Intown Concord
- Assets
- $159.8k
- Revenue
- $202.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Concord, NH
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 02-0528727
Organization Overview
Intown Concord is located in Concord, NH. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Intown Concord employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intown Concord is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Intown Concord generated $202.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $209.1k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE, ELEVATE, AND CELEBRATE THE CITY OF CONCORD, WITH A SPECIFIC FOCUS ON THE CITY CENTER, RESULTING IN A THRIVING, INCLUSIVE, AND SUSTAINABLE COMMUNITY. THE MISSION IS ACCOMPLISHED BY: 1) IMPROVING COMMERCIAL, EMPLOYMENT, HOUSING, CULTURAL AND RECREATIONAL OPPORTUNITIES IN DOWNTOWN; 2) PROMOTING DOWNTOWN AS AN EXCITING PLACE TO WORK, LIVE, PLAY, SHOP, DINE AND INVEST; 3) ENCOURAGING COOPERATION, LEADERSHIP AND VOLUNTEERISM IN THE COMMUNITY; AND 4) PRESERVING, RESTORING AND IMPROVING THE APPEARANCE, SAFETY AND ACCESSIBILITY OF DOWNTOWN CONCORD, NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION: PROMOTING DOWNTOWN CONCORD AS AN EXCITING PLACE TO WORK, LIVE, PLAY, DO BUSINESS AND INVEST. INCLUDING ADMINISTERING FUNDS IN CONNECTION WITH SUCH PROMOTION.
ECONOMIC DEVELOPMENT: FOSTERING THE GROWTH AND IMPROVING THE COMMERCIAL, EMPLOYMENT, HOUSING, CULTURAL AND RECREATIONAL OPPORTUNITIES IN DOWNTOWN CONCORD, NEW HAMPSHIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Martin Executive Di | Officer | 40 | $68,000 |
Julie Bushaw President | OfficerTrustee | 3 | $0 |
Ryan Hvizda Vice Preside | OfficerTrustee | 1 | $0 |
Ryan Poirier Treasurer | OfficerTrustee | 3 | $0 |
Jayne Rayno Secretary | OfficerTrustee | 1 | $0 |
Stephanie Clark Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,135 |
| Noncash contributions included in lines 1a–1f | $7,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,618 |
| Total Program Service Revenue | $94,879 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,000 |
| Compensation of current officers, directors, key employees. | $6,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,000 |
| Payroll taxes | $8,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,300 |
| Office expenses | $6,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,661 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $716 |
| Insurance | $3,329 |
| All other expenses | $7,391 |
| Total functional expenses | $209,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32 |
| Savings and temporary cash investments | $156,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,358 |
| Net Land, buildings, and equipment | $1,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,764 |
| Accounts payable and accrued expenses | $166 |
| Grants payable | $0 |
| Deferred revenue | $4,550 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,958 |
| Total liabilities | $62,674 |
| Net assets without donor restrictions | $95,440 |
| Net assets with donor restrictions | $1,650 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $159,764 |
Grants Awarded
Over the last fiscal year, Intown Concord has awarded $15,850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATED ENTERPRISES PURPOSE: FACADE IMPROVEMENT | $10,000 |
UNFRANCHISED AUTO CARE PURPOSE: FACADE IMPROVEMENT | $5,850 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Intown Concord has recieved totaling $11,500.
| Awarding Organization | Amount |
|---|---|
Timothy & Abigail B Walker Lecture Fund Concord, NH PURPOSE: COMMUNITY EVENTS | $10,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Development Corporation Bangor, ME | $11,518,769 | $64,676,194 |
Northern Maine Development Commission Inc Caribou, ME | $20,810,299 | $32,269,814 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |
The Resource Inc For Community And Economic Development North Eastham, MA | $2,064,773 | $3,152,233 |
New England Council Inc Boston, MA | $13,389,867 | $3,995,081 |
Main South Community Development Corporation Worcester, MA | $15,010,122 | $3,407,145 |
Maine Development Foundation Hallowell, ME | $970,799 | $2,681,444 |
Center For Economic Democracy Boston, MA | $11,558,653 | $3,979,312 |
Maine Tourism Association Hallowell, ME | $2,552,212 | $2,806,092 |
Central Square Business Improvement District Inc Cambridge, MA | $657,722 | $2,519,554 |