Downtown Bentonville Inc

Organization Overview

Downtown Bentonville Inc is located in Bentonville, AR. The organization was established in 2002. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Downtown Bentonville Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Bentonville 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 Bentonville Inc generated $958.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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

OUR FOCUS IS ON MAKING AWESOME EVENTS IN DOWNTOWN BENTONVILLE THAT BRING THE COMMUNITY TOGETHER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO DEVELOP AND MAINTAIN THE CHARACTER OF DOWNTOWN BENTONVILLE THROUGH ACTIVITIES SUCH AS THE SATURDAY MORNING FARRNERS MARKET THAT STARTS IN APRIL AND CONTINUES THROUGH OCTOBER. FIRST FRIDAY OFFERS LIVE MUSIC AND GREAT FOOD ON THE SQUARE. NOTES AT NIGHT OFFERS FREE MUSIC ON THE SQUARE ONCE A MONTH, HELPING DOWNTOWN RESTAURANTS WORK WITH LOCAL MUSICIANS. ADDITIONALLY, DOWNTOWN BENTONVILLE OVERSEES MANY OF THE ACTIVITIES SUCH AS HOLIDAY LIGHTING, PARADES, AND OTHER EVENTS THAT OCCUR DURING THE DAY AND EVENINGS THAT WILL ATTRACT FAMILIES OR THOSE LOOKING TO GET OUT FOR THE NIGHT


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Board, Officers & Key Employees

Name (title)Compensation
Heath Andrew
Executive Director
$103,950
Name Not Listed
Board Member
$0
Carson Kelly
Board Member
$0
Culpepper Lee
Board Member
$0
Dearing Michelle
Board Member
$0
Name Not Listed
Board President
$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$360,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$360,500
Total Program Service Revenue$520,306
Investment income $1,084
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 $957,958

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