Downtown Gadsden Inc
- Assets
- $64.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Gadsden, AL
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 63-1086636
Organization Overview
Downtown Gadsden Inc is located in Gadsden, AL. The organization was established in 1994. 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. As of 12/2021, Downtown Gadsden Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Gadsden Inc 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 12/2021, Downtown Gadsden Inc generated $160.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $157.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 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
WORK WITH PUBLIC AND PRIVATE SECTORS TO REVITALIZE THECENTRAL BUSINESS DISTRICT. ASSIST WITH DESIGN OF HISTORICBUILDING RENOVATION, PROMOTE DOWNTOWN BUSINESS AND PROVIDE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Moore Executive Director | 40 | $71,083 | |
Spencer Williams President | 0 | $0 | |
Lynn Mccain Vice President | 0 | $0 | |
Judy Rubel Secretary | 0 | $0 | |
Michele Atkins Director | 0 | $0 | |
Kevin Phillips Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,313 |
| Total Program Service Revenue | $95,000 |
| Membership dues | $18,267 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$9,827 |
| Other Revenue | $16,767 |
| Total Revenue | $160,520 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $76,768 |
| Professional fees and other payments to independent contractors | $12,377 |
| Occupancy, rent, utilities, and maintenance | $1,359 |
| Printing, publications, postage, and shipping | $314 |
| Other expenses | $66,311 |
| Total expenses | $157,129 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,942 |
| Other assets | $0 |
| Total assets | $64,009 |
| Total liabilities | $8,709 |
| Net assets or fund balances | $55,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Gadsden Inc has recieved totaling $139.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |