Civic Intelligence

Downtown Franklin Association

990 • Fiscal year 2014 • EIN 26-0011687

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 12, 2014

Organization ProfileDOWNTOWNFRANKLINVA.ORG
120 S Main St23851

(757) 562-6900

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

73rd percentile

0.04x

Higher debt load relative to revenue than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

53rd percentile

4.5%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

51st percentile

2.3%

Faster asset growth than 51% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$238,684

Up $5,285 (+2.3%) from 2013

Net Assets

Up

$231,110

Up $9,310 (+4.2%) from 2013

Liabilities

Down

$7,574

Down $4,025 (-35%) from 2013

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin53rd percentile

Revenue

$207,766

No earlier filing loaded for comparison.

Expenses

Down

$198,456

Down $3,123 (-1.5%) from 2013

Net Income

$9,310

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$300K$200K$100K$0Assets 2012: $237,588Liabilities 2012: $15,663Net Assets 2012: $221,9252012Assets 2013: $233,399Liabilities 2013: $11,599Net Assets 2013: $221,8002013Assets 2014: $238,684Liabilities 2014: $7,574Net Assets 2014: $231,1102014Assets 2015: $228,134Liabilities 2015: $3,648Net Assets 2015: $224,4862015Assets 2016: $223,739Liabilities 2016: $706Net Assets 2016: $223,0332016Assets 2017: $265,227Liabilities 2017: $1,178Net Assets 2017: $264,0492017Assets 2018: $236,695Liabilities 2018: $901Net Assets 2018: $235,7942018Assets 2019: $205,334Liabilities 2019: $847Net Assets 2019: $204,4872019Assets 2020: $197,366Liabilities 2020: $695Net Assets 2020: $196,6712020Assets 2021: $178,609Liabilities 2021: $4,336Net Assets 2021: $174,2732021Assets 2022: $127,657Net Assets 2022: $127,6572022Assets 2023: $113,998Net Assets 2023: $113,9982023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2014

Assets$238,684
Liabilities$7,574
Net Assets$231,110
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KExpenses 2012: $216,9772012Expenses 2013: $201,5792013Revenue 2014: $207,766Expenses 2014: $198,456Net Income 2014: $9,3102014Revenue 2015: $185,448Expenses 2015: $192,072Net Income 2015: -$6,6242015Revenue 2016: $186,203Expenses 2016: $187,656Net Income 2016: -$1,4532016Revenue 2017: $267,559Expenses 2017: $226,543Net Income 2017: $41,0162017Revenue 2018: $221,371Expenses 2018: $249,626Net Income 2018: -$28,2552018Revenue 2019: $201,572Expenses 2019: $232,879Net Income 2019: -$31,3072019Revenue 2020: $172,782Expenses 2020: $180,598Net Income 2020: -$7,8162020Revenue 2021: $122,415Expenses 2021: $144,813Net Income 2021: -$22,3982021Revenue 2022: -$974Expenses 2022: $45,642Net Income 2022: -$46,6162022Revenue 2023: $2,958Expenses 2023: $16,617Net Income 2023: -$13,6592023Revenue 2024: $393Expenses 2024: $45,391Net Income 2024: -$44,9982024

Highlighted filing

2014

Revenue$207,766
Expenses$198,456
Net Income$9,310
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$211,855
Mission and Program Overview

Mission

To promote the historic district of franklin, va from an economic and aesthetic standpoint.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$199,777$190,969▼ $8,808
Savings and Temporary Cash Investments$14,322$38,351▲ $24,029
Cash and Non-Interest-Bearing Accounts$19,301$9,364▼ $9,937
Total Assets$233,400$238,684▲ $5,284
Liabilities
Unsecured Notes Loans Payable$11,000$7,000▼ $4,000
Other Liabilities$600$574▼ $26
Total Liabilities$11,600$7,574▼ $4,026
Net Assets / Fund Balance
Unrestricted Net Assets$221,800$231,110▲ $9,310
Total Net Assets Fund Balance$221,800$231,110▲ $9,310
Total Liabilities and Net Assets / Fund Balance$233,400$238,684▲ $5,284

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$176,292$14,230$190,522
Equipment$14,677$54,328$69,005
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Pam EllisPresident
Anne WilliamsDirector
Cheryl SteppDirector
Frank RabilDirector
Jackie NewsomeDirector
Jim CouncillDirector
Juanita RichardsDirector
Karry HarrellDirector
Nancy ParrishDirector
Patti RabilDirector
Stan RichDirector
Tim BradshawDirector
Kathy WorrellSecretary
Bevery MyersTreasurer
Victor StoryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$142,175
Program Service Revenue
$66,653
Investment Income
$135
Other Revenue
$-1,197
All Other Contributions
$26,098
Change in Net Assets
$9,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,084
Grants and Similar Amounts Paid$21,985
Salaries, Compensation, and Employee Benefits$10,387
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,985--$21,985
All Other Expenses$2,168$11,864-$14,032
Depreciation Depletion$11,794$1,509-$13,303
Advertising$13,233--$13,233
Other Salaries and Wages$4,824$4,825-$9,649
Occupancy$7,428--$7,428
Insurance$4,512--$4,512
Other Expenses$3,453$43,585-$3,453
Fees for Services Accounting-$3,350-$3,350
Office Expenses$1,116$767-$1,883
Conferences and Meetings-$1,838-$1,838
Payroll Taxes$369$369-$738
Fees for Services Legal-$150-$150
Total Functional Expenses$130,199$68,257$0$198,456
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
54-0735234--Facade$7,500
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
Payroll Liabilities$574
Rounding-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes
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, Page 6, Part VI, Line 11B

“Governing body will review form 990 during the annual board meeting.”

Form 990, Page 6, Part VI, Line 15A

“The compensation for the executive director is determined by the city of franklin and is included in the funding received by the city.”

Form 990, Page 6, Part VI, Line 15B

“There are no other compensated officers or key employees besides the director.”

Form 990, Page 6, Part VI, Line 19

“Copies of governing documents made upon request.”

Filing and Contact Details

Filer

EIN
26-0011687
Phone
7575626900

Signing Officer

Name
Dan Howe
Title
Executive Director
Phone
7575626900
Signed
2014-11-12

Organization Details

Principal Officer
Dan Howe
Formed
2001
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
28

Preparer

Preparer
Julie C Griggs CPA
Phone
7575698156
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Establish consensus and cooperation by building effective partnerships among all downtown stakeholders.”

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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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123935
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211412
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31630
IRS990/ProgSrvcAccomActy2Grp/Desc0CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024137
IRS990/ProgSrvcAccomActy3Grp/Desc0STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt084073
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0134515
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt04668
IRS990/PYInvestmentIncomeAmt032
IRS990/PYOtherExpensesAmt0181843
IRS990/PYOtherRevenueAmt01675
IRS990/PYProgramServiceRevenueAmt065232
IRS990/PYRevenuesLessExpensesAmt0-125
IRS990/PYSalariesCompEmpBnftPaidAmt015068
IRS990/PYTotalExpensesAmt0201579
IRS990/PYTotalRevenueAmt0201454
IRS990/ReconcilationRevenueExpnssAmt09310
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014322
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt083094
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt075778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt057452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt054055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0338709
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt030000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0135
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt064
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0493
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0906
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt069545
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97160
IRS990ScheduleA/PublicSupportPY170Pct00.97570
IRS990ScheduleA/PublicSupportTotal170Amt0630764
IRS990ScheduleA/SubstantialContributorsTotAmt017516
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt059081
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt058737
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt050937
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt054076
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt056740
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0279571
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0148175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0140515
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0114389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0128406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0116795
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0648280
IRS990ScheduleA/TotalSupportAmt0649186
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0176292
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014230
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190522
IRS990ScheduleD/EquipmentGrp/BookValueAmt014677
IRS990ScheduleD/EquipmentGrp/DepreciationAmt054328
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt069005
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ROUNDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0190969
IRS990ScheduleD/TotalLiabilityAmt0574
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FACADE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10CITY OF FRANKLIN
IRS990ScheduleI/RecipientTable/RecipientEIN0540735234
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10207 W SECOND AVE
IRS990ScheduleI/RecipientTable/USAddress/City0FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/State0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode023851
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BODY WILL REVIEW FORM 990 DURING THE ANNUAL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE CITY OF FRANKLIN AND IS INCLUDED IN THE FUNDING RECEIVED BY THE CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES BESIDES THE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF GOVERNING DOCUMENTS MADE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0233400
IRS990/TotalAssetsEOYAmt0238684
IRS990/TotalAssetsGrp/BOYAmt0233400
IRS990/TotalAssetsGrp/EOYAmt0238684
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0142175

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$238,684
Liabilities
$7,574
Net assets
$231,110
Revenue
$207,766
Expenses
$198,456
Net income
$9,310
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.45$0.45
2023Detailed filing. Detailed filing data is available for this year.$1.14$1.14$0.03$0.17$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.28$1.28$0.01$0.46$0.47
2021Detailed filing. Detailed filing data is available for this year.$1.79$0.04$1.74$1.22$1.45$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.97$0.01$1.97$1.73$1.81$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.05$0.01$2.04$2.02$2.33$0.31
2018Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.36$2.21$2.50$0.28
2017Detailed filing. Detailed filing data is available for this year.$2.65$0.01$2.64$2.68$2.27$0.41
2016Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$1.86$1.88$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.28$0.04$2.24$1.85$1.92$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.39$0.08$2.31$2.08$1.98$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.12$2.22$2.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.16$2.22$2.17