Downtown Milford Inc
- Assets
- $186.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, DE
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 51-0364402
Organization Overview
Downtown Milford Inc is located in Milford, DE. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Downtown Milford 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 06/2022, Downtown Milford Inc generated $99.4k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $68.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Rabe President | 10 | $0 | |
Sandra Gulledge Treasurer | 10 | $0 | |
Joey Phillips Director | 2 | $0 | |
Lang Redden Director | 2 | $0 | |
Matt Babbitt Director | 1 | $0 | |
Janne Collins Exec Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,739 |
| Total Program Service Revenue | $11,082 |
| Membership dues | $0 |
| Investment income | $129 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$23,515 |
| Other Revenue | $2,000 |
| Total Revenue | $99,435 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,702 |
| Professional fees and other payments to independent contractors | $775 |
| Occupancy, rent, utilities, and maintenance | $12,870 |
| Printing, publications, postage, and shipping | $347 |
| Other expenses | $28,880 |
| Total expenses | $68,574 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,333 |
| Other assets | $0 |
| Total assets | $186,935 |
| Total liabilities | $1,669 |
| Net assets or fund balances | $185,266 |