Civic Intelligence

Franklinsouthampton Area

990EZ • Fiscal year 2023 • EIN 54-0572244

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 13, 2024

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

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

57th percentile

0.01x

Higher debt load relative to revenue than 57% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

53rd percentile

2.8%

Higher net margin than 53% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

89th percentile

$57,980

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 48.3% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

53rd percentile

2.2%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-0.8%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$123,511

Up $2,656 (+2.2%) from 2022

Net Assets

Up

$121,779

Up $3,348 (+2.8%) from 2022

Liabilities

Down

$1,732

Down $692 (-29%) from 2022

Revenue

Down

$120,096

Down $962 (-0.8%) from 2022

Expenses

Down

$116,748

Down $4,831 (-4.0%) from 2022

Net Income

Up

$3,348

Up $3,869 (+743%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$123,511
Liabilities$1,732
Net Assets$121,779

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$120,096
Expenses$116,748
Net Income$3,348
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 13, 2024
Return Version
2023v5.0
Gross Receipts
$129,698
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-$81,620
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERESA B BEALEDirectorFT$54,740$3,240$57,980
MARSHALL RABILPresidentPT$0--
RANDOLPH COOKVP-$0--
BRIGITTE BRADWSHAWVP-$0--
DONNA TAYLORVP-$0--
KIM MARKSTreasurer-$0--
DIRECTORS - SEE ATTACHEDDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Meeting$15,690$15,690$618$15,072
Golf Tournament$13,270$13,270$270$13,000
Total Events$28,960$28,960$9,602$19,358
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
2024-08-13

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

Employee rentention credit 4,881 parking fees/miscellaneous 350 total 5,231

Form 990-ez, Part I, Line 16

Board meetings food & beverages 2,747 business expo facility rent and setup 4,395 miscellaneous 191 eggs & issues speakers 388 food & beverages 300 other expenses 110 expenses advertising 155 phone 2,105 merchant services 1,364 office supplies 1,103 postage 404 copies 503 computer/website 1,304 insurance expense 5,673 dues & subs 2,970 licenses 25 other expenses 285 membership development 199 travel 852 total 25,073

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 87 0 due from fr/so chamber foundation 0 50,000 total 87 50,000

Form 990-ez, Part II, Line 26

Payroll taxes payable 2,424 1,732

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.

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.

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IRS990EZ/BooksInCareOfDetail/PhoneNum07575624900
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 531
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FRANKLIN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023851
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0120768
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt073511
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
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IRS990EZ/GrossSalesOfInventoryAmt0200
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/NetAssetsOrFundBalancesBOYAmt0118431
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt054740
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt02840
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt0400
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TERESA B BEALE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARSHALL RABIL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RANDOLPH COOK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BRIGITTE BRADWSHAW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DONNA TAYLOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KIM MARKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DIRECTORS - SEE ATTACHED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt087
IRS990EZ/OtherAssetsTotalDetail/EOYAmt050000
IRS990EZ/OtherExpensesTotalAmt025073
IRS990EZ/OtherRevenueTotalAmt05231
IRS990EZ/PoliticalCampaignActyInd0false
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.
IRS990EZ/ProgramServiceRevenueAmt019370
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTE INDUSTRIAL GROWTH FOR THE FRANKLIN-SOUTHAMPTON AREA
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt081620
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IRS990EZ/TotalRevenueAmt0120096
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0FSACHAMBER.COM
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09602
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL MEETING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt06400
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt06400
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013270
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt028960
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019358
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0135
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0135
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0888
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0618
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0270
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02179
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02179
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMPLOYEE RENTENTION CREDIT 4,881 PARKING FEES/MISCELLANEOUS 350 TOTAL 5,231
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEETINGS FOOD & BEVERAGES 2,747 BUSINESS EXPO FACILITY RENT AND SETUP 4,395 MISCELLANEOUS 191 EGGS & ISSUES SPEAKERS 388 FOOD & BEVERAGES 300 OTHER EXPENSES 110 EXPENSES ADVERTISING 155 PHONE 2,105 MERCHANT SERVICES 1,364 OFFICE SUPPLIES 1,103 POSTAGE 404 COPIES 503 COMPUTER/WEBSITE 1,304 INSURANCE EXPENSE 5,673 DUES & SUBS 2,970 LICENSES 25 OTHER EXPENSES 285 MEMBERSHIP DEVELOPMENT 199 TRAVEL 852 TOTAL 25,073
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FURNITURE, FIXTURES & EQUIPMENT 51,744 51,744 LESS ACCUMULATED DEPRECIATION 51,744 51,744 PAYROLL TAX REFUND DUE 87 0 DUE FROM FR/SO CHAMBER FOUNDATION 0 50,000 TOTAL 87 50,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL TAXES PAYABLE 2,424 1,732
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/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TERESA B BEALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07575624900
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLINSOUTHAMPTON AREA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0540572244
ReturnHeader/Filer/PhoneNum07575624900
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 531
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023851
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200221868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNES BROCK CORNWELL & PAINTER PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 536
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRANKLIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0238511722
ReturnHeader/PreparerPersonGrp/PhoneNum07575698101
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON R WHITLEY CPA
ReturnHeader/ReturnTs02024-08-20T12:08:22-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)6 • <$500k nonprofits