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← DOWNTOWN EVANSVILLE - COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by DOWNTOWN EVANSVILLE - COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$78,649
Total expenses
$58,277
Contributions and grants received
$24,346
Grants paid
$5,000
Program service revenue
$0
Investment income
$40,414
Other revenue
$13,889
Total assets, end of year
$1,933,902
Total liabilities, end of year
$1,715,655
Net assets or fund balances, end of year
$218,247
Program services expenses (Part IX)
$58,260
Management and general expenses
$17
Fundraising expenses
$0
Program service expenses (Part III)
$58,260

Program services were 100.0% 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

    $24,346

  • 3 · Investment income

    total $40,414 · excluded $40,414

  • 11a · Other revenue: INCOME (LOSS) FROM FIF

    total $13,842 · related or exempt $13,842

  • 11b · Other revenue: MISC REVENUE

    total $47 · related or exempt $47

  • 11e · Other revenue, total

    $13,889

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 11g · Fees: other

    total $12,846 · program services $12,846

  • 13 · Office expenses

    total $17 · management and general $17

  • 20 · Interest

    total $40,414 · program services $40,414

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,717 · end of year $60,401

  • 3 · Pledges and grants receivable

    beginning of year $900,000

  • 9 · Prepaid expenses and deferred charges

    end of year $40,414

  • 15 · Other assets

    beginning of year $1,833,087 · end of year $1,833,087

  • 17 · Accounts payable and accrued expenses

    end of year $40,414

  • 18 · Grants payable

    beginning of year $900,000

  • 19 · Deferred revenue

    end of year $52,154

  • 25 · Other liabilities

    beginning of year $1,623,087 · end of year $1,623,087

  • 27 · Net assets without donor restrictions

    beginning of year $211,717 · end of year $218,247

Mission and programs · 2022

Mission

BUILD A MORE ACTIVE AND INCLUSIVE DOWNTOWN EVANSVILLE BY ACCELERATING COMMUNITY-GUIDED REAL ESTATE DEVELOPMENT. WE CHOOSE QUALITY OVER QUANTITY BECAUSE GOOD DESIGN MATTERS. WE RESPECT HISTORY AND OUR HISTORIC BUILDINGS, WHILE LOOKING TOWARDS THE FUTURE.

  • PUBLICIZING AND PLANNING IMPROVEMENTS FOR EVANSVILLE, INDIANA

    Expenses $58,260 · Grants $5,000

As filed on the 2022 return.

Listed in Part VII

  • STEPHANIE ENGELBRECHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TARA BARNEY

    BOARD CHAIR

    Total calculated
    $263,740
    From this org
    $0
    From related orgs
    $224,519
    Other
    $39,221
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,519 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,221 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $263,740 related

  • BARRY COX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARA MILLER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JEFF WHITESIDE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CANDACE CHAPMAN

    EXECUTIVE DIRECTOR

    Total calculated
    $85,536
    From this org
    $0
    From related orgs
    $80,412
    Other
    $5,124
    Hours/week
    1 + 30 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
26 July 2024
IRS schema version
2022v5.0
Source object
202432139349300848

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