Lewisburg Downtown Partnership
- Assets
- $293.9k
- Revenue
- $261.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Lewisburg, PA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 23-3053027
Organization Overview
Lewisburg Downtown Partnership is located in Lewisburg, PA. The organization was established in 2000. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lewisburg Downtown Partnership employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lewisburg Downtown Partnership 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, Lewisburg Downtown Partnership generated $261.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $230.3k during the year ending 12/2021. While expenses have increased by 4.5% 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
DOWNTOWN DEVELOPMENT, REVITALIZATION AND PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN DEVELOPMENT, REVITALIZATION AND PROMOTION
ICE FESTIVAL
SUMMER KICKOFF & FALL MUSIC FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Wilson Board Member | Trustee | 2 | $0 |
Rob Antanitis Board Member | Trustee | 2 | $0 |
Lise Barrick Board Member | Trustee | 2 | $0 |
Kendy Alvarez Board Member | Trustee | 2 | $0 |
Coleby Kauffman Board Member | Trustee | 2 | $0 |
Ted Strosser Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,246 |
| Investment income | $120 |
| 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 | $261,428 |
| Statement of Expenses | |
|---|---|
| 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. | $60,500 |
| Compensation to disqualified persons | $30,771 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,411 |
| Office expenses | $2,322 |
| Information technology | $8,625 |
| Royalties | $0 |
| Occupancy | $11,109 |
| Travel | $1,378 |
| 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 | $528 |
| Insurance | $2,443 |
| All other expenses | $0 |
| Total functional expenses | $230,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,961 |
| Savings and temporary cash investments | $118,092 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,320 |
| Total assets | $293,874 |
| Accounts payable and accrued expenses | $0 |
| 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 | $140,189 |
| Total liabilities | $140,189 |
| Net assets without donor restrictions | $113,089 |
| Net assets with donor restrictions | $40,596 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $153,685 |