Downtown Greensboro Foundation
- Assets
- $716.9k
- Revenue
- $519.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/2001
- Data as of
- 06/2021
- 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 06/2021, Downtown Greensboro Foundation generated $519.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $510.6k during the year ending 06/2021. While expenses have increased by 21.3% 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
2021
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.
TINSEL TOWN - A PROGRAM FEATURING UNIQUELY DECORATED TREES DURING THE HOLIDAY SEASON. INTENDED TO PROMOTE COMMUNITY, TREES CAN BE PURCHASED AND DECORATED BY A LOCAL CORPORATION, GROUP, NON-PROFIT OR FAMILY. THE PROGRAM IS FEATURED DURING THE ENTIRE MONTH OF DECEMBER FOR DAILY FAMILY FRIENDLY WALK-THRUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Smith Board Executive Committee | OfficerTrustee | 1 | $0 |
Jeff Yetter Board Chairman | OfficerTrustee | 1 | $0 |
Victoria Carlin-Milstein Board Secretary | OfficerTrustee | 1 | $0 |
Tracey Myers Board Treasurer/chair Elec | OfficerTrustee | 1 | $0 |
Zack Matheny President & CEO | Officer | 2 | $0 |
Joy Ross CFO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $378,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,784 |
| Total Program Service Revenue | $110,860 |
| Investment income | $698 |
| 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 | $519,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $380,150 |
| 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 | $4,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $1,561 |
| Office expenses | $382 |
| 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 | $85,542 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,809 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $510,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,950 |
| 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 | $15,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $716,908 |
| Accounts payable and accrued expenses | $478,162 |
| 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 | $478,162 |
| Net assets without donor restrictions | $138,961 |
| Net assets with donor restrictions | $99,785 |
| 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 | $716,908 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Downtown Greensboro Foundation has recieved totaling $34,100.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $8,850 |
Piedmont Triad Charitable Foundation Greensboro, NC PURPOSE: TO SUPPORT THE EDUCATIONAL, HISTORICAL PRESERVATION AND OTHER EXEMPT PUBLIC EFFORTS OF DOWNTOWN GREENSBORO INC. | $5,000 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
William A Stern Foundation Greensboro, NC PURPOSE: SUPPORT | $5,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |