Greater Franklin Development Council

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GFDCs mission is to attract and assist businesses and entrepreneurs by advocating, promoting, and collaborating to support a sustainable and thriving community.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0524770) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 8 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $291K a year · 39% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
7.7 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
7.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
−$2K
-0.04% of total assets
Liabilities are -0.04% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$886K
-14% vs prior year
Spent
$879K
To programs
100%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$886K
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$217K
FY2021$725K
FY2022$914K
FY2024$1.0M
FY2025$886K
Expenses
$879K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$216K
FY2022$198K
FY2024$808K
FY2025$879K
Net assets
$3.6M
FY2025▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$218K
FY2021$648K
FY2022$1.4M
FY2024$3.7M
FY2025$3.6M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $879K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Charlie Woodworth’s $92K as Executive Director is at the 67th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Charlie Woodworth$92,500$77,500$90,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Greater Franklin Development Council executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Attracts and assists businesses and entrepreneurs to build a thriving community.

Questions for Greater Franklin Development Council

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Your first name shows with your question. Greater Franklin Development Council answers here, for everyone.

1 program · $879K · in their own filed words · FY2025
01

GFDC was established by a group of local business people to strengthen economic development in the greater Franklin county area. Our goal is to create and retain quality employment opportunities by attracting new businesses, assisting local employers, and encouraging entrepreneurship.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0524770) · Dispute this line
$879Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$886K
Ln 12
Other incomeLn 4–11$528K
Gifts and grantsLn 1h$207K
Fees for servicesLn 2g$150K
Money outPt IX
$879K
Ln 25
Programscol B$879K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$567K
Total assetsLn 16$3.6M
LiabilitiesLn 26−$2K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Government grantsLn 1e$141K
Fees for servicesLn 2g$150K
Investment incomeLn 3$1K
Other incomeLn 4–11$528K
Total revenueLn 12$886K
Assets in detailPt X, end of year
CashLn 1$300K
SavingsLn 2$266K
Cash and savings togetherLn 1–2$567K
InvestmentsLn 11–13$1.8M
Other assetsLn 15$1.3M
Total assetsLn 16$3.6M
LiabilitiesLn 26−$2K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$590K$567K
InvestmentsLn 11–13$1.8M$1.8M
Total assetsLn 16$3.7M$3.6M
LiabilitiesLn 26−$2K−$2K
Net assetsLn 32$3.7M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$158K$158K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$35K$35K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$100$100
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$6K$6K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$0
OccupancyLn 16$16K$16K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$630K$630K
All other expensesLn 24e$703$703
Total functional expensesLn 25$879K$879K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 17, 2026 $886K$879K$7K$3.6M 990 PDF
FY2024Filed with the IRS Nov 13, 2025 $1.0M$808K$217K$3.7M 990 PDF
FY2023 Not on file
FY2022Filed with the IRS Nov 15, 2023 $914K$198K$717K$1.4M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $725K$216K$509K$648K 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $217K$211K$6K$218K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $886,095 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $184,150$206,742
I-9 Program service revenuePrior year $823,305$149,986
I-10 Investment incomePrior year $18$1,353
I-11 Other revenuePrior year $17,638$528,014
I-12 Total revenuePrior year $1,025,111$886,095
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $183,355$206,040
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $624,418$673,349
I-18 Total expensesPrior year $807,773$879,389
I-19 Revenue less expensesPrior year $217,338$6,706
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $886,095 across 8 lines filed
Lines not itemized here account for $500,003 of total revenue; see the IRS return.
VIII-1e Government grants$141,000
VIII-1f All other contributions, gifts and grants$65,742
VIII-1h Total contributions, gifts and grants$206,742
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $149,986$149,986
VIII-3 Investment incomeExcluded from tax $1,353$1,353
VIII-6 Net rental income or loss$1,800
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26,211$26,211
VIII-12 Total revenueRelated to mission $676,200 · Excluded from tax $1,353$886,095
Part IX · Statement of functional expenses $879,389 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $158,074$158,074
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $35,121$35,121
IX-10 Payroll taxesPrograms $12,845$12,845
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $100$100
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,259$1,259
IX-12 Advertising and promotionPrograms $7,533$7,533
IX-13 Office expensesPrograms $5,920$5,920
IX-14 Information technologyPrograms $2,609$2,609
IX-15 Royalties$0
IX-16 OccupancyPrograms $16,195$16,195
IX-17 TravelPrograms $1,866$1,866
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,747$1,747
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $5,086$5,086
IX-24 Other expenses (24a–d)Programs $630,331$630,331
IX-24e All other expensesPrograms $703$703
IX-25 Total functional expensesPrograms $879,389 · Management $0 · Fundraising $0$879,389
Part X · Balance sheet $3,630,850 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $301,485$300,072
X-2 Savings and temporary cash investmentsStart of year $288,315$266,435
X-12 Other securitiesStart of year $1,757,081$1,757,081
X-15 Other assetsStart of year $1,307,262$1,307,262
X-16 Total assetsStart of year $3,654,143$3,630,850
X-17 Accounts payable and accrued expensesStart of year −$1,558−$1,558
X-26 Total liabilitiesStart of year −$1,558−$1,558
X-27 Net assets without donor restrictionsStart of year $3,655,701$3,632,408
X-32 Total net assets or fund balancesStart of year $3,655,701$3,632,408
X-33 Total liabilities and net assetsStart of year $3,654,143$3,630,850
Part XI · Reconciliation of net assets $3,632,408 net assets at year end
XI-1 Total revenue$886,095
XI-2 Total expenses$879,389
XI-3 Revenue less expenses$6,706
XI-4 Net assets at start of year$3,655,701
XI-8 Prior period adjustments−$29,999
XI-10 Net assets at end of year$3,632,408

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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