Downtown Southport Inc
- Assets
- $68.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southport, NC
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 75-3231508
Organization Overview
Downtown Southport Inc is located in Southport, NC. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Downtown Southport 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 Southport Inc generated $59.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $32.4k during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tish Hatem Vice Preside | 2 | $0 | |
Peggy Popelars President | 10 | $0 | |
Dotie Nixa Secretary | 2 | $0 | |
Emily Humphreys Board Member | 2 | $0 | |
Linda Pukenas Board Member | 2 | $0 | |
Lori Sanderlin Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,159 |
| Total Program Service Revenue | $17,570 |
| Membership dues | $0 |
| Investment income | $59 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,788 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,731 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $304 |
| Other expenses | $10,363 |
| Total expenses | $32,398 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,138 |
| Other assets | $0 |
| Total assets | $68,138 |
| Total liabilities | $70 |
| Net assets or fund balances | $68,068 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Southport Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Columbia Metropolitan Convention And Visitors Bureau Columbia, SC | $6,376,262 | $4,843,981 |
Srs Community Reuse Organization Aiken, SC | $6,557,053 | $4,875,445 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Alexandria Convention And Visitors Association Inc Alexandria, VA | $744,565 | $3,884,098 |
Vibrant Memphis Inc Memphis, TN | $19,880,886 | $2,783,167 |
Hampton Roads Economic Development Alliance Norfolk, VA | $4,122,075 | $4,031,039 |