Clarksdale Downtown Development
- Assets
- $214.7k
- Revenue
- $201.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Clarksdale, MS
- Founding
- 06/2014
- Data as of
- 05/2022
- EIN
- 81-0615171
Organization Overview
Clarksdale Downtown Development is located in Clarksdale, MS. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarksdale Downtown Development 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 05/2022, Clarksdale Downtown Development generated $201.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $178.8k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
PROMOTE CLARKSDALE BY EMPHASIZING CULTURE IN BLUES AND RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE CLARKSDALE BY EMPHASIZING CULTURE IN BLUES AND RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Hall Secretary | OfficerTrustee | 10 | $0 |
Ann Williams President | OfficerTrustee | 15 | $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 | $104,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,518 |
| Total Program Service Revenue | $96,828 |
| Investment income | $182 |
| 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 | $201,528 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,086 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,763 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,477 |
| All other expenses | $8,031 |
| Total functional expenses | $178,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,696 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $214,696 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $214,696 |
| 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 | $214,696 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Clarksdale Downtown Development has recieved totaling $192,347.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: JUKE JOINT FESTIVAL SUPPORT | $101,597 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: CLARKSDALE FILM FESTIVAL/JUKE JOINT FESTIVAL PROGRAMMING SHIFTS AND SAFETY ENHANCEMENTS | $90,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Oz Arts Inc Nashville, TN | $1,496,568 | $2,618,121 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Dogwood Arts Festival Inc Knoxville, TN | $1,363,959 | $2,091,446 |
Gadsden Cultural Arts Foundation Inc Gadsden, AL | $3,782,043 | $1,493,599 |
French Quarter Festival Inc New Orleans, LA | $3,644,496 | $2,861,776 |
Red River Revel Arts Festival Shreveport, LA | $880,187 | $1,819,546 |
Songwritingwith Inc Nashville, TN | $915,938 | $1,229,591 |