FRANKFORT DEVELOPMENT TRUST INC

EIN: 300857304 501(c)(3) Arts, Culture & Humanities

Leavenworth, KS

Total Revenue
$134,981
Total Expenses
$135,211
Total Assets
$607,024
Net Assets
$607,024
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
KS
Principal Officer
David Ferris
Phone
9136516081
Tax Period
2025-01-01 to 2025-12-31

FRANKFORT DEVELOPMENT TRUST INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Net assets of $607K represent 54 months of operating reserves.

Mission

Restoration/Revitalization of the Old Frankfort Grade School, an historic structure, that is on the national register of historic places. The building is a four-story structure that has existed for approximately 122 years. The school served the community until 1998, when it was sold to a private party. After about fifteen years of private ownership the building had been abandoned, fallen into disrepair, and was left open to the elements after suffering significant vandalism. The structure was in danger of demotion. The Frankfort Development Trust was formed to as a vehicle to restore and revitalize the building to serve a rural community. The goal is to provide a mix of housing, community space, learning environment, daycare, and historic commemoration in a multi-generational hub atmosphere.

Program Service Accomplishments

Program 1
Expenses: $30,729 Revenue: $134,981

Renovation/restoration of the Old Frankfort Grade School. On-going work will provide for a structure that can be utilized by the Frankfort community and surrounding area. This will allow for the...

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Renovation/restoration of the Old Frankfort Grade School. On-going work will provide for a structure that can be utilized by the Frankfort community and surrounding area. This will allow for the revitalization of the structure and promote commerce in the area. Service area is a population of 800-1,000 people. The project is a multi-phased undertaking that is supported by the ongoing activities of the trust. The cost estimate for the project is in the range of $3-4 million. The expenditures in this section reflect the direct costs of restoration of the building, specifically architect fees and services provided by building contractors. During the reporting period work on the second phase of a four-phase window restoration occurred. Previous projects have included replacement of roof structures, restoration of side porticos, asbestos removal, and guttering. The initial goal is to seal the envelope of the structure so interior work can occur. The work has been supported by contributions, fundraising, grants, loans, and state tax credits.

Program 2
Expenses: $91,000 Revenue: $100,000

The securing of grants helps to preserve a historic property and contributes to preservation of a rural community in Kansas. While supporting the goal of restoring the school, grants further the...

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The securing of grants helps to preserve a historic property and contributes to preservation of a rural community in Kansas. While supporting the goal of restoring the school, grants further the social and economic vitality of both the community and surrounding area. They support the vision of affordable housing, population growth, family retention, economic diversity, and community pride and engagement. In the reporting period government grant was paid. The larger grant is reflected as a revenue in the reporting period.

Program 3
Expenses: $0 Revenue: $23,204

Fundraising activities through events such as meals and golf tournaments. This provides funds for the restoration revitalization of the historic building. The community served/benefitted is both the...

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Fundraising activities through events such as meals and golf tournaments. This provides funds for the restoration revitalization of the historic building. The community served/benefitted is both the Frankfort community and surrounding Marshall County, Kansas area of 800-1,000 people. In the reporting year, fundraising activity was provided by a volunteer board and community volunteers that numbered 17 people. There were twelve events including a golf tournament, breakfasts, soup days, and peach sales. Event attendance was in the range of 100-120 persons. For reporting purposes the expenses attributable to fundraising are not reported as program services.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $127,322
Program Service Revenue $0
Investment Income $21
Other Revenue $7,638
TOTAL REVENUE $134,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $121,729
Other Expenses $135,211
TOTAL EXPENSES $135,211

Year-over-Year Comparison

2025 2024 Change
Revenue $134,981 $146,171 -0.1%
Expenses $135,211 $147,495 -0.1%
Net Income $-230 $-1,324 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Fincham President 3.76
Officer Director
$0 $0 $0
Roxanne Tilley Secretary 7.27
Officer Director
$0 $0 $0
David Ferris Treasurer 4.12
Officer Director
$0 $0 $0
Nan Lisher Member 2.26
Director
$0 $0 $0
Pam Suther Member 2.16
Director
$0 $0 $0
Bill Gallagher Member 2.64
Director
$0 $0 $0
Nancy Gallagher Member 2.21
Director
$0 $0 $0
Carol McKinney Member 1.87
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $134,981 $135,211 $607,024 $-230
2024 No data No data No data No data
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