Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
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
24 people listed on the 990; $88K paid to officers and key staff.
Mindy Tate’s $88K as Chief Executive Officer is at the 77th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mindy Tate | $87,779 | $85,582 | $79,083 | $69,972 | $72,894 |
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.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Engages the community, fosters collaboration, and advocates for Franklin's future vision.
Questions for Franklin Tomorrow INC
Your first name shows with your question. Franklin Tomorrow INC answers here, for everyone.
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Breakfast with the mayors to encourage communication between our government and our business COMMUNITY.FRANK talks a monthly community lecture series that provides an opportunity for franklin residents to learn, engage in important topics and discussions that foster collaboration to help shape our COMMUNITY.VOLUNTEER awards ceremony to…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $290K | $234K |
| InvestmentsLn 11–13 | $27K | |
| Land, buildings, equipmentLn 10c | $76 | $562 |
| Total assetsLn 16 | $330K | $274K |
| LiabilitiesLn 26 | $98K | $16K |
| Net assetsLn 32 | $232K | $257K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $88K | $88K | ||
| Other salaries and wagesLn 7 | $58K | $58K | ||
| Other employee benefitsLn 9 | $16K | $16K | ||
| Payroll taxesLn 10 | $11K | $11K | ||
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $6K | $6K | ||
| OccupancyLn 16 | $28K | $28K | ||
| Depreciation, depletion and amortizationLn 22 | $201 | $201 | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $123K | $16K | $20K | $88K |
| All other expensesLn 24e | $5K | $828 | $4K | |
| Total functional expensesLn 25 | $342K | $221K | $30K | $91K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $373K | $342K | $32K | $257K | 990 PDF |
| FY2023 | $312K | $299K | $13K | $232K | 990 PDF |
| FY2022 | $356K | $328K | $28K | $219K | 990 PDF |
| FY2021 | $321K | $268K | $52K | $191K | 990 PDF |
| FY2020 | $217K | $203K | $15K | $138K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $373,443 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, 5 to look at
Part VIII · Statement of revenue $373,443 across 7 lines filed
Part IX · Statement of functional expenses $341,807 across 11 lines filed
Part X · Balance sheet $273,662 assets, 13 lines filed
Part XI · Reconciliation of net assets $257,264 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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