Form 990 for tax year 2023

Totals

Total revenue

$144,302

Total expenses

$175,842

Contributions and grants received

$28,554

Grants paid

$0

Program service revenue

$115,378

Investment income

$56

Other revenue

$314

Total assets, end of year

$29,764

Total liabilities, end of year

$108,000

Net assets or fund balances, end of year

-$78,236

Program services expenses (Part IX)

$85,341

Management and general expenses

$42,949

Fundraising expenses

$47,552

Program service expenses (Part III)

$85,341

Program services were 48.5% 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.

Mission and programs · 2023

• MARKET SQUARE DAY, TRADITIONALLY HELD ON THE SECOND SATURDAY IN JUNE EACH YEAR, WAS FIRST CELEBRATED IN 1978. CREATED TO MARK THE RENOVATION AND BEAUTIFICATION OF DOWNTOWN PORTSMOUTH AND IN PARTICULAR MARKET SQUARE THE FESTIVAL CONTINUES TO GROW IN POPULARITY AND IS OFTEN REFERRED TO AS THE UNOFFICIAL START OF SUMMER ON THE SEACOAST, ENTICING AN ESTIMATED 50,000 TO ENJOY THIS DESTINATION FESTIVAL IN DOWNTOWN PORTSMOUTH.THE EVENT FEATURES REGIONAL ARTISTS, MUSIC AND DANCE, THE HISTORY OF THE CITY AND THE MEMBERS OF THE BUSINESS COMMUNITY. THE DOWNTOWN AREA IS TRANSFORMED INTO A PEDESTRIAN-FRIENDLY SPACE AS STREETS ARE CLOSED FROM 9:00AM THROUGH 4:00PM. ENTERTAINMENT STAGES, CRAFTSPEOPLE, BUSINESSES AND FOOD VENDORS GREET THE THOUSANDS OF SEACOAST RESIDENTS AND VISITORS TO THE AREA.THE DAY BEGINS WITH THE MARKET SQUARE DAY 10K ROAD RACE, WHICH WINDS ITS WAY THROUGH THE STREETS OF PORTSMOUTH. PRO PORTSMOUTH, INC. HAS PRODUCED THE FESTIVAL FOR 47 YEARS AND LIKE THE EVENT ITSELF, CELEBRATES THEIR ANNIVERSARY EACH YEAR ON THIS MOST FESTIVE OF OCCASIONS.EACH YEAR, THE 10K ROAD RACE GETS THE MARKET SQUARE DAY CELEBRATION OFF ON THE RIGHT FOOT. WITH A STARTING LINE IN THE HEART OF DOWNTOWN PORTSMOUTH, THE RACE TYPICALLY DRAWS 1,000 RUNNERS WHO WIND THEIR WAY THROUGH THE STREETS OF PORTSMOUTH ENDING WITH THE FINISH LINE AT HISTORIC STRAWBERY BANKE.

  Expenses $32,329 · Revenue $93,315

• FIRST NIGHT PORTSMOUTH - SINCE 1986, PORTSMOUTH HAS COME ALIVE ON NEW YEAR'S EVE WITH AN ANNUAL CELEBRATION FEATURING MUSIC, DANCE, CHILDREN'S ACTIVITIES, FIREWORKS AND ICE SCULPTURE KNOWN AS FIRST NIGHT PORTSMOUTH.FIRST NIGHT PORTSMOUTH AFFORDS OUR COMMUNITY THE OPPORTUNITY TO COME TOGETHER AS ONE, REFLECTING ON THE YEAR THAT HAS PASSED AND LOOKING FORWARD WITH HOPE AND GREAT ANTICIPATION TO THE YEAR AHEAD.

  Expenses $11,584 · Revenue $14,700

• CHILDREN'S DAY - WHO SAYS CHILDREN AREN'T IN CHARGE? EACH YEAR ON THE FIRST SUNDAY OF MAY, DOWNTOWN PORTSMOUTH BECOMES HEADQUARTERS FOR CHILDREN OF ALL AGES WITH THE CELEBRATION OF CHILDREN'S DAY. AN ESTIMATED 10,000+ "CHILDREN" VISIT PORTSMOUTH TO TAKE PART IN AN AFTERNOON OF FUN ON THE SEACOAST.THIS FESTIVAL COMBINES FAMILY-FRIENDLY ACTIVITIES, ENTERTAINMENT AND USUALLY, AN ICE CREAM SUNDAE ALL SPONSORED, HOSTED AND SUPPORTED BY THE DOWNTOWN MERCHANTS, AREA COMPANIES, CIVIC ORGANIZATIONS AND VOLUNTEERS OF THE SEACOAST. THE DAY IS FILLED WITH SOMETHING FOR EVERYONE.

  Expenses $4,287 · Revenue $807

• "SUMMER IN THE STREET" IS THE RESULT OF AN INITIATIVE TO IDENTIFY/CREATE PEDESTRIAN-FRIENDLY AREAS DOWNTOWN WHERE MUSICIANS, DANCE AND THEATRE COMPANIES CAN ENTERTAIN FOLKS IN THE HEART OF THE CITY. ACTIVITIES HOSTED IN PARTNERSHIP WITH OTHER NON-PROFITS ARE PART OF THE MISSION OF OUR "STREET" SESSIONS.PLEASANT STREET FROM PORTER STREET TO MARKET SQUARE CLOSES FROM 4:00PM 9:30PM SATURDAYS ON DESIGNATED WEEKENDS DURING THE SUMMER.

  Expenses $37,141 · Revenue $6,870

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

2023

Filed

13 November 2024

IRS schema version

2023v5.1

Source object

202423189349306767

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.