Downtown Lima Inc
- Assets
- $208.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lima, OH
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 31-1549007
Organization Overview
Downtown Lima Inc is located in Lima, OH. The organization was established in 1999. 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. Downtown Lima 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 12/2022, Downtown Lima Inc generated $161.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $148.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICES INCLUDE COORDINATING SPECIAL EVENTS, PROMOTING TOURISM, PURCHASING ITEMS AND SERVICES FOR THE BEAUTIFICATION OF THE AREA, AND RECOGNIZING CONTRIBUTIONS TO THE DOWNTOWN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Billingsley Executive Director | 40 | $43,847 | |
Karen Sommer President | 0 | $0 | |
Kevin Reeks Vice President | 0 | $0 | |
Cheryl Verhoff Treasurer | 0 | $0 | |
Jeff Williams Trustee | 0 | $0 | |
Bob Cook Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,667 |
| Total Program Service Revenue | $43,389 |
| Membership dues | $94,860 |
| Investment income | $5,554 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $161,470 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,212 |
| Professional fees and other payments to independent contractors | $15,530 |
| Occupancy, rent, utilities, and maintenance | $6,806 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,756 |
| Total expenses | $148,304 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,423 |
| Other assets | $0 |
| Total assets | $208,487 |
| Total liabilities | $7,494 |
| Net assets or fund balances | $200,993 |