EIN 13-4311862

Franklin Southampton Economic Development

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2005
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Franklin Southampton Economic Development promotes, markets, and oversees development activities in Franklin and Southampton County. Its mission is to diversify the economy, create high quality jobs, and provide a future for families and youth in the community. It conducts activities to promote economic vitality by attracting new businesses with capital investment and opportunities for job creation. This includes coordinating local and state incentive programs.
Total revenues
$388,962
2023
Total expenses
$450,990
2023
Total assets
$1,240,197
2023
Num. employees
4
2023

Program areas at Franklin Southampton Economic Development

Activites to promote the Economic vitality of Franklin and Southampton county including:market the community's assets to attact new businesses with capital investment and opportunities for job creation, including coordinating local and state incentive programs. Provide techincal training and assitance to existing businesses, including operation of the Franklin business center. Develop programs to foster small business growth and entrepreneurship. Create an atmosphere to foster tourism that will take advantage of the community's existing natural and historic assets.

Personnel at Franklin Southampton Economic Development

NameTitleCompensation
Karl HeckPresident$85,000
Ashley C. CovingtonMarketing and Existing Business Manager
Kimberly A. TuckerBusiness Development Manager
Brian HedgepethVice Chairman$0
Harriet Bain DuckTreasurer$0
...and 6 more key personnel

Financials for Franklin Southampton Economic Development

RevenuesFYE 06/2023
Total grants, contributions, etc.$378,000
Program services$0
Investment income and dividends$10,362
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$600
Total revenues$388,962

Form 990s for Franklin Southampton Economic Development

Fiscal year endingDate received by IRSFormPDF link
2023-062024-01-30990View PDF
2022-062022-12-12990View PDF
2021-062021-12-09990View PDF
2019-062020-09-18990View PDF
2018-062019-03-15990View PDF
...and 8 more Form 990s
Data update history
May 22, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 31, 2023
Updated personnel
Identified 1 new personnel
May 8, 2023
Received grants
Identified 1 new grant, including a grant for $135,000 from Obici Healthcare Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
601 N Mechanic St 300
Franklin, VA 23851
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Franklin city, VA
Website URL
franklinsouthamptonva.com/ 
Phone
(757) 562-1958
IRS details
EIN
13-4311862
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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