Lake City Downtown Improvement And Revitalization Team Inc
- Assets
- $58.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake City, CO
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 55-0880077
Organization Overview
Lake City Downtown Improvement And Revitalization Team Inc is located in Lake City, CO. The organization was established in 2006. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Lake City Downtown Improvement And Revitalization Team 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 12/2021, Lake City Downtown Improvement And Revitalization Team Inc generated $68.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $56.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTED HISTORIC DOWNTOWN LAKE CITY, CO BY PARTNERING WITH OTHER ORGANIZATIONS TO PROMOTE EVENTS THAT SHOWCASE HISTORIC DOWNTOWN LAKE CITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Collins Secretary | 1 | $0 | |
Sandy Murphy Vice President | 1 | $0 | |
Ruthanna Hall Director | 1 | $0 | |
Danielle Worthen Director | 1 | $0 | |
Ben Hake Director | 1 | $0 | |
Kristine Borchers Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,955 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $117 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $52,602 |
| Other Revenue | $0 |
| Total Revenue | $68,674 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,173 |
| Professional fees and other payments to independent contractors | $986 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,020 |
| Total expenses | $56,179 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,659 |
| Other assets | $0 |
| Total assets | $58,801 |
| Total liabilities | $4,961 |
| Net assets or fund balances | $53,840 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake City Downtown Improvement And Revitalization Team Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Mile High United Way Inc Denver, CO PURPOSE: COVID | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
Sun City Oro Valley Community Association Inc Oro Valley, AZ | $28,029,235 | $8,742,643 |
Estrella Joint Committee Inc A Non-Profit Corporation Scottsdale, AZ | $5,462,539 | $8,224,629 |
Villages At Estrella Mountain Ranch Community Association Scottsdale, AZ | $5,670,197 | $7,276,595 |
Capacity Builders Inc Farmington, NM | $637,038 | $4,802,457 |
Downtown Denver Inc Denver, CO | $16,400,414 | $3,557,827 |
Step One Foundation Inc Prescott Valley, AZ | $1,032,360 | $2,189,469 |
The Willow Domestic Violence Center Inc Lawrence, KS | $1,107,749 | $1,909,779 |
Ralston House Arvada, CO | $2,291,601 | $1,890,985 |
The Greenway Foundation Inc Denver, CO | $2,809,752 | $1,248,678 |
Mechanical Contractors Association Of Colorado Denver, CO | $0 | $1,885,998 |
Estrella Community Association Scottsdale, AZ | $1,543,141 | $1,779,881 |