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Nonprofiteer
← LOUISA DOWNTOWN DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by LOUISA DOWNTOWN DEVELOPMENT CORPORATION.

Totals

Total revenue
$391,575
Total expenses
$430,208
Contributions and grants received
$391,205
Grants paid
$0
Program service revenue
$0
Investment income
$370
Other revenue
$0
Total assets, end of year
$218,680
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$218,680
Program services expenses (Part IX)
$396,735
Management and general expenses
$24,568
Fundraising expenses
$8,905
Program service expenses (Part III)
$396,735

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $391,205

  • 3 · Investment income

    total $370 · related or exempt $370

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $178,862 · program services $162,690 · management and general $8,129 · fundraising $8,043

  • 11c · Fees: accounting

    total $1,300 · management and general $1,300

  • 11g · Fees: other

    total $243,533 · program services $227,532 · management and general $15,139 · fundraising $862

  • 22 · Depreciation, depletion and amortization

    total $780 · program services $780

  • 23 · Insurance

    total $5,733 · program services $5,733

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,523 · end of year $37,754

  • 2 · Savings and temporary cash investments

    beginning of year $155,206 · end of year $130,087

  • 4 · Accounts receivable

    end of year $500

  • 10a · Land, buildings and equipment: cost or other basis

    $16,515

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,211

  • 10c · Land, buildings and equipment, net

    beginning of year $1,084 · end of year $304

  • 15 · Other assets

    beginning of year $50,035 · end of year $50,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,535

  • 27 · Net assets without donor restrictions

    beginning of year $257,313 · end of year $218,680

Mission and programs · 2022

Mission

Preserve historic properties and provide and promote appreciation for the arts and culture in the community.

  • The organization is raising money to continue to manage anhistoric building in the Town of Louisa which is being used as a community arts center. Art, musical, educational and other cultural programs are offered to the community.

    Expenses $396,735

As filed on the 2022 return.

Listed in Part VII

  • Patrick Hanley

    Director

    Total calculated
    $0
    Hours/week
    10

  • Jo Griffith

    Director

    Total calculated
    $0
    Hours/week
    10

  • Odette Holmes

    Director

    Total calculated
    $0
    Hours/week
    10

  • Young Weaver

    Director

    Total calculated
    $0
    Hours/week
    10

  • Rob See

    Director

    Total calculated
    $0
    Hours/week
    10

  • Steve Smith

    Director

    Total calculated
    $0
    Hours/week
    10

  • Julia Skare

    Director

    Total calculated
    $0
    Hours/week
    10

  • Stephanie Koren

    President

    Total calculated
    $0
    Hours/week
    10

  • William Guilford

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Greg Schumacher

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Jennifer Purcell

    Secretary

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202323179349306897

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