Franklin Simpson Renaissance EIN 61-1281151 Form 990 (PDF) Claim this org

Franklin Simpson Renaissance

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Promotes tourism, business, and preservation of historical landmarks in Simpson County. For fiscal year 2025 it reported $345K in revenue, $313K in expenses, and $858K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Franklin, KY
Filings
5 on file (2021–2025)
Revenue
$345KFY2025
Expenses
$313K
Net assets
$858K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  61-1281151 Public charity (501(c)(3)) Franklin, KY
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes tourism, business, and preservation of historical landmarks in Simpson County.
Leadership
Sam Crocker · President
Money in and out
$345K revenue, $313K expenses
Bottom line
87% program efficiency
Where the money goes · FY2025
Total revenue
$345K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$858K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $32K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
32.1mo
months of highly liquid reserves at operating expense rate▲ +36% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +203% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$345K
FY2025▼ -5%
Expenses
$313K
FY2025▼ -21%
Total assets
$865K
FY2025▲ +11%
Total liabilities
$7K
FY2025▲ +15%
Total revenue
$345K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$858K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$865K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFranklin Simpson Renaissance
EINHdr · item D61-1281151
Principal addressHdr · item CFranklin, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S22Z)
Ruling yearIRS BMFMay 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $272K of program spending, described in the organization's own filed words · FY2024.
01

Special events, such as summer concerts, summer vibes, small town christmas and other events, were sponsored to promote culture and enhance the small town atmosphere.

$182Kprogram expense
02

Courtyard around courthouse was maintained and decorated seasonally and flowers were distributed around the square to enhance the beauty of the area

$76Kprogram expense
03

Facade grants were given to businesses around the square to improve the appearance and preserve historic buildings downtown. Sidewalks, benches, and the band stand were improved to make downtown more appealing. Catalogues and maps were distributed to help with tourism.

$14Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$141K · 41%
Contributions & grants$122K · 35%
Investment income$52K · 15%
Program service revenue$30K · 9%
Other revenue41%$141K
Contributions & grants35%$122K
Investment income15%$52K
Program service revenue9%$30K
— government grantsLn 1e$65K
Total revenueLn 12$345K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$272K
Management & general13%$40K
Total functional expensesLn 25$313K

Balance Sheet

Part X · end of year
CashLn 1$192K
Total assetsLn 16$865K
Total liabilitiesLn 26$7K
Total net assetsLn 32$858K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $836K · Operating expenses/yr $313K
32.1 months
Where the money goes
Program services
Program services $272K · Total expenses $313K
87%
Management & General
Management & general $40K · Total expenses $313K
13%
Fundraising
Fundraising $0 · Total expenses $313K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $122K · Total revenue $345K
35%
Government reliance
Government grants $65K · Total revenue $345K
19%
Earned-income share
Program service revenue $30K · Total revenue $345K
9%
Investment reliance
Investment income $52K · Total revenue $345K
+15%
Program self-sufficiency
Program service revenue $30K · Total expenses $313K
10%
Growth & trend
Revenue growth (YoY)
This year $345K · Prior year $363K
-5%
Revenue CAGR
FY2020 $252K · FY2024 $345K
+8%
Net-asset trend (YoY)
End of year $858K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $345K · Expenses $313K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $865K
Net-asset ratio
Net assets $858K · Total assets $865K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $644K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $865K
74%
People & payroll
Highest Reported Total Compensation
Individual Sam Crocker · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $313K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $96K · Total expenses $313K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth -5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 8 grants · $70K · 2021–2024
Simpson County Extension ServiceFY2024$6,000
Griggs Holdings LLCFY2023$15,000
Bsig LLCFY2023$11,354
Unitemized GrantFY2022$6,000
Unitemized GrantFY2022$1,390
Gallery on the SquareKY · FY2021$10,000
Mayfield Tornado ReliefFY2021$10,000

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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)$345K revenue · viewing · ⤓ 990 PDF
FY2024$363K revenue · ⤓ 990 PDF
FY2023$262K revenue · ⤓ 990 PDF
FY2022$237K revenue · ⤓ 990 PDF
FY2021$252K 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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