Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
58th percentile
Higher debt load relative to revenue than 58% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 62.4% of source-year revenue.
Asset Growth
23rd percentile
Faster asset growth than 23% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Balance Sheet
Assets
Down$114,606
Down $19,171 (-14%) from 2019
Net Assets
Down$112,912
Down $19,230 (-15%) from 2019
Liabilities
Up$1,694
Up $59 (+3.6%) from 2019
Revenue And Expenses
Revenue
Down$91,450
Down $30,381 (-25%) from 2019
Expenses
Down$110,680
Down $4,344 (-3.8%) from 2019
Net Income
Down-$19,230
Down $26,037 (-383%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Jun 23, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $94,748
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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROMOTE INDUSTRIAL GROWTH FOR THE FRANKLIN-SOUTHAMPTON AREA | - | $76,565 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TERESA B BEALE | Director | FT | $53,967 | $3,120 | $57,087 |
| MEGHAN COUNCIL | President | PT | $0 | - | - |
| COLLIN PULLEY | President El | - | $0 | - | - |
| JIM JERVEY | Treasurer | - | $0 | - | - |
| MANDY HALL | VP | - | $0 | - | - |
| RANDOLPH COOK | VP | - | $0 | - | - |
| HOLLY LEDBETTER | VP | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Franklinsouthampton Area
- EIN
- 54-0572244
- Phone
- 7575624900
- Address
- PO BOX 531, FRANKLIN, VA 23851
Signing Officer
- Name
- Teresa B Beale
- Title
- Director
- Phone
- 7575624900
- Signed
- 2021-06-23
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
“Parking fees/miscellaneous 296 total 296”
Form 990-ez, Part I, Line 16
“Board meetings food & beverages 1,004 eggs and issues rent & facility costs 75 expenses advertising 61 phone 2,061 merchant services 1,234 office supplies 809 postage 477 copies 336 computer/website 974 insurance expense 4,956 dues & subs 3,311 licenses 25 other expenses 270 membership development 430 total 16,023”
Form 990-ez, Part II, Line 24
“Furniture, fixtures & equipment 51,744 51,744 less accumulated depreciation 51,744 51,744 total 0 0”
Form 990-ez, Part II, Line 26
“Payroll taxes payable 1,635 1,694”
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 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.”
Raw XML Appendix138 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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | MEGHAN COUNCIL |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | TERESA B BEALE |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | COLLIN PULLEY |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | JIM JERVEY |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 4 | MANDY HALL |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 5 | RANDOLPH COOK |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 6 | HOLLY LEDBETTER |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | FRSO AREA CHAMBER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7575624900 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 531 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FRANKLIN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23851 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 133777 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 114606 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -19230 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1195 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 133777 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 114606 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 12320 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 280 |
| IRS990EZ/GrossReceiptsAmt | 0 | 94748 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 280 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 416 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 78455 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 132142 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 112912 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 132142 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 112912 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3035 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 53967 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 2720 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 400 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MEGHAN COUNCIL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | TERESA B BEALE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | COLLIN PULLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JIM JERVEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MANDY HALL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | RANDOLPH COOK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | HOLLY LEDBETTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT EL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | VP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | VP |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16023 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 296 |
| 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 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. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 2981 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROMOTE INDUSTRIAL GROWTH FOR THE FRANKLIN-SOUTHAMPTON AREA |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 76565 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 90427 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 3298 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 9022 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1635 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1694 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 110680 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 76565 |
| IRS990EZ/TotalRevenueAmt | 0 | 91450 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | FSACHAMBER.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PARKING FEES/MISCELLANEOUS 296 TOTAL 296 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOARD MEETINGS FOOD & BEVERAGES 1,004 EGGS AND ISSUES RENT & FACILITY COSTS 75 EXPENSES ADVERTISING 61 PHONE 2,061 MERCHANT SERVICES 1,234 OFFICE SUPPLIES 809 POSTAGE 477 COPIES 336 COMPUTER/WEBSITE 974 INSURANCE EXPENSE 4,956 DUES & SUBS 3,311 LICENSES 25 OTHER EXPENSES 270 MEMBERSHIP DEVELOPMENT 430 TOTAL 16,023 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FURNITURE, FIXTURES & EQUIPMENT 51,744 51,744 LESS ACCUMULATED DEPRECIATION 51,744 51,744 TOTAL 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PAYROLL TAXES PAYABLE 1,635 1,694 |
| 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 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. |
| 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 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TERESA B BEALE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7575624900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-06-23 |
| 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/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 | 2021-06-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SHARON R WHITLEY CPA |
| ReturnHeader/ReturnTs | 0 | 2021-06-24T14:17:14-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | TERESA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BEALE |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $114,606
- Liabilities
- $1,694
- Net assets
- $112,912
- Revenue
- $91,450
- Expenses
- $110,680
- Net income
- -$19,230
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