Civic Intelligence

Franklin Southampton Area Chamber Foundation

990EZ • Fiscal year 2019 • EIN 27-0595028

Jan 01, 2019 to Dec 31, 2019 • Filed on May 13, 2020

108 W Third Ave - PO Box 531Franklin, VA 23851

(757) 562-4900

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

48th percentile

2.4%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

47th percentile

0.7%

Faster asset growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-59%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$34,545

Up $247 (+0.7%) from 2018

Net Assets

Up

$34,545

Up $247 (+0.7%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$10,132

Down $14,378 (-59%) from 2018

Expenses

Down

$9,885

Down $3,941 (-29%) from 2018

Net Income

Down

$247

Down $10,437 (-98%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2018: $34,298Net Assets 2018: $34,2982018Assets 2019: $34,545Net Assets 2019: $34,5452019Assets 2020: $39,022Net Assets 2020: $39,0222020Assets 2021: $57,073Net Assets 2021: $57,0732021Assets 2022: $48,388Net Assets 2022: $48,3882022Assets 2023: $88,684Liabilities 2023: $50,000Net Assets 2023: $38,6842023Assets 2024: $54,528Net Assets 2024: $54,5282024

Highlighted filing

2019

Assets$34,545
Liabilities-
Net Assets$34,545

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30K$20K$10K$0-$10KRevenue 2018: $24,510Expenses 2018: $13,826Net Income 2018: $10,6842018Revenue 2019: $10,132Expenses 2019: $9,885Net Income 2019: $2472019Revenue 2020: $12,080Expenses 2020: $7,603Net Income 2020: $4,4772020Revenue 2021: $28,276Expenses 2021: $10,224Net Income 2021: $18,0522021Revenue 2022: $12,396Expenses 2022: $21,081Net Income 2022: -$8,6852022Revenue 2023: $13,079Expenses 2023: $22,783Net Income 2023: -$9,7042023Revenue 2024: $29,441Expenses 2024: $13,597Net Income 2024: $15,8442024

Highlighted filing

2019

Revenue$10,132
Expenses$9,885
Net Income$247
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 13, 2020
Return Version
2019v5.0
Gross Receipts
$10,132
Mission and Program Overview

Mission

The franklin-southampton area chamber foundation's mission is to act as a supporting organization to help carry out the charitable and educational activities of the franklin-southampton area chamber of commerce. The foundation shall operate as a 509(a)(3) supporting organization for the chamber by soliciting contributions to provide funding for the enhancement of the educational and charitable activities currently carried on by the chamber for the benefit of the citizens of the city of franklin and southampton county, virginia community and surrounding area.

Program Services

DescriptionGrantsExpenses
THE FRANKLIN-SOUTHAMPTON AREA CHAMBER FOUNDATION'S MAIN PURPOSE IS TO SUPPORT AND ASSIST THE FRANKLIN-SOUTHAMPTON AREA CHAMBER OF COMMERCE IN ITS COMMUNITY DEVELOPMENT ACTIVITIES. ONE OF THESE ACTIVITIES IS THE FOCUSED UNITED ENGAGED LEADERS CLUB. THIS WAS FORMED TO CONNECT YOUNG PROFESSIONALS IN BUSINESSES AND HELP THEM TO BECOME LEADERS IN THE COMMUNITY. OTHER PURPOSES OF THE FOUNDATION INCLUDE ATTRACTING BUSINESS AND INDUSTRY TO THE COMMUNITY TO AID IN JOB EMPLOYMENT AND HELP IN JOB SEARCH AND TRAINING. THE FOUNDATION WILL ALSO RUN THE FRANKLIN-SOUTHAMPTON CRIME SOLVERS PROGRAM. THIS IS A PUBLIC SAFETY PROGRAM WHICH TAKES IN DONATIONS FROM LOCAL CITIZENS AND BUSINESSES AND GIVES MONETARY AWARDS FOR INFORMATION LEADING TO ARRESTS. THE ULTIMATE GOAL OF THIS PROGRAM IS TO MAKE THE COMMUNITY SAFER. ANOTHER PURPOSE OF THE FOUNDATION IS TO PRESERVE THE 1870'S HISTORICAL BUILDING OF THE CHAMBER SO THAT IT CAN REMAIN A COMMUNITY ICON FOR FUTURE GENERATIONS.$4,220$8,620
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
VERNIE FRANCIS JRPresident-$0--
TERESA BEALESec/Treasure-$0--
RANDOLPH COOKEVice Preside-$0--
WARREN BEALE JRDirector-$0--
LAUREN HARPERDirector-$0--
DR PATSY JOYNERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Franklin-southampton Area
EIN
27-0595028
Phone
7575624900
Address
108 W THIRD AVE - PO BOX 531, FRANKLIN, VA 23851

Signing Officer

Name
Teresa Beale
Title
Sec/treasurer
Phone
7575624900
Signed
2020-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Barnes Brock Cornwell & Painter Plc
Address
PO BOX 536, FRANKLIN, VA 23851-1722
Preparer
Sharon R Whitley CPA
Phone
7575698101
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses dues & subs 200 computer program/software 1,872 bfcu - crime solvers 600 total 2,672

Form 990-ez, Part III

The franklin-southampton area chamber foundation's mission is to act as a supporting organization to help carry out the charitable and educational activities of the franklin-southampton area chamber of commerce. The foundation shall operate as a 509(a)(3) supporting organization for the chamber by soliciting contributions to provide funding for the enhancement of the educational and charitable activities currently carried on by the chamber for the benefit of the citizens of the city of franklin and southampton county, virginia community and surrounding area.

Form 990-ez, Part III, Line 28

The franklin-southampton area chamber foundation's main purpose is to support and assist the franklin-southampton area chamber of commerce in its community development activities. One of these activities is the focused united engaged leaders club. This was formed to connect young professionals in businesses and help them to become leaders in the community. Other purposes of the foundation include attracting business and industry to the community to aid in job employment and help in job search and training. The foundation will also run the franklin-southampton crime solvers program. This is a public safety program which takes in donations from local citizens and businesses and gives monetary awards for information leading to arrests. The ultimate goal of this program is to make the community safer. Another purpose of the foundation is to preserve the 1870's historical building of the chamber so that it can remain a community icon for future generations.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES DUES & SUBS 200 COMPUTER PROGRAM/SOFTWARE 1,872 BFCU - CRIME SOLVERS 600 TOTAL 2,672
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FRANKLIN-SOUTHAMPTON AREA CHAMBER FOUNDATION'S MISSION IS TO ACT AS A SUPPORTING ORGANIZATION TO HELP CARRY OUT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE FRANKLIN-SOUTHAMPTON AREA CHAMBER OF COMMERCE. THE FOUNDATION SHALL OPERATE AS A 509(A)(3) SUPPORTING ORGANIZATION FOR THE CHAMBER BY SOLICITING CONTRIBUTIONS TO PROVIDE FUNDING FOR THE ENHANCEMENT OF THE EDUCATIONAL AND CHARITABLE ACTIVITIES CURRENTLY CARRIED ON BY THE CHAMBER FOR THE BENEFIT OF THE CITIZENS OF THE CITY OF FRANKLIN AND SOUTHAMPTON COUNTY, VIRGINIA COMMUNITY AND SURROUNDING AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FRANKLIN-SOUTHAMPTON AREA CHAMBER FOUNDATION'S MAIN PURPOSE IS TO SUPPORT AND ASSIST THE FRANKLIN-SOUTHAMPTON AREA CHAMBER OF COMMERCE IN ITS COMMUNITY DEVELOPMENT ACTIVITIES. ONE OF THESE ACTIVITIES IS THE FOCUSED UNITED ENGAGED LEADERS CLUB. THIS WAS FORMED TO CONNECT YOUNG PROFESSIONALS IN BUSINESSES AND HELP THEM TO BECOME LEADERS IN THE COMMUNITY. OTHER PURPOSES OF THE FOUNDATION INCLUDE ATTRACTING BUSINESS AND INDUSTRY TO THE COMMUNITY TO AID IN JOB EMPLOYMENT AND HELP IN JOB SEARCH AND TRAINING. THE FOUNDATION WILL ALSO RUN THE FRANKLIN-SOUTHAMPTON CRIME SOLVERS PROGRAM. THIS IS A PUBLIC SAFETY PROGRAM WHICH TAKES IN DONATIONS FROM LOCAL CITIZENS AND BUSINESSES AND GIVES MONETARY AWARDS FOR INFORMATION LEADING TO ARRESTS. THE ULTIMATE GOAL OF THIS PROGRAM IS TO MAKE THE COMMUNITY SAFER. ANOTHER PURPOSE OF THE FOUNDATION IS TO PRESERVE THE 1870'S HISTORICAL BUILDING OF THE CHAMBER SO THAT IT CAN REMAIN A COMMUNITY ICON FOR FUTURE GENERATIONS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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