Liabilities / Assets
64th percentile
Higher debt load relative to assets than 64% of similar nonprofits.
EIN 54-0572244 • 501(c)6 • Franklin, VA
Profile
The franklin-southampton area chamber of commerce is organized to develop and support business, professional, educational and civic interests, and to promote industrial growth and the general welfare of the area. It represents approximately 250 members and works with business, civic and government entities to coordinate various activities to accomplish goals that promote and improve the overall economy and quality of life. Members consist of businesses, professionals, civic and educational leaders.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
64th percentile
Higher debt load relative to assets than 64% of similar nonprofits.
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
29th percentile
Higher net margin than 29% of similar nonprofits.
Top Officer Pay
97th percentile
Higher top officer pay than 97% of similar nonprofits.
Top officer pay equals 48.1% of source-year revenue.
Asset Growth
34th percentile
Faster asset growth than 34% of similar nonprofits.
Revenue Growth
52nd percentile
Faster revenue growth than 52% of similar nonprofits.
Assets
Down$110,510
Down $13,001 (-11%) from 2023
Liabilities
Up$3,119
Up $1,387 (+80%) from 2023
Net Assets
Down$107,391
Down $14,388 (-12%) from 2023
Revenue
Up$122,542
Up $2,446 (+2.0%) from 2023
Expenses
Up$136,930
Up $20,182 (+17%) from 2023
Net Income
Down-$14,388
Down $17,736 (-530%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
The franklin-southampton area chamber of commerce is organized to develop and support business, professional, educational and civic interests, and to promote industrial growth and the general welfare of the area. It represents approximately 250 members and works with business, civic and government entities to coordinate various activities to accomplish goals that promote and improve the overall economy and quality of life. Members consist of businesses, professionals, civic and educational leaders.
The franklin-southampton area chamber of commerce is organized to develop and support business, professional, educational and civic interests, and to promote industrial growth and the general welfare of the area. It represents approximately 235 members and works with business, civic and government entities to coordinate various activities to accomplish goals that promote and improve the overall economy and quality of life. Members consist of businesses, professionals, civic and educational leaders.
| Description | Grants | Expenses |
|---|---|---|
| PROMOTE INDUSTRIAL GROWTH FOR THE FRANKLIN-SOUTHAMPTON AREA | - | $95,734 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TERESA B BEALE | Director | FT | $58,970 | - | $58,970 |
| MADISON BERRYMAN | Director Ele | FT | $7,582 | - | $7,582 |
| BRIGITTE BRADSHAW | VP | - | $0 | - | - |
| DONNA TAYLOR | VP | - | $0 | - | - |
| KIM MARKS | Treasurer | - | $0 | - | - |
| BOARD OF DIRECTORS-SEE ATTACHED | Director | - | $0 | - | - |
| WILL HOLT | President | PT | $0 | - | - |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Annual Meeting | $16,395 | $16,395 | $1,135 | $15,260 |
| Golf Tournament | $13,170 | $13,170 | $434 | $12,736 |
| Total Events | $29,565 | $29,565 | $11,227 | $18,338 |
“Rebates 600 parking fees/miscellaneous 388 total 988”
“Board meetings food & beverages 3,137 business expo facility rent and setup 3,486 miscellaneous 413 eggs & issues speakers 100 food & beverages 600 other expenses 25 seminars-federal reserve food & beverages 569 other expenses 21 expenses phone 2,021 merchant services 1,305 office supplies 1,548 postage 388 copies 433 computer/website 1,582 insurance expense 6,037 dues & subs 3,119 licenses 25 other expenses 296 membership development 109 travel 825 total 26,039”
“Furniture, fixtures & equipment 51,744 51,744 less accumulated depreciation 51,744 51,744 payroll tax refund due 0 67 due from fr/so chamber foundation 50,000 0 total 50,000 67”
“Payroll taxes payable 1,732 3,119”
“The franklin-southampton area chamber of commerce is organized to develop and support business, professional, educational and civic interests, and to promote industrial growth and the general welfare of the area. It represents approximately 235 members and works with business, civic and government entities to coordinate various activities to accomplish goals that promote and improve the overall economy and quality of life. Members consist of businesses, professionals, civic and educational leaders.”
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 | MADISON BERRYMAN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7575624900 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 22446 LINDEN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | COURTLAND |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23837 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 73511 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 110443 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 2387 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -14388 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1075 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 123511 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 110510 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 29565 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 210 |
| IRS990EZ/GrossReceiptsAmt | 0 | 133769 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 210 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1254 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 79437 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 121779 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 107391 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 121779 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 107391 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2374 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 58970 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 7582 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TERESA B BEALE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BRIGITTE BRADSHAW |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DONNA TAYLOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KIM MARKS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | BOARD OF DIRECTORS-SEE ATTACHED |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MADISON BERRYMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | WILL HOLT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR ELE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 50000 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 67 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 26039 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 988 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FRANKLIN-SOUTHAMPTON AREA CHAMBER OF COMMERCE IS ORGANIZED TO DEVELOP AND SUPPORT BUSINESS, PROFESSIONAL, EDUCATIONAL AND CIVIC INTERESTS, AND TO PROMOTE INDUSTRIAL GROWTH AND THE GENERAL WELFARE OF THE AREA. IT REPRESENTS APPROXIMATELY 235 MEMBERS AND WORKS WITH BUSINESS, CIVIC AND GOVERNMENT ENTITIES TO COORDINATE VARIOUS ACTIVITIES TO ACCOMPLISH GOALS THAT PROMOTE AND IMPROVE THE OVERALL ECONOMY AND QUALITY OF LIFE. MEMBERS CONSIST OF BUSINESSES, PROFESSIONALS, CIVIC AND EDUCATIONAL LEADERS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 19928 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROMOTE INDUSTRIAL GROWTH FOR THE FRANKLIN-SOUTHAMPTON AREA |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 95734 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 107442 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 11227 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 18338 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1732 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3119 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 136930 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 95734 |
| IRS990EZ/TotalRevenueAmt | 0 | 122542 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | FSACHAMBER.COM |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 11227 |
| IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt | 0 | 700 |
| IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt | 0 | 700 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | ANNUAL MEETING |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | GOLF TOURNAMENT |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt | 0 | 5236 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt | 0 | 837 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt | 0 | 6073 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 16395 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 13170 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 29565 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 16395 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 13170 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 29565 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 18338 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt | 0 | 150 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt | 0 | 150 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 1569 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 1135 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt | 0 | 434 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 600 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt | 0 | 2135 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 2735 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | REBATES 600 PARKING FEES/MISCELLANEOUS 388 TOTAL 988 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOARD MEETINGS FOOD & BEVERAGES 3,137 BUSINESS EXPO FACILITY RENT AND SETUP 3,486 MISCELLANEOUS 413 EGGS & ISSUES SPEAKERS 100 FOOD & BEVERAGES 600 OTHER EXPENSES 25 SEMINARS-FEDERAL RESERVE FOOD & BEVERAGES 569 OTHER EXPENSES 21 EXPENSES PHONE 2,021 MERCHANT SERVICES 1,305 OFFICE SUPPLIES 1,548 POSTAGE 388 COPIES 433 COMPUTER/WEBSITE 1,582 INSURANCE EXPENSE 6,037 DUES & SUBS 3,119 LICENSES 25 OTHER EXPENSES 296 MEMBERSHIP DEVELOPMENT 109 TRAVEL 825 TOTAL 26,039 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FURNITURE, FIXTURES & EQUIPMENT 51,744 51,744 LESS ACCUMULATED DEPRECIATION 51,744 51,744 PAYROLL TAX REFUND DUE 0 67 DUE FROM FR/SO CHAMBER FOUNDATION 50,000 0 TOTAL 50,000 67 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PAYROLL TAXES PAYABLE 1,732 3,119 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FRANKLIN-SOUTHAMPTON AREA CHAMBER OF COMMERCE IS ORGANIZED TO DEVELOP AND SUPPORT BUSINESS, PROFESSIONAL, EDUCATIONAL AND CIVIC INTERESTS, AND TO PROMOTE INDUSTRIAL GROWTH AND THE GENERAL WELFARE OF THE AREA. IT REPRESENTS APPROXIMATELY 235 MEMBERS AND WORKS WITH BUSINESS, CIVIC AND GOVERNMENT ENTITIES TO COORDINATE VARIOUS ACTIVITIES TO ACCOMPLISH GOALS THAT PROMOTE AND IMPROVE THE OVERALL ECONOMY AND QUALITY OF LIFE. MEMBERS CONSIST OF BUSINESSES, PROFESSIONALS, CIVIC AND EDUCATIONAL LEADERS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MADISON BERRYMAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR ELECT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7575624900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FRANKLINSOUTHAMPTON AREA |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CHAMBER OF COMMERCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FRAN |
| ReturnHeader/Filer/EIN | 0 | 540572244 |
| ReturnHeader/Filer/PhoneNum | 0 | 7575624900 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 531 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FRANKLIN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23851 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 200221868 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BARNES BROCK CORNWELL & PAINTER PLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 536 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FRANKLIN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 238511722 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7575698101 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-06-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SHARON R WHITLEY CPA |
| ReturnHeader/ReturnTs | 0 | 2025-06-05T09:23:44-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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