Overview
What is Franklin Southampton Economic Development Inc?
Franklin Southampton Economic Development Inc is a nonprofit organization situated in Franklin, Virginia. Its primary mission is to bolster the economic vitality of the city and Southampton County. This involves marketing the area's assets to attract new businesses with investment opportunities and job creation, coordinating local and state incentive programs, providing technical assistance to existing businesses, and fostering small business growth and entrepreneurship. The organization also operates the Franklin Business Center and develops programs to promote tourism, taking advantage of the community's natural and historic assets. With a team of four individuals, Franklin Southampton Economic Development Inc is dedicated to diversifying the economy, creating high-quality jobs, and securing a future for the families and youth in the region.
Official website here: www.franklinsouthamptonva.com
Is Franklin Southampton Economic Development Inc legitimate?
Franklin Southampton Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Southampton Economic Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,983
For more financial information, click here
Official website here: www.franklinsouthamptonva.com
What is the mission statement of Franklin Southampton Economic Development Inc?
Franklin Southampton Economic Development Inc's mission is centered around promoting and overseeing development activities. Its primary goal is to diversify the economy, create high-quality jobs, and ensure a future for the local community's families and youth. To achieve this, the organization engages in various activities. These include marketing the community's assets to attract new businesses with investment opportunities and job creation, coordinating local and state incentive programs. The organization also provides technical training and assistance to existing businesses, operates the Franklin Business Center, develops programs to foster small business growth and entrepreneurship, and creates an atmosphere that encourages tourism, leveraging the community's natural and historic assets.
Official website here: www.franklinsouthamptonva.com
Who is the CEO of Franklin Southampton Economic Development Inc?
Karl Heck is the Vice Chairman of Franklin Southampton Economic Development Inc.
Official website here: www.franklinsouthamptonva.com
What is the revenue of Franklin Southampton Economic Development Inc?
Franklin Southampton Economic Development Inc's revenue in 2022 was $406,765.
Official website here: www.franklinsouthamptonva.com
Who are the executives of Franklin Southampton Economic Development Inc and what are their salaries?
The average compensation at Franklin Southampton Economic Development Inc during 2022 was $50,996. There are 4 employees at Franklin Southampton Economic Development Inc.
Here are 6 key members and their salaries:
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- Compensation: $85,000
- Related: $0
- Other: $2,550
Official website here: www.franklinsouthamptonva.com
Where can I find the form 990 for Franklin Southampton Economic Development Inc?
Franklin Southampton Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklinsouthamptonva.com
Learn more at the official website: www.franklinsouthamptonva.com
Mission Statement of Franklin Southampton Economic Development Inc
Franklin Southampton Economic Development Inc, a dedicated organization, is committed to promoting, marketing, and overseeing development activities within the city of Franklin and Southampton County. Their mission is twofold: to diversify the economy and create high-quality job opportunities, ultimately providing a prosperous future for the families and youth in these areas.
To achieve this mission, Franklin Southampton Economic Development Inc engages in various activities. They market the community's assets to attract new businesses with capital investment and job creation opportunities, coordinating local and state incentive programs as needed. Additionally, they provide technical training and assistance to existing businesses, operating the Franklin Business Center to support their growth.
Furthermore, Franklin Southampton Economic Development Inc develops programs to foster small business growth and entrepreneurship. They aim to create an environment that encourages tourism, taking advantage of the community's existing natural and historic assets. By promoting economic vitality in this manner, they strive to improve the overall quality of life for the residents of Franklin and Southampton County.
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Impact
October, 2024
Franklin Southampton Economic Development Inc significantly enhances the economic landscape of Franklin and Southampton County. By marketing the area's assets, it actively attracts new businesses, fostering capital investment and creating job opportunities that benefit the community. Their initiatives include coordinating local and state incentive programs, which provide essential support for new and existing businesses.
Additionally, the organization offers technical training and assistance through the Franklin Business Center, equipping local businesses with the resources they need to thrive. By developing programs that encourage small business growth and entrepreneurship, they cultivate a vibrant economic environment that supports innovation and opportunity.
The focus on creating a welcoming atmosphere for tourism leverages the community's natural and historic assets, bringing further economic vitality. In pursuit of diversifying the economy and creating high-quality jobs, Franklin Southampton Economic Development Inc is instrumental in securing a brighter future for families and youth in the region, contributing to overall community improvement and sustainability.
This information is meant to be a general summary of Franklin Southampton Economic Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,007
- Gross Receipts: $406,765
Assets and Liabilities:
- Total Assets: $1,287,926
- Total Liabilities: $24
- Net Assets: $1,287,902
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Organization Details
Founding Year
2005
Phone
(757) 562-1958Principal Officer
Karl Heck
Main Address
601 N MECHANIC STREET 300, FRANKLIN, VA, 23851
NTEE Category
Code: S30 - Community improvement
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