Roanoke Foundation For Downtown Inc
- Assets
- $307.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 08/1993
- Data as of
- 06/2023
- 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 06/2023, Roanoke Foundation For Downtown Inc generated $114.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $131.6k during the year ending 06/2023. 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
2023
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 |
|---|---|---|---|
Tony Pearman President | 1 | $0 | |
Dr Thomas Mckeon Director | 1 | $0 | |
Melissa Mays Treasurer | 1 | $0 | |
William D Poe Vice Preside | 1 | $0 | |
John Garland Director | 1 | $0 | |
Rebekah Gunn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,942 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,451 |
| Gain or Loss | $16,725 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,118 |
| 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 | $1,856 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,102 |
| Total expenses | $131,588 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $305,748 |
| Other assets | $0 |
| Total assets | $307,263 |
| Total liabilities | $0 |
| Net assets or fund balances | $307,263 |
Grants Awarded
Over the last fiscal year, Roanoke Foundation For Downtown Inc has awarded $158,141 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN ROANOKE INC PURPOSE: HANGING FLOWER BASKE | $8,141 |
CITY OF ROANOKE VA PURPOSE: WAYFINDING SIGNAGE | $150,000 |