Nonprofit · EIN 87-3968416
FRANKLIN PARKS FOUNDATION
Tax-exempt · FRANKLIN, VA 23851
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,232,000 | $63,318 | $1,168,682 | $1,850,783 | $0 | $1,850,783 |
| December 31, 2024 | 990 | $100,000 | $73,469 | $26,531 | $682,101 | $0 | $682,101 |
| December 31, 2023 | 990 | $406,300 | $26,971 | $379,329 | $655,569 | $0 | $655,569 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,232,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $11,563
- Depreciation
- $51,181
- Program services (functional)
- $51,604
- Management and general (functional)
- $11,714
Balance sheet and other
- Total assets, start of year
- $682,101
- Total assets, end of year
- $1,850,783
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,850,783
- Land, buildings and equipment
- $1,795,195
- Net assets without donor restrictions
- $1,806,722
- Net assets with donor restrictions
- $44,061
- Gross receipts
- $1,232,000
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENTON D BURGESS | TREASURER Officer | – | $0 |
| GILLETTE COUNCIL | SECRETARY Officer | – | $0 |
| JAMES E CRAIG JR | PRESIDENT Officer | – | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENTON D BURGESS | TREASURER Officer | – | $0 |
| GILLETTE COUNCIL | SECRETARY Officer | – | $0 |
| JAMES E CRAIG JR | PRESIDENT Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENTON D BURGESS | TREASURER Officer | – | $0 |
| GILLETTE COUNCIL | SECRETARY Officer | – | $0 |
| JAMES E CRAIG JR | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 775, FRANKLIN, VA 23851-0775
- In care of
- % WILLIAM L HOLT
- Mailing address (990-N for 2021)
- PO Box 775, Franklin VA 23851
- Principal officer (990 for 2025)
- BRENTON D BURGESS, PO BOX 634, FRANKLIN, VA 23851
- Principal officer (990-N for 2021)
- Brenton D Burgess, PO Box 634, Franklin VA 23851
- Signed the 990
- BRENTON D BURGESS, TREASURER
- Phone
- (757) 569-8156
- Return prepared by
- BURGESS & CO PLC CPAS
Mission
TO PROTECT, PRESERVE, AND MAINTAIN LOCAL PARKS AND RELATED PROPERTY IN THE CITY OF FRANKLIN, VIRGINIA.
Program accomplishments
- TO PROTECT, PRESERVE, AND MAINTAIN LOCAL PARKS AND RELATED PROPERTY IN THE CITY OF FRANKLIN, VIRGINIA, AND SURROUNDING AREAS.Expenses $46,882
- TO PROTECT, PRESERVE, AND MAINTAIN LOCAL PARKS AND RELATED PROPERTY IN THE CITY OF FRANKLIN, VIRGINIA, AND SURROUNDING AREAS.Expenses $4,722
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3968416
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C01)
- Assets (IRS master file)
- $1,850,783
- Income (IRS master file)
- $1,232,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,232,000 | $63,318 | $1,850,783 | IRS |
| 990 | December 2024 | $100,000 | $73,469 | $682,101 | IRS |
| 990 | December 2023 | $406,300 | $26,971 | $655,569 | XML |
| 990 | December 2022 | $251,500 | $10,260 | $276,240 | IRS |
| 990-N for 2021 Officer: Brenton D Burgess | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3968416).
Questions about FRANKLIN PARKS FOUNDATION
- What is the EIN of FRANKLIN PARKS FOUNDATION?
- The employer identification number (EIN) of FRANKLIN PARKS FOUNDATION is 87-3968416.
- Is FRANKLIN PARKS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FRANKLIN PARKS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN PARKS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN PARKS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN PARKS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRANKLIN PARKS FOUNDATION?
- The 990 for the year ended December 31, 2025 names BRENTON D BURGESS.
- Who are the officers and directors of FRANKLIN PARKS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FRANKLIN PARKS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,232,000, expenses of $63,318 and total assets of $1,850,783 at year end.
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