Historic Marion Revitalization Association Inc
- Assets
- $203.2k
- Revenue
- $103.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Marion, SC
- Founding
- 01/1996
- Data as of
- 05/2023
- EIN
- 57-0972104
Organization Overview
Historic Marion Revitalization Association Inc is located in Marion, SC. The organization was established in 1996. 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. Historic Marion Revitalization Association 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 05/2023, Historic Marion Revitalization Association Inc generated $103.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $116.5k during the year ending 05/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF DOWNTOWN MARION BUSINESS AREA FOR BEAUTIFICATION AND TOURISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN THE DOWNTOWN AREA AS A VIABLE ECONOMIC UNIT THAT WILL BENEFIT ALL THE AREA MERCHANTS AND BUSINESSES. ADVERTISING VIA TOURISM ORGANIZATIONS AND PUBLICATIONS AND GRANT FUNDING FOR IMPROVEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Newell Executive Dir. | Trustee | 20 | $5,408 |
Liz Herlong Director | Trustee | 0 | $0 |
Gordon Mclellan Director | Trustee | 0 | $0 |
Luis Rodriguez Director | Trustee | 0 | $0 |
Sandy Logan Director | Trustee | 0 | $0 |
Jonathan Atkinson Secretary | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,119 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,215 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,791 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,826 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $5,408 |
| 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 | $914 |
| Fees for services: Management | $15,135 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,575 |
| Office expenses | $4,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,622 |
| Travel | $0 |
| 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 | $8,542 |
| Insurance | $2,525 |
| All other expenses | $865 |
| Total functional expenses | $116,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,424 |
| Savings and temporary cash investments | $7,507 |
| 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 | $145,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $560 |
| Total assets | $203,228 |
| Accounts payable and accrued expenses | $400 |
| 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 | $4,717 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,117 |
| Net assets without donor restrictions | $198,111 |
| 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 | $203,228 |