Form 990 for tax year 2023
Filed by DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION.
Totals
- Total revenue
- $261,997
- Total expenses
- $266,025
- Contributions and grants received
- $64,350
- Grants paid
- $14,637
- Program service revenue
- $197,647
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $47,130
- Total liabilities, end of year
- $3,003
- Net assets or fund balances, end of year
- $44,127
- Program services expenses (Part IX)
- $257,036
- Management and general expenses
- $8,989
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $257,036
Program services were 96.6% 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.
-
1d · Related organizations
$20,000
-
1f · All other contributions, gifts and grants
$44,350
-
2a · Program service revenue: EVENT FEES
total $197,647 · related or exempt $197,647
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $14,637 · program services $14,637
-
11c · Fees: accounting
total $8,175 · management and general $8,175
-
13 · Office expenses
total $814 · management and general $814
-
23 · Insurance
total $2,876 · program services $2,876
-
24a · Other expenses: CONTRACT LABOR
total $80,721 · program services $80,721
-
24b · Other expenses: SOUNDTRACKS
total $68,313 · program services $68,313
-
24c · Other expenses: FRIDAY NIGHT LIVE
total $45,064 · program services $45,064
-
24d · Other expenses: SUPPLIES
total $30,526 · program services $30,526
-
24e · All other expenses
total $14,899 · program services $14,899
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $52,614 · end of year $36,157
-
9 · Prepaid expenses and deferred charges
beginning of year $30,952 · end of year $10,973
-
17 · Accounts payable and accrued expenses
beginning of year $2,911 · end of year $3,003
-
24 · Unsecured notes and loans payable
beginning of year $32,500
-
27 · Net assets without donor restrictions
beginning of year $48,155 · end of year $44,127
Mission and programs · 2023
Mission
TO FURTHER ADVANCE THE ECONOMIC, AESTHETIC AND CULTURAL ENVIRONMENT OF HISTORIC DOWNTOWN BELMONT, NC.
-
SUMMER CONCERT SERIES INCLUDING FRIDAY NIGHT LIVE AND SOUNDTRACKS. DOWNTOWN BELMONT IS AMPLIFIED WITH LIVE MUSIC EVERY OTHER FRIDAY NIGHT STARTING IN LATE APRIL THROUGH JULY 4TH. THE DBDA HOLDS THESE CONCERTS FOR THE COMMUNITY AND BRINGS IN A DIVERSE LINE UP OF MUSIC EVERY YEAR. THESE SUMMER CONCERTS ARE EXTREMELY POPULAR, KID FRIENDLY, AND DRAW THOUSANDS OF SPECTATORS INTO DOWNTOWN. IN ADDITION TO THE FRIDAY NIGHT CONCERTS, DBDA HAD AN ADDITIONAL CONCERT FEATURING THE MARSHALL TUCKER BAND.
Expenses $184,596
-
GRANTS TO LOCAL BUSINESSES
Expenses $14,637 · Grants $14,637
-
ALL OTHER EVENTS
Expenses $57,803
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amy BossardAMY BOSSARD
DESIGN COMMI
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer ChurchJENNIFER CHURCH
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kelly GlantzKELLY GLANTZ
ORGANIZATION
- Total calculated
- $0
- Hours/week
- 2
-
Jim HefferanJIM HEFFERAN
APPT. COUNCI
- Total calculated
- $0
- Hours/week
- 2
-
Joe JordanJOE JORDAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin KrouseKEVIN KROUSE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Cassidy LackeyCASSIDY LACKEY
COMMUNITY DE
- Total calculated
- $0
- Hours/week
- 40
-
Susan MartelloSUSAN MARTELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Seth SherrinSETH SHERRIN
ORGANIZATION
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth SimcoxELIZABETH SIMCOX
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Alex SzucsALEX SZUCS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Al WallAL WALL
EVC CO- CHAI
- 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.
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.
-
CITY OF BELMONT
170C1 · CITY · NC
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 December 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443589349300009
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