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Nonprofiteer
← WILMINGTON RENAISSANCE CORPORATION

Form 990 for tax year 2023

Filed by WILMINGTON RENAISSANCE CORPORATION.

Totals

Total revenue
$1,625,689
Total expenses
$1,737,527
Contributions and grants received
$1,108,113
Grants paid
$0
Program service revenue
$0
Investment income
$67,048
Other revenue
$450,528
Total assets, end of year
$2,917,280
Total liabilities, end of year
$161,378
Net assets or fund balances, end of year
$2,755,902
Program services expenses (Part IX)
$1,303,440
Management and general expenses
$302,924
Fundraising expenses
$131,163
Program service expenses (Part III)
$1,303,440

Program services were 75.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,108,113

  • 1g · Noncash contributions included above

    $5,000

  • 3 · Investment income

    total $67,048 · excluded $67,048

  • 8a · Fundraising events: gross income

    $31,972

  • 8b · Fundraising events: direct expenses

    $8,709

  • 8c · Net income from fundraising events

    total $23,263 · excluded $23,263

  • 11a · Other revenue: DEBT FORGIVENESS

    total $353,027 · related or exempt $353,027

  • 11b · Other revenue: OTHER REVENUE

    total $74,238 · related or exempt $74,238

  • 11e · Other revenue, total

    $427,265

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $167,111 · program services $111,964 · management and general $31,751 · fundraising $23,396

  • 7 · Other salaries and wages

    total $450,022 · program services $322,954 · management and general $75,134 · fundraising $51,934

  • 9 · Other employee benefits

    total $64,671 · program services $46,502 · management and general $12,442 · fundraising $5,727

  • 10 · Payroll taxes

    total $47,970 · program services $28,412 · management and general $10,275 · fundraising $9,283

  • 11g · Fees: other

    total $381,109 · program services $270,886 · management and general $80,413 · fundraising $29,810

  • 12 · Advertising and promotion

    total $18,139 · program services $9,533 · management and general $4,303 · fundraising $4,303

  • 13 · Office expenses

    total $12,389 · program services $8,534 · management and general $3,355 · fundraising $500

  • 16 · Occupancy

    total $37,352 · program services $30,787 · management and general $3,849 · fundraising $2,716

  • 17 · Travel

    total $27,639 · program services $18,159 · management and general $9,459 · fundraising $21

  • 19 · Conferences, conventions and meetings

    total $11,489 · program services $7,242 · management and general $4,217 · fundraising $30

  • 20 · Interest

    total $8,638 · program services $8,638

  • 22 · Depreciation, depletion and amortization

    total $32,611 · management and general $32,611

  • 23 · Insurance

    total $11,061 · program services $6,574 · management and general $3,347 · fundraising $1,140

  • 24a · Other expenses: PROGRAM ADMINISTRATION

    total $335,771 · program services $335,771

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $68,211 · program services $52,553 · management and general $14,167 · fundraising $1,491

  • 24c · Other expenses: ARTIST FEES

    total $37,529 · program services $37,529

  • 24d · Other expenses: MISCELLANEOUS

    total $14,055 · management and general $14,055

  • 24e · All other expenses

    total $11,760 · program services $7,402 · management and general $3,546 · fundraising $812

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,263,394 · end of year $1,712,686

  • 3 · Pledges and grants receivable

    beginning of year $140,397 · end of year $33,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,316 · end of year $0

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

    $1,362,272

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

    $191,011

  • 10c · Land, buildings and equipment, net

    beginning of year $1,063,714 · end of year $1,171,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,782 · end of year $12,386

  • 19 · Deferred revenue

    beginning of year $55,000 · end of year $25,000

  • 23 · Secured mortgages and notes payable

    beginning of year $531,299 · end of year $123,992

  • 27 · Net assets without donor restrictions

    beginning of year $2,233,777 · end of year $2,304,021

  • 28 · Net assets with donor restrictions

    beginning of year $633,963 · end of year $451,881

Mission and programs · 2023

Mission

THE WILMINGTON ALLIANCE BRINGS PEOPLE TOGETHER TO DRIVE INNOVATIVE SOLUTIONS, LEVERAGE RESOURCES AND PROMOTE OPPORTUNITIES TO EMPOWER THE CITY'S RESIDENTS AND BUSINESSES.

Activities or mission (Part I)

TO DEVELOP AND IMPLEMENT STRATEGIES THAT WILL INCREASE THE ECONOMIC VITALITY OF WILMINGTON.

  • THE ALLIANCE, LED BY THE CEO, WORKS TO MAKE WILMINGTON A MORE BEAUTIFUL, SAFER, AND THRIVING CITY THAT PROVIDES OPPORTUNITY FOR ALL THROUGH OUR THREE PILLARS: WORKFORCE DEVELOPMENT; ENTREPRENEURSHIP AND SMALL BUSINESS SUPPORT; AND CREATIVE PLACEMAKING.

    Expenses $1,303,440 · Revenue $427,265

As filed on the 2023 return.

Listed in Part VII

  • Kimberly Markiewicz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Leroi Hicks

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Westcott

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Trevor Koenig

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • William J Mahoney

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Stuart Comstock-Gay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Duphily

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • There Du Pont

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jed Hatfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allison Kerwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodger Levenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hec Maldonado-Reis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dwayne Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Visalli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renata B Kowalczyk

    CEO

    Total calculated
    $167,111
    From this org
    $167,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,111
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $167,111

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 June 2024
IRS schema version
2023v5.1
Source object
202401799349301275

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