Downtown Development Association Of Lincolnton Inc
- Assets
- $148.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Lincolnton, NC
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 56-1699362
Organization Overview
Downtown Development Association Of Lincolnton Inc is located in Lincolnton, NC. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Downtown Development Association Of Lincolnton Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Development Association Of Lincolnton 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 12/2023, Downtown Development Association Of Lincolnton Inc generated $100.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $107.3k during the year ending 12/2023. 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
TO PROMOTE THE PRESERVATION, PROTECTION, AND USE OF LINCOLNTON'S TRADITIONAL DOWNTOWN AREA.
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 |
|---|---|---|---|
Betty Wilkes Executive Di | 40 | $42,500 | |
Carla Ballard Chair | 5 | $0 | |
Rachel Herman Vice Chair | 2 | $0 | |
Marie Kenyon Secretary | 1 | $0 | |
Lesley Chapman Treasurer | 1 | $0 | |
Thomas Huskey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,982 |
| Total Program Service Revenue | $57,225 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,219 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,751 |
| Professional fees and other payments to independent contractors | $5,240 |
| Occupancy, rent, utilities, and maintenance | $3,283 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,023 |
| Total expenses | $107,297 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $116,312 |
| Other assets | $0 |
| Total assets | $148,214 |
| Total liabilities | $1,142 |
| Net assets or fund balances | $147,072 |