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.
54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 8.8 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
−$2K
-0.04% of total assets
Looks good: liabilities are -0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+12% vs prior year
Spent
$808K
To programs
54%
Net assets
$3.7M
By yearFY2020–FY2025
Revenue
$1.0M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$217K
FY2021$725K
FY2022$914K
FY2024$1.0M
FY2025$886K
Expenses
$808K
FY2024▲ +309%
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$216K
FY2022$198K
FY2024$808K
FY2025$879K
Net assets
$3.7M
FY2024▲ +170%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 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

54 cents of each dollar spent went to programs.

Program services 54% · $433K Management & general 46% · $375K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $433K · in their own filed words · FY2024
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.

$433Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$823K
Gifts and grantsLn 1h$184K
Other incomeLn 4–11$18K
Money outPt IX
$808K
Ln 25
Programscol B$433K
Managementcol C$375K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$590K
Total assetsLn 16$3.7M
LiabilitiesLn 26−$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$184K
Fees for servicesLn 2g$823K
Investment incomeLn 3$18
Other incomeLn 4–11$18K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$301K
SavingsLn 2$288K
Cash and savings togetherLn 1–2$590K
InvestmentsLn 11–13$1.8M
Other assetsLn 15$1.3M
Total assetsLn 16$3.7M
LiabilitiesLn 26−$2K
Net assetsLn 32$3.7M
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 FY24End FY24
Cash and savingsLn 1–2$2.9M$590K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$2.9M$3.7M
LiabilitiesLn 26$0−$2K
Net assetsLn 32$2.9M$3.7M
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$140K$140K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$32K$32K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$4K$4K
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$8K$8K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$584K$209K$375K
All other expensesLn 24e$0
Total functional expensesLn 25$808K$433K$375K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $886K$879K$7K$3.6M 990 PDF
FY2024 Viewing $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 $217K$211K$6K$218K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,025,111 revenue, 12 lines filed
I-8 Contributions and grants$184,150
I-9 Program service revenue$823,305
I-10 Investment income$18
I-11 Other revenue$17,638
I-12 Total revenue$1,025,111
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$183,355
I-16a Professional fundraising fees$0
I-17 Other expenses$624,418
I-18 Total expenses$807,773
I-19 Revenue less expenses$217,338
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 $1,025,111 across 7 lines filed
VIII-1d Related organizations$125,000
VIII-1f All other contributions, gifts and grants$59,150
VIII-1h Total contributions, gifts and grants$184,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $823,305$823,305
VIII-3 Investment incomeExcluded from tax $18$18
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,638$17,638
VIII-12 Total revenueRelated to mission $840,943 · Excluded from tax $18$1,025,111
Part IX · Statement of functional expenses $807,773 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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $139,579$139,579
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $32,305$32,305
IX-10 Payroll taxesPrograms $11,471$11,471
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $3,600$3,600
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,357$1,357
IX-12 Advertising and promotionPrograms $12,857$12,857
IX-13 Office expensesPrograms $4,489$4,489
IX-14 Information technologyPrograms $1,137$1,137
IX-15 Royalties$0
IX-16 OccupancyPrograms $7,918$7,918
IX-17 TravelPrograms $2,349$2,349
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,615$2,615
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $4,353$4,353
IX-24 Other expenses (24a–d)Programs $208,743 · Management $375,000$583,743
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $432,773 · Management $375,000 · Fundraising $0$807,773
Part X · Balance sheet $3,654,143 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $391,062$301,485
X-2 Savings and temporary cash investmentsStart of year $2,492,869$288,315
X-12 Other securities$1,757,081
X-15 Other assets$1,307,262
X-16 Total assetsStart of year $2,885,489$3,654,143
X-17 Accounts payable and accrued expenses−$1,558
X-26 Total liabilitiesStart of year $0−$1,558
X-27 Net assets without donor restrictionsStart of year $2,885,489$3,655,701
X-32 Total net assets or fund balancesStart of year $2,885,489$3,655,701
X-33 Total liabilities and net assetsStart of year $2,885,489$3,654,143
Part XI · Reconciliation of net assets $3,655,701 net assets at year end
XI-1 Total revenue$1,025,111
XI-2 Total expenses$807,773
XI-3 Revenue less expenses$217,338
XI-4 Net assets at start of year$2,885,489
XI-8 Prior period adjustments$552,874
XI-10 Net assets at end of year$3,655,701

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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