Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Down$113,998
Down $13,659 (-11%) from 2022
Net Assets
Down$113,998
Down $13,659 (-11%) from 2022
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$2,958
Up $3,932 (+404%) from 2022
Expenses
Down$16,617
Down $29,025 (-64%) from 2022
Net Income
Up-$13,659
Up $32,957 (+71%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Oct 26, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $2,958
Mission and Program Overview
Mission
To promote the historic district of franklin, va from an economic and aesthetic standpoint.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL. | - | $5,979 |
| ENHANCE THE UNIQUE VISUAL QUALITY OF DOWNTOWN FRANKLIN, VA BY ADDRESSING ALL DESIGN ELEMENTS TO CREATE AN APPEALING ENVIRONMENT. | $2,178 | $2,403 |
| CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT. | - | $1,299 |
| ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| VICTOR STORY | President | - | $0 | - | - |
| JACKIE NEWSOME | Vice-Preside | - | $0 | - | - |
| BENETA COFIELD | Treasurer | - | $0 | - | - |
| JIM WRIGHT | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Downtown Franklin Association
- EIN
- 26-0011687
- Phone
- 7573045515
- Address
- 251 S MAIN STREET, FRANKLIN, VA 23851
Signing Officer
- Name
- Victor Story
- Title
- President
- Phone
- 7575626900
- Signed
- 2023-10-26
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Burgess & Co Plc Cpas
- Address
- PO BOX 634, FRANKLIN, VA 23851
- Preparer
- Denise B Metzgar CPA
- Phone
- 7575698156
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising/website 593 office expense 610 interest 2 insurance expense 706 bank service charges 890 entertainment 1,072 security 225 supplies 402 telephone 227 penalties 20 dues & subscriptions 155 total 4,902”
Form 990-ez, Part II, Line 24
“Equipment 17,186 0 less accumulated depreciation 17,186 0 furniture & fixtures & other assets 0 0 total 0 0”
Form 990-ez, Part III
“To promote the historic district of franklin, va from an economic and aesthetic standpoint.”
Form 990-ez, Part III, Line 31
“Establish consensus and cooperation by building effective partnerships among all downtown stakeholders.”
Raw XML Appendix151 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JACKIE NEWSOME |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7575626900 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 251 S MAIN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FRANKLIN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23851 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 127657 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 113998 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -13659 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5337 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 127657 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 113998 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 1500 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 2178 |
| IRS990EZ/GrossReceiptsAmt | 0 | 2958 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 405 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 127657 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 113998 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 127657 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 113998 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 4200 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | VICTOR STORY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JACKIE NEWSOME |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BENETA COFIELD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JIM WRIGHT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE-PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 4902 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE THE HISTORIC DISTRICT OF FRANKLIN, VA FROM AN ECONOMIC AND AESTHETIC STANDPOINT. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 1053 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ENHANCE THE UNIQUE VISUAL QUALITY OF DOWNTOWN FRANKLIN, VA BY ADDRESSING ALL DESIGN ELEMENTS TO CREATE AN APPEALING ENVIRONMENT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 2178 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 2403 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 1299 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 5979 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 1500 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 16617 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 9681 |
| IRS990EZ/TotalRevenueAmt | 0 | 2958 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 13044 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 91000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 76617 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 206661 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 6000 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 6000 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6000 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 18000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 145 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 173 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 143 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 461 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 136920 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99880 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99840 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 378814 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 53041 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 48768 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 52344 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 154153 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 13044 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 85041 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 145768 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 134961 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 378814 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 379275 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING/WEBSITE 593 OFFICE EXPENSE 610 INTEREST 2 INSURANCE EXPENSE 706 BANK SERVICE CHARGES 890 ENTERTAINMENT 1,072 SECURITY 225 SUPPLIES 402 TELEPHONE 227 PENALTIES 20 DUES & SUBSCRIPTIONS 155 TOTAL 4,902 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EQUIPMENT 17,186 0 LESS ACCUMULATED DEPRECIATION 17,186 0 FURNITURE & FIXTURES & OTHER ASSETS 0 0 TOTAL 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TO PROMOTE THE HISTORIC DISTRICT OF FRANKLIN, VA FROM AN ECONOMIC AND AESTHETIC STANDPOINT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | VICTOR STORY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7575626900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-10-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DOWNTOWN FRANKLIN ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DOWN |
| ReturnHeader/Filer/EIN | 0 | 260011687 |
| ReturnHeader/Filer/PhoneNum | 0 | 7573045515 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 251 S MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FRANKLIN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23851 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 832329738 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BURGESS & CO PLC CPAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 634 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FRANKLIN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 23851 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7575698156 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-10-26 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DENISE B METZGAR CPA |
| ReturnHeader/ReturnTs | 0 | 2023-10-30T16:22:42-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | VICTOR |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | STORY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $113,998
- Liabilities
- -
- Net assets
- $113,998
- Revenue
- $2,958
- Expenses
- $16,617
- Net income
- -$13,659