Batesville Downtown Foundation Inc
- Assets
- $1.0m
- Revenue
- $74.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Batesville, AR
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1436462
Organization Overview
Batesville Downtown Foundation Inc is located in Batesville, AR. The organization was established in 2015. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Batesville Downtown 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 12/2021, Batesville Downtown Foundation Inc generated $74.4k 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 (6.9%) each year. All expenses for the organization totaled $59.7k during the year ending 12/2021. 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
PROVIDE A FUNDING MECHANISM TO ENHANCE HISTORIC DOWNTOWN BATESVILLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCUMULATE FUNDS TO BE USED IN VARIOUS PROJECTS TO ENHANCE HISTORIC DOWNTOWN BATESVILLE FOR THE GOOD OF INDENDPENDENCE COUNTY, AR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Conduitt Director | OfficerTrustee | 2 | $0 |
Julie Hinkle Treasurer | OfficerTrustee | 2 | $0 |
Renae Long Secretary | OfficerTrustee | 2 | $0 |
Robert Carius Director | OfficerTrustee | 5 | $0 |
Robb Roberts President | Trustee | 2 | $0 |
Ned Metcalf Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,067 |
| Total Program Service Revenue | $0 |
| Investment income | $22,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,232 |
| Net Gain/Loss on Asset Sales | $20,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,948 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,886 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,742 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,902 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,284 |
| Insurance | $0 |
| All other expenses | $28,653 |
| Total functional expenses | $59,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,015 |
| Savings and temporary cash investments | $251,122 |
| 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 | $225,800 |
| Investments—publicly traded securities | $481,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,012,232 |
| Accounts payable and accrued expenses | $0 |
| 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 | $65,249 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,249 |
| Net assets without donor restrictions | $946,983 |
| 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 | $1,012,232 |
Grants Awarded
Over the last fiscal year, Batesville Downtown Foundation Inc has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BATESVILLE DOWNTOWN INCUBATOR | | | $0 |
BATESVILLE DOWNTOWN LOFT APARTMENTS | | | $0 |
BATESVILLE DOWNTOWN STREETSCAPE | | | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corn Heritage Village Of Corn Inc Corn, OK | $5,772,212 | $6,524,606 |
The Glass-Glen Burnie Foundation San Antonio, TX | $57,955,575 | $7,795,930 |
Logan County Historical Society Inc Guthrie, OK | $4,494,727 | $3,890,411 |
Glenwood Cemetery Historic Preservation Foundation Houston, TX | $14,327,561 | $1,485,128 |
Restland Memorial Park Assn Houston, TX | $24,470,404 | $2,045,999 |
Battle Of Franklin Trust Inc Franklin, TN | $7,284,567 | $2,394,985 |
Fort Worth South Inc Fort Worth, TX | $860,900 | $1,913,143 |
Air Legends Foundation San Antonio, TX | $20,115,931 | $3,195,000 |
Deep Ellum Foundation Dallas, TX | $1,616,864 | $1,817,112 |
Amistad Research Center New Orleans, LA | $6,399,873 | $1,567,988 |
Beauvoir The Jefferson Davis Home & Presidential Library Biloxi, MS | $22,161,928 | $771,577 |
Society Of Martha Washington Laredo, TX | $723,643 | $1,002,745 |