Historic Downtown Kennewick Partners
- Assets
- $196.7k
- Revenue
- $241.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Kennewick, WA
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 91-1452348
Organization Overview
Historic Downtown Kennewick Partners is located in Kennewick, WA. The organization was established in 2000. 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. As of 12/2021, Historic Downtown Kennewick Partners employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Downtown Kennewick Partners 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, Historic Downtown Kennewick Partners generated $241.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $201.6k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HELD COMMUNITY EVENTS TO BRING PEOPLE TO THE DOWNTOWN AREA, ORGANIZED AND HOSED TEH FARMER'S MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC DOWNTOWN KENNEWIK PARTNERS HELD EVENTS IN THE DOWNTOWN AREA TO INCREASE THE NUMBER OF PEOPLE COMING TO THE AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Button Executive Director | 40 | $71,000 | |
Jay Freeman President | Officer | 5 | $0 |
Steve Lee Vice President | Officer | 2 | $0 |
Amy Bergan Secretary | Trustee | 2 | $0 |
Nathan Burt Treasurer | Trustee | 2 | $0 |
Tom Moak Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,625 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $214,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,731 |
| Total Program Service Revenue | $13,949 |
| 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 | $241,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,106 |
| 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. | $71,000 |
| Compensation of current officers, directors, key employees. | $71,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,588 |
| Advertising and promotion | $37,539 |
| Office expenses | $9,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,843 |
| Travel | $1,062 |
| 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 | $4,506 |
| Insurance | $3,500 |
| All other expenses | $0 |
| Total functional expenses | $201,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40 |
| 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 | $63,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $196,675 |
| Accounts payable and accrued expenses | $4,500 |
| 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 | $20,219 |
| Total liabilities | $24,719 |
| Net assets without donor restrictions | $0 |
| 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 | $171,956 |
| Total liabilities and net assets/fund balances | $196,675 |
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