Decatur Corridor Development Inc
- Assets
- $296.9k
- Revenue
- $16.9k
- Investments
- $211.8k
- Employees
- 0
- Location
- Decatur, AL
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-1025360
Organization Overview
Decatur Corridor Development Inc is located in Decatur, AL. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur Corridor Development 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 12/2021, Decatur Corridor Development Inc generated $16.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $50.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wally Terry Director | 1 | $0 | |
Blake Mcanally Secretary | 1 | $0 | |
Skip Thompson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $725 |
| Dividends & Interest | $13,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,599 |
| Capital Gain Net Income | $3,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,313 |
| Total operating and administrative expenses | $23,373 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $50,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,072 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $15,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $296,860 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Decatur Corridor Development Inc has awarded $27,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCESS THEATER PURPOSE: COMMUNITY THEATER | $25,000 |
Decatur, AL PURPOSE: ARTS | $2,500 |
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