Dungannon Development Commission Inc
- Assets
- $207.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dungannon, VA
- Founding
- 01/1980
- Data as of
- 05/2024
- EIN
- 51-0244870
Organization Overview
Dungannon Development Commission Inc is located in Dungannon, VA. The organization was established in 1980. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dungannon Development Commission 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 05/2024, Dungannon Development Commission Inc generated $94.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $90.5k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THRIFT STORE SALES DONATED FROM PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Buchanan President | 5 | $0 | |
Sue Rentfrow Treasurer | 5 | $0 | |
Debbie Hensley Secretary | 5 | $0 | |
Greg Puckett Director | 0 | $0 | |
Brenda Taylor Director | 0 | $0 | |
Sherry Beavers Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,175 |
| Total Program Service Revenue | $90,663 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,838 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,517 |
| Professional fees and other payments to independent contractors | $2,208 |
| Occupancy, rent, utilities, and maintenance | $16,373 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,386 |
| Total expenses | $90,484 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,071 |
| Other assets | $0 |
| Total assets | $207,571 |
| Total liabilities | $2,828 |
| Net assets or fund balances | $204,743 |