Winchester Downtown Program
- Assets
- $1.4m
- Revenue
- $395.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Winchester, TN
- Founding
- 10/2007
- Data as of
- 12/2021
- 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. As of 12/2021, Winchester Downtown Program employed 2 individuals. 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 12/2021, Winchester Downtown Program generated $395.3k 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 (4.1%) each year. All expenses for the organization totaled $184.5k during the year ending 12/2021. 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
THE ORGANIZATION SHALL PROMOTE, SPONSOR,EDUCATE AND INFORM CITIZENS ON TOPICS OF COMMON INTEREST AND CONCERN TO THE AREA. THE ORGANIZATION SHALL ALSO SPONSOR CULTURAL, EMPLOYMENT AND COMMERCIAL REVITALIZATION OF THE CITY OF WINCHESTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHMENT OF A LONG TERM STRATEGIC PLAN TO REVITALIZE THE DOWNTOWN AREA. ASSISTING THE CITY OF WINCHESTER AND WINCHESTER MERCHANTS IN IMPROVING THE APPEARANCE OF THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Crabtree Chairman | OfficerTrustee | 2 | $0 |
Margaret Lynch Vice-Chairman | OfficerTrustee | 5 | $0 |
Brant Mcgill Secretary Treasurer | OfficerTrustee | 5 | $0 |
Natalie Garner Director | Trustee | 1 | $0 |
Terry Harrell Director | Trustee | 1 | $0 |
Tim Priest Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $33 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,633 |
| Total Program Service Revenue | $0 |
| Investment income | $5,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,854 |
| 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 | $395,283 |
| 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 | $45,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,755 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,590 |
| Travel | $166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $552 |
| Interest | $23,926 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,736 |
| Insurance | $4,770 |
| All other expenses | $7,724 |
| Total functional expenses | $184,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,533 |
| Accounts receivable, net | $1,887 |
| 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 | $1,983 |
| Net Land, buildings, and equipment | $717,437 |
| Investments—publicly traded securities | $41,971 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,850 |
| Total assets | $1,359,631 |
| Accounts payable and accrued expenses | $13,755 |
| 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 | $435,824 |
| Other liabilities | $0 |
| Total liabilities | $449,579 |
| Net assets without donor restrictions | $910,052 |
| 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 | $1,359,631 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winchester Downtown Program has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
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 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |