Downtown Lawrence Inc
- Assets
- $34.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Lawrence, KS
- Founding
- 12/1976
- Data as of
- 12/2022
- EIN
- 48-0835760
Organization Overview
Downtown Lawrence Inc is located in Lawrence, KS. The organization was established in 1976. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Downtown Lawrence Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Lawrence 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 Lawrence Inc generated $144.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $155.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Downtown Lawrence Inc has awarded 27 individual grants totaling $330,335. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTION AND PERSERVATION OF THE CENTRAL BUSINESS DISTRICT OF THE CITY OF LAWRENCE, KANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Watkins President | 2 | $0 | |
Maren Ludwig Vice President | 2 | $0 | |
Maley Wilkins Treasurer | 2 | $0 | |
Emily Guffey Secretary | 2 | $0 | |
Blaine Carver-Allmond Director | 2 | $0 | |
Kelly Corcoran Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,500 |
| Total Program Service Revenue | $117,226 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,438 |
| Total Revenue | $144,171 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,749 |
| Professional fees and other payments to independent contractors | $1,673 |
| Occupancy, rent, utilities, and maintenance | $4,400 |
| Printing, publications, postage, and shipping | $185 |
| Other expenses | $82,396 |
| Total expenses | $155,403 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,420 |
| Other assets | $0 |
| Total assets | $34,409 |
| Total liabilities | $4,671 |
| Net assets or fund balances | $29,738 |
Grants Awarded
Over the last fiscal year, Downtown Lawrence Inc has awarded $330,335 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKINGHAM PALACE INC PURPOSE: REIMBURSE COVID SAFETY EXPENSES | $28,663 |
LADA SALON AND SPA PURPOSE: REIMBURSE COVID SAFETY EXPENSES | $23,319 |
PAWSH WASH & PET HEALTH MARKET PURPOSE: REIMBURSE COVID SAFETY EXPENSES | $19,686 |
BESPOKE ENTERPRISES INC PURPOSE: REIMBURSE COVID SAFETY EXPENSES | $17,500 |
ANDERSON RENTALS PURPOSE: REIMBURSE COVID SAFETY EXPENSES | $17,129 |
MIDWEST SODA DISTRIBUTION LLC PURPOSE: REIMBURSE COVID SAFETY EXPENSES | $14,579 |