Overview

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Est.

1998

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Greater Franklin Development Council (EIN: 01-0524770) is a nonprofit organization dedicated to economic development, with a mission to attract and assist businesses and entrepreneurs to foster a sustainable and thriving community. With an operating budget of $879.4K and total revenue of $886.1K for the filing year 2025, the organization relies on multiple funding sources, with no single funder contributing 50% or more of its revenue. The Greater Franklin Development Council operates without a publicly listed website, focusing on community advocacy, promotion, and collaboration.

Mission Statement

GFDCs mission is to attract and assist businesses and entrepreneurs by advocating, promoting, and collaborating to support a sustainable and thriving community.
Revenues
$886.1K
Expenses
$879.4K
Net Income:
+$6.7K
Assets
$3.6M
Liabilities
-$1.6K
Net Assets:
+$3.6M
Operating Budget
$879.4K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$12K
Largest grant received
$12K
R
Robyn Raymond
Board Member
D
Derek Hayes
Board Member
B
Barbara Sergio
Board Member

Frequently Asked Questions

What is Greater Franklin Development Council’s budget?
In 2025, Greater Franklin Development Council reported an annual operating budget of around $879 thousand. More detailed financial information is available to registered users.
What causes does Greater Franklin Development Council support?
Greater Franklin Development Council supports work in Economic development.
Where does Greater Franklin Development Council operate?
Greater Franklin Development Council is headquartered in Farmington, ME.
Who funded Greater Franklin Development Council recently?
In 2025, Greater Franklin Development Council received grants from Franklin Savings Bank Community Development Foundation, Franklin Savings Bank Community Development Foundation, and Franklin Savings Bank Community Development Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant Greater Franklin Development Council received in 2024?
The largest grant to Greater Franklin Development Council in 2024 exceeds $12 thousand.
What is Greater Franklin Development Council’s reliance on government grants?
Greater Franklin Development Council relied on government grants for more than 15% of their total revenue in 2025.