Winchester Downtown Program
- Assets
- $1.5m
- Revenue
- $472.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Winchester, TN
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 20-8939437
Organization Overview
Winchester Downtown Program is located in Winchester, TN. The organization was established in 2007. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winchester Downtown Program 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, Winchester Downtown Program generated $472.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $180.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SHALL PROMOTE SPONSOR EDUCATE AND INFORM CITIZENS ON TOPICS OF COMMON INTEREST AND CONCERN TO THE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENTATION OF A LONG TERM STRATEGIC PLAN TO REVITALIZE THE DOWNTOWN AREA. ASSISTING THE CITY OF WINCHESTER AND MERCHANTS IN IMPROVING THE APPEARANCE OF THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Ashby Director | Trustee | $0 | |
Randy Sanders Director | Trustee | $0 | |
Tim Priest Director | Trustee | $0 | |
Jen Mccarty Director | Trustee | $0 | |
Bruce Spencer Director | Trustee | $0 | |
Michelle Earle Chairman | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $450,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,580 |
| Total Program Service Revenue | $0 |
| Investment income | $8,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,548 |
| 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 | $472,316 |
| 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 | $51,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,364 |
| Office expenses | $6,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,067 |
| Travel | $1,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,690 |
| Interest | $6,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,790 |
| Insurance | $4,207 |
| All other expenses | $0 |
| Total functional expenses | $180,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $946,334 |
| 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 | $452,093 |
| Investments—publicly traded securities | $72,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,898 |
| Accounts payable and accrued expenses | $4,138 |
| 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 | $0 |
| Total liabilities | $4,138 |
| Net assets without donor restrictions | $1,466,760 |
| Net assets with donor restrictions | $0 |
| 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 | $1,470,898 |