Franklin-southampton Area Chamber Foundation

Nonprofit profile at a glance

EIN
270595028
IRS 990-EZ coverage
2018–2025
Forms available
Form 990-EZ 2025
Location
Franklin, VA, USA
Phone
7575624900
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$32,050
Expenses
$34,947
Assets
$51,632

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • VERNIE FRANCIS JR (PRESIDENT)

People named in this filing

  • VERNIE FRANCIS JR (PRESIDENT)
  • R RANDOLPH COOKE (VICE PRESIDE)
  • E WARREN BEALE JR (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The franklin-southampton area chamber foundation's mission is to act as a supporting organization to help carry out the charitable and educational activities of the franklin-southampton area chamber of commerce. The foundation shall operate as a 509(a)(3) supporting organization for the chamber by soliciting contributions to provide funding for the enhancement of the educational and charitable activities currently carried on by the chamber for the benefit of the citizens of the city of franklin and southampton county, Virginia community and surrounding area.

What it reported doing in 2025

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.9%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -9%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 1.48; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 17.6% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 8.4% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 30/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.