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Nonprofiteer
← DOWNTOWN KINGSPORT ASSOCIATION INC

Form 990 for tax year 2022

Filed by DOWNTOWN KINGSPORT ASSOCIATION INC.

Totals

Total revenue
$186,041
Total expenses
$190,074
Contributions and grants received
$118,059
Grants paid
$0
Program service revenue
$67,982
Investment income
$0
Other revenue
$0
Total assets, end of year
$126,965
Total liabilities, end of year
$19,777
Net assets or fund balances, end of year
$107,188
Program services expenses (Part IX)
$58,421
Management and general expenses
$131,653
Fundraising expenses
$0
Program service expenses (Part III)
$58,421

Program services were 30.7% 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)

    $96,534

  • 1f · All other contributions, gifts and grants

    $21,525

  • 2a · Program service revenue: SPECIAL EVENTS

    total $67,982 · related or exempt $67,982

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $76,596 · management and general $76,596

  • 11c · Fees: accounting

    total $4,641 · management and general $4,641

  • 11g · Fees: other

    total $62,928 · program services $58,421 · management and general $4,507

  • 16 · Occupancy

    total $30,000 · management and general $30,000

  • 17 · Travel

    total $4,550 · management and general $4,550

  • 23 · Insurance

    total $11,359 · management and general $11,359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,589 · end of year $115,465

  • 4 · Accounts receivable

    beginning of year $175 · end of year $10,700

  • 9 · Prepaid expenses and deferred charges

    end of year $800

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,542 · end of year $11,277

  • 19 · Deferred revenue

    end of year $8,500

  • 27 · Net assets without donor restrictions

    beginning of year $111,222 · end of year $107,188

Mission and programs · 2022

Mission

TO PROMOTE THE DOWNTOWN KINGSPORT AREA CULTURAL, CIVIC, AND ECONOMIC ACTIVITIES TO ENHANCE THE LOCAL COMMUNITY.

  • TO PROMOTE THE DOWNTOWN KINGSPORT AREA CULTURAL, CIVIC, AND ECONOMIC ACTIVITIES TO ENHANCE THE LOCAL COMMUNITY. THIS INCLUDES PROMOTION OF DOWNTOWN KINGSPORT MERCHANTS AND BUSINESSES TO INCREASE ECONOMIC GROWTH AND TO ADVOCATE FOR THE PROVIDING OF SERVICES THAT ENHANCE THE DOWNTOOWN KINGSPORT AREA. THE ORGANIZATION PROMOTES DEVELOPMENT OF PROPERTY NOT PREVIOUSLY USED AND ACTS AS A VOICE FOR OVER 130 DOWNTOWN BUSINESSES.

  • TO PROMOTE THE DOWNTOWN KINGSPORT AREA CULTURAL, CIVIC, AND ECONOMIC ACTIVITIES TO ENHANCE THE LOCAL COMMUNITY. THIS INCLUDES PROMOTION OF DOWNTOWN KINGSPORT MERCHANTS AND BUSINESSES TO INCREASE ECONOMIC GROWTH AND TO ADVOCATE FOR THE PROVIDING OF SERVICES THAT ENHANCE THE DOWNTOOWN KINGSPORT AREA. THE ORGANIZATION PROMOTES DEVELOPMENT OF PROPERTY NOT PREVIOUSLY USED AND ACTS AS A VOICE FOR OVER 130 DOWNTOWN BUSINESSES.

    Expenses $58,421

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dory Creech

    PRESIDENT EL

    Total calculated
    $0

  • Frank Lett

    SECRETARY

    Total calculated
    $0

  • Billy Robinson

    PRESIDENT

    Total calculated
    $0

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
2022
Filed
13 February 2024
IRS schema version
2022v5.0
Source object
202400969349300310

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