Downtown Greensboro Foundation
- Assets
- $712.6k
- Revenue
- $563.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 56-2242416
Organization Overview
Downtown Greensboro Foundation is located in Greensboro, NC. The organization was established in 2001. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Greensboro Foundation 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 06/2022, Downtown Greensboro Foundation generated $563.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $571.7k during the year ending 06/2022. While expenses have increased by 7.3% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS THE EDUCATIONAL, HISTORICAL PRESERVATION AND OTHER EXEMPT PUBLIC EFFORTS OF DOWNTOWN GREENSBORO, INC.
Describe the Organization's Program Activity:
DGI GRANTS PROGRAM - PROVIDING THE COMMUNITY WITH VARIOUS SERVICE PROJECTS.
ICE RINK - PROVIDING THE COMMUNITY WITH ICE RINK OPERATIONS AS PART OF PIEDMONT WINTERFEST, A COMMUNITY CULTURAL FESTIVAL DURING THE HOLIDAY SEASON.
HOLIDAY PARADE - PROVIDING THE COMMUNITY WITH A HOLIDAY PARADE AS PART OF PIEDMONT WINTERFEST, A COMMUNITY CULTURAL FESTIVAL DURING THE HOLIDAY SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Myers Board Chairman | OfficerTrustee | 1 | $0 |
Jeff Yetter Board Past Chair | OfficerTrustee | 1 | $0 |
Victoria Carlin-Milstein Board Secretary | OfficerTrustee | 1 | $0 |
Andy Zimmerman Board Treasurer | OfficerTrustee | 1 | $0 |
Mark Prince Board Executive Committee | Trustee | 1 | $0 |
Adrian Smith Board Executive Committee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $433,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,207 |
| Total Program Service Revenue | $117,623 |
| Investment income | $1,115 |
| 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 | $563,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $438,493 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,725 |
| Advertising and promotion | $2,405 |
| Office expenses | $521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,063 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $571,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,559 |
| 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 | $12,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $712,585 |
| Accounts payable and accrued expenses | $466,895 |
| Grants payable | $0 |
| Deferred revenue | $14,680 |
| 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 | $481,575 |
| Net assets without donor restrictions | $118,306 |
| Net assets with donor restrictions | $112,704 |
| 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 | $712,585 |