Garden City Downtown Vision Inc
- Assets
- $365.7k
- Revenue
- $323.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Garden City, KS
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 72-1579374
Organization Overview
Garden City Downtown Vision Inc is located in Garden City, KS. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Garden City Downtown Vision Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden City Downtown Vision 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 12/2023, Garden City Downtown Vision Inc generated $323.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $355.8k during the year ending 12/2023. While expenses have increased by 14.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GARDEN CITY DOWNTOWN VISION, INC. WAS CREATED FOR HISTORICAL PRESERVATION AND IS COMMITTED TO THE REVITALIZATION OF GARDEN CITY'S CENTRAL BUSINESS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS EVENTS TO ATTRACT MORE LOCAL AND REGIONAL PEOPLE TO THE DOWNTOWN AREA. SOME OF THESE EVENTS INCLUDE FALL FEST (15,664 IN ATTENDANCE, INCLUDING 29.6% FROM OUTSIDE OF FINNEY COUNTY), HOSTED 35 FOOD TRUCK FRIDAY EVENTS (44,026 IN ATTENDANCE), HOSTED 31 DOWNTOWN DISCOVERY TOURS AND ACTIVIES IN THE DOWNTOWN AREA AND THE EVENING CHRISTMAS PARADE WITH 70 HOLIDAY FLOATS AND CROWDS OF OVER 10,000. WHEN NOT PLANNING EVENTS, THE ORGANIZATION WORKS TO REVITALIZE THE DOWNTOWN DISTRICT THROUGH VARIOUS INCENTIVE OPPORTUNITIES (CURRENTLY LOANED OUT TO DOWNTOWN BUSINESSES $70,500 AT 0% INTEREST) AND PROVIDES GUIDANCE TO POTENTIAL AND EXISTING BUSINESS OWNERS IN THE DOWNTOWN DISTRICT.
TO PROVIDE RENTAL SPACE, SALES STAFF, ADVERTISING AND RESOURCES FOR START UP BUSINESSES THROUGH THE MAIN STREET MARKET HUB WHICH INCLUDES 25 SMALL BUSINESSES IN ONE LOCATION AND SPOTLIGHTS POP UP VENDORS. THIS CONCEPT ALLOWS THE ENTREPRENEUR TO EXPERIENCE OWNING A BUSINESS DOWNTOWN WHY STILL KEEPING THEIR FULL-TIME JOB TO SUPPORT THEIR FAMILY AND GIVES THE BUDDING ENTRPRENEUR AN OPPORTUNITY TO SEE IF THE HOBBY THEY ENJOY HAS WHAT IT TAKES TO BE A SUCCESSFUL BUSINESS. GROSS SALES FOR THE OPENING MONTH WERE OVER $100,000.
TO PROVIDE OUTDOOR SEATING IN THE DOWNTOWN AREA IN CONJUNCTION WITH AN EATING ESTABLISHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Reynolds President | OfficerTrustee | 1 | $0 |
Jessica Gallardo Treasurer | OfficerTrustee | 1 | $0 |
Rich Harp Vice President | OfficerTrustee | 1 | $0 |
Sonya Roth Secretary | Trustee | 1 | $0 |
Preston Johnson Director | Trustee | 1 | $0 |
Blake Thackery Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,750 |
| Total Program Service Revenue | $148,805 |
| Investment income | $1,700 |
| 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 | $323,255 |
| 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. | $68,000 |
| Compensation of current officers, directors, key employees. | $68,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,600 |
| Payroll taxes | $8,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,402 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,607 |
| Office expenses | $8,738 |
| Information technology | $11,992 |
| Royalties | $0 |
| Occupancy | $22,659 |
| Travel | $2,796 |
| 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 | $3,228 |
| Insurance | $2,594 |
| All other expenses | $0 |
| Total functional expenses | $355,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,326 |
| Savings and temporary cash investments | $205,947 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,550 |
| Loans from Officers, Directors, or Controlling Persons | $27,429 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,192 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,333 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $365,688 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $112,746 |
| Total liabilities | $112,746 |
| Net assets without donor restrictions | $0 |
| 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 | $252,942 |
| Total liabilities and net assets/fund balances | $365,688 |