Downtown Amherst Foundation
- Assets
- $722.2k
- Revenue
- $876.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Amherst, MA
- Founding
- Data as of
- 06/2022
- EIN
- 84-3052133
Organization Overview
Downtown Amherst Foundation is located in Amherst, MA. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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 Amherst Foundation 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 Amherst Foundation generated $876.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $274.3k during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 3 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.
Since 2020, Downtown Amherst Foundation has awarded 25 individual grants totaling $156,675. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING AND CREATING CULTURE, BEAUTY AND PROGRAMMING IN DOWNTOWN AMHERST TO ENSURE A THRIVING, BEAUTIFUL AND DIVERSE CULTURAL COLLEGE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING AND CREATING CULTURE, BEAUTY AND PROGRAMMING IN DOWNTOWN AMHERST TO ENSURE A THRIVING, BEAUTIFUL AND DIVERSE CULTURAL COLLEGE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Bertrand Secretary | Officer | 2 | $0 |
Tony Maroulis President | Officer | 2 | $0 |
John Kuhn Vice President | Officer | 2 | $0 |
Susan Bain Bellak Treasurer | Officer | 2 | $0 |
Jim Brassord Director | Trustee | 2 | $0 |
Thomas Reidy Director | Trustee | 2 | $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 | $792,222 |
| Noncash contributions included in lines 1a–1f | $132,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $792,222 |
| Total Program Service Revenue | $83,818 |
| 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 | $876,040 |
| 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 | $17,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,122 |
| Advertising and promotion | $2,217 |
| Office expenses | $6,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $9,097 |
| Insurance | $11,080 |
| All other expenses | $6,440 |
| Total functional expenses | $274,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,000 |
| Accounts receivable, net | $12,513 |
| 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 | $503,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $722,172 |
| Accounts payable and accrued expenses | $3,835 |
| 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 | $3,835 |
| Net assets without donor restrictions | $718,337 |
| 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 | $722,172 |
Grants Awarded
Over the last fiscal year, Downtown Amherst Foundation has awarded $156,675 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
FRESH SIDE EATERY PURPOSE: RELIEF & RESILIENCY | $10,000 |
BISTRO 63 PURPOSE: RELIEF & RESILIENCY | $10,000 |
MATT'S BARBER SHOP PURPOSE: RELIEF & RESILIENCY | $8,675 |
ORIENTAL FLAVOR PURPOSE: RELIEF & RESILIENCY | $7,500 |
SUNSET GRILL & PIZZA PURPOSE: RELIEF & RESILIENCY | $7,500 |
MISS SAIGON PURPOSE: RELIEF & RESILIENCY | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Downtown Amherst Foundation has recieved totaling $32,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: ARTS & CULTURE | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Community Crossroads Inc Atkinson, NH | $8,920,461 | $38,376,189 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |