The Downtown Dream Machine
- Assets
- $318.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 07/1979
- Data as of
- 06/2021
- 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 06/2021, Downtown Dream Machine generated $54.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $68.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. 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
2021
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 Past President | 2 | $0 | |
Jackie Nichols Director | 4 | $0 | |
Carol Katz Director | 2 | $0 | |
Gene Elliott Director | 2 | $0 | |
Natalie Ensminger Director | 2 | $0 | |
Leslie Reddick Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,917 |
| Total Program Service Revenue | $9,766 |
| Membership dues | $29 |
| Investment income | $24,946 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,658 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,666 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $44,547 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,764 |
| Total expenses | $67,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,103 |
| Other assets | $0 |
| Total assets | $318,252 |
| Total liabilities | $0 |
| Net assets or fund balances | $318,252 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Downtown Dream Machine has recieved totaling $25,051.
| Awarding Organization | Amount |
|---|---|
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT & RECOVERY | $15,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternate Roots Inc Atlanta, GA | $12,015,779 | $10,143,317 |
Baker-Hunt Foundation Inc Covington, KY | $705,341 | $789,508 |
A Space To Soar Inc Atlanta, GA | $8,626,385 | $336,575 |
Georgia Press Educational Foundation Inc Avondale Estates, GA | $2,211,491 | $238,821 |
Council Of American Jewish Museums Jackson, MS | $243,175 | $269,794 |
Lexington Philharmonic Orchestra Foundation Inc Lexington, KY | $2,728,841 | $174,681 |
Kelly Foundation Incorporated Little Rock, AR | $303,866 | $156,535 |
North Carolina Presenters Consortium Cary, NC | $175,243 | $0 |
Childrens Theatre Foundation Greensboro, NC | $1,420,975 | $52,488 |
The Downtown Dream Machine Memphis, TN | $318,252 | $0 |
Tates Creek Dance Team Booster Club Inc Lexington, KY | $1,902 | $0 |
River Arts District Artists Inc Asheville, NC | $60,962 | $90,630 |