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Filing year 2023

FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC

Franklin, Virginia·EIN 13-4311862·NTEE S30 · Community Improvement & Capacity Building·3
Total revenue
$449k
Total assets
$1.2M
Total expenses
$496k
Reported officers
6
Mission

TO DIVERSIFY THE ECONOMY, CREATE HIGH QUALITY JOBS, AND PROVIDE A FUTURE FOR THE FAMILIES AND YOUTH OF FRANKLIN AND SOUTHAMPTON COUNTY.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Virginia.

President
25th percentile to median
$96k
$104k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC equaled 19% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
19%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 9%
from 2022

From $88k in 2022 to $96k in 2023.

$88k
2022
$96k
2023
In today's dollarsEst.
Up 5% in real terms$100k to $104k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2022 to 2023, while revenue rose 15%.

$88k in 2022 to $96k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC

What does the Chief Executive Officer of FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC earn?

In 2023, the Chief Executive Officer of FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC received $95,605 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Virginia, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Virginia, the 2023 pay of the Chief Executive Officer at FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC falls between the 25th percentile and the median. In 2023, the highest total compensation at FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC equaled 19% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC's revenue and expenses?

In 2023, FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC reported $449k in total revenue and $496k in total expenses on its IRS Form 990.

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