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DOWNTOWN GREENSBORO INC

EIN 56-2011549 GREENSBORO, NC

Revenue 2024
$2,307,996
Expenses 2024
$2,510,395

As filed

Subsection
06
Classification
3000
Street
532 S ELM ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

PROMOTE AND STIMULATE NEW INVESTMENT, INTEREST AND ECONOMIC DEVELOPMENT IN THE CENTER CITY AREA OF GREENSBORO, NORTH CAROLINA.

  • DOWNTOWN MUNICIPAL SERVICE DISTRICT (DMSD) FUNDS PROJECT TO PROVIDE FUNDS LEVIED AND COLLECTED BY THE CITY FROM AD VALOREM PROPERTY TAXES AND SALES TAXES IN THE DMSD AS AUTHORIZED BY NCGS 160A-536(D)TO DGI TO PERFORM, PROMOTE, AND DEVELOP SERVICES, FACILITIES, FUNCTIONS, AND PROMOTIONAL AND DEVELOPMENTAL ACTIVITIES IN THE DMSD. FUNDS ARE USED TO POSITION THE DOWNTOWN BUSINESS IMPROVEMENT DISTRICT AS AN ATTRACTIVE, VIBRANT DESTINATION FOR THOSE WHO WORK, PLAY AND LIVE HERE THROUGH PUBLIC SPACE MANAGEMENT, ECONOMIC DEVELOPMENT INITIATIVES, MARKETING SERVICES, SPECIAL EVENTS AND ADVOCACY ACTIVITIES.

  • ECONOMIC SERVICES PROJECT - TO PROVIDE FOR THE REVITALIZATION AND ECONOMIC DEVELOPMENT OF DOWNTOWN GREENSBORO. SERVICES INCLUDE MARKETING OF THE DOWNTOWN AREA, ECONOMIC DEVELOPMENT PROGRAMS, PROGRAM MANAGEMENT AND IMPLEMENTATION AS WELL AS PROVIDING LONG TERM VISION DEVELOPMENT AND PLANNING RECOMMENDATIONS FOR THE DOWNTOWN AREA.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Zack Matheny

    FORMER PRESIDENT & CEO

    Total calculated
    $281,336
    From this org
    $281,336
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $269,567
    Bonus
    $0
    Other
    $11,769
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $281,336
  • Stu Nichols

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Seraj Patel

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Chris Waldeck

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mark Prince

    BOARD EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Arthur Samet

    BOARD EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gina Hicks

    BOARD EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Trey Davis

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kristina Fuller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Lori Poag

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Craig Carlock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Tiffany Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dan Eder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Derek Carte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Virginia Freyaldenhoven

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kevin Sasser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Joy Ross

    CFO

    Total calculated
    $84,812
    From this org
    $84,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    36 + 2 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $2,307,996
    Expenses
    $2,510,395
    Contributions
    $816,667
    Grants paid
    $0
  • 2023
    Revenue
    $2,143,224
    Expenses
    $2,010,876
    Contributions
    $555,792
    Grants paid
    $0
  • 2022
    Revenue
    $2,344,155
    Expenses
    $2,283,486
    Contributions
    $856,373
    Grants paid
    $545,830
  • 2022
    Revenue
    $2,344,155
    Expenses
    $2,283,486
    Contributions
    $856,373
    Grants paid
    $545,830

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,929,059
    Expenses
    $1,881,707
    Assets (EOY)
    $1,475,493
  • 2020 · 990

    Revenue
    $1,599,630
    Expenses
    $1,529,951
    Assets (EOY)
    $1,416,640
  • 2019 · 990

    Revenue
    $1,895,606
    Expenses
    $1,464,904
    Assets (EOY)
    $1,387,039
  • 2018 · 990

    Revenue
    $1,458,381
    Expenses
    $1,308,980
    Assets (EOY)
    $983,257
  • 2017 · 990

    Revenue
    $1,341,000
    Expenses
    $1,010,392
    Assets (EOY)
    $848,397
  • 2017 · 990

    Revenue
    $1,341,000
    Expenses
    $1,010,392
    Assets (EOY)
    $848,397
  • 2016 · 990

    Revenue
    $849,949
    Expenses
    $1,026,981
    Assets (EOY)
    $560,084
  • 2016 · 990

    Revenue
    $849,949
    Expenses
    $1,026,981
    Assets (EOY)
    $560,084
  • 2015 · 990

    Revenue
    $682,872
    Expenses
    $630,968
    Assets (EOY)
    $651,118
  • 2014 · 990

    Revenue
    $893,586
    Expenses
    $921,920
    Assets (EOY)
    $624,229

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • 2022 CATALYST GRANT

  • NEIGHBORS GSO LLC

    $25,000

    2022 CATALYST GRANT

  • 112 W LEWIS STREET QOZB LLC

    $25,000

    2022 CATALYST GRANT

  • NOMUNICATION LLC

    $20,000

    2022 CATALYST GRANT

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.