Franklin Heritage INC

Tax-deductible

Franklin, IN501(c)(3)EIN 31-1109732Revenue $1.3M in FY2024

On file with the IRSfranklinheritage.org48 E Madison St, 46131-2340 · Franklin, INTax-exempt since Jun 1986Publicly supported — 509(a)(2)

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To promote and encourage interest in historic residential and commercial real property in johnson county, indiana.

501(c)(3) charity; gifts are tax-deductible.
32¢ of each $1 spent went to programs.
Run by 14 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $97K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $47K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$210K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-3% vs prior year
Spent
$1.2M
To programs
32%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$823K
FY2021$1.2M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
Expenses
$1.2M
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$718K
FY2021$916K
FY2022$1.1M
FY2023$1.4M
FY2024$1.2M
Net assets
$1.1M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$750K
FY2021$1.0M
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1986.

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

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $387K Management & general 68% · $838K Fundraising 0% · $2K

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

15 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$67,575Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Shilts$67,575$65,107———
Robert L Shilts——$60,876$61,129$57,186

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.

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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 15aNo

Programs and updates

Preserves and promotes interest in historic properties throughout Johnson County, Indiana.

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Provided by the organization

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2 programs · $387K · in their own filed words · FY2024
01

Promotion and encouragement of interest in homes, buildings, properties, history and heritage of franklin and the johnson county indiana area.

$387Kprogram expense
02

Acquisition and resale of sites, structures or artifacts which are of historic, archeological or architectural value in johnson county, indiana.

Pt IX · col B

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 · FY2024
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$584K
Gifts and grantsLn 1h$387K
Other incomeLn 4–11$287K
Money outPt IX
$1.2M
Ln 25
Programscol B$387K
Managementcol C$838K
Fundraisingcol D$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$594K
Total assetsLn 16$1.3M
LiabilitiesLn 26$210K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$387K
Government grantsLn 1e$30K
Fundraising eventsLn 1c$123K
Fees for servicesLn 2g$584K
Investment incomeLn 3$17K
Other incomeLn 4–11$287K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$197K
SavingsLn 2$396K
Cash and savings togetherLn 1–2$594K
Land, buildings, equipmentLn 10c$722K
Total assetsLn 16$1.3M
LiabilitiesLn 26$210K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 514
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$577K$594K
Land, buildings, equipmentLn 10c$730K$722K
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$253K$210K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$68K
Pay of disqualified personsLn 6$50K$50K
Other salaries and wagesLn 7$400K$400K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$41K$41K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$45K$23K$22K
Information technologyLn 14$49K$49K
OccupancyLn 16$86K$66K$19K
TravelLn 17$14K$14K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$52K$2K$50K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$296K$254K$40K$2K
All other expensesLn 24e$22K$9K$12K
Total functional expensesLn 25$1.2M$387K$838K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.2M$48K$1.1M 990 PDF
FY2023 $1.3M$1.4M−$127K$1.1M 990 PDF
FY2022 $1.3M$1.1M$170K$1.2M 990 PDF
FY2021 $1.2M$916K$290K$1.0M 990 PDF
FY2020 $823K$718K$105K$750K 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 FY2024 990 (6 parts)
Part I · Summary $1,275,068 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $362,101$386,899
I-9 Program service revenuePrior year $547,744$583,855
I-10 Investment incomePrior year $2,804$17,238
I-11 Other revenuePrior year $398,400$287,076
I-12 Total revenuePrior year $1,311,049$1,275,068
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $501,757$571,071
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $935,859$655,688
I-18 Total expensesPrior year $1,437,616$1,226,759
I-19 Revenue less expensesPrior year −$126,567$48,309
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,275,068 across 11 lines filed
Lines not itemized here account for $264,080 of total revenue; see the IRS return.
VIII-1b Membership dues$85,950
VIII-1c Fundraising events$122,702
VIII-1e Government grants$30,258
VIII-1f All other contributions, gifts and grants$147,989
VIII-1h Total contributions, gifts and grants$386,899
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $583,855$583,855
VIII-3 Investment incomeExcluded from tax $17,238$17,238
VIII-6 Net rental income or lossExcluded from tax $17,250$17,250
VIII-8 Net income from fundraising eventsExcluded from tax $5,060$5,060
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $686$686
VIII-12 Total revenueRelated to mission $583,855 · Excluded from tax $304,314$1,275,068
Part IX · Statement of functional expenses $1,226,759 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $67,575$67,575
IX-6 Pay of disqualified personsManagement $50,386$50,386
IX-7 Other salaries and wagesManagement $399,576$399,576
IX-9 Other employee benefitsManagement $12,251$12,251
IX-10 Payroll taxesManagement $41,283$41,283
IX-11b Legal feesManagement $8,068$8,068
IX-11c Accounting feesManagement $2,805$2,805
IX-11g Other fees for servicesManagement $1,246$1,246
IX-12 Advertising and promotionPrograms $32,988$32,988
IX-13 Office expensesPrograms $22,924 · Management $21,826$44,750
IX-14 Information technologyManagement $48,583$48,583
IX-16 OccupancyPrograms $66,247 · Management $19,445$85,692
IX-17 TravelManagement $14,195$14,195
IX-20 InterestManagement $13,892$13,892
IX-22 Depreciation, depletion and amortizationPrograms $1,583 · Management $50,462$52,045
IX-23 InsuranceManagement $33,394$33,394
IX-24 Other expenses (24a–d)Programs $253,833 · Management $40,456 · Fundraising $2,140$296,429
IX-24e All other expensesPrograms $9,344 · Management $12,257$21,601
IX-25 Total functional expensesPrograms $386,919 · Management $837,700 · Fundraising $2,140$1,226,759
Part X · Balance sheet $1,341,748 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $242,418$197,232
X-2 Savings and temporary cash investmentsStart of year $334,498$396,354
X-3 Pledges and grants receivableStart of year $29,800$26,381
X-10c Land, buildings and equipment, netStart of year $729,814$721,781
X-16 Total assetsStart of year $1,336,530$1,341,748
X-17 Accounts payable and accrued expensesStart of year $4,184$333
X-25 Other liabilitiesStart of year $4,274$8,795
X-26 Total liabilitiesStart of year $252,890$209,799
X-32 Total net assets or fund balancesStart of year $1,083,640$1,131,949
X-33 Total liabilities and net assetsStart of year $1,336,530$1,341,748
Part XI · Reconciliation of net assets $1,131,949 net assets at year end
XI-1 Total revenue$1,275,068
XI-2 Total expenses$1,226,759
XI-3 Revenue less expenses$48,309
XI-4 Net assets at start of year$1,083,640
XI-10 Net assets at end of year$1,131,949

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

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