Civic Intelligence

Franklinsouthampton Area

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.

PO Box 531Franklin, VA 23851

fsachamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.03x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.03x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

29th percentile

-12%

Higher net margin than 29% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$58,970

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 48.1% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

34th percentile

-11%

Faster asset growth than 34% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

2.0%

Faster revenue growth than 52% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $123,761Liabilities 2011: $1,4282011Assets 2012: $126,793Liabilities 2012: $1,1282012Assets 2013: $130,486Liabilities 2013: $1,3582013Assets 2014: $130,890Liabilities 2014: $1,5012014Assets 2015: $129,914Liabilities 2015: $1,6202015Assets 2016: $129,899Liabilities 2016: $1,5922016Assets 2017: $132,762Liabilities 2017: $1,5712017Assets 2018: $128,105Liabilities 2018: $2,770Net Assets 2018: $125,3352018Assets 2019: $133,777Liabilities 2019: $1,635Net Assets 2019: $132,1422019Assets 2020: $114,606Liabilities 2020: $1,694Net Assets 2020: $112,9122020Assets 2021: $121,209Liabilities 2021: $2,257Net Assets 2021: $118,9522021Assets 2022: $120,855Liabilities 2022: $2,424Net Assets 2022: $118,4312022Assets 2023: $123,511Liabilities 2023: $1,732Net Assets 2023: $121,7792023Assets 2024: $110,510Liabilities 2024: $3,119Net Assets 2024: $107,3912024

Highlighted filing

2024

Assets$110,510
Liabilities$3,119
Net Assets$107,391

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $101,528Expenses 2011: $103,015Net Income 2011: -$1,4872011Revenue 2012: $118,661Expenses 2012: $115,330Net Income 2012: $3,3312012Revenue 2013: $119,480Expenses 2013: $116,017Net Income 2013: $3,4632013Revenue 2014: $112,440Expenses 2014: $112,179Net Income 2014: $2612014Revenue 2015: $110,831Expenses 2015: $111,926Net Income 2015: -$1,0952015Revenue 2016: $109,195Expenses 2016: $109,182Net Income 2016: $132016Revenue 2017: $115,612Expenses 2017: $112,728Net Income 2017: $2,8842017Revenue 2018: $118,896Expenses 2018: $124,752Net Income 2018: -$5,8562018Revenue 2019: $121,831Expenses 2019: $115,024Net Income 2019: $6,8072019Revenue 2020: $91,450Expenses 2020: $110,680Net Income 2020: -$19,2302020Revenue 2021: $114,295Expenses 2021: $108,255Net Income 2021: $6,0402021Revenue 2022: $121,058Expenses 2022: $121,579Net Income 2022: -$5212022Revenue 2023: $120,096Expenses 2023: $116,748Net Income 2023: $3,3482023Revenue 2024: $122,542Expenses 2024: $136,930Net Income 2024: -$14,3882024

Highlighted filing

2024

Revenue$122,542
Expenses$136,930
Net Income-$14,388

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.03$1.07$1.23$1.37$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.02$1.22$1.20$1.17$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.02$1.18$1.21$1.22$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.02$1.19$1.14$1.08$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.02$1.13$0.91$1.11$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.02$1.32$1.22$1.15$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$1.19$1.25$0.06
2017Summary only. Only limited summary data is available for this year.$1.33$0.02$1.16$1.13$0.03
2016Summary only. Only limited summary data is available for this year.$1.30$0.02$1.09$1.09$0.00
2015Summary only. Only limited summary data is available for this year.$1.30$0.02$1.11$1.12$0.01
2014Summary only. Only limited summary data is available for this year.$1.31$0.02$1.12$1.12$0.00
2013Summary only. Only limited summary data is available for this year.$1.30$0.01$1.19$1.16$0.03
2012Summary only. Only limited summary data is available for this year.$1.27$0.01$1.19$1.15$0.03
2011Summary only. Only limited summary data is available for this year.$1.24$0.01$1.02$1.03$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 4, 2025
Return Version
2024v5.0
Gross Receipts
$133,769
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
PROMOTE INDUSTRIAL GROWTH FOR THE FRANKLIN-SOUTHAMPTON AREA-$95,734
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERESA B BEALEDirectorFT$58,970-$58,970
MADISON BERRYMANDirector EleFT$7,582-$7,582
BRIGITTE BRADSHAWVP-$0--
DONNA TAYLORVP-$0--
KIM MARKSTreasurer-$0--
BOARD OF DIRECTORS-SEE ATTACHEDDirector-$0--
WILL HOLTPresidentPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet 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
Filing and Contact Details

Filer

Filer Name
Franklinsouthampton Area
EIN
54-0572244
Phone
7575624900
Address
PO BOX 531, FRANKLIN, VA 23851

Signing Officer

Name
Madison Berryman
Title
Director Elect
Phone
7575624900
Signed
2025-06-04
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 8

Rebates 600 parking fees/miscellaneous 388 total 988

Form 990-ez, Part I, Line 16

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

Form 990-ez, Part II, Line 24

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

Form 990-ez, Part II, Line 26

Payroll taxes payable 1,732 3,119

Form 990-ez, Part III

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.

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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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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REBATES 600 PARKING FEES/MISCELLANEOUS 388 TOTAL 988
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD 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/ExplanationTxt2FURNITURE, 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/ExplanationTxt3PAYROLL TAXES PAYABLE 1,732 3,119
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MADISON BERRYMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR ELECT
ReturnHeader/BusinessOfficerGrp/PhoneNum07575624900
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-04
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON R WHITLEY CPA
ReturnHeader/ReturnTs02025-06-05T09:23:44-04:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
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