Concord Downtown Development Corporation
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 04/1990
- Data as of
- 06/2023
- EIN
- 56-1666570
Organization Overview
Concord Downtown Development Corporation is located in Concord, NC. The organization was established in 1990. 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. Concord Downtown Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Concord Downtown Development Corporation generated $301.0 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 (57.0%) each year. All expenses for the organization totaled $2.1k 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
PROVIDE INFORMATION AND PROGRAMS FOR THE COMMUNITY OF CONCORD, NORTH CAROLINA IN ORDER TO PROMOTE AND ASSIST IN THE REDEVELOPMENT, BEAUTIFICATION, AND REVITALIZATION OF THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Bishop President | 3 | $0 | |
Patrick Reilly Immediate Past President | 2 | $0 | |
Lynn Neal Secretary/treasurer | 2 | $0 | |
Will Swink Member | 2 | $0 | |
Page Castrodale Member | 2 | $0 | |
Garrett Price Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $301 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $301 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,068 |
| Total expenses | $2,068 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,227 |
| Other assets | $0 |
| Total assets | $7,227 |
| Total liabilities | $405 |
| Net assets or fund balances | $6,822 |