Downtown Pkb Inc

Organization Overview

Downtown Pkb Inc is located in Parkersburg, WV. The organization was established in 2014. 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 12/2022, Downtown Pkb Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Pkb 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 Pkb Inc generated $431.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $400.8k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DOWNTOWN PKB PROMOTES DOWNTOWN PARKERSBURG, FOSTERS ECONOMIC OPPORTUNITY AND CREATES COMMUNITY VITALITY. THE GOAL IS TO CREATE A VIBRANT COMMERCIAL DISTRICT THAT WILL PROVIDE DOWNTOWN BUSINESSES, WORKERS AND NEARBY RESIDENTS WITH GOODS AND SERVICES THEY NEED, AS WELL AS CREATE EDUCATIONAL, ENTERTAINMENT AND TOURISM OPPORTUNITIES. IN 2010, THE CITY OF PARKERSBURG APPLIED TO BE PART OF THE WEST VIRGINIA ONTRAC (ORGANIZATION, TRAINING, REVITALIZATION AND CAPACITY) PROGRAM AND WAS SELECTED TO PARTICIPATE. THE ONTRAC PROGRAM WAS CREATED BY MAIN STREET WEST VIRGINIA AND THE NATIONAL HISTORIC TRUST TO HELP CITIES CREATE A COMPREHENSIVE APPROACH TO ECONOMIC REVITALIZATION AND HISTORIC PRESERVATION BY FOCUSING ON FOUR KEY AREAS: DESIGN, PROMOTION, ECONOMIC RESTRUCTURING AND ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TASTE OF PARKERSBURG


ALL OTHER PROGRAMS AND SPECIAL EVENTS, TO STIMULATE AND RESTORE VIABILITY TO THE DOWNTOWN PARKERSBURG AREA.


DOWNTOWN THROWDOWN


POINT PARK CONCERT SERIES - PROMOTE DOWNTOWN PARKERSBURG THROUGH THE OPERATION OF SPECIAL EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Amanda Stevens
Executive Di
$59,154
Wendy Shriver
Secretary
$0
Lindsey Piersol
President
$0
Marvin Edwards
Vice Preside
$0
John Nicholson
Treasurer
$0
Lindsey Anderson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $99,250
All other contributions, gifts, grants, and similar amounts not included above$117,495
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$216,745
Total Program Service Revenue$213,700
Investment income $969
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 $431,414

Peer Organizations

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$82,302,277
Cincinnati Center City Development Corporation
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$18,623,535
Capitol South Community Urban Redevelopment Corporation
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$13,517,756
Community Action Of South Eastern West Virginia
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$13,634,857
City Of Baltimore Development Corporation
Baltimore, MD
$7,592,660
Rising Tide Community Loan Fund
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$8,811,127
Pittsburgh Downtown Partnership
Pittsburgh, PA
$9,502,366
Venture Richmond Inc
Richmond, VA
$8,083,211
Downtown Cleveland Improvementcorporation
Cleveland, OH
$5,263,381
Maryland Manufacturing Service Inc
Salisbury, MD
$4,902,403
Prince Georges County Economic Development Corporation
Largo, MD
$5,105,140
Ohio Capital Finance Corporation
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$18,182,307
The Columbus Partnership
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$9,362,677
Common Ground Alliance
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$4,181,198
Enterprise Center
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$6,353,979
Baltimore Community Lending Inc
Baltimore, MD
$4,865,383
North Central Pennsylvania Regional Planning And Development Commi
Ridgway, PA
$5,098,321
Anne Arundel Economic Development Corporation
Annapolis, MD
$3,951,927
Bounce Innovation Hub
Akron, OH
$3,200,814
Cleveland Development Advisors Community Reinvestment Fund Inc
Cleveland, OH
$4,293,488
Warriors Inc
Youngstown, OH
$5,227,949
Lucas County Economic Development Corporation
Toledo, OH
$4,608,812
Downtown Cincinnati Inc
Cincinnati, OH
$3,130,683
Slavic Village Development
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$3,155,492

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