Downtown Bellefonte Inc

Organization Overview

Downtown Bellefonte Inc is located in Bellefonte, PA. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Downtown Bellefonte Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Bellefonte 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 Bellefonte Inc generated $192.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $150.6k during the year ending 12/2022. While expenses have increased by 31.8% per year over the past 4 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

TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN DOWNTOWN BELLEFONTE

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN DOWNTOWN BELLEFONTE


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Board, Officers & Key Employees

Name (title)Compensation
Ellen Matis
President
$0
Michael Scott
Vice President
$0
Nate Mcfadden
Treasurer
$0
Stephanie Peters
Secretary
$0
Rod Beard
Director
$0
Steve Brawley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $31,108
All other contributions, gifts, grants, and similar amounts not included above$46,280
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$77,388
Total Program Service Revenue$82,892
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,269
Net Income from Fundraising Events $30,530
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $192,079

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