Engage Franklin INC EIN 86-4001065 Form 990 (PDF) Claim this org

Engage Franklin INC

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Promotes Franklin as a premier destination for travel and events to boost the local economy. For fiscal year 2024 it reported $309K in revenue, $291K in expenses, and $63K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Franklin, WI
Website
www.engagefranklin.org
Filings
2 on file (2023–2024)
Revenue
$309KFY2024
Expenses
$291K
Net assets
$63K
People
11
Filings
2
Updates
0
More identity details & actions ⌄
EIN  86-4001065 Business league / trade association Franklin, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes Franklin as a premier destination for travel and events to boost the local economy.
Leadership
Laura Nelson · President · $29K
Money in and out
$309K revenue, $291K expenses
Bottom line
+6% operating surplus
Membership & operating revenue · FY2024
Total revenue
$309K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33
Operating surplus
+6%
revenue over expenses▼ -93% vs prior filing year
Earned revenue
34%
of revenue from program services & dues
Payroll share
14%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$309K
FY2024▲ +462%
Total revenue
$309K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$146K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $196K of program spending, described in the organization's own filed words · FY2024.
01

Promoting franklin, wi as a destination by working with third parties to bring more visitors to local hotels and attractions.

$196Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEngage Franklin INC
EINHdr · item D86-4001065
Principal addressHdr · item CFranklin, WI
WebsiteHdr · item Jwww.engagefranklin.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJan 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$28,946Pt VII · Sec A
Executive Director
$12,514Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$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

Laura Nelson’s $29K as President is at the 15th percentile of top reported officer pay among 1711 $100K–1M community development 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.

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Statement of Revenue

Part VIII
Contributions & grants$205K · 66%
Program service revenue$104K · 34%
Contributions & grants66%$205K
Program service revenue34%$104K
Investment income$61
— government grantsLn 1e$205K
Total revenueLn 12$309K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$196K
Management & general33%$95K
Total functional expensesLn 25$291K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$146K
Total liabilitiesLn 26$83K
Total net assetsLn 32$63K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17K · Operating expenses/yr $291K
0.7 months
Where the money goes
Program services
Program services $196K · Total expenses $291K
67%
Management & General
Management & general $95K · Total expenses $291K
33%
Fundraising
Fundraising $0 · Total expenses $291K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $205K · Total revenue $309K
66%
Government reliance
Government grants $205K · Total revenue $309K
66%
Earned-income share
Program service revenue $104K · Total revenue $309K
34%
Investment reliance
Investment income $61 · Total revenue $309K
+0.02%
Program self-sufficiency
Program service revenue $104K · Total expenses $291K
36%
Growth & trend
Revenue growth (YoY)
This year $309K · Prior year $55K
+462%
Net-asset trend (YoY)
End of year $63K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $309K · Expenses $291K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $146K
Net-asset ratio
Net assets $63K · Total assets $146K
43%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $146K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laura Nelson · Reported title PRESIDENT · Highest reported compensation $29K · Total expenses $291K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $291K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 33%
Fundraising cost ratio 0%
Revenue growth 462%
Legal fee ratio 0.6%

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.

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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
FY2024 (Latest)$309K revenue · viewing · ⤓ 990 PDF
FY2023$55K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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