Downtown Elkhart Inc
- Assets
- $12.7k
- Revenue
- -$9.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Elkhart, IN
- Founding
- 02/1987
- Data as of
- 12/2018
- EIN
- 31-1173964
Organization Overview
Downtown Elkhart Inc is located in Elkhart, IN. The organization was established in 1987. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. Downtown Elkhart Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN ELKHART, INC. IS A LOCAL ORGANIZATION WHOSE FUNCTION IS TO INSPIRE AND FACILITATE THE AESTHETIC, CULTURAL, CIVIC, SOCIAL AND ECONOMIC VITALITY OF THE DOWNTOWN CORE AREA, ENHANCING THE QUALITY OF LIFE OF THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY REHABILITATION - REHABILITATES REAL ESTATE PROPERTIES IN THE DOWNTOWN AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Borger Board Member | Trustee | 1 | $0 |
Tim Shelly Board Member | Trustee | 1 | $0 |
Glen Kaufmann Board Member | Trustee | 1 | $0 |
Wes Steffen Board Member | Trustee | 1 | $0 |
Mike Huber Board Member | Trustee | 1 | $0 |
Bill Lavery Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$9,402 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127 |
| Insurance | $0 |
| All other expenses | $1,012 |
| Total functional expenses | $2,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,700 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,700 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $12,700 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $12,700 |
Grants Awarded
Over the last fiscal year, Downtown Elkhart Inc has awarded $58,759 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: TO INSPIRE AND EMPOWER ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. | $400 |
BIG BROTHERS BIG SISTERS OF ELKHART COUNTY PURPOSE: TO PROVIDE CHILDREN FACING ADVERSITY WITH STRONG AND ENDURING, PROFESSIONALLY SUPPORTED ONE-TO-ONE MENTORING RELATIONSHIPS THAT CHANGE THEIR LIVES FOR THE BETTER, FOREVER. | $500 |
UNITED CANCER SERVICES PURPOSE: PROVIDING ASSISTANCE TO CANCER PATIENTS. | $8,000 |
FRIENDS OF THE LERNER PURPOSE: TO PROMOTE, SUPPORT, AND PROVIDE FINANCIAL AND OPERATIONAL ASSISTANCE TO IMPROVE AND ENHANCE THE OPERATIONS OF THE LEARNER THEATRE, A MUNICIPALLY OWNED PERFORMING ARTS THEATRE AND EVENT SPACE LOCATED IN ELKHART, INDIANA AND ASSIT IN THE PRESERVATION OF THIS HISTORICAL FACILITY. | $49,859 |