Form 990 for tax year 2023
Filed by LOUISA DOWNTOWN DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $406,526
- Total expenses
- $442,746
- Contributions and grants received
- $401,492
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,034
- Other revenue
- $0
- Total assets, end of year
- $183,787
- Total liabilities, end of year
- $1,327
- Net assets or fund balances, end of year
- $182,460
- Program services expenses (Part IX)
- $412,764
- Management and general expenses
- $22,726
- Fundraising expenses
- $7,256
- Program service expenses (Part III)
- $412,764
Program services were 93.2% 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)
$401,492
-
3 · Investment income
total $5,034 · related or exempt $5,034
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $193,487 · program services $179,863 · management and general $6,812 · fundraising $6,812
-
11c · Fees: accounting
total $1,500 · management and general $1,500
-
11g · Fees: other
total $231,130 · program services $216,272 · management and general $14,414 · fundraising $444
-
16 · Occupancy
total $12,000 · program services $12,000
-
22 · Depreciation, depletion and amortization
total $304 · program services $304
-
23 · Insurance
total $4,325 · program services $4,325
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,754 · end of year $18,099
-
2 · Savings and temporary cash investments
beginning of year $130,087 · end of year $105,203
-
4 · Accounts receivable
beginning of year $500 · end of year $10,450
-
10a · Land, buildings and equipment: cost or other basis
$16,515
-
10b · Land, buildings and equipment: accumulated depreciation
$16,515
-
10c · Land, buildings and equipment, net
beginning of year $304
-
15 · Other assets
beginning of year $50,035 · end of year $50,035
-
17 · Accounts payable and accrued expenses
end of year $1,327
-
27 · Net assets without donor restrictions
beginning of year $218,680 · end of year $182,460
Mission and programs · 2023
Mission
Preserve historic properties and provide and promote appreciation for the arts and culture in the community.
-
The organization is raising money to continue to manage anhistoric building in the Town of Louisa which is being used as a community arts center. Art, musical, educational and other cultural programs are offered to the community.
Expenses $412,764
As filed on the 2023 return.
Listed in Part VII
-
Stuart Dukeman
President
- Total calculated
- $0
- Hours/week
- 10
-
Young Weaver
Director
- Total calculated
- $0
- Hours/week
- 10
-
Karin Luck
Director
- Total calculated
- $0
- Hours/week
- 10
-
James Smith
Director
- Total calculated
- $0
- Hours/week
- 10
-
Elizabeth Nelson
Director
- Total calculated
- $0
- Hours/week
- 10
-
Rob See
Director
- Total calculated
- $0
- Hours/week
- 10
-
Greg Schumacher
Vice President
- Total calculated
- $0
- Hours/week
- 10
-
Jennifer Purcell
Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Jo Griffith
Director
- Total calculated
- $0
- Hours/week
- 10
-
LaVahn Hoh
Director
- Total calculated
- $0
- Hours/week
- 10
-
William Guilford
Treasurer
- Total calculated
- $0
- Hours/week
- 10
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
- 5 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402579349300015
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