Civic Intelligence

Downtown Franklin Association

990 • Fiscal year 2020 • EIN 26-0011687

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 16, 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

34th percentile

-4.5%

Higher net margin than 34% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$72,655

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 42.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

35th percentile

-3.9%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

-14%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$197,366

Down $7,968 (-3.9%) from 2019

Net Assets

Down

$196,671

Down $7,816 (-3.8%) from 2019

Liabilities

Down

$695

Down $152 (-18%) from 2019

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin34th percentile

Revenue

Down

$172,782

Down $28,790 (-14%) from 2019

Expenses

Down

$180,598

Down $52,281 (-22%) from 2019

Net Income

Up

-$7,816

Up $23,491 (+75%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2020

Assets$197,366
Liabilities$695
Net Assets$196,671
Open 2020 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

2020

Revenue$172,782
Expenses$180,598
Net Income-$7,816
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$175,952
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$152,436$147,481▼ $4,955
Savings and Temporary Cash Investments$49,762$46,654▼ $3,108
Cash and Non-Interest-Bearing Accounts$3,136$3,231▲ $95
Total Assets$205,334$197,366▼ $7,968
Liabilities
Other Liabilities$847$695▼ $152
Total Liabilities$847$695▼ $152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$204,487$196,671▼ $7,816
Total Net Assets Fund Balance$204,487$196,671▼ $7,816
Total Liabilities and Net Assets / Fund Balance$205,334$197,366▼ $7,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$146,981$43,541$190,522
Equipment$100$27,445$27,545
Other Land Buildings$400$20,130$20,530
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Dan HoweExecutive DiFT$72,655$72,655

Board Members and Trustees

NameTitle
Victor StaryPresident
Allie VargoDirector
Ashley CovingtonDirector
Barbara NixonDirector
Brigitte BradshawDirector
Frank RabilDirector
Kelly BowersDirector
Megan BellDirector
Sidney WilsonDirector
Waunda TurnerDirector
Witt HarperDirector
Jim WrightSecretary
Beneta CofieldTreasurer
Jackie NewsomeVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$140,731
Program Service Revenue
$31,663
Investment Income
$573
Other Revenue
$-185
All Other Contributions
$24,463
Change in Net Assets
$-7,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,675
Grants and Similar Amounts Paid$31,137
Salaries, Compensation, and Employee Benefits$13,786
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$31,137--$31,137
Advertising$13,111--$13,111
Other Salaries and Wages$6,403$6,403-$12,806
All Other Expenses$2,957$6,012-$8,969
Depreciation Depletion$5,455--$5,455
Fees for Services Accounting-$4,513-$4,513
Occupancy$3,919--$3,919
Other Expenses$6,606$3,005-$3,005
Office Expenses$1,149$1,150-$2,299
Conferences and Meetings-$1,720-$1,720
Insurance$1,383--$1,383
Payroll Taxes$490$490-$980
Fees for Services Legal-$275-$275
Total Functional Expenses$102,539$78,059$0$180,598
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$695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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
Beneta Cofield
Title
Treasurer
Phone
7575626900
Signed
2020-11-16

Organization Details

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

Preparer

Firm
Burgess & Co Plc 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.”

Raw XML AppendixShowing 400 of 472 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE THE HISTORIC DISTRICT OF FRANKLIN, VA FROM AN ECONOMIC AND AESTHETIC STANDPOINT.
IRS990/AdvertisingGrp/ProgramServicesAmt013111
IRS990/AdvertisingGrp/TotalAmt013111
IRS990/AllOtherContributionsAmt024463
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06012
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02957
IRS990/AllOtherExpensesGrp/TotalAmt08969
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BooksInCareOfDetail/PersonNm0DAN HOWE
IRS990/BooksInCareOfDetail/PhoneNum07575626900
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0120 S MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRANKLIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023851
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03136
IRS990/CashNonInterestBearingGrp/EOYAmt03231
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01720
IRS990/ConferencesMeetingsGrp/TotalAmt01720
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt03170
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0140731
IRS990/CYGrantsAndSimilarPaidAmt031137
IRS990/CYInvestmentIncomeAmt0573
IRS990/CYOtherExpensesAmt0135675
IRS990/CYOtherRevenueAmt0-185
IRS990/CYProgramServiceRevenueAmt031663
IRS990/CYRevenuesLessExpensesAmt0-7816
IRS990/CYSalariesCompEmpBnftPaidAmt013786
IRS990/CYTotalExpensesAmt0180598
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0172782
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05455
IRS990/DepreciationDepletionGrp/TotalAmt05455
IRS990/Desc0ENHANCE THE UNIQUE VISUAL QUALITY OF DOWNTOWN FRANKLIN, VA BY ADDRESSING ALL DESIGN ELEMENTS TO CREATE AN APPEALING ENVIRONMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt033295
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04513
IRS990/FeesForServicesAccountingGrp/TotalAmt04513
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0275
IRS990/FeesForServicesLegalGrp/TotalAmt0275
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt035.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt113.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt123.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt145.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt021818
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0DAN HOWE
IRS990/Form990PartVIISectionAGrp/PersonNm1MEGAN BELL
IRS990/Form990PartVIISectionAGrp/PersonNm2KELLY BOWERS
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIGITTE BRADSHAW
IRS990/Form990PartVIISectionAGrp/PersonNm4ASHLEY COVINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm5WITT HARPER
IRS990/Form990PartVIISectionAGrp/PersonNm6BARBARA NIXON
IRS990/Form990PartVIISectionAGrp/PersonNm7FRANK RABIL
IRS990/Form990PartVIISectionAGrp/PersonNm8WAUNDA TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm9ALLIE VARGO
IRS990/Form990PartVIISectionAGrp/PersonNm10SIDNEY WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm11BENETA COFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm12JACKIE NEWSOME
IRS990/Form990PartVIISectionAGrp/PersonNm13VICTOR STARY
IRS990/Form990PartVIISectionAGrp/PersonNm14JIM WRIGHT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt050837
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0400
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0116268
IRS990/GrantAmt031137
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt031137
IRS990/GrantsToDomesticOrgsGrp/TotalAmt031137
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0400
IRS990/GrossReceiptsAmt0175952
IRS990/GrossSalesOfInventoryAmt02985
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01383
IRS990/InsuranceGrp/TotalAmt01383
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0173
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0173
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt091116
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0152436
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0147481
IRS990/LandBldgEquipCostOrOtherBssAmt0238597
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THE HISTORIC DISTRICT OF FRANKLIN, VA FROM AN ECONOMIC AND AESTHETIC STANDPOINT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0204487
IRS990/NetAssetsOrFundBalancesEOYAmt0196671
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0400
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0400
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-185
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-185
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0204487
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0196671
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt03919
IRS990/OccupancyGrp/TotalAmt03919
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01150
IRS990/OfficeExpensesGrp/ProgramServicesAmt01149
IRS990/OfficeExpensesGrp/TotalAmt02299
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0LEASED EMPLOYEE EXPENSE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054491
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13005
IRS990/OtherExpensesGrp/ProgramServicesAmt018164
IRS990/OtherExpensesGrp/ProgramServicesAmt111765
IRS990/OtherExpensesGrp/ProgramServicesAmt26606
IRS990/OtherExpensesGrp/TotalAmt072655
IRS990/OtherExpensesGrp/TotalAmt111765
IRS990/OtherExpensesGrp/TotalAmt26606
IRS990/OtherExpensesGrp/TotalAmt33005
IRS990/OtherLiabilitiesGrp/BOYAmt0847
IRS990/OtherLiabilitiesGrp/EOYAmt0695
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06403
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06403
IRS990/OtherSalariesAndWagesGrp/TotalAmt012806
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0490
IRS990/PayrollTaxesGrp/ProgramServicesAmt0490
IRS990/PayrollTaxesGrp/TotalAmt0980
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BENETA COFIELD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0SUMMER CONCERTS
IRS990/ProgramServiceRevenueGrp/Desc1FALL FESTIVAL
IRS990/ProgramServiceRevenueGrp/Desc2OTHER EVENTS
IRS990/ProgramServiceRevenueGrp/Desc3CHRISTMAS PARADE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015514
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112965
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112965
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3584
IRS990/ProgSrvcAccomActy2Grp/Desc0CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt016271
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015514
IRS990/ProgSrvcAccomActy3Grp/Desc0STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt052873
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt016149
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0100
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0128961
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt051786
IRS990/PYInvestmentIncomeAmt0143
IRS990/PYOtherExpensesAmt0166285
IRS990/PYOtherRevenueAmt01481
IRS990/PYProgramServiceRevenueAmt070987
IRS990/PYRevenuesLessExpensesAmt0-31307
IRS990/PYSalariesCompEmpBnftPaidAmt014808
IRS990/PYTotalExpensesAmt0232879
IRS990/PYTotalRevenueAmt0201572
IRS990/ReconcilationRevenueExpnssAmt0-7816
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049762
IRS990/SavingsAndTempCashInvstGrp/EOYAmt046654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt091000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt076617
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt082188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0134500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt063000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0447305
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt030000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0143
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0164
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01010
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0200824
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95660
IRS990ScheduleA/PublicSupportPY170Pct00.95560
IRS990ScheduleA/PublicSupportTotal170Amt0738882
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt048768
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt052344
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt051840
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt052328
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt056297
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0261577
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0145768
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0134961
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0140028
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0192828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0125297
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0738882
IRS990ScheduleA/TotalSupportAmt0772365
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt032473
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt032473
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/BookValueAmt0146981
IRS990ScheduleD/BuildingsGrp/DepreciationAmt043541
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0190522
IRS990ScheduleD/EquipmentGrp/BookValueAmt0100
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027445
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027545
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0400
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020130
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0695
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0147481
IRS990ScheduleD/TotalLiabilityAmt0695
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
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0205334
IRS990/TotalAssetsEOYAmt0197366

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$197,366
Liabilities
$695
Net assets
$196,671
Revenue
$172,782
Expenses
$180,598
Net income
-$7,816
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