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Downtown Franklin Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260011687 ✦ Franklin, VA ✦ Designated as a 501(c)(3)

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Overview

What is Downtown Franklin Association?

The Downtown Franklin Association is a nonprofit organization situated in Franklin, Virginia. Their primary objective is to foster economic growth and maintain the district's distinctive charm by focusing on its aesthetic appeal. They achieve this by meticulously addressing various design components, thereby creating an alluring ambiance that attracts visitors. The association's mission is centered around enhancing the unique visual appeal of Downtown Franklin, thereby contributing to its overall appeal.

Is Downtown Franklin Association legitimate?

Downtown Franklin Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Franklin Association submitted a form 990EZ, 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.

What is the mission statement of Downtown Franklin Association?

The Downtown Franklin Association works towards promoting a specific area, primarily from an economic and aesthetic perspective. Their mission is to elevate the visual appeal of this district by addressing various design aspects, thereby creating an attractive environment. By doing so, they aim to contribute positively to the area's overall appeal and economic growth.

Who is the CEO of Downtown Franklin Association?

Victor Story is the President of Downtown Franklin Association.

What is the revenue of Downtown Franklin Association?

Downtown Franklin Association's revenue in 2023 was $2,958.

Who are the executives of Downtown Franklin Association and what are their salaries?


Here are 4 key members and their salaries:


Victor Story (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Newsome (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beneta Cofield (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Wright (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Downtown Franklin Association?

Downtown Franklin Association's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Downtown Franklin Association

The Downtown Franklin Association, as a nonprofit organization, is dedicated to promoting the historic district of Franklin from both an economic and aesthetic perspective. Their mission is to elevate the visual appeal of Downtown Franklin by meticulously addressing all design aspects, ultimately creating an alluring environment. By tackling various design elements, the Downtown Franklin Association seeks to establish an appealing and distinctive character for the district, thereby fostering its economic growth and preserving its historical charm.

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Impact




August, 2024

The Downtown Franklin Association plays a vital role in promoting the economic and aesthetic development of the historic district of Franklin, VA. By enhancing the visual quality of Downtown Franklin through various design elements, they create an attractive environment that benefits both the local community and visitors. Their efforts contribute to the overall improvement and prosperity of Franklin, making it a more appealing destination.




This information is meant to be a general summary of Downtown Franklin Association. 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.

Revenue
$2,958 (2023)
Expenses
$16,617 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $405
  • Program Service Revenue: $1,053
  • Gross Receipts: $2,958

Assets and Liabilities:

  • Total Assets: $113,998
  • Total Liabilities: $0
  • Net Assets: $113,998

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Organization Details

Principal Officer

Victor Story

Main Address

251 S MAIN STREET, FRANKLIN, VA, 23851

NTEE Category

Code: S20 - Community improvement

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