Erie Downtown Partnership
- Assets
- $865.1k
- Revenue
- $680.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Erie, PA
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 45-0464988
Organization Overview
Erie Downtown Partnership is located in Erie, PA. The organization was established in 2004. 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. As of 12/2021, Erie Downtown Partnership employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erie Downtown Partnership 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, Erie Downtown Partnership generated $680.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $726.7k during the year ending 12/2021. While expenses have increased by 3.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S PURPOSES ARE TO ASSIST PROPERTY OWNERS IN MAKING IMPROVEMENTS AND PROVIDE INCREASED AND EXPANDED SERVICES WITHIN THE ESTABLISHED DISTRICT INCLUDING GENERAL MARKETING OF DOWNTOWN ERIE AND SUPPLEMENTAL CLEANING OF COMMON WALKWAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS RELATED TO MISSION
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 |
|---|---|---|---|
John Buchna Terminated 2022 Executive Dir. | Officer | 40 | $82,745 |
William Matrogran Chairman | OfficerTrustee | 1 | $0 |
Dr Keith Taylor Secretary | OfficerTrustee | 1 | $0 |
Michelle Griffith-Aresco Treasurer | OfficerTrustee | 1 | $0 |
Christopher Friday Vice President | OfficerTrustee | 1 | $0 |
Emily Fetcko Effective 2022 Acting CEO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $430,321 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,015 |
| Noncash contributions included in lines 1a–1f | $21,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,336 |
| Total Program Service Revenue | $0 |
| Investment income | $1,109 |
| 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 | $680,539 |
| 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. | $87,569 |
| Compensation of current officers, directors, key employees. | $87,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,594 |
| Pension plan accruals and contributions | $4,902 |
| Other employee benefits | $0 |
| Payroll taxes | $20,304 |
| 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 | $14,212 |
| Advertising and promotion | $17,143 |
| Office expenses | $3,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,864 |
| 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 | $12,096 |
| Insurance | $25,065 |
| All other expenses | $9,370 |
| Total functional expenses | $726,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,000 |
| Savings and temporary cash investments | $570,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,132 |
| 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 | $15,257 |
| Net Land, buildings, and equipment | $60,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $865,059 |
| Accounts payable and accrued expenses | $188,057 |
| Grants payable | $0 |
| Deferred revenue | $274,543 |
| 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 | $462,600 |
| Net assets without donor restrictions | $402,459 |
| Net assets with donor restrictions | $0 |
| 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 | $865,059 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Erie Downtown Partnership has recieved totaling $340,000.
| Awarding Organization | Amount |
|---|---|
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $340,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Center City Development Corporation Cincinnati, OH | $365,563,062 | $43,403,938 |
Gateway Economic Development Corporation Of Greater Cleveland Cleveland, OH | $401,423,840 | $30,122,951 |
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Capitol South Community Urban Redevelopment Corporation Columbus, OH | $40,052,734 | $27,422,003 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |