Downtown Corinth Association Inc
- Assets
- $56.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corinth, MS
- Founding
- 09/1988
- Data as of
- 09/2021
- EIN
- 64-0752606
Organization Overview
Downtown Corinth Association Inc is located in Corinth, MS. The organization was established in 1988. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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 Corinth Association 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 09/2021, Downtown Corinth Association Inc generated $61.7k 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 (12.7%) each year. All expenses for the organization totaled $28.6k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (25.9%) 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
PROMOTE RESIDENTIAL & COMMERCIAL DEVELOPMENT IN DOWNTOWN BY IMPROVING PUBLIC INFRASTRUCTURE SUCH AS PARKS, BANNERS, PLANTERS, LIGHTING, AND LANDSCAPE. PRESERVE HERITAGE AND INHERENT BEAUTY OF DOWNTOWN BY SPONSORING VARIOUS FESTIVALS AND CHRISTMAS PARADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Pratt President | 1 | $0 | |
Kate Bingham Vice Preside | 1 | $0 | |
Cameron Aultman Director | 1 | $0 | |
Brittany Burcham Director | 1 | $0 | |
Sara Beth Green Director | 1 | $0 | |
Brian Mccullen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,503 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$24,822 |
| Other Revenue | $0 |
| Total Revenue | $61,681 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,750 |
| Professional fees and other payments to independent contractors | $590 |
| Occupancy, rent, utilities, and maintenance | $1,308 |
| Printing, publications, postage, and shipping | $87 |
| Other expenses | $16,887 |
| Total expenses | $28,622 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,744 |
| Other assets | $0 |
| Total assets | $56,858 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,858 |