Downtown Lynchburg Association

Organization Overview

Downtown Lynchburg Association is located in Lynchburg, VA. The organization was established in 1997. 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. As of 12/2022, Downtown Lynchburg Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Lynchburg Association 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 Lynchburg Association generated $473.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $448.0k during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 6 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

TO CREATE A STRONG, VIBRANT AND WELCOMING DOWNTOWN WITH A UNIQUE AND HISTORIC CHARACTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DOWNTOWN LYNCHBURG ASSOCIATION WORKS TO CREATE A STRONG, VIBRANT, AND WELCOMING DOWNTOWN WITH A UNIQUE AND HISTORIC CHARACTER. THROUGH MARKETING INITIATIVES, PUBLIC SPACE IMPROVEMENTS, BUSINESS ENGAGEMENT PROGRAMS, CULTURAL EVENTS, AND MORE, WE HAVE AND WILL CONTINUE TO CONTRIBUTE TO THE ESTABLISHMENT OF A STRONG AND VIBRANT DOWNTOWN DISTRICT.


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Board, Officers & Key Employees

Name (title)Compensation
Todd Leap
Director
$0
Chris Boswell
President
$0
Dorie Smiley
Director
$0
Don Pendleton
Director
$0
Dave Midkiff
Director
$0
Billy Hansen
Director
$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$247,928
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$247,928
Total Program Service Revenue$224,248
Investment income $364
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 $473,855

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