Downtown Waynesville Association
- Assets
- $88.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Waynesville, NC
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 56-1489920
Organization Overview
Downtown Waynesville Association is located in Waynesville, NC. The organization was established in 1987. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Downtown Waynesville Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Waynesville Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Downtown Waynesville Association generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 8 years. 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 Mission:
Part 3 - Line 1
UNDERTAKING REVITALIZATION ACTIVITIES WITHIN THE MUNCIPIAL SERVICE DISTRICT AND DOWNTOWN AREA OF WAYNESVILLE, NORTH CAROLINA WHILE PRESERVING AND SUSTAINING THE SOCIAL, CULTURAL,ECONOMIC AND HISTORICAL ROLE OF DOWNTOWN AS THE CENTER OF THE COMMUNITY
Describe the Organization's Program Activity:
Part 3
REVITALIZATION ACTIVITIES WITHIN THE MUNICIPAL SERVICE DISTRIC AND DOWNTOWN ARE OF WAYNESVILLE, NORTH CAROLINA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Pennington Chair | 10 | $0 | |
Joyce Massey Secretary | 5 | $0 | |
John Feichter Member | 5 | $0 | |
Alex Mccay Marketing | 5 | $0 | |
Kirk Kirpatrick Memeber | 0 | $0 | |
Jeanette Price Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,966 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,966 |
| 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 | $6,687 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,357 |
| Other expenses | $1,538 |
| Total expenses | $10,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,964 |
| Other assets | $0 |
| Total assets | $88,813 |
| Total liabilities | $0 |
| Net assets or fund balances | $88,813 |