Downtown Huntsville Inc
- Assets
- $350.7k
- Revenue
- $576.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Huntsville, AL
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 46-2226669
Organization Overview
Downtown Huntsville Inc is located in Huntsville, AL. The organization was established in 2013. 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. As of 12/2022, Downtown Huntsville Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Huntsville 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 12/2022, Downtown Huntsville Inc generated $576.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $631.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN HUNTSVILLE INC IS COMMITTED TO CREATING A VIBRANT, DIVERSE AND ECONOMICALLY SUSTAINABLE DOWNTOWN HUNTSVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN HUNTSVILLE INC IS THE ECONOMIC ENGINE AND CHAMPION FOR A VIBRANT DOWNTOWN. (A) URBAN ENVIRONMENT MASTER PLANNING (B) BUSINESS DEVELOPMENT (C) ADVOCACY & PUBLIC POLICY (D) MARKETING & PUBLIC RELATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graham Burgess Treasurer | OfficerTrustee | 1 | $0 |
Jason Phillippe Director | OfficerTrustee | 1 | $0 |
Jason Greene Director | OfficerTrustee | 1 | $0 |
Patrick Quirk Director | Trustee | 1 | $0 |
Candy Burnett Secretary | Trustee | 1 | $0 |
John Greco Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $139,067 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,067 |
| Total Program Service Revenue | $437,396 |
| Investment income | $32 |
| 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 | $576,495 |
| 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. | $171,890 |
| Compensation of current officers, directors, key employees. | $85,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,722 |
| Pension plan accruals and contributions | $4,877 |
| Other employee benefits | $29,017 |
| Payroll taxes | $22,689 |
| Fees for services: Management | $2,381 |
| Fees for services: Legal | $770 |
| Fees for services: Accounting | $8,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,237 |
| Office expenses | $3,757 |
| Information technology | $5,248 |
| Royalties | $0 |
| Occupancy | $15,600 |
| Travel | $1,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,224 |
| All other expenses | $3,754 |
| Total functional expenses | $631,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,082 |
| Savings and temporary cash investments | $334,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $350,707 |
| Accounts payable and accrued expenses | $8,421 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,421 |
| Net assets without donor restrictions | $0 |
| 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 | $342,286 |
| Total liabilities and net assets/fund balances | $350,707 |