Roanoke Foundation For Downtown Inc
- Assets
- $308.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 54-1671847
Organization Overview
Roanoke Foundation For Downtown Inc is located in Roanoke, VA. The organization was established in 1993. 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. Roanoke Foundation For Downtown 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, Roanoke Foundation For Downtown Inc generated $16.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $15.5k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED RESOURCES FOR HANGING FLOWER BASKETS IN THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Mckeon Director | 1 | $0 | |
William D Poe Director | 1 | $0 | |
Melissa Mays Treasurer | 1 | $0 | |
Dr Raymond D Smoot Jr Director | 1 | $0 | |
Mike Sutton Vice Preside | 1 | $0 | |
Bethany Sherman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,840 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,415 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,255 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,764 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,716 |
| Total expenses | $15,480 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,551 |
| Other assets | $0 |
| Total assets | $308,066 |
| Total liabilities | $0 |
| Net assets or fund balances | $308,066 |
Grants Awarded
Over the last fiscal year, Roanoke Foundation For Downtown Inc has awarded $158,141 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ROANOKE VA PURPOSE: WAYFINDING SIGNAGE | $150,000 |
Roanoke, VA PURPOSE: HANGING FLOWER BASKE | $8,141 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roanoke Foundation For Downtown Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
The Rice Foundation Inc Roanoke, VA PURPOSE: DONATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Stand For America Inc Washington, DC | $2,847,990 | $8,607,198 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
National Main Street Center Inc Washington, DC | $6,729,426 | $9,101,387 |