Mission
47TO DIVERSIFY THE ECONOMY, CREATE HIGH QUALITY JOBS, AND PROVIDE A FUTURE FOR THE FAMILIES AND YOUTH OF FRANKLIN AND SOUTHAMPTON COUNTY.
Public Charity
FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC
FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC is a nonprofit organization categorized as Public Charity based in FRANKLIN, VA. Its most recent IRS filing (2025) reports revenue of $438K, expenses of $552K, total assets of $1.1M. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $10K.
EIN: 134311862
FRANKLIN, VA
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$438K
Total Expenses$552K
Total Assets$1.1M
Grant Records1
Funding Total$10K
Filing Years2019–2025
Where $100 goes at Franklin Southampton Economic Development Inc
How Franklin Southampton Economic Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$82
Programs
the work itself
$18
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $82 for programs
$82
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…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
CHARITABLE DONATION
$10,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
VICE CHAIRMAN
Brian Hedgepeth
PRESIDENT
Karl Heck
TREASURER
Marshall Rabil
CHAIRMAN
Meghan Councill
SECRETARY
Robert Pope
DIRECTOR
Will Holt
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $438K | $552K | $1.1M |
| 2024 | $449K | $496K | $1.2M |
| 2023 | $389K | $451K | $1.2M |
| 2021 | $703K | $597K | $1.4M |
| 2019 | $446K | $475K | $1.4M |
Between 2019 and 2025, reported annual revenue held roughly steady at around $438K, with total assets most recently reported at $1.1M.
Interactive year-over-year charts and full filing details available with membership.