London Downtown Inc
- Assets
- $74.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- London, KY
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 20-1932141
Organization Overview
London Downtown Inc is located in London, KY. The organization was established in 2006. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, 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. London 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 12/2022, London Downtown Inc generated $110.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $119.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3
DOWNTOWN BEAUTIFICATION AND ACTIVITIES IN DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Rea Executive Di | 0 | $24,000 | |
Greg Kitzmiller Vice-Preside | 0 | $0 | |
Kelvin Hibbard President | 0 | $0 | |
Jake Beckner Treasurer | 0 | $0 | |
Shannon Melton Secretary | 0 | $0 | |
Lindsey Gay Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $110,795 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,795 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,000 |
| Professional fees and other payments to independent contractors | $48,066 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,944 |
| Total expenses | $119,010 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,999 |
| Other assets | $0 |
| Total assets | $73,999 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,999 |