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Filing year 2024

Franklin Savings Bank Community Development Foundation

Farmington, Maine·EIN 31-1719226·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$667k
Total assets
$4.2M
Total expenses
$414k
Reported officers
10

Reported officers (all unpaid)

No paid executives reported in 2024. Franklin Savings Bank Community Development Foundation reported 10 unpaid officers and board members on its 990-PF.

President
Treasurer and Secretary
Assistant Treasurer
Director
Director
Director
Director
Director
Director
Chairperson

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$408k

Itemized grants

135

Median grant

$2k

RecipientLocationPurposeAmount
Black Mountain of MaineRumford, MEGeneral Operating Support$29k
Avesta Housing Development CorporationPortland, MEGeneral Operating Support$25k
Heart of EllsworthEllsworth, MEGeneral Operating Support$16k
Main Street SkowheganSkowhegan, MEGeneral Operating Support$12k
Greater Franklin Development CouncilFarmington, MEGeneral Operating Support$12k
High Peaks AllianceFarmington, MEGeneral Operating Support$11k
Bay SchoolBlue Hill, MEGeneral Operating Support$10k
Pine Tree Society for Handicapped Children & Adults IncBath, MEGeneral Operating Support$10k
United Way of the Tri-Valley AreaFarmington, MEGeneral Operating Support$10k
MaineGeneral HealthAugusta, MEGeneral Operating Support$10k
Children's Discovery MuseumWaterville, MEGeneral Operating Support$8k
Safe VoicesAuburn, MEGeneral Operating Support$8k
Spruce Mountain Educational FoundationJay, MEGeneral Operating Support$7k
RSU 9Farmington, MEGeneral Operating Support$6k
Mt Blue High SchoolFarmington, MEGeneral Operating Support$6k
Sexual Assault Crisis & Support CenterWinthrop, MEGeneral Operating Support$6k
The Maine Grain AllianceSkowhegan, MEGeneral Operating Support$6k
Sandy River PlayersFarmington, MEGeneral Operating Support$6k
EnvisionRumfordRumford, MEGeneral Operating Support$5k
Kennebec Valley Community Action ProgramWaterville, MEGeneral Operating Support$5k
Belfast Theatre Arts CompanyBelfast, MEGeneral Operating Support$5k
Community Concepts IncLewiston, MEGeneral Operating Support$5k
Friends of the River ValleyRumford, MEGeneral Operating Support$5k
Inland Woods TrailsBethel, MEGeneral Operating Support$5k
Kingfield PopsKingfield, MEGeneral Operating Support$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Franklin Savings Bank Community Development Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$626k
$492k
2023
$667k
$414k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

Franklin Savings Bank Community Development Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Maine earns a median of $12,000.

25th percentile
$4k
Median
$12,000
75th percentile
$38k
90th percentile
$119k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 194 organizations across 194 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Maine
FAQ

Common questions about Franklin Savings Bank Community Development Foundation

What are Franklin Savings Bank Community Development Foundation's revenue and expenses?

In 2024, Franklin Savings Bank Community Development Foundation reported $667k in total revenue and $414k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.