Franklin Simpson Educational Coalition Inc
Franklin Simpson Educational Coalition Inc maintains stable finances with growing assets and no reported liabilities.
EIN: 202540047 · Franklin, KY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $142K |
| Program Spending | 85% |
| Net Assets | $326K |
| Transparency Score | 88/100 |
Search Intent Cockpit
Franklin Simpson Educational Coalition Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Franklin Simpson Educational Coalition Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Franklin Simpson Educational Coalition Inc in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $160K and expenses of $142K.
Revenue and Expenses
Franklin Simpson Educational Coalition Inc reported $160K in revenue and $142K in expenses, a surplus of $18K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
88/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Franklin Simpson Educational Coalition Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $121K (85%) |
Across stored filings, Franklin Simpson Educational Coalition Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 7 stored filing years |
| Peer context | Compare with Carriage Museum Of America | Kentucky and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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Local and Sector Spokes
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Franklin, KY nonprofitsEducation in Kentucky
Education in Kentucky
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Franklin Simpson Educational Coalition Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Simpson Educational Coalition Inc
Franklin Simpson Educational Coalition Inc (EIN: 202540047) is a nonprofit organization based in Franklin, KY, classified under NTEE code B99. The organization reported total revenue of $3.0M and total assets of $410K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Simpson Educational Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Simpson Educational Coalition Inc is a mid-size nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 49.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $142K |
| Surplus / Deficit | +$18K |
| Total Assets | $326K |
| Net Assets | $326K |
| Operating Margin | 11.1% |
| Months of Reserves | 27.5 months |
Financial Health Grade: A
In 2023, Franklin Simpson Educational Coalition Inc reported a surplus of $18K with revenue exceeding expenses, holds 27.5 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Franklin Simpson Educational Coalition Inc's revenue has grown at a compound annual growth rate (CAGR) of 49.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.8% | -11.1% | +5.7% |
| 2022 | -43.8% | +64.2% | -14.0% |
| 2021 | +21.2% | +68.2% | +37.4% |
| 2020 | +19.9% | -54.1% | +65.1% |
| 2019 | -14.4% | +7.8% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franklin Simpson Educational Coalition Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Franklin Simpson Educational Coalition Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive for resource allocation to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Franklin Simpson Educational Coalition Inc:
- Consistent zero liabilities across all filings, indicating strong financial health.
- Steady growth in assets from $110,320 in 2017 to $325,835 in 2023.
- Consistent reporting of 0% officer compensation, maximizing funds for programs.
- Expenses generally managed below or close to revenue, demonstrating fiscal responsibility.
- Positive net asset position in all reported periods.
Frequently Asked Questions about Franklin Simpson Educational Coalition Inc
Is Franklin Simpson Educational Coalition Inc a legitimate charity?
Franklin Simpson Educational Coalition Inc (EIN: 202540047) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 88/100. It has 7 years of IRS 990 filings on record. Total revenue: $3.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Franklin Simpson Educational Coalition Inc spend its money?
Franklin Simpson Educational Coalition Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Franklin Simpson Educational Coalition Inc tax-deductible?
Franklin Simpson Educational Coalition Inc is registered as a tax-exempt nonprofit (EIN: 202540047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Franklin Simpson Educational Coalition Inc's spending goes to programs?
Franklin Simpson Educational Coalition Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Franklin Simpson Educational Coalition Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Franklin Simpson Educational Coalition Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franklin Simpson Educational Coalition Inc located?
Franklin Simpson Educational Coalition Inc is headquartered in Franklin, Kentucky and files with the IRS under EIN 202540047. It is classified under NTEE code B99.
How many years of IRS 990 filings does Franklin Simpson Educational Coalition Inc have?
Franklin Simpson Educational Coalition Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.0M in total revenue.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that compensation is structured in a way that it is not reported under 'officer compensation' on the Form 990. This practice allows more funds to be directed towards programs.
What caused the significant increase in assets from $157,998 in 2019 to $260,830 in 2020?
The substantial increase in assets during this period, despite relatively stable revenue, could be due to significant non-cash contributions, investment gains, or a strategic accumulation of surpluses from prior years. Further investigation into the specific Form 990 for 2020 would be needed to identify the exact cause.
What is the primary source of the organization's revenue, given its fluctuations?
While the provided data shows total revenue, the specific sources (e.g., grants, donations, program service revenue) are not detailed. The fluctuations suggest a reliance on varying funding streams, which could include grants that are not consistent year-to-year or varying levels of public support.
Filing History
IRS 990 filing history for Franklin Simpson Educational Coalition Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Franklin Simpson Educational Coalition Inc's revenue has grown by 992.1%, moving from $15K to $160K. Total assets increased by 195.4% over the same period, from $110K to $326K. Total functional expenses rose by 323.6%, from $34K to $142K. In its most recent filing year (2023), Franklin Simpson Educational Coalition Inc reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $142K | $326K | $0 | — | — |
| 2022 | $110K | $160K | $308K | $0 | — | — |
| 2021 | $195K | $97K | $358K | $0 | — | View 990 |
| 2020 | $161K | $58K | $261K | $0 | — | — |
| 2019 | $134K | $126K | $158K | $0 | — | View 990 |
| 2018 | $157K | $117K | $150K | $0 | — | View 990 |
| 2017 | $15K | $34K | $110K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $142K, and assets of $326K (revenue +45.8% year-over-year).
- 2022: Revenue of $110K, expenses of $160K, and assets of $308K (revenue -43.8% year-over-year).
- 2021: Revenue of $195K, expenses of $97K, and assets of $358K (revenue +21.2% year-over-year).
- 2020: Revenue of $161K, expenses of $58K, and assets of $261K (revenue +19.9% year-over-year).
- 2019: Revenue of $134K, expenses of $126K, and assets of $158K (revenue -14.4% year-over-year).
- 2018: Revenue of $157K, expenses of $117K, and assets of $150K (revenue +970.5% year-over-year).
- 2017: Revenue of $15K, expenses of $34K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Simpson Educational Coalition Inc:
Data Sources and Methodology
This transparency report for Franklin Simpson Educational Coalition Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.