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
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
22 people listed on the 990; $131K paid to officers and key staff.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 →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
Your first name shows with your question. Franklin County Industrial answers here, for everyone.
To provide rental space to businesses in order to further encourage the development of industry in Franklin County
To provide rental space in a multi-tenant building to businesses for the purpose of promoting economic development in Franklin County
To provide loans to area businesses and municipalities for acquisition and expansion purposesTo 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $72K | $213K |
| InvestmentsLn 11–13 | $436K | $510K |
| Land, buildings, equipmentLn 10c | $15.0M | $10.0M |
| Total assetsLn 16 | $19.8M | $19.1M |
| LiabilitiesLn 26 | $13.9M | $13.1M |
| Net assetsLn 32 | $5.9M | $5.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| 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 | $133K | $133K | ||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $58K | $860 | $57K | |
| Pension plan contributionsLn 8 | $4K | $4K | ||
| Other employee benefitsLn 9 | $24K | $24K | ||
| Payroll taxesLn 10 | $15K | $15K | ||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $3K | $3K | $25 | |
| Accounting feesLn 11c | $19K | $13K | $6K | |
| Lobbying feesLn 11d | $0 | |||
| Investment management feesLn 11f | $4K | $4K | ||
| Other fees for servicesLn 11g | $68K | $55K | $13K | |
| Advertising and promotionLn 12 | $2K | $2K | $283 | |
| Office expensesLn 13 | $6K | $1K | $5K | |
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $237K | $231K | $6K | |
| TravelLn 17 | $1K | $100 | $1K | |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $376K | $376K | ||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $206K | $205K | $151 | |
| InsuranceLn 23 | $33K | $30K | $3K | |
| Other expenses (24a–d)Ln 24 | $101K | $79K | $22K | |
| All other expensesLn 24e | $904K | $904K | ||
| Total functional expensesLn 25 | $2.2M | $1.9M | $293K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Mar 14, 2026 | $849K | $841K | $9K | $4.7M | 990 PDF |
| FY2024Filed with the IRS Jan 29, 2025 | $1.5M | $1.4M | $64K | $4.7M | 990 PDF |
| FY2023Filed with the IRS Nov 9, 2023 | $783K | $2.2M | −$1.4M | $4.6M | 990 PDF |
| FY2022Filed with the IRS Feb 3, 2023 | $2.5M | $2.4M | $120K | $6.0M | 990 PDF |
| FY2021 ViewingFiled with the IRS Dec 10, 2021 | $2.4M | $2.2M | $192K | $5.9M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $2,387,417 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, 2 to look at
Part VIII · Statement of revenue $2,387,417 across 7 lines filed
Part IX · Statement of functional expenses $2,195,850 across 30 lines filed
Part X · Balance sheet $19,059,031 assets, 19 lines filed
Part XI · Reconciliation of net assets $5,921,400 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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