Civic Intelligence

Franklin-Southampton Economic Development Inc.

990 • Fiscal year 2018 • EIN 13-4311862

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 19, 2018

Organization ProfileWWW.FRANKLINSOUTHAMPTONVA.COM
601 N Mechanic Street No 300Franklin, VA 23851

(757) 562-1958

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

40th percentile

0.06x

Higher debt load relative to revenue than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

29th percentile

-4.0%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$99,959

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

44th percentile

-0.4%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

2.6%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$1,430,307

Down $5,298 (-0.4%) from 2017

Net Assets

Down

$1,404,366

Down $17,824 (-1.3%) from 2017

Liabilities

Up

$25,941

Up $12,526 (+93%) from 2017

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin29th percentile

Revenue

Up

$448,307

Up $11,404 (+2.6%) from 2017

Expenses

Down

$466,131

Down $26,608 (-5.4%) from 2017

Net Income

Up

-$17,824

Up $38,012 (+68%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,229,665Liabilities 2011: $0Net Assets 2011: $1,229,6652011Assets 2012: $1,186,018Liabilities 2012: $0Net Assets 2012: $1,186,0182012Assets 2013: $1,251,580Liabilities 2013: $0Net Assets 2013: $1,251,5802013Assets 2014: $1,417,099Liabilities 2014: $40,311Net Assets 2014: $1,376,7882014Assets 2015: $1,517,547Liabilities 2015: $67,503Net Assets 2015: $1,450,0442015Assets 2016: $1,525,929Liabilities 2016: $47,903Net Assets 2016: $1,478,0262016Assets 2017: $1,435,605Liabilities 2017: $13,415Net Assets 2017: $1,422,1902017Assets 2018: $1,430,307Liabilities 2018: $25,941Net Assets 2018: $1,404,3662018Assets 2019: $1,406,337Liabilities 2019: $31,195Net Assets 2019: $1,375,1422019Assets 2021: $1,359,596Liabilities 2021: $3Net Assets 2021: $1,359,5932021Assets 2022: $1,287,926Liabilities 2022: $24Net Assets 2022: $1,287,9022022Assets 2023: $1,240,197Liabilities 2023: $14,323Net Assets 2023: $1,225,8742023Assets 2024: $1,197,978Liabilities 2024: $18,479Net Assets 2024: $1,179,4992024Assets 2025: $1,093,648Liabilities 2025: $27,736Net Assets 2025: $1,065,9122025

Highlighted filing

2018

Assets$1,430,307
Liabilities$25,941
Net Assets$1,404,366
Open 2018 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $487,0322011Expenses 2012: $447,9172012Expenses 2013: $350,0282013Revenue 2014: $478,496Expenses 2014: $353,288Net Income 2014: $125,2082014Revenue 2015: $458,863Expenses 2015: $385,607Net Income 2015: $73,2562015Revenue 2016: $443,999Expenses 2016: $416,017Net Income 2016: $27,9822016Revenue 2017: $436,903Expenses 2017: $492,739Net Income 2017: -$55,8362017Revenue 2018: $448,307Expenses 2018: $466,131Net Income 2018: -$17,8242018Revenue 2019: $446,275Expenses 2019: $475,499Net Income 2019: -$29,2242019Revenue 2021: $703,357Expenses 2021: $596,732Net Income 2021: $106,6252021Revenue 2022: $406,765Expenses 2022: $478,456Net Income 2022: -$71,6912022Revenue 2023: $388,962Expenses 2023: $450,990Net Income 2023: -$62,0282023Revenue 2024: $449,138Expenses 2024: $495,513Net Income 2024: -$46,3752024Revenue 2025: $438,136Expenses 2025: $551,723Net Income 2025: -$113,5872025

Highlighted filing

2018

Revenue$448,307
Expenses$466,131
Net Income-$17,824
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 19, 2018
Return Version
2017v2.3
Gross Receipts
$448,307
Mission and Program Overview

Mission

47to diversify the economy, create high quality jobs, and provide a future for the families and youth of franklin and southampton county.

To promote, market, and oversee development activities for the city of franklin and southampton county

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,398,445$1,406,811▲ $8,366
Land, Buildings, and Equipment, Net$26,864$17,460▼ $9,404
Accounts Receivable$8,538$4,278▼ $4,260
Prepaid Expenses and Deferred Charges$1,758$1,758→ $0
Total Assets$1,435,605$1,430,307▼ $5,298
Liabilities
Accounts Payable and Accrued Expenses$13,415$25,941▲ $12,526
Total Liabilities$13,415$25,941▲ $12,526
Net Assets / Fund Balance
Unrestricted Net Assets$1,407,190$1,389,366▼ $17,824
Permanently Rstr Net Assets$15,000$15,000→ $0
Total Net Assets Fund Balance$1,422,190$1,404,366▼ $17,824
Total Liabilities and Net Assets / Fund Balance$1,435,605$1,430,307▼ $5,298

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,460$68,002$85,462
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda C JarrattPresidentFT$97,048$2,911$99,959

Board Members and Trustees

NameTitle
E Warren Beale JrChairman
C Harrell TurnerVice Chairman
Brian HedgepethDirector
Felicia W BlowSecretary
Harriet Bain DuckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$434,000
Program Service Revenue
$0
Investment Income
$13,929
Other Revenue
$378
All Other Contributions
$184,000
Change in Net Assets
$-17,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$448,307
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$448,307
Total Revenue per Form 990
$448,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$236,093
Other Expenses$230,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,953--$105,953
Current Officers, Directors, Trustees, and Key Employees$72,786$24,262-$97,048
Advertising$50,781--$50,781
Travel$32,966--$32,966
Fees for Services Accounting-$15,916-$15,916
Payroll Taxes$13,974$1,905-$15,879
Occupancy-$14,256-$14,256
Other Employee Benefits$10,146$1,383-$11,529
Office Expenses$5,588$5,591-$11,179
Depreciation Depletion$9,403--$9,403
Fees for Services Other-$7,463-$7,463
Conferences and Meetings$3,074$3,074-$6,148
Insurance$3,003$3,005-$6,008
Pension Plan Contributions$5,002$682-$5,684
Other Expenses$5,000--$5,000
Information Technology$3,459--$3,459
All Other Expenses-$265-$265
Total Functional Expenses$388,329$77,802$0$466,131

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$466,131
Total Expenses per Audited Statements$466,131
Total Expenses per Form 990$466,131
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization's audit committee reviews the form 990 prior to its filing.”

Form 990, Part VI, Section B, Line 12C

“Directors sign statements annually regarding compliance with the organization's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“On an annual basis the board reviews and approves the compensation of the organization's president.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Southampton Economic
EIN
13-4311862
Phone
7575621958
Address
601 N MECHANIC STREET NO 300, FRANKLIN, VA 23851

Signing Officer

Name
Amanda C Jarratt
Title
President
Phone
7575621958
Signed
2018-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda C Jarratt
Formed
2005
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
5
Employees
4
Volunteers
0

Preparer

Firm
Cavanaugh Nelson Plc
Address
999 WATERSIDE DRIVE SUITE 2250, NORFOLK, VA 23510
Preparer
Mark a Nelson
Phone
7575784900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization's management has evaluated the impact of fasb asc 740 to its financial statements and is not aware of any material uncertain tax positions as of june 30, 2017. The organization's annual tax returns (form 990) are generally subject to examination by authorities for a period of three years from the date they are filed and consequently, the organization's tax returns filed for the years ended june 30, 2017, 2016, and 2015 remain subject to examination.”

Raw XML AppendixShowing 400 of 402 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013415
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt025941
IRS990/AccountsReceivableGrp/BOYAmt08538
IRS990/AccountsReceivableGrp/EOYAmt04278
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE, MARKET, AND OVERSEE DEVELOPMENT ACTIVITIES FOR THE CITY OF FRANKLIN AND SOUTHAMPTON COUNTY
IRS990/AdvertisingGrp/ProgramServicesAmt050781
IRS990/AdvertisingGrp/TotalAmt050781
IRS990/AllOtherContributionsAmt0184000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0265
IRS990/AllOtherExpensesGrp/TotalAmt0265
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07575621958
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0601 N MECHANIC STREET NO 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRANKLIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023851
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt024262
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt072786
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt097048
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03074
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03074
IRS990/ConferencesMeetingsGrp/TotalAmt06148
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0434000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt013929
IRS990/CYOtherExpensesAmt0230038
IRS990/CYOtherRevenueAmt0378
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-17824
IRS990/CYSalariesCompEmpBnftPaidAmt0236093
IRS990/CYTotalExpensesAmt0466131
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0448307
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt09403
IRS990/DepreciationDepletionGrp/TotalAmt09403
IRS990/Desc0ACTIVITES TO PROMOTE THE ECONOMIC VITALITY OF FRANKLIN AND SOUTHAMPTON COUNTY INCLUDING:MARKET THE COMMUNITY'S ASSETS TO ATTACT NEW BUSINESSES WITH CAPITAL INVESTMENT AND OPPORTUNITIES FOR JOB CREATION, INCLUDING COORDINATING LOCAL AND STATE INCENTIVE PROGRAMS. PROVIDE TECHINCAL TRAINING AND ASSITANCE TO EXISTING BUSINESSES, INCLUDING OPERATION OF THE FRANKLIN BUSINESS CENTER. DEVELOP PROGRAMS TO FOSTER SMALL BUSINESS GROWTH AND ENTREPRENEURSHIP. CREATE AN ATMOSPHERE TO FOSTER TOURISM THAT WILL TAKE ADVANTAGE OF THE COMMUNITY'S EXISTING NATURAL AND HISTORIC ASSETS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0388329
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015916
IRS990/FeesForServicesAccountingGrp/TotalAmt015916
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07463
IRS990/FeesForServicesOtherGrp/TotalAmt07463
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt52911
IRS990/Form990PartVIISectionAGrp/PersonNm0E WARREN BEALE JR
IRS990/Form990PartVIISectionAGrp/PersonNm1HARRIET BAIN DUCK
IRS990/Form990PartVIISectionAGrp/PersonNm2FELICIA W BLOW
IRS990/Form990PartVIISectionAGrp/PersonNm3C HARRELL TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN HEDGEPETH
IRS990/Form990PartVIISectionAGrp/PersonNm5AMANDA C JARRATT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt597048
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0250000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0448307
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03459
IRS990/InformationTechnologyGrp/TotalAmt03459
IRS990/InsuranceGrp/ManagementAndGeneralAmt03005
IRS990/InsuranceGrp/ProgramServicesAmt03003
IRS990/InsuranceGrp/TotalAmt06008
IRS990/InvestmentIncomeGrp/ExclusionAmt013929
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013929
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt068002
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026864
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017460
IRS990/LandBldgEquipCostOrOtherBssAmt085462
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DIVERSIFY THE ECONOMY, CREATE HIGH QUALITY JOBS, AND PROVIDE A FUTURE FOR THE FAMILIES AND YOUTH OF FRANKLIN AND SOUTHAMPTON COUNTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01422190
IRS990/NetAssetsOrFundBalancesEOYAmt01404366
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt014256
IRS990/OccupancyGrp/TotalAmt014256
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05591
IRS990/OfficeExpensesGrp/ProgramServicesAmt05588
IRS990/OfficeExpensesGrp/TotalAmt011179
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01383
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010146
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011529
IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1HREDA MEMBERSHIP
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3DONATIONS/CONTRIBUTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt036813
IRS990/OtherExpensesGrp/ProgramServicesAmt125269
IRS990/OtherExpensesGrp/ProgramServicesAmt25112
IRS990/OtherExpensesGrp/ProgramServicesAmt35000
IRS990/OtherExpensesGrp/TotalAmt036813
IRS990/OtherExpensesGrp/TotalAmt125269
IRS990/OtherExpensesGrp/TotalAmt25112
IRS990/OtherExpensesGrp/TotalAmt35000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0378
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0378
IRS990/OtherRevenueTotalAmt0378
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0105953
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105953
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01905
IRS990/PayrollTaxesGrp/ProgramServicesAmt013974
IRS990/PayrollTaxesGrp/TotalAmt015879
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0682
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05002
IRS990/PensionPlanContributionsGrp/TotalAmt05684
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt015000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt015000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01758
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01758
IRS990/PrincipalOfficerNm0AMANDA C JARRATT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0425000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011605
IRS990/PYOtherExpensesAmt0248829
IRS990/PYOtherRevenueAmt0298
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-55836
IRS990/PYSalariesCompEmpBnftPaidAmt0243910
IRS990/PYTotalExpensesAmt0492739
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0436903
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17824
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01398445
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01406811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0434000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0425000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0428200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0443100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0465250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02195550
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt011605
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010331
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07122
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05828
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048815
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0378
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0298
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05468
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08641
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt07418
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022203
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66260
IRS990ScheduleA/PublicSupportPY170Pct00.65590
IRS990ScheduleA/PublicSupportTotal170Amt01501874
IRS990ScheduleA/SubstantialContributorsTotAmt0693676
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0434000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0425000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0428200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0443100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0465250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02195550
IRS990ScheduleA/TotalSupportAmt02266568
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt017460
IRS990ScheduleD/EquipmentGrp/DepreciationAmt068002
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085462
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0466131
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0448307
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF FASB ASC 740 TO ITS FINANCIAL STATEMENTS AND IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2017. THE ORGANIZATION'S ANNUAL TAX RETURNS (FORM 990) ARE GENERALLY SUBJECT TO EXAMINATION BY AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED AND CONSEQUENTLY, THE ORGANIZATION'S TAX RETURNS FILED FOR THE YEARS ENDED JUNE 30, 2017, 2016, AND 2015 REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017460
IRS990ScheduleD/TotalExpensesPerForm990Amt0466131
IRS990ScheduleD/TotalRevenuePerForm990Amt0448307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0448307
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0466131
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S AUDIT COMMITTEE REVIEWS THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS SIGN STATEMENTS ANNUALLY REGARDING COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON AN ANNUAL BASIS THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01435605
IRS990/TotalAssetsEOYAmt01430307
IRS990/TotalAssetsGrp/BOYAmt01435605
IRS990/TotalAssetsGrp/EOYAmt01430307
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0434000
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077802
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0388329
IRS990/TotalFunctionalExpensesGrp/TotalAmt0466131
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013415
IRS990/TotalLiabilitiesEOYAmt025941
IRS990/TotalLiabilitiesGrp/BOYAmt013415
IRS990/TotalLiabilitiesGrp/EOYAmt025941
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01422190
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01404366
IRS990/TotalOtherCompensationAmt02911
IRS990/TotalProgramServiceExpensesAmt0388329
IRS990/TotalReportableCompFromOrgAmt097048
IRS990/TotalRevenueGrp/ExclusionAmt014307
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0448307
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01435605
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01430307
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt032966
IRS990/TravelGrp/TotalAmt032966
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01407190
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01389366
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 N MECHANIC STREET SUITE 300
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023851
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FRANKLINSOUTHAMPTONVA.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMANDA C JARRATT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07575621958
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN SOUTHAMPTON ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0134311862
ReturnHeader/Filer/PhoneNum07575621958
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 N MECHANIC STREET NO 300
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023851
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA25FB2953D64D543F1B5B7634373238DCC75E50
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AF4A4793C83EBA0C02309C2BFD4775AC971671A5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.15.155.178
ReturnHeader/FilingSecurityInformation/IPDt02018-12-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm016:09:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541967771
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CAVANAUGH NELSON PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0999 WATERSIDE DRIVE SUITE 2250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023510
ReturnHeader/PreparerPersonGrp/PhoneNum07575784900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK A NELSON
ReturnHeader/ReturnTs02018-12-19T15:09:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,430,307
Liabilities
$25,941
Net assets
$1,404,366
Revenue
$448,307
Expenses
$466,131
Net income
-$17,824
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.09$0.03$1.07$0.44$0.55$0.11
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.02$1.18$0.45$0.50$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.01$1.23$0.39$0.45$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.41$0.48$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.00$1.36$0.70$0.60$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.03$1.38$0.45$0.48$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.03$1.40$0.45$0.47$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.42$0.44$0.49$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.05$1.48$0.44$0.42$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.07$1.45$0.46$0.39$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.04$1.38$0.48$0.35$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.00$1.25$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$0.49