Franklin-Williamson Properties INC: Nonprofit Profile, Financials & Form 990 (EIN 37-1275096)

Revenue by fiscal year
FY2021	$636K
FY2022	$602K
FY2023	$553K
FY2024	$551K
FY2025	$436K

Expenses by fiscal year
FY2021	$677K
FY2022	$641K
FY2023	$613K
FY2024	$586K
FY2025	$721K

Net assets by fiscal year
FY2021	$2.2M
FY2022	$2.2M
FY2023	$2.1M
FY2024	$2.1M
FY2025	$1.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2004.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $721K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Anne Tyree

Chair

$0Pt VII · Sec A

Stacey Overturf

Secretary

$0Pt VII · Sec A

Jennifer Thomason

Chief Operating Officer

$0Pt VII · Sec A

Helen Blackburn

Vice Chair

$0Pt VII · Sec A

Jean Alstat

Secretary Thru 11/30/04

$0Pt VII · Sec A

Ben Deblois

Treasurer

$0Pt VII · Sec A

Stephanie Duckworth

Member

$0Pt VII · Sec A

See Franklin-Williamson Properties INC 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

Provides life-changing care to those in need.

Questions for Franklin-Williamson Properties INC

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Provided by the organization

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1 program · $721K · in their own filed words · FY2024

01

The organization's sole purpose is to hold property for the use of centerstone of illinois, helping to further the mission of the CORPORATION.FRANKLIN-WILLIAMSON properties is associated with centerstone of illinois, which has a 50 year history of serving children, youth, adults and families through mental health counseling, substance…

$721Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$436K

Ln 12

Fees for servicesLn 2g$510K

Investment incomeLn 3$3

Money outPt IX

$721K

Ln 25

Programscol B$721K

Owns and owesPt X

$1.8M

net assets · Ln 32

Cash and savingsLn 1–2$2.0M

Total assetsLn 16$6.3M

LiabilitiesLn 26$4.5M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$510K

Investment incomeLn 3$3

Gains on assetsLn 7−$76K

Total revenueLn 12$436K

Assets in detailPt X, end of year

SavingsLn 2$2.0M

Cash and savings togetherLn 1–2$2.0M

Land, buildings, equipmentLn 10c$4.3M

Total assetsLn 16$6.3M

LiabilitiesLn 26$4.5M

Net assetsLn 32$1.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2.2M	$2.0M
Land, buildings, equipmentLn 10c	$4.7M	$4.3M
Total assetsLn 16	$6.9M	$6.3M
LiabilitiesLn 26	$4.8M	$4.5M
Net assetsLn 32	$2.1M	$1.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$4K
OccupancyLn 16	$120K
InterestLn 20	$360K
Depreciation, depletion and amortizationLn 22	$226K
InsuranceLn 23	$10K
Other expenses (24a–d)Ln 24	$13
Total functional expensesLn 25	$721K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$436K	$721K	−$285K	$1.8M	990 PDF
FY2024	$551K	$586K	−$35K	$2.1M	990 PDF
FY2023	$553K	$613K	−$60K	$2.1M	990 PDF
FY2022	$602K	$641K	−$40K	$2.2M	990 PDF
FY2021	$636K	$677K	−$41K	$2.2M	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 FY2025 990 (6 parts)

Part I · Summary $435,784 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $549,938$510,483

I-10 Investment incomePrior year $832−$75,999

I-11 Other revenuePrior year $400$1,300

I-12 Total revenuePrior year $551,170$435,784

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $586,229$720,677

I-18 Total expensesPrior year $586,229$720,677

I-19 Revenue less expensesPrior year −$35,059−$284,893

Part VI · Governance 0 of 6 board members independent, no flags

VI-1a Voting members of the governing body6

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $435,784 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $510,483$510,483

VIII-3 Investment incomeExcluded from tax $3$3

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$76,002−$76,002

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,300$1,300

VIII-12 Total revenueRelated to mission $511,783 · Unrelated business $0 · Excluded from tax −$75,999$435,784

Part IX · Statement of functional expenses $720,677 across 6 lines filed

IX-11g Other fees for services$4,265

IX-16 Occupancy$120,171

IX-20 Interest$360,041

IX-22 Depreciation, depletion and amortization$226,247

IX-23 Insurance$9,940

IX-24 Other expenses (24a–d)$13

IX-25 Total functional expenses$720,677

Part X · Balance sheet $6,299,506 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $2,227,664$1,987,706

X-4 Accounts receivableStart of year $1,685$1,550

X-9 Prepaid expenses and deferred chargesStart of year $6,734$6,414

X-10c Land, buildings and equipment, netStart of year $4,681,804$4,303,836

X-16 Total assetsStart of year $6,917,887$6,299,506

X-17 Accounts payable and accrued expensesStart of year $24,460$26,727

X-25 Other liabilitiesStart of year $4,783,711$4,447,956

X-26 Total liabilitiesStart of year $4,808,171$4,474,683

X-27 Net assets without donor restrictionsStart of year $2,109,716$1,824,823

X-32 Total net assets or fund balancesStart of year $2,109,716$1,824,823

X-33 Total liabilities and net assetsStart of year $6,917,887$6,299,506

Part XI · Reconciliation of net assets $1,824,823 net assets at year end

XI-1 Total revenue$435,784

XI-2 Total expenses$720,677

XI-3 Revenue less expenses−$284,893

XI-4 Net assets at start of year$2,109,716

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,824,823

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

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Franklin-Williamson Properties INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Franklin-Williamson Properties INC

By the numbers

Filing history

Schedules filed Part IV