Franklin Southampton Area Chamber Foundation in Franklin, Virginia (VA)
Table of contents:
| Franklin Southampton Area Chamber Foundation | |
| Employer Identification Number (EIN) | 270595028 |
| Name of Organization | Franklin Southampton Area Chamber Foundation |
| In Care of Name | Teresa B Beale |
| Address | PO BOX 531, Franklin, VA 23851-0531 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $53,918 |
| Amount of Income | $37,263 |
| Form 990 Revenue Amount | $25,027 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $37,263 (it was $39,145 in 2012)
| Franklin Southampton Area Chamber Foundation: | $37,263 |
| Other organizations performing similar types of work: | $77,925 |
Assets in 2013: $53,918 (it was $60,606 in 2012)
| Franklin Southampton Area Chamber Foundation: | $53,918 |
| Other organizations performing similar types of work: | $54,860 |
Expenses in 2013: $24,141
| This organization: | $24,141 |
| Other organizations performing similar types of work: | $44,826 |
Income to expenses ratio in 2013: 1.5
| Franklin Southampton Area Chamber Foundation: | 1.5 |
| Other organizations performing similar types of work: | 2.2 |
Grants share in income in 2013: 55.9%
| Franklin Southampton Area Chamber Foundation: | 55.9% |
| Other organizations performing similar types of work: | 69.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $52,517 | $34,011 | $25,027 |
| Contributions, gifts, grants, and similar amounts received | $30,700 | $23,875 | $14,000 |
| Program service revenue including government fees and contracts | $21,817 | $180 | $670 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $9,956 | $10,357 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $15,090 | $22,593 |
| Less: direct expenses from gaming and fundraising events | $0 | $5,134 | $12,236 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $13,377 | $20,119 | $24,141 |
| Total net assets | $39,140 | $53,032 | $53,918 |
| Excess/Deficit for the year | $39,140 | $13,892 | $886 |
| Net assets or fund balances at beginning of year | $0 | $39,140 | $53,032 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $53,032 | $53,918 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $39,140 | $60,606 | $53,918 |
| Total liabilities | $0 | $7,574 | $0 |
| Net assets or fund balances | $39,140 | $53,032 | $53,918 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $7,122 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rapphannock Goodwill Stores Inc | 4701 Market St Ste A, Fredericksburg, VA 22408-8600 | VA | 2006-03 | $20,584,234 |
| 2 | Schuyler County Human Servicesdevelopment Corporation | 105 Ninth St, Watkins Glen, NY 14891-1435 | NY | 2008-04 | $421,855 |
| 3 | Spider Management Company | 6806 Paragon Pl Ste 290, Richmond, VA 23230-1824 | VA | 2003-10 | $3,689,871 |
| 4 | Cea Foundation | 1919 South Eads Street, Arlington, VA 22202-3028 | VA | 2008-10 | $3,689,583 |
| 5 | Institute For Advanced Learning And Research Foundation | 150 Slayton Ave, Danville, VA 24540-5193 | VA | 2007-08 | $1,068,188 |
| 6 | Alexandria Small Business Development Center | 625 N Washington St Ste 400, Alexandria, VA 22314-1937 | VA | 1999-11 | $408,442 |
| 7 | Virginia Fccla Leadership Foundation Inc | PO BOX 2968, Glen Allen, VA 23058-2968 | VA | 2009-01 | $244,457 |
| 8 | Society For Healthcare Epidemlology America Education & Research Fonda | 1300 Wilson Blvd Ste 300, Arlington, VA 22209-2332 | VA | 2011-06 | $168,363 |
| 9 | Alexandria Capital Development Foundation Inc | PO BOX 25276, Alexandria, VA 22313-5276 | VA | 2004-09 | $125,000 |
| 10 | Helms Fund | 6301 Midlothian Tpke, Richmond, VA 23225-5707 | VA | 2013-11 | $100,500 |
| 11 | Appalachian Community Capital Corporation | 930 Cambria Street Ne, Christiansburg, VA 24073-1631 | VA | 2014-06 | $55,000 |
| 12 | Franklin Southampton Area Chamber Foundation | PO BOX 531, Franklin, VA 23851-0531 | VA | 2010-10 | $37,263 |
| 13 | Glen Allen Ruritan Community Foundation | PO BOX 1064, Glen Allen, VA 23060-1064 | VA | 2009-02 | $23,724 |
| 14 | Blacksburg Partnership Foundation | 506 S Main St, Blacksburg, VA 24060-4863 | VA | 2004-08 | $17,438 |
| 15 | Estate Planning Council Of Suburban Maryland Inc, Estate Planning Council Of Montgomery County Md Inc | Po Box 5153, Arlington, VA 22205 | VA | 2014-08 | $14,662 |
| 16 | Appalachian Community Capital Development Foundation | 930 Cambria Street Ne, Christiansburg, VA 24073-1631 | VA | 2014-06 | $0 |
| 17 | Friends Of Goochland Parks | Po Box 592, Goochland, VA 23063 | VA | 2012-08 | $0 |
| 18 | Friends Of The Town Of Hillsville | PO BOX 545, Hillsville, VA 24343-0545 | VA | 2015-01 | $0 |
| 19 | Hampton Roads Dream High Inc | 617-32nd Street, Newport News, VA 23607 | VA | 2014-05 | $0 |
| 20 | Kiwanis Club Of Grafton Virginia Foundation Inc | Po Box 2092, Yorktown, VA 23692 | VA | 2013-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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