Jackson Downtown Development Corporation
- Assets
- $53.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Jackson, TN
- Founding
- 12/1992
- Data as of
- 06/2023
- EIN
- 62-1383207
Organization Overview
Jackson Downtown Development Corporation is located in Jackson, TN. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Jackson Downtown Development Corporation 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 06/2023, Jackson Downtown Development Corporation generated $79.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $64.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 7 years. 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
THE MISSION OF THE ORGANIZATION IS TO ENHANCE THE QUALITY OF LIFE AND ECONOMIC PROSPECTS IN JACKSON, TENNESSEE THROUGH DESIGN, PROMOTION AND FACILITATION OF STRATEGIC INVESTMENT IN DOWNTOWN JACKSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT AND COMMUNITY ENRICHMENT
DOWNTOWN ECONOMIC AND COMMUNITY DEVELOPMENT
DOWNTOWN ECONOMIC AND COMMUNITY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Garner Board Membr | Trustee | $0 | |
Beth Ann Simpson Director | Trustee | $0 | |
Debbie Dunaway Secretary | Officer | $0 | |
Ben Ferguson Treasurer | Officer | $0 | |
Ben Harris Vice Preside | Officer | $0 | |
Paul Taylor President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,000 |
| Total Program Service Revenue | $11,315 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,329 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,795 |
| Professional fees and other payments to independent contractors | $42,651 |
| Occupancy, rent, utilities, and maintenance | $15,439 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,837 |
| Total expenses | $64,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,076 |
| Other assets | $0 |
| Total assets | $53,253 |
| Total liabilities | $395 |
| Net assets or fund balances | $53,253 |