Downtown Lenoir Development Alliance
- Assets
- $124.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lenoir, NC
- Founding
- Data as of
- 06/2024
- EIN
- 88-1013225
Organization Overview
Downtown Lenoir Development Alliance is located in Lenoir, NC. 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. Downtown Lenoir Development Alliance 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 06/2024, Downtown Lenoir Development Alliance generated $86.7k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $42.1k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THE HISTORIC PRESERVATION, PROTECTION AND USE OF HISTORIC ANDDOWNTOWN COMMERCIAL DISTRICT IN LENOIR, NC
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenda Wilson President | 2 | $0 | |
Darin Mckinney Vice President | 2 | $0 | |
Steven Stewart Treasurer | 2 | $0 | |
Sandra Williams Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,429 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $50,292 |
| Other Revenue | $11,932 |
| Total Revenue | $86,653 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,061 |
| Total expenses | $42,061 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,672 |
| Other assets | $0 |
| Total assets | $124,672 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,672 |