Downtown Morehead Inc
- Assets
- $140.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morehead, KY
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 61-1353599
Organization Overview
Downtown Morehead Inc is located in Morehead, KY. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Morehead Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Downtown Morehead Inc generated $193.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $201.7k during the year ending 06/2022. While expenses have increased by 14.7% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
REVITALIZATION AND BEUTIFICATION OF DOWNTOWN MOREHEAD KY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Mirus President | 0 | $0 | |
Jim Trent Secretary | 0 | $0 | |
Nicholas Hollan Vice Preside | 0 | $0 | |
Laura White Brown Director | 0 | $0 | |
Harry Clark Director | 0 | $0 | |
Mark Murphy Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,500 |
| Total Program Service Revenue | $152,196 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,688 |
| Other Revenue | $0 |
| Total Revenue | $193,387 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,750 |
| Professional fees and other payments to independent contractors | $3,000 |
| Occupancy, rent, utilities, and maintenance | $30,500 |
| Printing, publications, postage, and shipping | $7,265 |
| Other expenses | $111,232 |
| Total expenses | $201,747 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,348 |
| Other assets | $0 |
| Total assets | $140,631 |
| Total liabilities | $57,836 |
| Net assets or fund balances | $82,795 |
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