Franklin County Industrial

Not tax-deductible

St Albans, VT501(c)(4)EIN 51-0192568Revenue $849K in FY2025

On file with the IRSfcidc.com2 North Main Street 4th Floor Po, 05478-1790 · St Albans, VTTax-exempt since Mar 1972

This page gets seen. Tell your story. Claim this org.

To promote development and growth of private industry in the greater St. Albans area and Franklin County as a whole

62¢ of each $1 spent went to programs.
$142K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
4 of 5
filings with a surplus
Average deficit $200K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $120K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.2M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$849K
-44% vs prior year
Spent
$841K
To programs
62%
Net assets
$4.7M
By yearFY2021–FY2025
Revenue
$849K
FY2025▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.4M
FY2022$2.5M
FY2023$783K
FY2024$1.5M
FY2025$849K
Expenses
$841K
FY2025▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.2M
FY2022$2.4M
FY2023$2.2M
FY2024$1.4M
FY2025$841K
Net assets
$4.7M
FY2025+0.1%
Tap a bar for its year
Net assets by fiscal year
FY2021$5.9M
FY2022$6.0M
FY2023$4.6M
FY2024$4.7M
FY2025$4.7M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1972.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $525K Management & general 38% · $315K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

20 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$100,258Pt VII · Sec A
Secretary
$41,867Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Evan Branon——$106,694——
Timothy Smith$100,258$100,285—$91,124$93,779
Amy Kimball$41,867$42,939—$36,444$37,562
Leilani King——$37,558——

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 Industrial executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Promotes private industry development and growth in the greater St. Albans area and Franklin County.

Questions for Franklin County Industrial

Tap to ask. Franklin County Industrial sees how many people are interested.

Your first name shows with your question. Franklin County Industrial answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $525K · in their own filed words · FY2024
01

To provide rental space to businesses in order to further encourage the development of industry in Franklin County.

$423Kprogram expense
02

To provide loans to area businesses and municipalities for acquisition and expansion purposes to provide revolving loans for the creation of employment opportunities and/or the maintenance of existing jobs, particularly for the benefit of low income persons, displaced farm families and farm families needing to supplement their income.

$99Kprogram expense
03

To provide loans to area businesses and municipalities for acquisition and expansion purposes.

$4Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$120K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$849K
Ln 12
Fees for servicesLn 2g$518K
Gifts and grantsLn 1h$245K
Other incomeLn 4–11$56K
Money outPt IX
$841K
Ln 25
Programscol B$525K
Managementcol C$315K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$9.9M
LiabilitiesLn 26$5.2M
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$245K
Government grantsLn 1e$231K
Fees for servicesLn 2g$518K
Investment incomeLn 3$31K
Other incomeLn 4–11$56K
Total revenueLn 12$849K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$942K
Land, buildings, equipmentLn 10c$7.1M
Other assetsLn 15$543K
Total assetsLn 16$9.9M
LiabilitiesLn 26$5.2M
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.4M$1.1M
InvestmentsLn 11–13$861K$942K
Land, buildings, equipmentLn 10c$7.1M$7.1M
Total assetsLn 16$10.1M$9.9M
LiabilitiesLn 26$5.4M$5.2M
Net assetsLn 32$4.7M$4.7M
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$151K$151K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$41K$1K$40K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$23K$23K
Payroll taxesLn 10$16K$16K
Management feesLn 11a$0
Legal feesLn 11b$4K$3K$331
Accounting feesLn 11c$15K$8K$6K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$42K$30K$13K
Advertising and promotionLn 12$2K$212$2K
Office expensesLn 13$16K$5K$12K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$197K$189K$8K
TravelLn 17$11K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$174K$174K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$59K$59K$151
InsuranceLn 23$26K$19K$7K
Other expenses (24a–d)Ln 24$59K$37K$22K
All other expensesLn 24e$687$687
Total functional expensesLn 25$841K$525K$315K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $849K$841K$9K$4.7M 990 PDF
FY2024 $1.5M$1.4M$64K$4.7M 990 PDF
FY2023 $783K$2.2M−$1.4M$4.6M 990 PDF
FY2022 $2.5M$2.4M$120K$6.0M 990 PDF
FY2021 $2.4M$2.2M$192K$5.9M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $849,271 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $338,539$245,218
I-9 Program service revenuePrior year $1,032,476$517,757
I-10 Investment incomePrior year −$3,669$30,716
I-11 Other revenuePrior year $138,840$55,580
I-12 Total revenuePrior year $1,506,186$849,271
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $232,927$235,031
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,209,363$605,612
I-18 Total expensesPrior year $1,442,290$840,643
I-19 Revenue less expensesPrior year $63,896$8,628
Part VI · Governance 18 of 18 board members independent, 2 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $849,271 across 7 lines filed
VIII-1e Government grants$231,468
VIII-1f All other contributions, gifts and grants$13,750
VIII-1h Total contributions, gifts and grants$245,218
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $517,757$517,757
VIII-3 Investment incomeExcluded from tax $30,716$30,716
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,580$55,580
VIII-12 Total revenueRelated to mission $573,337 · Excluded from tax $30,716$849,271
Part IX · Statement of functional expenses $840,643 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 staffManagement $150,595$150,595
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,170 · Management $40,115$41,285
IX-8 Pension plan contributionsManagement $4,267$4,267
IX-9 Other employee benefitsManagement $23,240$23,240
IX-10 Payroll taxesManagement $15,644$15,644
IX-11a Management fees$0
IX-11b Legal feesPrograms $3,305 · Management $331$3,636
IX-11c Accounting feesPrograms $8,484 · Management $6,318$14,802
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $29,654 · Management $12,837$42,491
IX-12 Advertising and promotionPrograms $212 · Management $1,654$1,866
IX-13 Office expensesPrograms $4,621 · Management $11,769$16,390
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $189,307 · Management $7,518$196,825
IX-17 TravelManagement $11,402$11,402
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $173,769$173,769
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $59,109 · Management $151$59,260
IX-23 InsurancePrograms $19,011 · Management $6,952$25,963
IX-24 Other expenses (24a–d)Programs $36,510 · Management $22,011$58,521
IX-24e All other expensesManagement $687$687
IX-25 Total functional expensesPrograms $525,152 · Management $315,491 · Fundraising $0$840,643
Part X · Balance sheet $9,944,243 assets, 16 lines filed
Asset lines not itemized here account for $160,220; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,335$3,188
X-2 Savings and temporary cash investmentsStart of year $1,382,350$1,092,542
X-4 Accounts receivableStart of year $43,152$55,059
X-9 Prepaid expenses and deferred chargesStart of year $4,830$8,630
X-10c Land, buildings and equipment, netStart of year $7,095,247$7,140,237
X-11 Publicly traded securitiesStart of year $853,900$927,566
X-12 Other securitiesStart of year $7,534$14,203
X-15 Other assets$542,598
X-16 Total assetsStart of year $10,104,244$9,944,243
X-17 Accounts payable and accrued expensesStart of year $74,880$28,176
X-19 Deferred revenueStart of year $295,000$300,000
X-26 Total liabilitiesStart of year $5,371,572$5,205,131
X-27 Net assets without donor restrictionsStart of year $4,726,057$4,732,497
X-28 Net assets with donor restrictionsStart of year $6,615$6,615
X-32 Total net assets or fund balancesStart of year $4,732,672$4,739,112
X-33 Total liabilities and net assetsStart of year $10,104,244$9,944,243
Part XI · Reconciliation of net assets $4,739,112 net assets at year end
XI-1 Total revenue$849,271
XI-2 Total expenses$840,643
XI-3 Revenue less expenses$8,628
XI-4 Net assets at start of year$4,732,672
XI-5 Net unrealized gains (losses) on investments$57,362
XI-7 Investment expenses−$7,744
XI-9 Other changes in net assets−$51,806
XI-10 Net assets at end of year$4,739,112

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.