Hopewell Downtown Partnership Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hopewell, VA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 26-1282648
Organization Overview
Hopewell Downtown Partnership Inc is located in Hopewell, VA. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: 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. Hopewell Downtown Partnership 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 12/2021, Hopewell Downtown Partnership Inc generated $128.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $99.7k during the year ending 12/2021. While expenses have increased by 1.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND ASSIST DOWNTOWN DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Dean Vice President | 1 | $0 | |
Rita Joyner President | 1 | $0 | |
Betty Ware Secretary | 1 | $0 | |
Cristina Luman Bailey Officer | 1 | $0 | |
Mary French Elder Officer | 1 | $0 | |
Kathy Ash Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,407 |
| Total Program Service Revenue | $70,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$30,559 |
| Other Revenue | $0 |
| Total Revenue | $128,848 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,167 |
| Professional fees and other payments to independent contractors | $7,901 |
| Occupancy, rent, utilities, and maintenance | $2,973 |
| Printing, publications, postage, and shipping | $5,321 |
| Other expenses | $22,347 |
| Total expenses | $99,709 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hopewell Downtown Partnership Inc has recieved totaling $102,500.
| Awarding Organization | Amount |
|---|---|
Cameron Foundation Petersburg, VA PURPOSE: COMMUNITY & ECONOMIC DEVELOPMNT:OPERATING SUPPORT | $30,000 |
John Randolph Foundation Support Fund Inc Hopewell, VA PURPOSE: CHARITABLE SUPPORT | $30,000 |
Hca Healthcare Foundation Nashville, TN PURPOSE: OPERATIONAL FUNDING REQUEST | $10,000 |
Bon Secours Richmond Health System Richmond, VA PURPOSE: MISSION SUPPORT | $10,000 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Cultureworks Inc Richmond, VA PURPOSE: General Grant Funding | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Salisbury Wicomico Economic Development Inc Salisbury, MD | $1,249,911 | $5,424,669 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Ohio Valley Industrial And Business Development Corporation Wheeling, WV | $52,241,804 | $7,887,097 |
Tri-County Council For Southern Maryland Hughesville, MD | $3,701,278 | $4,380,488 |