Franklin Southampton Area Chamber Foundation
- Assets
- $88.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, VA
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 27-0595028
Organization Overview
Franklin Southampton Area Chamber Foundation is located in Franklin, VA. The organization was established in 2010. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Southampton Area Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Franklin Southampton Area Chamber Foundation generated $13.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $22.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
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. THE FOUNDATION ASSISTS IN ATTRACTING BUSINESS AND INDUSTRY TO THE COMMUNITY, AID IN JOB EMPLOYMENT AND HELP IN JOB SEARCH AND TRAINING. THE FOUNDATION RUNS 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernie Francis Jr President | 1 | $0 | |
Teresa Beale Sec/treasure | 1 | $0 | |
R Randolph Cooke Vice Preside | 1 | $0 | |
E Warren Beale Jr Director | 1 | $0 | |
Lauren Harper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $946 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $133 |
| Total Revenue | $13,079 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $990 |
| Occupancy, rent, utilities, and maintenance | $16,890 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,403 |
| Total expenses | $22,783 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,684 |
| Other assets | $0 |
| Total assets | $88,684 |
| Total liabilities | $50,000 |
| Net assets or fund balances | $38,684 |