Mooresville Downtown Commission Inc

Organization Overview

Mooresville Downtown Commission Inc is located in Mooresville, NC. The organization was established in 1988. 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. Mooresville Downtown Commission Inc 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 06/2023, Mooresville Downtown Commission Inc generated $284.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $292.8k during the year ending 06/2023. While expenses have increased by 10.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MOORESVILLE DOWNTOWN COMMISSION FACILITATES DOWNTOWN DEVELOPMENT, SUPPORTS PRESERVATION ACTIVITIES AND PLANS, AND PROMOTES AND IMPLEMENTS EVENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ARTS CULTURE AND HUMANITIES PROGRAMS, GENERAL/OTHER: PROVIDES ACTIVITIES FOR DOWNTOWN MERCHANTS IN ORDER TO INCREASE THEIR BUSINESS BY SPONSORING EVENTS DOWNTOWN.


MISCELLANEOUS PROGRAMS


ARCHITECTURAL AND LANDSCAPE DESIGN SERVICES: PROVIDES GRANTS FOR DOWNTOWN MERHANTS AND STAKEHOLDERS TO BEAUTIFY THEIR PLACES OF BUSINESS AND THE SURROUNDING BUSINESS DISTRICT


BUSINESS DISTRICT REVITALIZATION PROGRAMS: PROVIDES BEAUTIFICATION TO DOWNTOWN STREETS INCLUDING LANDSCAPING AND HOLIDAY DECORATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Rick Blankenship
Director
$0
Shawnelle Cherry
Director
$0
Mark Fowler
Director
$0
Joel Goodman
Director
$0
Stephanie Hathaway
Director
$0
Megan Morrow
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $258,962
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$258,962
Total Program Service Revenue$25,438
Investment income $46
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 $284,446

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