Overview
What is Franklin Southampton Fair Foundation?
The Franklin Southampton Fair Foundation, based in Courtland, Virginia (specifically at PO Box 640), is a nonprofit organization with a significant mission. Primarily, they organize and conduct an annual county fair to educate the public about agriculture, industry, and emerging technologies. This event serves as a platform for local residents to showcase their creations, compete in friendly competitions, and enjoy a week filled with entertainment and learning opportunities. The fair aims to foster a sense of community and encourage the sharing of local talents and achievements.
Official website here: www.franklinsouthamptonfair.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Franklin Southampton Fair Foundation has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The foundation's overall score is based solely on its accountability metrics, reflecting a commitment to ethical standards. A significant strength noted is that 100% of its board members are independent and its board size consists of 30 members, which enhances governance.
Financially, the foundation demonstrates robust program expenditure, with 95.12% of its expenses allocated directly to programs. Additionally, there are no material diversions of assets reported, and the organization maintains a favorable liabilities-to-assets ratio of 0.14%. However, there are some areas for improvement, notably the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which were all rated as missing.
Overall, while the Franklin Southampton Fair Foundation shows strong accountability practices and financial health, addressing the missing policies could enhance its governance and transparency. This foundation's commitment to its mission appears solid, but reinforcing its internal policies will strengthen its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Southampton Fair Foundation legitimate?
Franklin Southampton Fair Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Southampton Fair Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.franklinsouthamptonfair.org
What is the mission statement of Franklin Southampton Fair Foundation?
The Franklin Southampton Fair Foundation's mission is centered around organizing an annual event that offers entertainment and educational activities for residents in the surrounding areas, while advocating for agriculture, industry, and new technology. The primary objective of this foundation is to provide a platform for local residents to showcase their handiworks, participate in friendly competitions, and enjoy a week-long festivity. The fair serves as an educational tool, promoting understanding in agriculture and industry, and offering a friendly competition arena for the community.
Official website here: www.franklinsouthamptonfair.org
Who is the CEO of Franklin Southampton Fair Foundation?
Glenn Joyner is the Treasurer of Franklin Southampton Fair Foundation.
Official website here: www.franklinsouthamptonfair.org
What is the revenue of Franklin Southampton Fair Foundation?
Franklin Southampton Fair Foundation's revenue in 2022 was $191,141.
Official website here: www.franklinsouthamptonfair.org
Who are the executives of Franklin Southampton Fair Foundation and what are their salaries?
There 40 volunteers at Franklin Southampton Fair Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.franklinsouthamptonfair.org
Where can I find the form 990 for Franklin Southampton Fair Foundation?
Franklin Southampton Fair Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklinsouthamptonfair.org
Learn more at the official website: www.franklinsouthamptonfair.org
Mission Statement of Franklin Southampton Fair Foundation
The Franklin Southampton Fair Foundation, in its mission, aims to organize an annual county fair that offers both entertainment and educational activities. This event is designed to cater to the residents of Franklin/Southampton VA and its surrounding areas, with a focus on promoting agriculture, industry, and new technology. The primary objective of the fair is to provide a platform where local residents can showcase their creations, cultivations, or productions, engage in friendly competitions, and enjoy a week filled with festivities. The fair serves as an excellent opportunity for the community to come together, learn about various aspects of agriculture and industry, and participate in friendly competitions.
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Impact
October, 2024
The Franklin Southampton Fair Foundation significantly impacts the local community by organizing an annual county fair that blends entertainment and education. This event offers residents of Franklin, Southampton, and surrounding areas a vibrant platform to engage with agriculture, industry, and new technology.
Through its festivities, the fair not only entertains but also educates the public about agricultural practices and industrial developments. It encourages local talent by providing opportunities for residents to showcase their creations, whether they are agricultural products, crafts, or other talents. This friendly competition fosters community spirit and encourages participation from all age groups.
Moreover, the fair serves as a crucial gathering point for the community, promoting social interactions and strengthening local connections. Ultimately, the impact of the Franklin Southampton Fair Foundation lies in its ability to celebrate local culture, support agricultural education, and foster a sense of belonging among residents.
This information is meant to be a general summary of Franklin Southampton Fair Foundation. 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
- Program Service Revenue: $147,972
- Gross Receipts: $211,211
Assets and Liabilities:
- Total Assets: $107,936
- Total Liabilities: $0
- Net Assets: $107,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GATE ADMISSION/PARKING
Revenue
$43,798
EXHIBITS/QUEENS CONTEST
Revenue
$37,639
BLDG, GROUNDS & BOOTH RENT
Revenue
$32,364
SPONSORS
Revenue
$31,361
ADVANCE TICKETS
Revenue
$2,810
Organization Details
Founding Year
1980
Phone
(757) 569-6155Principal Officer
Glenn Joyner
Main Address
PO BOX 640, COURTLAND, VA, 23837
NTEE Category
Code: N520 - Recreation
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