Civic Intelligence

Downtown Franklin Association

990 • Fiscal year 2016 • EIN 26-0011687

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

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

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

39th percentile

-0.8%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

41st percentile

-1.9%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

0.4%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$223,739

Down $4,395 (-1.9%) from 2015

Net Assets

Down

$223,033

Down $1,453 (-0.6%) from 2015

Liabilities

Down

$706

Down $2,942 (-81%) from 2015

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin39th percentile

Revenue

Up

$186,203

Up $755 (+0.4%) from 2015

Expenses

Down

$187,656

Down $4,416 (-2.3%) from 2015

Net Income

Up

-$1,453

Up $5,171 (+78%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2016

Assets$223,739
Liabilities$706
Net Assets$223,033
Open 2016 Filing

Operations Trend

Revenue Growth50th 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

2016

Revenue$186,203
Expenses$187,656
Net Income-$1,453
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$189,242
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$181,023$172,553▼ $8,470
Savings and Temporary Cash Investments$38,279$41,650▲ $3,371
Cash and Non-Interest-Bearing Accounts$8,832$9,536▲ $704
Total Assets$228,134$223,739▼ $4,395
Liabilities
Unsecured Notes Loans Payable$3,000--
Other Liabilities$648$706▲ $58
Total Liabilities$3,648$706▼ $2,942
Net Assets / Fund Balance
Unrestricted Net Assets$224,486$223,033▼ $1,453
Total Net Assets Fund Balance$224,486$223,033▼ $1,453
Total Liabilities and Net Assets / Fund Balance$228,134$223,739▼ $4,395

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$166,522$24,000$190,522
Equipment$6,031$62,974$69,005
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Bevery MyersPresident
Ashley CottonDirector
Cheryl SteppDirector
David PriceDirector
Frank RabilDirector
Jerry GrizzardDirector
Jim WrightDirector
Karry HarrellDirector
Kathy WorrellDirector
Roberta BowmanDirector
Scott SeddonDirector
Tim BradshawDirector
Dan HoweExecutive Di
Jackie NewsomeSecretary
Victor StoryTreasurer
Juanita RichardsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$119,297
Program Service Revenue
$66,266
Investment Income
$164
Other Revenue
$476
All Other Contributions
$8,000
Change in Net Assets
$-1,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,535
Salaries, Compensation, and Employee Benefits$14,647
Grants and Similar Amounts Paid$9,474
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$5,536$11,069-$16,605
Advertising$14,082--$14,082
Other Salaries and Wages$6,465$6,465-$12,930
Grants to Domestic Orgs$9,474--$9,474
Depreciation Depletion$7,910$563-$8,473
Other Expenses$7,123$48,539-$7,123
Occupancy$4,951--$4,951
Insurance$3,097--$3,097
Conferences and Meetings-$2,975-$2,975
Payroll Taxes$858$859-$1,717
Office Expenses$728$728-$1,456
Fees for Services Accounting-$500-$500
Fees for Services Legal-$125-$125
Total Functional Expenses$115,833$71,823$0$187,656
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$706
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
2016-11-08

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/Desc0SUMMER CONCERTS
IRS990/ProgramServiceRevenueGrp/Desc1FALL FESTIVAL
IRS990/ProgramServiceRevenueGrp/Desc2OTHER EVENTS
IRS990/ProgramServiceRevenueGrp/Desc3CHRISTMAS PARADE
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IRS990/ProgSrvcAccomActy2Grp/Desc0CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt019947
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt033473
IRS990/ProgSrvcAccomActy3Grp/Desc0STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt079291
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt032793
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0706
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0172553
IRS990ScheduleD/TotalLiabilityAmt0706
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
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IRS990/SignificantChangeInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0228134
IRS990/TotalAssetsEOYAmt0223739
IRS990/TotalAssetsGrp/BOYAmt0228134
IRS990/TotalAssetsGrp/EOYAmt0223739
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$223,739
Liabilities
$706
Net assets
$223,033
Revenue
$186,203
Expenses
$187,656
Net income
-$1,453
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