Downtown Kannapolis Inc
- Assets
- $29.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kannapolis, NC
- Founding
- 06/2012
- Data as of
- 06/2022
- EIN
- 45-3230743
Organization Overview
Downtown Kannapolis Inc is located in Kannapolis, NC. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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 Kannapolis Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Downtown Kannapolis Inc generated $14.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (66.1%) each year. All expenses for the organization totaled $100.0 during the year ending 06/2022. 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
WORKED ON BUILDING A BETTER RELATIONSHIP BETWEEN BUSI- NESS OWNERS, THE CITY OF KANNAPOLIS, AND CITIZENS OF KANNAPOLIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Dearmon Secretary | 4 | $0 | |
Kenneth Rodell President | 4 | $0 | |
Ann Brackett Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $100 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,582 |
| Other assets | $0 |
| Total assets | $29,143 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,143 |
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