Midtown Inc
- Assets
- $505.0k
- Revenue
- $214.6k
- Investments
- $170.6k
- Employees
- 6
- Location
- Columbus, GA
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-4713174
Organization Overview
Midtown Inc is located in Columbus, GA. The organization was established in 2006. 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. As of 12/2021, Midtown Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midtown 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, Midtown Inc generated $214.6k 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 (8.8%) each year. All expenses for the organization totaled $235.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH EDUCATION AND ADVOCACY, MIDTOWN INC INITIATES, SUPPORTS, AND SUSTAINS ECONOMIC AND NEIGHBORHOOD REVITALIZATION IN THE SIX SQUARE MILE AREA OF COLUMBUS, GEORGIA, KNOWN AS MIDTOWN
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDTOWN INC IS A COMMUNITY RENEWAL ORGANIZATION SERVING AN AREA OF OVER 6 SQUARE MILES IN THE HEART OF COLUMBUS. MIDTOWN INCORPORATES, IN ADDITION TO RESIDENTIAL NEIGHBORHOODS, SCHOOLS, PARKS, THE COLUMBUS MUSEUM, THE COLUMBUS PUBLIC LIBRARY, COMMERICAL OFFICE AND RETAIL DISTRICTS, AND THE INTERNATIONAL HEADQUARTERS OF AFLAC. SOME OF MIDTOWN'S MANY PROJECTS INCLUDE ARMORY ON MACON ROAD, MIDTOWN MERCHANTS ASSOCIATION, AND THE SEARS/LIBRARY PROPERTY SITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Mcdaniel Treasurer | OfficerTrustee | 2 | $0 |
Mattie Hall Director | OfficerTrustee | 2 | $0 |
Matt Massey Vice President | OfficerTrustee | 2 | $0 |
Jim Livingston Director | OfficerTrustee | 2 | $0 |
Olivia Pennington Secretary | OfficerTrustee | 2 | $0 |
Muffy Schladensky President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,540 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,516 |
| Total Program Service Revenue | $6,449 |
| Investment income | $3,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,192 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $82,500 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,487 |
| Fees for services: Accounting | $630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,961 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,593 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19 |
| Insurance | $3,843 |
| All other expenses | $9,572 |
| Total functional expenses | $235,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,462 |
| Savings and temporary cash investments | $5,807 |
| Pledges and grants receivable | $16,740 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $676 |
| Investments—publicly traded securities | $27,639 |
| Investments—other securities | $170,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $504,958 |
| Accounts payable and accrued expenses | $4,519 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1 |
| Total liabilities | $4,520 |
| Net assets without donor restrictions | $412,326 |
| Net assets with donor restrictions | $88,112 |
| 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 | $504,958 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Midtown Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Elizabeth Fry And Dupont Kirven Foundation Inc Columbus, GA PURPOSE: OTHER NON PROFIT ORGANIZATIONS | $2,500 |
Richard And Helen Robbins Familyfoundation Inc Columbus, GA PURPOSE: TO PROVIDE FUNDS TO ORGANIZATION | $500 |
Endowment Analysis
| Beg. Balance | $99,731 |
| Ending Balance | $99,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |