Downtown Blackstone Inc
- Assets
- $73.2k
- Revenue
- $98.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Blackstone, VA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-8761491
Organization Overview
Downtown Blackstone Inc is located in Blackstone, VA. The organization was established in 2008. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Downtown Blackstone 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, Downtown Blackstone Inc generated $98.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $100.3k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS AN INVITING PLACE TO VISIT AND SHOP, A PRODUCTIVE PLACE TO WORK AND A PROFITABLE PLACE TO INVEST. WE WILL ACCOMPLISH THIS MISSION * THROUGH BUILDING PARTNERSHIPS AND COALITIONS WITH MERCHANTS, PROPERTY OWNERS, DEVELOPERS AND GOVERNMENT ENTITIES; * THROUGH WORKING TO ENHANCE AND IMPROVE THE LOOK AND FEEL OF THE DOWNTOWN STREETSCAPE; AND * THROUGH FOSTERING VIBRANCE THAT ATTRACTS DEVELOPMENT AND REDEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC RESTRUCTURING - THE ECONOMIC RESTRUCTURING COMMITTEE HAS THE JOB OF IDENTIFYING NEW MARKET OPPORTUNITIES FOR THE TRADITIONAL COMMERCIAL DISTRICT, FINDING NEW USEDS FOR HISTORIC COMMERCIAL BUILDINGS AND STIMULATING INVESTMENT IN PROPERTY. TO SUCCEED, THIS COMMITTEE MUST DEVELOP A THOROUGH UNDERSTANDING OF THE COMMUNITY'S ECONOMIC CONDITION AND OPPORTUNITIES FOR INCREMENTAL MARKET GROWTH. SPECIFICALLY: * STRENGTHENING EXISTING BUSINESSES AND RECRUITING NEW ONES, * FINDING NEW ECONOMIC USES FOR TRADITIONAL MAIN STREET BUILDINGS, * DEVELOPING FINANCIAL INCESTIVES AND CAPITAL FOR BUILDING REHABILITATIONS AND BUSINESS DEVELOPMENT; * MONITORING THE ECONOMIC PERFORMANCE OF THE DISTRICT. * ECONOMIC RESTRUCTURING PLAN.
DESIGN - THE DESIGN COMMITTEE PLAYS A KEY ROLE IN SHAPING THE PHYSICAL IMAGE OF MAIN STREET AS A PLACE ATTRACTIVE TO SHOPPERS, INVESTORS, BUSINESS OWNERS AND VISITORS. TO SUCCEED THIS COMMITTEE MUST PERSUADE BUSINESS OWNERS, BUILDING OWNERS AND CIVIC LEADERS TO ADOPT A SPECIFIC APPROACH FOR PHYSICAL IMPROVEMENTS TO BUILDINGS, BUSINESSESS AND PUBLIC IMPROVEMENTS. SPECIFICALLY - * EDUCATING OTHERS ABOUT GOOD DESIGN, - ENHANCING THE IMAGE OF EACH BUSINESS AS WELL AS THAT OF THE DISTRICT, * PROVIDING GOOD DESIGN ADVICE - ENCOURAGING QUALITY IMPROVEMENTS TO PRIVATE PROPERTIES AND PUBLIC SPACES;
PROMOTIONS AND ORGANIZATION - THESE COMMITTEES HAVE THE JOB OF PROMOTING DOWNTOWN AS THE CENTER OF COMMERCE, CULTURE AND COMMUNITY LIFE FOR RESIDENTS AND VISITORS ALIKE. TO BE EFFECTIVE THEY MUST MOVE BEYOND COOKIE-CUTTER DOWNTOWN PROMOTION IDEAS. SPECIFICALLY - * UNDERSTANDING THE CHANGING MARKET - IDENTIFYING BOTH POTENTIAL SHOPPERS AND THE COMPETITION; * IDENTIFYING DOWNTOWN ASSETS - INCLUDING PEOPLE, BUILDINGS, HERITAGE AND INSTITUTIONS; * DEFINING MAIN STREETS MARKET NICHE - ITS UNIQUE POSITION IN THE MARKETPLACE:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Sarafin Executive Dir. | Trustee | 40 | $33,917 |
Field West President | OfficerTrustee | 5 | $0 |
Scott Lewis Treasurer | OfficerTrustee | 4 | $0 |
Kelly Chaney Vice President | OfficerTrustee | 3 | $0 |
Taylor Quicke Director | Trustee | 10 | $0 |
Shirley M Wilkins Former Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,140 |
| Total Program Service Revenue | $2,568 |
| Investment income | $8 |
| 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 | $98,716 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,979 |
| Office expenses | $3,758 |
| Information technology | $5,000 |
| Royalties | $0 |
| Occupancy | $1,602 |
| Travel | $474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $522 |
| All other expenses | $145 |
| Total functional expenses | $100,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $400 |
| Other assets | $4 |
| Total assets | $73,199 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $25,000 |
| 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 | $7,382 |
| Total liabilities | $32,382 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $42,386 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,569 |
| Total liabilities and net assets/fund balances | $73,199 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Blackstone Inc has recieved totaling $24.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Self-Help Services Corp Durham, NC | $8,574,851 | $67,460,504 |
International Training Fund Annapolis, MD | $65,607,769 | $32,226,310 |
Center For Community Change Washington, DC | $47,020,939 | $18,160,209 |
People Incorporated Of Virginia Abingdon, VA | $22,478,644 | $16,537,740 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Heart Of America Foundation Washington, DC | $21,952,714 | $13,311,439 |
Waterfront Partnership Of Baltimore Inc Baltimore, MD | $10,304,693 | $15,904,703 |
N Street Village Inc Washington, DC | $31,040,838 | $11,867,277 |
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Competitive Enterprise Institute Washington, DC | $5,463,449 | $7,758,776 |
Building Bridges Across The River Washington, DC | $56,784,233 | $13,914,024 |
Echelon Community Services Washington, DC | $2,480,354 | $6,411,075 |