Chapel Hill Downtown Partnership Inc
- Assets
- $391.9k
- Revenue
- $704.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Chapel Hill, NC
- Founding
- 06/2006
- Data as of
- 06/2022
- EIN
- 20-1561219
Organization Overview
Chapel Hill Downtown Partnership Inc is located in Chapel Hill, NC. The organization was established in 2006. 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 06/2022, Chapel Hill Downtown Partnership Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Hill Downtown Partnership 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 06/2022, Chapel Hill Downtown Partnership Inc generated $704.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $623.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING THE RESOURCES OF THE TOWN, UNIVERSITY AND DOWNTOWN COMMUNITY TOGETHER TO MAINTAIN, ENHANCE AND PROMOTE THE DOWNTOWN AREA AS THE SOCIAL, CULTURAL AND SPIRITUAL CENTER OF CHAPEL HILL THROUGH ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LED AND MANAGED THE DOWNTOWN AREA THROUGH PARTNERSHIP EFFORTS; MARKETING AND PROMOTIONS IMPROVING THE VISUAL APPEAL OF DOWNTOWN; AND REBUILDING DOWNTOWN AS A MIXED USE CENTER OF RETAIL SERVICE, PROFESSIONAL, GOVERNMENTAL, INSTITUTIONAL AND RESIDENTIAL USES. WORKED WITH BUSINESS AND PROPERTY OWNERS AND ORGANIZATIONS TO IDENTIFY AND RECRUIT TENANTS AND BUSINESSES. COORDINATED AND HOSTED SEVERAL SPECIAL EVENTS TO BRING THE COMMUNITY TO DOWNTOWN CHAPEL HILL. ADVOCATED FOR BUSINESSES AND PROPERTY OWNERS ON ISSUES AND CHALLENGES AFFECTING THEM. PROVIDED BUSINESSES WITH HIGH-VISIBILITY, LOW-COST MARKETING PROMOTIONS THROUGH THE WEBSITE, EVENTS CALENDARS AND MARKETING E-MAILS.
THE CAMPUS AND COMMUNITY COALITION TO REDUCE THE NEGATIVE IMPACTS OF HIGH RISK DRINKING (THE COALITION) WAS FOUNDED IN 2016. IT IS A COLLABORATIVE EFFORT WITH REPRESENTATION AND FUNDING FROM THE TOWN OF CHAPEL HILL, UNC-CHAPEL HILL, THE ORANGE COUNTY HEALTH DEPARTMENT, AND THE ORANGE COUNTY ABC BOARD. THE COALITION IS TASKED WITH ADDRESSING THE COMPLEX PUBLIC HEALTH PROBLEM OF HIGH RISK DRINKING BY IMPLEMENTING A SERIES OF RECOMMENDATIONS THAT APPLY TO DOWNTOWN CHAPEL HILL, UNC-CHAPEL HILL, AND THE NEAR-CAMPUS NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Gladdek Executive Director | Officer | 40 | $81,436 |
Andrea Reusing Director | Trustee | 5 | $0 |
Len Wohadlo Director | Trustee | 5 | $0 |
Paula Gilliand Director | Trustee | 5 | $0 |
Cody Johnson Director | Trustee | 5 | $0 |
Jaime Sanchez Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $452,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,150 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| 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 | $704,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,542 |
| 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. | $105,123 |
| Compensation of current officers, directors, key employees. | $26,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,230 |
| Pension plan accruals and contributions | $1,673 |
| Other employee benefits | $16,143 |
| Payroll taxes | $17,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $36,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205,842 |
| Advertising and promotion | $35,503 |
| Office expenses | $7,811 |
| Information technology | $14,777 |
| Royalties | $0 |
| Occupancy | $6,300 |
| Travel | $1,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,057 |
| Insurance | $2,856 |
| All other expenses | $146 |
| Total functional expenses | $623,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,967 |
| Savings and temporary cash investments | $84,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,439 |
| 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 | $38,809 |
| Net Land, buildings, and equipment | $28,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $391,889 |
| Accounts payable and accrued expenses | $56,758 |
| Grants payable | $0 |
| Deferred revenue | $48,100 |
| 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 | $0 |
| Total liabilities | $104,858 |
| Net assets without donor restrictions | $169,166 |
| Net assets with donor restrictions | $117,865 |
| 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 | $391,889 |