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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.