The Downtown Dream Machine
- Assets
- $328.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 07/1979
- Data as of
- 06/2024
- EIN
- 58-1364867
Organization Overview
The Downtown Dream Machine is located in Memphis, TN. The organization was established in 1979. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., 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 Dream Machine 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, Downtown Dream Machine generated $94.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $92.6k during the year ending 06/2024. While expenses have increased by 3.7% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A VENUE FOR NON-PROFIT ACTING TROOPS TO PERFORM FOR THE BENEFIT OF THE COMMUNITY. THIS PROVIDES FOR THE OVERALL ENRICHMENT OF THE COMMUNITY THROUGH THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Bogan Director | 2 | $0 | |
Jackie Nichols Director | 4 | $0 | |
Carol Katz Director | 2 | $0 | |
Gene Elliott Director | 2 | $0 | |
Ron Gephart Director | 2 | $0 | |
Leslie Reddick At Large | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,467 |
| Total Program Service Revenue | $53,191 |
| Membership dues | $0 |
| Investment income | $21,187 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,845 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,720 |
| Professional fees and other payments to independent contractors | $2,588 |
| Occupancy, rent, utilities, and maintenance | $55,207 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,101 |
| Total expenses | $92,616 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,131 |
| Other assets | $0 |
| Total assets | $328,087 |
| Total liabilities | $0 |
| Net assets or fund balances | $328,087 |