Uptown Lexington Inc
- Assets
- $171.3k
- Revenue
- $195.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Lexington, NC
- Founding
- 08/1994
- Data as of
- 06/2024
- EIN
- 56-1837740
Organization Overview
Uptown Lexington Inc is located in Lexington, NC. The organization was established in 1994. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uptown Lexington 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 06/2024, Uptown Lexington Inc generated $195.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $165.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT SERVICES TO THE CITY OF LEXINGTON FOR THE REVITALIZATION OF THE UPTOWN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION: ULI ORGANIZES EVENTS AND PROMOTIONS THROUGHOUT THE YEAR TO BRING AWARENESS TO THE UNIQUE BUSINESSES LOCATED IN THE MSD. THESE INCLUDE THE BBQ CAPITAL COOK-OFF, CHRISTMAS OPEN HOUSE, CHRISTMAS AND SUMMER STROLLS, AND GROUNDHOG'S DAY. THESE EVENTS ARE FREE AND ARE OPEN TO AND MARKETED TO THE ENTIRE COMMUNITY. BOTH THE BBQ COOK-OFF AND CHRISTMAS OPEN HOUSE ATTRACTED APPROXIMATELY 10,000 PEOPLE EACH.
DESIGN: THROUGH A FACADE GRANT PROGRAM, ULI ASSISTS BUSINESS OR PROPERTY OWNERS WITH IMPROVEMENTS MADE TO THE FACADE OF THEIR BUILDINGS. THIS INCLUDES PROFESSIONAL ADVICE ABOUT MAKING SENSITIVE IMPROVEMENTS TO HISTORIC BUILDINGS AND FINANCIAL ASSISTANCE FOR APPROVED PROJECTS. THE PROGRAM IS OPEN TO ALL PROPERTIES IN THE MSD AND IS PROMOTED MONTHLY IN A NEWSLETTER SENT SPECIFICALLY TO BUSINESSES AND PROPERTY OWNERS.
ECONOMIC VITALITY: THIS PILLAR ASSISTS PROPERTY OWNERS WITH SECURING TENANTS AND ENTREPRENEURS WITH FINDING SPACE FOR THEIR BUSINESS IN THE MSD. IT ALSO WORKS WITH PROPERTY OWNERS AND INVESTORS TO REPURPOSE BUILDINGS FOR NEW USES WHILE BEING SENSITIVE TO THE HISTORIC NATURE OF THE BUILDING AND DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Baer President Elect | Trustee | 1 | $0 |
Jeff Smith President | OfficerTrustee | 1 | $600 |
Brooke Bishop Board | Trustee | 1 | $0 |
Jessica Mcdaniel Secretary | OfficerTrustee | 1 | $11,608 |
Joe Watkins Board | Trustee | 1 | $0 |
Jason Hayes Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,000 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,813 |
| Total Program Service Revenue | $87,943 |
| Investment income | $6,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,199 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,604 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,117 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,852 |
| Pension plan accruals and contributions | $3,699 |
| Other employee benefits | $8,375 |
| Payroll taxes | $5,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,375 |
| Advertising and promotion | $13,044 |
| Office expenses | $3,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,083 |
| Travel | $4,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $165,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,772 |
| Savings and temporary cash investments | $136,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $171,330 |
| Accounts payable and accrued expenses | $1,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,883 |
| Net assets without donor restrictions | $169,447 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $171,330 |