Downtown Westbrook Coalition
- Assets
- $117.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westbrook, ME
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 81-4641837
Organization Overview
Downtown Westbrook Coalition is located in Westbrook, ME. The organization was established in 2017. 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 Westbrook Coalition 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 06/2022, Downtown Westbrook Coalition generated $144.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $105.7k during the year ending 06/2022. While expenses have increased by 21.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PART III ORGANIZATIONS PRIMARY EXEPMT PURPOSE/ACCOMPLISHMENT PROMOTION OF REVITALIZATION OF MAIN STREET IN WESTBROOK ME. TO PROMOTE BUSINESS ECONOMIC DEVELOPMENT AND PRESERVATION OF ALL ASSETS THAT ARE HISTORIC AND/OR IN DOWNTOWN WESTBROOK ME AND IT'S DOWNTOWN BUSINESS BENEFIT FROM THIS. PART IV LIST OFFICERS NONE OF THE OFFICERS RECEIVE COMPENSATION OF ANY KIND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Chandler President | 7 | $0 | |
Judy Trepal Member | 1 | $0 | |
Peter Mancuso Member | 0.14 | $0 | |
Phil Spiller Former Presi | 13.54 | $0 | |
Laurie Johnson Member | 1.66 | $0 | |
Rhonda Forrester Member | 1.68 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,544 |
| Total Program Service Revenue | $10,003 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,547 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,314 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,352 |
| Total expenses | $105,666 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,928 |
| Other assets | $0 |
| Total assets | $117,535 |
| Total liabilities | $0 |
| Net assets or fund balances | $117,535 |