Downtown Visions Inc
- Assets
- $1.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Jacksonville, FL
- Founding
- 03/1998
- Data as of
- 09/2023
- EIN
- 59-3473060
Organization Overview
Downtown Visions Inc is located in Jacksonville, FL. The organization was established in 1998. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 09/2023, Downtown Visions Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Visions Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Downtown Visions Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.5m during the year ending 09/2023. While expenses have increased by 8.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN VISION, INC.'S PURPOSE IS TO CREATE AND SUPPORT A VIBRANT DOWNTOWN AND PROMOTE DOWNTOWN JACKSONVILLE AS AN EXCITING PLACE TO LIVE, WORK, VISIT AND INVEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MARKETING AND BUSINESS DEVELOPMENT, GUIDES/SECURITY, CLEANING, BEAUTIFICATION AND ADMINISTRATION TO THE CENTRAL BUSINESS DISTRICT OF THE CITY OF JACKSONVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob A Gordon CEO | Officer | 20 | $165,525 |
Numa Saisselin Chair | OfficerTrustee | 1 | $0 |
Kerri Stewart Vice-Chair | OfficerTrustee | 1 | $0 |
Oliver Barakat Treasurer | OfficerTrustee | 1 | $0 |
Stephen Crosby Secretary | OfficerTrustee | 1 | $0 |
Paul Davison Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $659,796 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $659,796 |
| Total Program Service Revenue | $1,808,564 |
| Investment income | $18,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,487,033 |
| 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. | $172,608 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $558,287 |
| Pension plan accruals and contributions | $15,443 |
| Other employee benefits | $84,280 |
| Payroll taxes | $54,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,903 |
| Advertising and promotion | $32,905 |
| Office expenses | $95,645 |
| Information technology | $28,228 |
| Royalties | $0 |
| Occupancy | $7,400 |
| Travel | $24,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,633 |
| Interest | $10,086 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,981 |
| Insurance | $11,088 |
| All other expenses | $0 |
| Total functional expenses | $2,463,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $569,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,616 |
| 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 | $5,911 |
| Net Land, buildings, and equipment | $611,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,207,141 |
| Accounts payable and accrued expenses | $114,052 |
| Grants payable | $0 |
| Deferred revenue | $28,000 |
| 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 | $345,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $263,401 |
| Total liabilities | $751,438 |
| Net assets without donor restrictions | $455,703 |
| 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 | $1,207,141 |