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Franklin Savings Bank Community Development Foundation EIN 31-1719226

Franklin Savings Bank Community Development Foundation

EIN  31-1719226 Private foundation / grantmaker Farmington, ME
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Size
$100K–1M
What they do
A private foundation based in Farmington, ME. It reported about $553K in revenue for 2025.
Leadership
Bradford S Adley · Director
Money in and out
$553K revenue, $710K expenses
Bottom line
—

A private foundation based in Farmington, ME. It reported about $553K in revenue for 2025. For fiscal year 2025 it reported $553K in revenue, $710K in expenses, and $4.0M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$553K
Pt VIII · Ln 12
Total expenses
$710K
Pt IX · Ln 25
Net assets
$4.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$157K
Total assets
4.0M
deployed as grants and operations
Grants paid
705K
in FY2025
Grants made
182grants
total in period
Payout rate
17%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 182 grants · $705K · 2025–2025
Franklin Ski & Outing Club (dba Farmington Ski Club)FY2025$153,000
Beth Brunswick Memorial Fund for ChildrenFY2025$25,000
Avesta Housing Development CorporationME · FY2025$25,000
Care and Share Food ClosetME · FY2025$20,000
Greater Franklin Development CouncilME · FY2025$12,500
University of Maine SystemFY2025$12,000
Main Street SkowheganME · FY2025$11,500
Skowhegan Area High SchoolFY2025$10,179
High Peaks AllianceME · FY2025$10,000
Mainegeneral HealthFY2025$9,833
Vietnam Veterans Memorial Fund INCVA · FY2025$9,000
Heart of EllsworthME · FY2025$9,000
Children's Discovery MuseumFY2025$8,333
Susan L Curtis Charitable FoundationFY2025$7,500
Rsu 10FY2025$7,500
Sexual Assault Crisis and Support CenterFY2025$7,000
Kennebec Mental Health Associates INCME · FY2025$7,000
Maine Grain AllianceME · FY2025$6,000
See all 182 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV90
Average grantPart XV$4K
Median grantPart XV$2K
Largest grantPart XV$153K
Top cause focusNTEEFood & Agriculture (7%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$553K
FY2025▼ -17%
Expenses
$710K
FY2025▲ +71%
Total assets
$4.0M
FY2025▼ -4%
Total liabilities
$0
FY2025
Total revenue
$553K
Pt VIII · Ln 12
Total expenses
$710K
Pt IX · Ln 25
Net assets
$4.0M
Pt X · Ln 32
Total assetsPt II$4.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFranklin Savings Bank Community Development Foundation
EINHdr · item D31-1719226
Principal addressHdr · item CFarmington, ME
WebsiteHdr · item Jwww.franklinsavings.bank
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFAug 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Peter L Judkins
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
See Franklin Savings Bank Community Development Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$403K · 73%
Investment income$150K · 27%
Contributions & grants73%$403K
Investment income27%$150K
Total revenueLn 12$553K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.99 Operating & administrative $0.01
Grants & contributions paid99%$705K
Operating & administrative1%$5K
Total functional expensesLn 25$710K

Balance Sheet

Part X · end of year
CashLn 1$4.0M
Total assetsLn 16$4.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$4.0M
Months of cash on handcomputed68.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $4.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $553K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $553K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $553K · Prior year $667K
-17%
Revenue CAGR
FY2020 $354K · FY2025 $553K
+9%
Net-asset trend (YoY)
End of year $4.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $553K · Expenses $710K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $4.0M
—
Net-asset ratio
Net assets $4.0M · Total assets $4.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Bradford S Adley · Reported title Director · Highest reported compensation $0 · Total expenses $710K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -17%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$553K revenue · viewing · ⤓ 990 PDF
FY2024$667K revenue · ⤓ 990 PDF
FY2023$626K revenue · ⤓ 990 PDF
FY2022$565K revenue · ⤓ 990 PDF
FY2021$557K revenue · ⤓ 990 PDF
FY2020$354K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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