Bell Tower Green Inc
- Assets
- $2.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Salisbury, NC
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4258414
Organization Overview
Bell Tower Green Inc is located in Salisbury, NC. The organization was established in 2017. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Bell Tower Green 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, Bell Tower Green Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE PUBLIC PARK, COMMON AREA, AND GREEN SPACE FILLED WITH NATURAL BEAUTY IN AND AROUND ROWAN COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXCLUSIVELY FOR CHARITABLE, LITERARY, AND EDUCATIONAL PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THESE ACTIVITIES WILL INCLUDE, BUT NOT BE LIMITED TO, ACQUIRING PROPERTY IN DOWNTOWN SALISBURY, NORTH CAROLINA, FOR THE PURPOSE OF CREATING A PUBLIC PARK, COMMONS AREA, AND GREEN SPACE FILLED WITH NATURAL BEAUTY. THIS PARK WILL BECOME AN ATTRACTIVE AND VIBRANT GATHERING PLACE FOR RESIDENTS OF SALISBURY AND ROWAN COUNTY, AS WELL AS VISTORS TO HISTORIC DOWNTOWN SALISBURY
OTHER PROGRAMS RELATED TO ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight F Messinger Chairman | OfficerTrustee | $0 | |
Edward Norvell Secretary/tr | OfficerTrustee | $0 | |
Jason Walser Vice Chairma | OfficerTrustee | $0 | |
Meredith Abramson Director | Trustee | $0 | |
Dr Bret B Busby Director | Trustee | $0 | |
Geraldine T Hurley Director | Trustee | $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 | $2,423,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,423,669 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,539,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,418,248 |
| 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 | $16,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,164 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,319 |
| All other expenses | $0 |
| Total functional expenses | $11,503,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,578,667 |
| 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 | $475,745 |
| Total assets | $2,054,412 |
| Accounts payable and accrued expenses | $44,342 |
| 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 | $173,060 |
| Total liabilities | $217,402 |
| Net assets without donor restrictions | $1,837,010 |
| 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 | $2,054,412 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bell Tower Green Inc has recieved totaling $1,481,448.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $1,406,178 |
Rowan Regional Medical Center Inc Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $50,000 |
Margaret C Woodson Foundation Incorporated Charlotte, NC PURPOSE: FINISH CONSTRUCTION OF BELL TOWER GREEN PARK | $25,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |