Form 990 for tax year 2023
Filed by COOL SPRING DOWNTOWN DISTRICT INC.
Totals
- Total revenue
- $896,622
- Total expenses
- $941,385
- Contributions and grants received
- $677,600
- Grants paid
- $0
- Program service revenue
- $193,338
- Investment income
- $1,097
- Other revenue
- $24,587
- Total assets, end of year
- $286,400
- Total liabilities, end of year
- $1,895
- Net assets or fund balances, end of year
- $284,505
- Program services expenses (Part IX)
- $873,427
- Management and general expenses
- $67,958
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $873,427
Program services were 92.8% 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)
$556,600
-
1f · All other contributions, gifts and grants
$121,000
-
2f · All other program service revenue
total $193,338 · related or exempt $193,338
-
3 · Investment income
total $1,097 · related or exempt $1,097
-
8a · Fundraising events: gross income
$57,712
-
8b · Fundraising events: direct expenses
$33,125
-
8c · Net income from fundraising events
total $24,587 · excluded $24,587
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $285,462 · program services $228,370 · management and general $57,092
-
10 · Payroll taxes
total $23,300 · program services $18,640 · management and general $4,660
-
11c · Fees: accounting
total $26,665 · program services $26,665
-
12 · Advertising and promotion
total $93,853 · program services $93,853
-
13 · Office expenses
total $2,517 · program services $2,184 · management and general $333
-
14 · Information technology
total $8,547 · program services $8,547
-
16 · Occupancy
total $7,608 · program services $6,989 · management and general $619
-
17 · Travel
total $4,086 · program services $1,607 · management and general $2,479
-
22 · Depreciation, depletion and amortization
total $21,666 · program services $21,666
-
23 · Insurance
total $11,793 · program services $11,139 · management and general $654
-
24a · Other expenses: DOWNTOWN PROGRAMMING CO
total $400,440 · program services $400,440
-
24b · Other expenses: DUMPSTER PROGRAM
total $28,438 · program services $28,438
-
24c · Other expenses: SUPPLIES
total $2,761 · program services $2,623 · management and general $138
-
24d · Other expenses: TELEPHONE AND INTERNET
total $2,399 · program services $2,279 · management and general $120
-
24e · All other expenses
total $21,850 · program services $19,987 · management and general $1,863
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $162,377 · end of year $116,152
-
4 · Accounts receivable
beginning of year $99,492 · end of year $106,858
-
10a · Land, buildings and equipment: cost or other basis
$146,646
-
10b · Land, buildings and equipment: accumulated depreciation
$83,256
-
10c · Land, buildings and equipment, net
beginning of year $78,317 · end of year $63,390
-
17 · Accounts payable and accrued expenses
beginning of year $10,918 · end of year $1,895
-
27 · Net assets without donor restrictions
beginning of year $329,268 · end of year $284,505
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
THE ORGANIZATION HAS ORGANIZED, PROMOTED AND SUPPORTED MULTIPLE ARTS & CULTURAL EVENTS IN THE CENTRAL CORE OF THE CITY'S DOWNTOWN DISTRICT.
Expenses $873,427 · Revenue $194,435
As filed on the 2023 return.
Listed in Part VII
-
Molly ArnoldMOLLY ARNOLD
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 5
-
Michael PenninkMICHAEL PENNINK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Wesley FountainWESLEY FOUNTAIN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Josh ChoiJOSH CHOI
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
John MalzoneJOHN MALZONE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
David WoodhouseDAVID WOODHOUSE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dwight SmithDWIGHT SMITH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ebony McNeillEBONY MCNEILL
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Andre ThomasANDRE THOMAS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Denise StrotherDENISE STROTHER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Caroline GregoryCAROLINE GREGORY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kennon JacksonKENNON JACKSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nahan CuffeeNAHAN CUFFEE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Isaac HalversonISAAC HALVERSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Katrina RubieraKATRINA RUBIERA
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lejuane BowensLEJUANE BOWENS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Andrew HendricksonANDREW HENDRICKSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gerard FallsGERARD FALLS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kristen WellonsKRISTEN WELLONS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Anna Hodges-SmithANNA HODGES-SMITH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
COOL SPRING TRANSPORT LLC
TRANSPORTATION · NC · income $0 · assets $0
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433329349300513
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