Conway Downtown Partnership Inc
- Assets
- $153.0k
- Revenue
- $214.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Conway, AR
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 71-0860188
Organization Overview
Conway Downtown Partnership Inc is located in Conway, AR. The organization was established in 2003. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Conway Downtown Partnership 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 12/2022, Conway Downtown Partnership Inc generated $214.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $199.6k during the year ending 12/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CONWAY DOWNTOWN PARTNERSHIP IS A 501(C)(3) NON-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION FOCUSED ON THE PROMOTION, PLANNING AND MAINTENANCE OF AN IMPROVED DOWNTOWN CONWAY. THE CDP SUPPORTS GOALS AND PLANNING THAT BRING DOWNTOWN CONWAY TOGETHER AS A GATHERING PLACE TO LIVE, WORK, PLAY, SHOP, AND EAT. THE PARTNERSHIP STRIVES TO SERVE AS A FULL TIME ADVOCATE FOR THESE ISSUES AND IS DEDICATED TO STIMULATING AND FULLY LEVERAGING PUBLIC AND PRIVATE INVESTMENT WITHIN DOWNTOWN CONWAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVISING A COMPREHENSIVE REVITALIZATION STRATEGY THAT ENCOURAGES ECONOMIC DEVELOPMENT WITHIN THE CONTEXT OF HISTORIC PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Brice Ex Officio | OfficerTrustee | 5 | $0 |
Tricia O'connor Director | OfficerTrustee | 10 | $0 |
Dr Shaneil Ealy Secretary | OfficerTrustee | 10 | $0 |
Kim Williams Executive Director | Trustee | 5 | $0 |
Rob O'connor Director | Trustee | 5 | $0 |
Greg Dell Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,935 |
| Total Program Service Revenue | $132,787 |
| Investment income | $219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,951 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $81,370 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,821 |
| Office expenses | $897 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $555 |
| Insurance | $2,596 |
| All other expenses | $15,949 |
| Total functional expenses | $199,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,778 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,739 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | -$3,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,332 |
| Other assets | $0 |
| Total assets | $153,030 |
| Accounts payable and accrued expenses | $14,488 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,488 |
| Net assets without donor restrictions | $123,542 |
| 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 | $153,030 |