Franklin County Development Council INC FY2024 filing

Not tax-deductible

Ottawa, KS501(c)(6)Since 1946EIN 48-6107427Revenue $241K in FY2024

On file with the IRSthinkfranklinco.org1428 S Main St, 66067-3543 · Ottawa, KSTax-exempt since Nov 1954

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Promote the development of commercial and industrial enterprises and other community activities, which provide jobs, community growth and prosperity.

77¢ of each $1 spent went to programs.
$141K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 6
filings with a surplus
Average deficit $7K a year · 3% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
to officers and key staff · 56% of spending
Concern: pay to officers and key staff is 56% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 25 voting members
Looks good: 23 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$241K
+9% vs prior year
Spent
$250K
To programs
77%
Net assets
$251K
By yearFY2020–FY2025
Revenue
$241K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$291K
FY2021$212K
FY2022$236K
FY2023$222K
FY2024$241K
FY2025$216K
Expenses
$250K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$308K
FY2021$213K
FY2022$223K
FY2023$243K
FY2024$250K
FY2025$222K
Net assets
$251K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$271K
FY2021$270K
FY2022$283K
FY2023$262K
FY2024$251K
FY2025$242K

From the FY2024 Form 990 · see the original

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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 Nov 1954.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $192K Management & general 23% · $58K

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

25 people listed on the 990; $141K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$140,600Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Paul Bean$140,152$140,600$135,930$134,833$136,605

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 Franklin County Development Council 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

Drives industry and business growth in Franklin County, Kansas.

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1 program · $192K · in their own filed words · FY2024
01

Expenses to promote the development of commercial and industrial enterprises and other community activities in franklin county, which provide jobs, community growth and prosperity.

$192Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$241K
Ln 12
Gifts and grantsLn 1h$214K
Investment incomeLn 3$17K
Other incomeLn 4–11$10K
Money outPt IX
$250K
Ln 25
Programscol B$192K
Managementcol C$58K
Owns and owesPt X
$251K
net assets · Ln 32
Cash and savingsLn 1–2$256K
Total assetsLn 16$256K
LiabilitiesLn 26$5K
PeoplePt VI, VII
25
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Government grantsLn 1e$166K
Investment incomeLn 3$17K
Other incomeLn 4–11$10K
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$39K
SavingsLn 2$216K
Cash and savings togetherLn 1–2$256K
Total assetsLn 16$256K
LiabilitiesLn 26$5K
Net assetsLn 32$251K
OperationsPt I, VI
EmployeesI 51
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$266K$256K
Total assetsLn 16$266K$256K
LiabilitiesLn 26$4K$5K
Net assetsLn 32$262K$251K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$140K$98K$42K
Other employee benefitsLn 9$17K$12K$5K
Payroll taxesLn 10$11K$8K$3K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$2K$1K$1K
Information technologyLn 14$5K$2K$2K
TravelLn 17$3K$2K$2K
Conferences, conventions and meetingsLn 19$3K$1K$1K
InsuranceLn 23$2K$836$837
Other expenses (24a–d)Ln 24$35K$35K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$250K$192K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $216K$222K−$5K$242K 990 PDF
FY2024 Viewing $241K$250K−$9K$251K 990 PDF
FY2023 $222K$243K−$21K$262K 990 PDF
FY2022 $236K$223K$13K$283K 990 PDF
FY2021 $212K$213K−$1K$270K 990 PDF
FY2020 $291K$308K−$17K$271K 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 $241,036 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $217,518$214,121
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,407$17,243
I-11 Other revenuePrior year $700$9,672
I-12 Total revenuePrior year $221,625$241,036
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $158,998$167,613
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $84,076$82,266
I-18 Total expensesPrior year $243,074$249,879
I-19 Revenue less expensesPrior year −$21,449−$8,843
Part VI · Governance 23 of 25 board members independent, 3 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members23
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 $241,036 across 6 lines filed
VIII-1b Membership dues$48,250
VIII-1e Government grants$165,871
VIII-1h Total contributions, gifts and grants$214,121
VIII-3 Investment incomeRelated to mission $17,243$17,243
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,672$9,672
VIII-12 Total revenueRelated to mission $26,915$241,036
Part IX · Statement of functional expenses $249,879 across 12 lines filed
IX-7 Other salaries and wagesPrograms $98,000 · Management $42,000$140,000
IX-9 Other employee benefitsPrograms $11,738 · Management $5,031$16,769
IX-10 Payroll taxesPrograms $7,591 · Management $3,253$10,844
IX-11c Accounting feesPrograms $9,934$9,934
IX-12 Advertising and promotionPrograms $17,475$17,475
IX-13 Office expensesPrograms $1,245 · Management $1,245$2,490
IX-14 Information technologyPrograms $2,338 · Management $2,339$4,677
IX-17 TravelPrograms $1,564 · Management $1,565$3,129
IX-19 Conferences, conventions and meetingsPrograms $1,424 · Management $1,424$2,848
IX-23 InsurancePrograms $836 · Management $837$1,673
IX-24 Other expenses (24a–d)Programs $35,444$35,444
IX-24e All other expensesPrograms $4,596$4,596
IX-25 Total functional expensesPrograms $192,185 · Management $57,694 · Fundraising $0$249,879
Part X · Balance sheet $255,639 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $48,516$39,457
X-2 Savings and temporary cash investmentsStart of year $217,528$216,182
X-16 Total assetsStart of year $266,044$255,639
X-17 Accounts payable and accrued expensesStart of year $4,199$4,724
X-26 Total liabilitiesStart of year $4,199$4,724
X-27 Net assets without donor restrictionsStart of year $261,845$250,915
X-32 Total net assets or fund balancesStart of year $261,845$250,915
X-33 Total liabilities and net assetsStart of year $266,044$255,639
Part XI · Reconciliation of net assets $250,915 net assets at year end
XI-1 Total revenue$241,036
XI-2 Total expenses$249,879
XI-3 Revenue less expenses−$8,843
XI-4 Net assets at start of year$261,845
XI-9 Other changes in net assets−$2,087
XI-10 Net assets at end of year$250,915

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

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