Civic Intelligence

Downtown Franklin Association

990 • Fiscal year 2015 • EIN 26-0011687

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

Organization ProfileDOWNTOWNFRANKLINVA.ORG
120 S Main StFranklin, VA 23851

(757) 562-6900

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.02x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

32nd percentile

-3.6%

Higher net margin than 32% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

36th percentile

-4.4%

Faster asset growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

33rd percentile

-11%

Faster revenue growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$228,134

Down $10,550 (-4.4%) from 2014

Net Assets

Down

$224,486

Down $6,624 (-2.9%) from 2014

Liabilities

Down

$3,648

Down $3,926 (-52%) from 2014

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin32nd percentile

Revenue

Down

$185,448

Down $22,318 (-11%) from 2014

Expenses

Down

$192,072

Down $6,384 (-3.2%) from 2014

Net Income

Down

-$6,624

Down $15,934 (-171%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2015

Assets$228,134
Liabilities$3,648
Net Assets$224,486
Open 2015 Filing

Operations Trend

Revenue Growth33rd percentile

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

2015

Revenue$185,448
Expenses$192,072
Net Income-$6,624
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$188,770
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$190,969$181,023▼ $9,946
Savings and Temporary Cash Investments$38,351$38,279▼ $72
Cash and Non-Interest-Bearing Accounts$9,364$8,832▼ $532
Total Assets$238,684$228,134▼ $10,550
Liabilities
Unsecured Notes Loans Payable$7,000$3,000▼ $4,000
Other Liabilities$574$648▲ $74
Total Liabilities$7,574$3,648▼ $3,926
Net Assets / Fund Balance
Unrestricted Net Assets$231,110$224,486▼ $6,624
Total Net Assets Fund Balance$231,110$224,486▼ $6,624
Total Liabilities and Net Assets / Fund Balance$238,684$228,134▼ $10,550

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$171,407$19,115$190,522
Equipment$9,616$59,389$69,005
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Roberta BowmanPresident
Cheryl SteppDirector
Frank RabilDirector
Jackie NewsomeDirector
Jim CouncillDirector
Jim WilliamsDirector
Karry HarrellDirector
Nancy ParrishDirector
Tim BradshawDirector
David PriceTrustee/dire
Kathy Worrell-
Victor Story-
Bevery MyersSecretary
Jim WrightTreasurer
Juanita RichardsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$122,793
Program Service Revenue
$61,846
Investment Income
$270
Other Revenue
$539
All Other Contributions
$16,000
Change in Net Assets
$-6,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,863
Salaries, Compensation, and Employee Benefits$13,738
Grants and Similar Amounts Paid$10,471
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$5,569$10,501-$16,070
Advertising$14,808--$14,808
Other Salaries and Wages$6,213$6,213-$12,426
Grants to Domestic Orgs$10,471--$10,471
Depreciation Depletion$8,616$1,327-$9,943
Other Expenses$6,806$45,360-$6,806
Occupancy$5,453--$5,453
Insurance$4,751--$4,751
Conferences and Meetings-$3,802-$3,802
Fees for Services Accounting-$2,000-$2,000
Payroll Taxes$656$656-$1,312
Office Expenses$643$643-$1,286
Fees for Services Legal-$150-$150
Total Functional Expenses$121,420$70,652$0$192,072
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$648
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

Filer Name
Downtown Franklin Association
EIN
26-0011687
Phone
7575626900
Address
120 S MAIN ST, FRANKLIN, VA 23851

Signing Officer

Name
Dan Howe
Title
Executive Director
Phone
7575626900
Signed
2015-11-16

Organization Details

Principal Officer
Dan Howe
Formed
2001
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
28

Preparer

Firm
Burgess & Co Pc Cpas
Address
PO BOX 634, FRANKLIN, VA 23851
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/RelatedOrExemptFuncIncomeAmt31135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032983
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31135
IRS990/ProgSrvcAccomActy2Grp/Desc0CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022349
IRS990/ProgSrvcAccomActy3Grp/Desc0STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt081793
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0142175
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt021985
IRS990/PYInvestmentIncomeAmt0135
IRS990/PYOtherExpensesAmt0166084
IRS990/PYOtherRevenueAmt0-1197
IRS990/PYProgramServiceRevenueAmt066653
IRS990/PYRevenuesLessExpensesAmt09310
IRS990/PYSalariesCompEmpBnftPaidAmt010387
IRS990/PYTotalExpensesAmt0198456
IRS990/PYTotalRevenueAmt0207766
IRS990/ReconcilationRevenueExpnssAmt0-6624
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038351
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt071000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt083094
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt075778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt057452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt068330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0355654
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt030000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0270
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0135
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt064
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0182
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0683
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt065707
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93910
IRS990ScheduleA/PublicSupportPY170Pct00.97160
IRS990ScheduleA/PublicSupportTotal170Amt0620716
IRS990ScheduleA/SubstantialContributorsTotAmt039562
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt051793
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt059081
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt058737
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt050937
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt054076
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0274624
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0128793
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0148175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0140515
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0114389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0128406
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0660278
IRS990ScheduleA/TotalSupportAmt0660961
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/BookValueAmt0171407
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019115
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190522
IRS990ScheduleD/EquipmentGrp/BookValueAmt09616
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059389
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt069005
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0648
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0181023
IRS990ScheduleD/TotalLiabilityAmt0648
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/TotalAssetsBOYAmt0238684
IRS990/TotalAssetsEOYAmt0228134
IRS990/TotalAssetsGrp/BOYAmt0238684
IRS990/TotalAssetsGrp/EOYAmt0228134
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0122793
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt070652
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121420
IRS990/TotalFunctionalExpensesGrp/TotalAmt0192072
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07574
IRS990/TotalLiabilitiesEOYAmt03648
IRS990/TotalLiabilitiesGrp/BOYAmt07574
IRS990/TotalLiabilitiesGrp/EOYAmt03648
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0231110
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0224486

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$228,134
Liabilities
$3,648
Net assets
$224,486
Revenue
$185,448
Expenses
$192,072
Net income
-$6,624
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • <$500k nonprofits