First Town Downtown Inc
- Assets
- $96.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Windsor, CT
- Founding
- 03/1997
- Data as of
- 06/2023
- EIN
- 06-1438253
Organization Overview
First Town Downtown Inc is located in Windsor, CT. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Town Downtown Inc 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 06/2023, First Town Downtown Inc generated $60.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $43.7k during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HOLD SPECIAL EVENTS, ACTIVITIES AND PROGRAMS TO BRING PEOPLE TO THE COMMERCE CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hoffman President | 2 | $0 | |
Stephanie Stone Secretary | 2 | $0 | |
Mae Maloney Vice President | 2 | $0 | |
Richard Esposito Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20,000 |
| Membership dues | $6,495 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,332 |
| Other Revenue | $6,748 |
| Total Revenue | $60,575 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $520 |
| Salaries, other compensation, and employee benefits | $26,220 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $4,664 |
| Printing, publications, postage, and shipping | $721 |
| Other expenses | $9,971 |
| Total expenses | $43,746 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,629 |
| Other assets | $0 |
| Total assets | $96,629 |
| Total liabilities | $10,774 |
| Net assets or fund balances | $85,855 |