Greater Franklin Development Council FY2020 filing

Tax-deductible

Farmington, ME501(c)(3)Community DevelopmentEIN 01-0524770Revenue $217K in FY2020

On file with the IRSPo Box 107, 04938-0107 · Farmington, METax-exempt since Mar 2000Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
Spent
$211K
To programs
100%
Net assets
$218K
By yearFY2020–FY2025
Revenue
$217K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$217K
FY2021$725K
FY2022$914K
FY2024$1.0M
FY2025$886K
Expenses
$211K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$216K
FY2022$198K
FY2024$808K
FY2025$879K
Net assets
$218K
FY2020
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 FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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% · $211K

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

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Who runs it and what they're paid

11 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Excutive Director
$90,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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 →

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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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Provided by the organization

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1 program · $211K · in their own filed words · FY2020
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.

$211Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$217K
Ln 12
Gifts and grantsLn 1h$194K
Other incomeLn 4–11$21K
Fees for servicesLn 2g$1K
Money outPt IX
$211K
Ln 25
Programscol B$211K
Owns and owesPt X
$218K
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$218K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$194K
Fees for servicesLn 2g$1K
Investment incomeLn 3$30
Other incomeLn 4–11$21K
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$218K
Cash and savings togetherLn 1–2$218K
Total assetsLn 16$218K
LiabilitiesLn 26$0
Net assetsLn 32$218K
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 FY20End FY20
Cash and savingsLn 1–2$211K$218K
Total assetsLn 16$521K$218K
LiabilitiesLn 26$0$0
Net assetsLn 32$521K$218K
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 current officers, directors and key staffLn 5$90K$90K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$44K$44K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$25K$25K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$17K$17K
TravelLn 17$4K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$359$359
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$21K$21K
All other expensesLn 24e$869$869
Total functional expensesLn 25$211K$211K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $886K$879K$7K$3.6M 990 PDF
FY2024 $1.0M$808K$217K$3.7M 990 PDF
FY2023 Not on file
FY2022 $914K$198K$717K$1.4M 990 PDF
FY2021 $725K$216K$509K$648K 990 PDF
FY2020 Viewing $217K$211K$6K$218K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $216,865 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,750$194,498
I-9 Program service revenuePrior year $69,250$1,481
I-10 Investment incomePrior year −$31,170$30
I-11 Other revenuePrior year $15,180$20,856
I-12 Total revenuePrior year $170,010$216,865
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $139,773$158,607
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $114,756$52,263
I-18 Total expensesPrior year $254,529$210,870
I-19 Revenue less expensesPrior year −$84,519$5,995
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $216,865 across 7 lines filed
Lines not itemized here account for $5,000 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$194,498
VIII-1h Total contributions, gifts and grants$194,498
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,481$1,481
VIII-3 Investment incomeExcluded from tax $30$30
VIII-6 Net rental income or loss$675
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,181$15,181
VIII-12 Total revenueRelated to mission $21,662 · Excluded from tax $30$216,865
Part IX · Statement of functional expenses $210,870 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 current officers, directors and key staffPrograms $90,000$90,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $44,000$44,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $24,607$24,607
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,339$1,339
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,504$1,504
IX-13 Office expensesPrograms $3,201$3,201
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $16,748$16,748
IX-17 TravelPrograms $3,698$3,698
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $359$359
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $3,375$3,375
IX-24 Other expenses (24a–d)Programs $21,170$21,170
IX-24e All other expensesPrograms $869$869
IX-25 Total functional expensesPrograms $210,870 · Management $0 · Fundraising $0$210,870
Part X · Balance sheet $218,322 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $210,769$218,322
X-16 Total assetsStart of year $521,487$218,322
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $521,487$216,841
X-28 Net assets with donor restrictions$1,481
X-32 Total net assets or fund balancesStart of year $521,487$218,322
X-33 Total liabilities and net assetsStart of year $521,487$218,322
Part XI · Reconciliation of net assets $218,322 net assets at year end
XI-1 Total revenue$216,865
XI-2 Total expenses$210,870
XI-3 Revenue less expenses$5,995
XI-4 Net assets at start of year$521,487
XI-8 Prior period adjustments−$309,160
XI-10 Net assets at end of year$218,322

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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