Downtown Lawrence Inc
- Assets
- $46.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Lawrence, KS
- Founding
- 12/1976
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Downtown Lawrence Inc generated $136.3k 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 (6.8%) each year. All expenses for the organization totaled $174.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Sally Zogry Executive Dir. | 40 | $57,200 | |
Maren Ludwig Vice President | 2 | $0 | |
Maley Wilkins Treasurer | 2 | $0 | |
Emily Guffey Secretary | 2 | $0 | |
Codi Bates Director | 2 | $0 | |
Kelly Corcoran Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,500 |
| Total Program Service Revenue | $64,688 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,095 |
| Total Revenue | $136,301 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,191 |
| Professional fees and other payments to independent contractors | $2,261 |
| Occupancy, rent, utilities, and maintenance | $4,825 |
| Printing, publications, postage, and shipping | $607 |
| Other expenses | $86,923 |
| Total expenses | $174,807 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,622 |
| Other assets | $0 |
| Total assets | $46,611 |
| Total liabilities | $5,641 |
| Net assets or fund balances | $40,970 |
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 |
BRACKERS GOOD EARTH CLAYS INC PURPOSE: REIMBURSE COVID SAFETY EXPENSES | $14,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |
Branson Chamber Of Commerce Branson, MO | $7,433,805 | $4,271,534 |
Missouri Association Of Realtors Columbia, MO | $17,146,972 | $6,043,805 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Oklahoma State Chamber Of Commerce And Associated Industries Oklahoma City, OK | $3,080,131 | $4,188,271 |