AI Summary
The Franklin School Facilities Corporation, a nonprofit organization based in South Carolina, focuses on supporting the Northside Development Corporation in its mission to enhance early childhood education facilities in Spartanburg. With an operating budget of $484.1K and total revenue of $128.8K for the 2024 filing year, the organization is primarily funded by a significant contribution of $3.7M from an undisclosed source, indicating a reliance on this single funder for a substantial portion of its revenue.
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Mission Statement
TO ASSIST AND SUPPORT NORTHSIDE DEVELOPMENT CORPORATION, A SOUTH CAROLINA NONPROFIT CORPORATION HAVING RECEIVED A DETERMINATION OF EXEMPTION FROM FEDERAL INCOME TAXATION FROM THE INTERNAL REVENUE SERVICE IN ACCORDANCE WITH SECTION 501(C)(3) OF THE CODE ("NDC") IN FURTHERANCE OF ITS EXEMPT PURPOSES BY INTER ALIA, ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, MANAGING, OR GRANTING RIGHTS OF ACCESS, USE OR POSSESSION, OF REAL PROPERTY AND IMPROVEMENTS THEREON IN THE AREA OF THE CITY OF SPARTANBURG, SOUTH CAROLINA (THE "CITY") COMMONLY REFERRED TO AS "NORTHSIDE," INCLUDING BUT NOT LIMITED TO, FACILITIES USED AS EARLY CHILDHOOD EDUCATIONAL FACILITIES. WITHOUT LIMITATION OF THE FOREGOING, THE PURPOSES OF NDC TO BE SUPPORTED BY ACTIVITIES OF THE CORPORATION INCLUDE (I) PURCHASING OR OTHERWISE ACQUIRING, (II) SELLING OR OTHERWISE TRANSFERRING, (III) LEASING, (IV) MANAGING AND/OR DEVELOPING OR REDEVELOPING REAL PROPERTY AND IMPROVEMENTS THEREON WITHIN THE N
Cause Areas
2
Education
Early childhood education
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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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Funder
Total Funding
Funding Share
NORTHSIDE DEVELOPMENT CORPORATION
$3.7M
21%
Frequently Asked Questions
What is FRANKLIN SCHOOL FACILITIES CORPORATION’s budget?
In 2024, FRANKLIN SCHOOL FACILITIES CORPORATION reported an annual operating budget of around $484 thousand. More detailed financial information is available to registered users.
What causes does FRANKLIN SCHOOL FACILITIES CORPORATION support?
FRANKLIN SCHOOL FACILITIES CORPORATION supports work in Education and Early childhood education.
Where does FRANKLIN SCHOOL FACILITIES CORPORATION operate?
FRANKLIN SCHOOL FACILITIES CORPORATION is headquartered in Spartanburg, SC.
Who funded FRANKLIN SCHOOL FACILITIES CORPORATION recently?
In 2021, FRANKLIN SCHOOL FACILITIES CORPORATION received grants from NORTHSIDE DEVELOPMENT CORPORATION, NORTHSIDE DEVELOPMENT CORPORATION, and NORTHSIDE DEVELOPMENT CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant FRANKLIN SCHOOL FACILITIES CORPORATION received in 2021?
The largest grant to FRANKLIN SCHOOL FACILITIES CORPORATION in 2021 exceeds $8,334.
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