Destination Downtown Edenton Inc
- Assets
- $51.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edenton, NC
- Founding
- 08/2005
- Data as of
- 06/2024
- EIN
- 20-1679897
Organization Overview
Destination Downtown Edenton Inc is located in Edenton, NC. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination Downtown Edenton Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Destination Downtown Edenton Inc generated $122.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $166.4k during the year ending 06/2024. While expenses have increased by 3.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE EDENTON MAIN STREET PROGRAM IS TO PRESERVE, MANAGE, PROMOTE, RECRUIT, AND ENHANCE THE DEVELOPMENT OF EDENTON'S HISTORIC DOWNTOWN IN A SPIRIT OF COOPERATION, AS THE CULTURAL, HISTORIC, AND ECONOMIC CENTER OF CHOWAN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sambo Dixon Board Member | 0 | $0 | |
Susan Creed Ex Officio | 0 | $0 | |
Corey Gooden Ex Officio | 0 | $0 | |
Burton Swain Chair | 0 | $0 | |
Larry Mclaughlin Board Member | 0 | $0 | |
James H Chesson Jr Executive Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,200 |
| Total Program Service Revenue | $37,899 |
| Membership dues | $0 |
| Investment income | $121 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,220 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $70,051 |
| Professional fees and other payments to independent contractors | $10,622 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $369 |
| Other expenses | $85,379 |
| Total expenses | $166,421 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,335 |
| Other assets | $0 |
| Total assets | $51,479 |
| Total liabilities | $1,483 |
| Net assets or fund balances | $49,996 |