Downtown Blackstone Inc

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 12/2023, Downtown Blackstone Inc generated $117.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $74.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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)Compensation
Dianna Lester
Director
$0
Jake Allman
Director
$0
Chastiddy Bryant
Ex Officio
$0
Kelly Chaney
President
$0
Nancy Alexander
Executive Dir.
$0
Michael Bagley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $100,333
All other contributions, gifts, grants, and similar amounts not included above$9,109
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$109,442
Total Program Service Revenue$8,010
Investment income $0
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 $117,452

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