Downtown Lewistown Incorporated
- Assets
- $199.4k
- Revenue
- $280.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Lewistown, PA
- Founding
- 08/1999
- Data as of
- 09/2023
- EIN
- 25-1837616
Organization Overview
Downtown Lewistown Incorporated is located in Lewistown, PA. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Downtown Lewistown Incorporated 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 09/2023, Downtown Lewistown Incorporated generated $280.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $139.3k during the year ending 09/2023. 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
DOWNTOWN LEWISTOWN, INC. IS A NON-PROFIT, CHARITABLE ORGANIZATION ORGANIZED IN 1999. THE ORGANIZATION INCORPORATES A COMMUNITY-BASED REVITALIZATION EFFORT INVOLVING BUSINESS, GOVERNMENT AND CIVIC LEADERSHIP DESIGNED TO STIMULATE PRIVATE INVESTMENT IN DOWNTOWN LEWISTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET MEDIA GOOGLE PROGRAM. GOAL WAS TO REACH 1,000 BUSINESS OWNERS. GOAL WAS EXCEEDED AND MANY BENEFITED FROM THE GOOGLE ACCESS TRAINING TO ASSIST THEIR OWN SMALL BUSINESSES. THE REMAINING GRANT FUNDS WILL BE DISBURBED IN THE SUBSEQUENT TAX YEAR AND SUCH FUNDS HAVE BEEN CLASSIFIED AS RESTRICTED FUNDS.
THE ORGANIZATION RECEIVES CONTRIBUTIONS FROM THE COMMUNITY TO REVITALIZE BUSINESS, GOVERNMENT AND CIVIC LEADERSHIP IN THE DOWNTOWN LEWISTOWN AREA.
REAL ESTATE WAS DONTATED TO THE ORGANIZATION TO BE RESOLD TO THE COMMUNITY AND THE FUNDS TO BENEFIT LOCAL BUSINESSES IN GROWTH. THE PROPERTY RECEIVED A DOWNPAYMENT OF $10,000 AND WAS SOLD IN THE SUBSEQUENT TAX YEAR FOR A SALES PRICE OF $60,000. THE EXPENSES INCURRED HAVE BEEN CAPITALIZED AND WILL BE RECOGNIZED IN THE YEAR OF SALE. THE FMV OF THE PROPERTY WAS $90,000 AND THIS HAS BEEN RECOGNIZED AS REVENUE IN THE YEAR DONATED TO THE ORGANIZATION.
THE ORGANIZATION RECEIVES APPLICATION FEES FROM THE COMMUNITY THAT WILL ALLOW THEM TO REVITALIZE BUSINESS, GOVERNMENT AND CIVIC LEADERSHIP TO STIMULATE INVESTMENT IN THE DOWNTOWN LEWISTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Herto Board Member | Trustee | 1 | $0 |
Deb Bargo Board Member | Trustee | 1 | $0 |
Jim Lettiere Board Member | Trustee | 1 | $0 |
Dave Clemens Board Member | Trustee | 1 | $0 |
Kevin Kodish Board Member | Trustee | 1 | $0 |
Ron Napikoski Jr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,520 |
| Noncash contributions included in lines 1a–1f | $90,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,556 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| 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 | $280,575 |
| 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 | $48,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,814 |
| Payroll taxes | $4,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,384 |
| Travel | $0 |
| 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 | $766 |
| All other expenses | $0 |
| Total functional expenses | $139,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,864 |
| 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 | $750 |
| Investments—publicly traded securities | $291 |
| Investments—other securities | $0 |
| Investments—program-related | $107,449 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,354 |
| 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 | $11,210 |
| Total liabilities | $11,210 |
| Net assets without donor restrictions | $133,791 |
| Net assets with donor restrictions | $54,353 |
| 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 | $199,354 |