Civic Intelligence

Downtown Franklin Association

990 • Fiscal year 2018 • EIN 26-0011687

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 13, 2018

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

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-17%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$236,695

Down $28,532 (-11%) from 2017

Net Assets

Down

$235,794

Down $28,255 (-11%) from 2017

Liabilities

Down

$901

Down $277 (-24%) from 2017

Revenue

Down

$221,371

Down $46,188 (-17%) from 2017

Expenses

Up

$249,626

Up $23,083 (+10%) from 2017

Net Income

Down

-$28,255

Down $69,271 (-169%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$236,695
Liabilities$901
Net Assets$235,794

Operations Trend

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

2018

Revenue$221,371
Expenses$249,626
Net Income-$28,255
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$224,357
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$165,045$158,061▼ $6,984
Savings and Temporary Cash Investments$97,047$75,498▼ $21,549
Cash and Non-Interest-Bearing Accounts$3,135$3,136▲ $1
Total Assets$265,227$236,695▼ $28,532
Liabilities
Other Liabilities$1,178$901▼ $277
Total Liabilities$1,178$901▼ $277
Net Assets / Fund Balance
Unrestricted Net Assets$264,049$235,794▼ $28,255
Total Net Assets Fund Balance$264,049$235,794▼ $28,255
Total Liabilities and Net Assets / Fund Balance$265,227$236,695▼ $28,532

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$156,752$33,770$190,522
Other Land Buildings-$40,670$40,670
Equipment$1,309$27,026$28,335
Compensation and Service Providers

Board Members and Trustees

NameTitle
David PricePresident
Adam FoxwellDirector
Ashley CottonDirector
Bevery MyersDirector
Bobby TylerDirector
Frank RabilDirector
Jackie NewsomeDirector
Jerry GrizzardDirector
Juanita RichardsDirector
Shawtaka LankfordDirector
Sidney WilsonDirector
Victor StoryDirector
Dan HoweExecutive Di
Jim WrightSecretary
Beneta CofieldTreasurer
Cheryl SteppVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$134,028
Program Service Revenue
$87,243
Investment Income
$356
Other Revenue
$-256
All Other Contributions
$22,188
Change in Net Assets
$-28,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,982
Grants and Similar Amounts Paid$55,459
Salaries, Compensation, and Employee Benefits$19,185
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$55,459--$55,459
All Other Expenses$7,878$11,869-$19,747
Other Salaries and Wages$8,911$8,911-$17,822
Advertising$17,688--$17,688
Depreciation Depletion$6,984--$6,984
Other Expenses$6,704$50,052-$6,704
Occupancy$4,957--$4,957
Conferences and Meetings-$3,086-$3,086
Office Expenses$1,004$1,005-$2,009
Insurance$1,714--$1,714
Fees for Services Accounting-$1,369-$1,369
Payroll Taxes$681$682-$1,363
Fees for Services Legal-$125-$125
Total Functional Expenses$172,527$77,099$0$249,626
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Taylormade FitnessFranklin, VA-Business Development$20,449
Main EventFranklin, VA-Business Development$13,770
Franklin Seafood & Steak HouseFranklin, VA-Business Development$6,200
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$901
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, va and is included as a part of the funding received from the city, however he is an employee of the city of franklin and the payroll is not reflected as part of this return.

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
2018-11-13

Organization Details

Principal Officer
Dan Howe
Formed
2001
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
28

Preparer

Firm
Burgess & Co Pc Cpas
Address
PO BOX 634, FRANKLIN, VA 23851
Preparer
Brenton D Burgess 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
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058773
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114856
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212013
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31601
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058773
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212013
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31601
IRS990/ProgSrvcAccomActy2Grp/Desc0CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt021310
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt058773
IRS990/ProgSrvcAccomActy3Grp/Desc0STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt094625
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt028470
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0186828
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt019052
IRS990/PYInvestmentIncomeAmt0174
IRS990/PYOtherExpensesAmt0191918
IRS990/PYOtherRevenueAmt0-77
IRS990/PYProgramServiceRevenueAmt080634
IRS990/PYRevenuesLessExpensesAmt041016
IRS990/PYSalariesCompEmpBnftPaidAmt015573
IRS990/PYTotalExpensesAmt0226543
IRS990/PYTotalRevenueAmt0267559
IRS990/ReconcilationRevenueExpnssAmt0-28255
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt097047
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt082188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0134500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt063000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt071000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt083094
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0433782
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt030000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0270
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01099
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt089973
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94560
IRS990ScheduleA/PublicSupportPY170Pct00.91610
IRS990ScheduleA/PublicSupportTotal170Amt0726869
IRS990ScheduleA/SubstantialContributorsTotAmt08252
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt051840
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt052328
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt056297
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt051793
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt059081
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0271339
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0140028
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0192828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0125297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0128793
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0148175
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0735121
IRS990ScheduleA/TotalSupportAmt0768693
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt032473
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt032473
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0156752
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033770
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190522
IRS990ScheduleD/EquipmentGrp/BookValueAmt01309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028335
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt040670
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0158061
IRS990ScheduleD/TotalLiabilityAmt0901
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt06200
IRS990ScheduleI/RecipientTable/CashGrantAmt113770
IRS990ScheduleI/RecipientTable/CashGrantAmt220449
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BUSINESS DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1BUSINESS DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2BUSINESS DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FRANKLIN SEAFOOD & STEAK HOUSE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MAIN EVENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TAYLORMADE FITNESS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0103 N MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1110 MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2101 E JACKSON ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm2FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023851
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123851
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223851
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DOMESTIC ORGANIZATION GRANTS - GRANTEES ARE REQUIRED TO PROVIDE DOCUMENTATION OF ELIGIBLE COSTS PRIOR TO ORGANIZATION PAYING ANY GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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, VA AND IS INCLUDED AS A PART OF THE FUNDING RECEIVED FROM THE CITY, HOWEVER HE IS AN EMPLOYEE OF THE CITY OF FRANKLIN AND THE PAYROLL IS NOT REFLECTED AS PART OF THIS RETURN.
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

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