MISSION
The mission of the L&G Franklin Foundation is to develop future leaders and productive citizens through programs that promote citizenship, leadership development and mentoring.
DEMOGRAPHIC
ADDRESS
1045 HUDSON ST
38112
COUNTY
shelby county, TN
ORGANIZATIONAL OVERVIEW & RANKINGS
L&G FRANKLIN FOUNDATION is a based in MEMPHIS, TN, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in August 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,578,022 among 2,656,690 nonprofits nationally (Top 98%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 51,086 out of 52,500 organizations in TN (Top 98%).
In shelby county, TN, the organization ranks 11,369 out of 12,814 nonprofits by assets (Top 89%), while locally in memphis, it stands at 9,894 among 10,368 organizations (Top 96%).
The organization reported no revenue in the most recent filing period, placing it at 2,028,470 nationally and 42,637 in TN.
Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, L&G FRANKLIN FOUNDATION ranks 29,721 in assets (Top 80%) and 29,274 in revenue (Top 79%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
08/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
