FELLOWS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRANKLIN FELLOWS?
- The 990 for the year ended December 31, 2025 names Jon Reynolds.
- Who are the officers and directors of FRANKLIN FELLOWS?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $111,375 (Chris Musgrove, Executive Director).
- How much revenue does FRANKLIN FELLOWS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $184,179, expenses of $180,472 and total assets of $94,633 at year end.
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