Dope Inc
- Assets
- $82.0k
- Revenue
- $249.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Petersburg, VA
- Founding
- 05/2018
- Data as of
- 12/2020
- EIN
- 82-5296619
Organization Overview
Dope Inc is located in Petersburg, VA. The organization was established in 2018. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Dope 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 12/2020, Dope Inc generated $249.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (56.5%) each year. All expenses for the organization totaled $174.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE MUSIC CAREER TRAINING AND SUPPORT AS WELL AS HEAVILY DISCOUNTED RECORDING RATES
MUSIC SHOW FESTIVAL AND BAR CRAWL EVENT BRINGS OUT MANY PEOPLE TO SUPPORT OUR SIGNED ARTISTS MUSIC
ASSIST WITH RESTORATION OF RIGHTS PROCESS AND PRAPARE AND ORGANIZE PAPERWORK AND PETITIONS TO BE PRESENTED TO THE JUDGE
BUSINESS FORMATION AND ONGOING SUPPORT SERVICES INSIDE THE CENTER FOR BUSINESS AND PERFORMING ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlique Colden Manager | 35 | $92,205 | |
Nakahri Crenshaw Mr Member Artist | 20 | $9,746 | |
Arnell Scott Board Member | 20 | $5,964 | |
Jillian Brown Mrs Director | 0 | $4,205 | |
Linda Banks Director | 20 | $4,159 | |
Waylin Ross Mr Trustee | 0 | $2,950 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/19 | $98,149 | |
| 12/30/19 | $91,194 | |
| 12/30/19 | $93,500 | |
| 12/30/19 | $109,303 | |
| 12/30/19 | $91,039 | |
Forever Youth Corp | 12/30/19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,513 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,503 |
| Net Rental Income | $34,295 |
| Net Gain on Sale of Assets | -$50 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $69,531 |
| Other Income | $0 |
| Total Revenue | $249,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,953 |
| Other employee salaries and wages | $79,122 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $22,050 |
| Travel, conferences, and meetings | $1,823 |
| Printing and publications | $6,234 |
| Other expenses | $0 |
| Total operating and administrative expenses | $171,182 |
| Contributions, gifts, grants paid | $2,769 |
| Total expenses and disbursements | $173,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $77,019 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $82,019 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,000 |
| Total liabilities | $4,000 |
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|---|---|---|
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Real Estate Roundtable Inc Washington, DC | $4,544,529 | $7,445,927 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
American Seed Trade Association Alexandria, VA | $7,353,007 | $6,785,185 |
Virginia Association Of Realtors Richmond, VA | $25,601,642 | $9,283,805 |