Civic Intelligence

Franklin-Southampton Economic Development Inc.

990 • Fiscal year 2025 • EIN 13-4311862

Jul 01, 2024 to Jun 30, 2025 • Filed on Jan 21, 2026

Organization ProfileWWW.FRANKLINSOUTHAMPTONVA.COM
601 N Mechanic Street 300Franklin, VA 23851

(757) 562-1958

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

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

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

9th percentile

-26%

Higher net margin than 9% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

67th percentile

$99,910

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

14th percentile

-8.7%

Faster asset growth than 14% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

31st percentile

-2.4%

Faster revenue growth than 31% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$1,093,648

Down $104,330 (-8.7%) from 2024

Net Assets

Down

$1,065,912

Down $113,587 (-9.6%) from 2024

Liabilities

Up

$27,736

Up $9,257 (+50%) from 2024

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin9th percentile

Revenue

Down

$438,136

Down $11,002 (-2.4%) from 2024

Expenses

Up

$551,723

Up $56,210 (+11%) from 2024

Net Income

Down

-$113,587

Down $67,212 (-145%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2025

Assets$1,093,648
Liabilities$27,736
Net Assets$1,065,912
Open 2025 Filing

Operations Trend

Revenue Growth31st 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

2025

Revenue$438,136
Expenses$551,723
Net Income-$113,587
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 21, 2026
Return Version
2024v5.5
Gross Receipts
$438,136
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$811,721$860,391▲ $48,670
Investments in Publicly Traded Securities$257,087$168,606▼ $88,481
Cash and Non-Interest-Bearing Accounts$74,772$25,164▼ $49,608
Land, Buildings, and Equipment, Net$31,093$24,143▼ $6,950
Prepaid Expenses and Deferred Charges$9,049$1,088▼ $7,961
Total Assets$1,197,978$1,093,648▼ $104,330
Other Assets Total$14,256$14,256→ $0
Liabilities
Other Liabilities$14,256$14,256→ $0
Accounts Payable and Accrued Expenses$4,223$13,480▲ $9,257
Total Liabilities$18,479$27,736▲ $9,257
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,164,499$1,043,414▼ $121,085
Net Assets With Donor Restrictions$15,000$22,498▲ $7,498
Total Net Assets Fund Balance$1,179,499$1,065,912▼ $113,587
Total Liabilities and Net Assets / Fund Balance$1,197,978$1,093,648▼ $104,330

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,143$100,962$125,105
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karl HeckPresidentFT$97,000$2,910$99,910

Board Members and Trustees

NameTitle
Meghan CouncillChairman
Brian HedgepethVice Chairman
Will HoltDirector
Robert PopeSecretary
Marshall RabilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$398,750
Program Service Revenue
$0
Investment Income
$39,136
Other Revenue
$250
All Other Contributions
$198,750
Change in Net Assets
$-113,587

Audited Revenue Reconciliation

Revenue per Audited Statements
$438,136
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$438,136
Total Revenue per Form 990
$438,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$292,252
Other Expenses$259,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,834--$131,834
Current Officers, Directors, Trustees, and Key Employees$72,750$24,250-$97,000
Other Employee Benefits$34,582$4,716-$39,298
Fees for Services Accounting-$21,020-$21,020
Information Technology$17,336$1,159-$18,495
Payroll Taxes$15,809$2,156-$17,965
Office Expenses$8,456$8,456-$16,912
Travel$16,910--$16,910
Advertising$15,343--$15,343
Occupancy-$14,256-$14,256
Depreciation Depletion$6,950--$6,950
Pension Plan Contributions$5,416$739-$6,155
Other Expenses$5,000--$5,000
Conferences and Meetings$1,963$1,963-$3,926
Insurance$1,897$1,897-$3,794
All Other Expenses-$450-$450
Fees for Services Other-$217-$217
Total Functional Expenses$470,444$81,279$0$551,723

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$551,723
Total Expenses per Audited Statements$551,723
Total Expenses per Form 990$551,723
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$14,256
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 300, FRANKLIN, VA 23851

Signing Officer

Name
Karl Heck
Title
President
Phone
7575621958
Signed
2026-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Heck
Formed
2005
Legal Domicile
Va
Voting Board Members
5
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:

“This 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, 2025. 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, 2024, 2023, and 2022 remain subject to examination.”

Raw XML AppendixShowing 400 of 414 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.

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IRS990/PYTotalExpensesAmt0495513
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0449138
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-113587
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0811721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0860391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0398750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0411500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0378000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0377000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0694785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02260035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010361
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016007
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07939
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0110541
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0540
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0600
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt013758
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0633
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015781
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59870
IRS990ScheduleA/PublicSupportPY170Pct00.65170
IRS990ScheduleA/PublicSupportTotal170Amt01428670
IRS990ScheduleA/SubstantialContributorsTotAmt0831365
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0398750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0411500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0378000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0377000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0694785
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02260035
IRS990ScheduleA/TotalSupportAmt02386357
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt024143
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100962
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125105
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0551723
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0438136
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, 2025. 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, 2024, 2023, AND 2022 REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024143
IRS990ScheduleD/TotalExpensesPerForm990Amt0551723
IRS990ScheduleD/TotalLiabilityAmt014256
IRS990ScheduleD/TotalRevenuePerForm990Amt0438136
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0438136
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0551723
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/ExplanationTxt4THIS 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01093648
IRS990/TotalAssetsGrp/BOYAmt01197978
IRS990/TotalAssetsGrp/EOYAmt01093648
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0398750
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081279
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470444
IRS990/TotalFunctionalExpensesGrp/TotalAmt0551723
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018479
IRS990/TotalLiabilitiesEOYAmt027736
IRS990/TotalLiabilitiesGrp/BOYAmt018479
IRS990/TotalLiabilitiesGrp/EOYAmt027736
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01179499
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01065912
IRS990/TotalOtherCompensationAmt02910
IRS990/TotalProgramServiceExpensesAmt0470444
IRS990/TotalReportableCompFromOrgAmt097000
IRS990/TotalRevenueGrp/ExclusionAmt039136
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438136
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01197978
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01093648
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt016910
IRS990/TravelGrp/TotalAmt016910
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 N MECHANIC STREET SUITE 300
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023851
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FRANKLINSOUTHAMPTONVA.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KARL HECK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07575621958
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-21
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 300
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023851

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,093,648
Liabilities
$27,736
Net assets
$1,065,912
Revenue
$438,136
Expenses
$551,723
Net income
-$113,587
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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