Freeport Downtown Development Foundation Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Freeport, IL
- Founding
- Data as of
- 09/2018
- EIN
- 36-4250183
Organization Overview
Freeport Downtown Development Foundation Inc is located in Freeport, IL. Freeport Downtown Development Foundation 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 09/2018, Freeport Downtown Development Foundation Inc generated $145.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $203.5k during the year ending 09/2018. 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
2018
Describe the Organization's Program Activity:
Part 3
FREEPORT DOWNTOWN DEVELOPMENT FOUNDATION HELD SEVERAL EVENTS DURING THE YEAR TO PROMOTE THE CIVIC AND CULTURAL GROWTH OF THE DOWNTOWN AREA AND TO PROMOTE THE ORGANIZATION'S PLANS FOR REVITALIZING THE DOWTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Pizzolato Director | 2 | $0 | |
Carole Dickerson Director | 2 | $0 | |
Josh Elliott President | 3 | $0 | |
Connie Sorn Director | 2 | $0 | |
Bill Hadley Director | 2 | $0 | |
Marcia Toepfer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,585 |
| Total Program Service Revenue | $126,741 |
| Membership dues | $0 |
| Investment income | $33 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,795 |
| Other Revenue | $0 |
| Total Revenue | $145,227 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,781 |
| Professional fees and other payments to independent contractors | $14,365 |
| Occupancy, rent, utilities, and maintenance | $5,517 |
| Printing, publications, postage, and shipping | $50 |
| Other expenses | $135,835 |
| Total expenses | $203,548 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |