Downtown Foundation Inc is located in Bowling Green, OH. The organization was established in 2010. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Foundation 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 12/2022, Downtown Foundation Inc generated $125.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $119.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
YEAR AROUND BEAUTIFICATION PROJECTS FOR DOWNTOWN BOWLING GREEN INCLUDING CONSTRUCTION OF GREEN SPACES, PURCHASE OF HOLIDAY LIGHTS/DECORATIONS, AND GENERAL IMPROVEMENT TO THE OVERALL AESTHETICS OF DOWNTOWN.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Culbertson Director | 0.5 | $0 | |
Floyd Craft Treasurer | 0.5 | $0 | |
Randall Roberts Secretary | 0.5 | $0 | |
Richard Newlove President | 0.5 | $0 | |
Larry Weiss Vice President | 0.5 | $0 | |
Judy Ennis Director | 0.5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,303 |
| Total Program Service Revenue | $5,001 |
| Membership dues | $0 |
| Investment income | $36,794 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,098 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $118,001 |
| Total expenses | $119,376 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $343,360 |
| Other assets | $0 |
| Total assets | $343,360 |
| Total liabilities | $2,000 |
| Net assets or fund balances | $341,360 |