Friends Of Historic Downtown West Branch
- Assets
- $146.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Branch, IA
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 20-3304311
Organization Overview
Friends Of Historic Downtown West Branch is located in West Branch, IA. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Friends Of Historic Downtown West Branch 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, Friends Of Historic Downtown West Branch generated $138.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $123.5k during the year ending 12/2022. While expenses have increased by 23.2% 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
2022
Describe the Organization's Program Activity:
Part 3
MAINTAINED OFFICE IN DOWNTOWN WEST BRANCH WITH PAID DIRECTOR TO COORDINATEOVER 50 VOLUNTEERS. PROMOTED SUMMER CONCERTS, FARMERS MARKETS, HOOVER HOME TOWN DAYS,AND CHRISTMAS PAST EVENTS FOR THE PUBLIC. MADE LOANS TO IMPROVE LOCAL BUSINESSES AND BUIDLINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Anderson Treasurer | 2 | $0 | |
Nicki Brick President | 6 | $0 | |
Steven Grace Vice President | 2 | $0 | |
Jessi Simon Exec. Director | 25 | $30,750 | |
Paula Rogers Secretary | 2 | $0 | |
Tiffany Frederick Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,251 |
| Total Program Service Revenue | $80,025 |
| Membership dues | $0 |
| Investment income | $531 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,920 |
| Other Revenue | $0 |
| Total Revenue | $138,727 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,338 |
| Professional fees and other payments to independent contractors | $475 |
| Occupancy, rent, utilities, and maintenance | $1,919 |
| Printing, publications, postage, and shipping | $375 |
| Other expenses | $13,770 |
| Total expenses | $123,484 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,243 |
| Other assets | $0 |
| Total assets | $146,097 |
| Total liabilities | $0 |
| Net assets or fund balances | $146,097 |