Downtown CREDO Inc
- Assets
- $56.5k
- Revenue
- $466.5k
- Investments
- $0.0
- Employees
- 22
- Location
- Orlando, FL
- Founding
- Data as of
- 06/2016
- EIN
- 27-2989696
Organization Overview
Downtown CREDO Inc is located in Orlando, FL. As of 06/2016, Downtown CREDO Inc employed 22 individuals. Downtown CREDO Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
CREDO'S MISSION: DOWNTOWN CREDO IS IMPROVING LIVES BY CULTIVATING NETWORKS OF MEANING, IMPACT AND COMMUNITY. THIS IS DONE CHIEFLY BE CREATING OPPORTUNITIES FOR INDIVIDUALS TO SERVE LOCALLY THROUGH PROJECTS RUN FOR PARTNERS OUR CREATE OURSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDO'S COFFEE DIVISION CREATES OPPORTUNITIES FOR PEOPLE TO SERVE COFFEE GROWERS IN GUATEMALA. THIS IS DONE BY SOURCING COFFEE DIRECTLY FROM GROWERS, PAYING THEM BETTER-THAN-MARKET PRICES AND COLLABORATING WITH THEM ON DEVELOPMENT EFFORTS IN THEIR REGIONS. THEN, VISITORS TO CREDO IN ORLANDO ARE INVITED TO DONATE FOR THEIR COFFEE DRINKS. AS INDIVIDUALS ASSIGN A VALUE TO THEIR COFFEE, THEY BECOME MORE CONSCIOUS OF THEIR POTENTIAL TO IMPACT THE WORLD FOR GOOD THROUGH SMALL CHOICES AND THE JOIN US IN HELPING THE GROWERS.
DOWNTOWN CREDO ORGANIZES AND MANAGES A COOPERATIVE SOCIAL ENTERPRISE ACCELERATOR FOCUSED ON NEW SOCIAL ENTERPRISE INITIATIVES THAT ORIGINATE FROM OR SERVE CENTRAL FLORIDA. A SOCIAL ENTERPRISE IS ANY ORGANIZATION FORMED IN ORDER TO SOLVE A SOCIAL, ECONOMIC OR ENVIRONMENTAL PROBLEM THAT INCORPORATES AN EARNED INCOME STREAM IN ITS BUSINESS MODEL. EACH RALLY MAKER (ALL GIVING MEMBERS) VOTES ON WHICH ORGANIZATION IS AWARDED UNRESTRICTED FUNDS TO ACCELERATE THEIR ENTERPRISE. THEN, A SELF-EVALUATION IS
CONDUIT IS CREATING OPPORTUNITIES TO EQUIP, CONNECT AND FEATURE CREATIVE ENDEAVORS THAT ENGAGE PEOPLE INTO LIVES OF MEANING, IMPACT AND COMMUNITY. THROUGH THE CONDUIT DIVISION, DOWNTOWN CREDO IS FEATURING ARTISTS AND MUSICIANS WHO INSPIRE PEOPLE TO LIVE WITH MEANING AND ORGANIZING AND EXECUTING FREE SKILL WORKSHOPS. DOWNTOWN CREDO HAS INVOLVED THOUSANDS OF PEOPLE IN PROJECTS RANGING FROM COOKING CLASSES, TRASH CLEAN UPS, VEGETABLE GARDENING AND PLAYGROUND REFURBISHING TO DESIGN THINKING, WRITING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Barcott Vice President | Trustee | 10 | $0 |
Nicole Higgins Coffee Director | Officer | 50 | $40,000 |
Jason Moore Coffee Director | Officer | 50 | $35,000 |
Ben Hoyer Executive Director | OfficerTrustee | 40 | $60,000 |
Jack Elkins President | Trustee | 5 | $0 |
Aaron Moore Board Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,966 |
| Total Program Service Revenue | $428,583 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,833 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,958 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,046 |
| Insurance | $0 |
| All other expenses | $102,698 |
| Total functional expenses | $457,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,480 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$868 |
| Total liabilities | -$868 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $57,348 |
Grants Awarded
Over the last fiscal year, Downtown CREDO Inc has awarded $21,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GROWING ORLANDO INC PURPOSE: Mission Related Investment | $11,667 |
REBUILD GLOBALLY INC PURPOSE: Mission Related Investment | $10,000 |