Downtown Franklin Assoc Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Franklin, VA
- Founding
- 09/2002
- Data as of
- 06/2024
- EIN
- 26-0011687
Organization Overview
Downtown Franklin Assoc Inc is located in Franklin, VA. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Downtown Franklin Assoc Inc 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 06/2024, Downtown Franklin Assoc Inc generated $393.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (49.6%) each year. All expenses for the organization totaled $45.4k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HISTORIC DISTRICT OF FRANKLIN, VA FROM AN ECONOMIC AND AESTHETIC STANDPOINT.
Describe the Organization's Program Activity:
Part 3
ENHANCE THE UNIQUE VISUAL QUALITY OF DOWNTOWN FRANKLIN, VA BY ADDRESSING ALL DESIGN ELEMENTS TO CREATE AN APPEALING ENVIRONMENT.
ESTABLISH CONSENSUS AND COOPERATION BY BUILDING EFFECTIVE PARTNERSHIPS AMONG ALL DOWNTOWN STAKEHOLDERS.
CREATE AND MARKET A POSITIVE IMAGE BASED ON THE UNIQUE ATTRIBUTES OF THE DOWNTOWN DISTRICT.
STRENGTHEN DOWNTOWN'S EXISTING ECONOMIC ASSETS AND FULFILLING ITS BROADEST MARKET POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Story President | 0 | $0 | |
Jackie Newsome Vice-Preside | 0 | $0 | |
Beneta Cofield Treasurer | 0 | $0 | |
Jim Wright Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $293 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $100 |
| Total Revenue | $393 |
| 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 | $25,625 |
| Occupancy, rent, utilities, and maintenance | $6,300 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,466 |
| Total expenses | $45,391 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Downtown Franklin Assoc Inc has awarded $17,754 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S THERAPY CONCEPTS PURPOSE: BUSINESS DEVELPOMENT | $9,220 |
TIERS TO YOU PURPOSE: BUSINESS DEVELOPMENT | $8,534 |