Jamestown Renaissance Corporation
- Assets
- $1.1m
- Revenue
- $487.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Jamestown, NY
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 30-0413862
Organization Overview
Jamestown Renaissance Corporation is located in Jamestown, NY. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Jamestown Renaissance Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jamestown Renaissance Corporation 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 12/2021, Jamestown Renaissance Corporation generated $487.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $492.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GUIDE AND IMPLEMENT THE CITY OF JAMESTOWN, NEW YORK'S URBAN DESIGN PLAN AND NEIGHBORHOOD REVITALIZATION PLAN AND THE PLANNING AND PROMOTION OF EVENTS AND BUSINESS DEVELOPMENT IN DOWNTOWN JAMESTOWN, NY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUIDANCE AND IMPLEMENTATION OF THE CITY OF JAMESTOWN, NEW YORK'S URBAN DESIGN PLAN. GUIDANCE AND IMPLEMENTATION OF THE NEIGHBORHOOD INVESTMENT PROGRAM IN THE CITY OF JAMESTOWN, NEW YORK. PROGRAMS INCLUDE URBAN CORE INVESTMENT PROGRAM AND NEIGHBORHOD INVESTMENT PROGRAM.
UP CLOSE JAMESTOWN - THE MISSION OF UP CLOSE JAMESTOWN IS TO INCREASE TOURISM AND HIGHLIGHT ALL OF THE GREAT THINGS THAT ARE HAPPENING IN JAMESTOWN, NEW YORK, INCLUDING DINING, EVENTS, ATTRACTIONS, AND HOSPITALITY OPTIONS FOR BOTH VISITORS AND RESIDENTS.
JAMESTOWN PUBLIC MARKET - THE MARKET FEATURES FRESH GROWN PRODUCE, BAKED GOODS, ARTISAN GOODS, GOURMET COFFEE, LUNCH, AND SPECIAL ACTIVITIES IN DOWNTOWN JAMESTOWN, NEW YORK EVERY SATURDAY FROM JUNE TO OCTOBER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristofor Sellstrom Co-Chairperson | OfficerTrustee | 1 | $0 |
Tory Irgang Vice-Chairperson | OfficerTrustee | 1 | $0 |
Kristy Zabrodsky Treasurer | OfficerTrustee | 1 | $0 |
Kristin Lee Yaw Secretary | OfficerTrustee | 1 | $0 |
Edward Sundquist Co-Chairperson | OfficerTrustee | 1 | $0 |
Luke Fodor Director | 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 | $486,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,750 |
| Total Program Service Revenue | $0 |
| Investment income | $727 |
| 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 | $487,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $168,978 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,894 |
| Pension plan accruals and contributions | $2,662 |
| Other employee benefits | $28,417 |
| Payroll taxes | $6,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,650 |
| Advertising and promotion | $40 |
| Office expenses | $5,056 |
| Information technology | $3,084 |
| Royalties | $0 |
| Occupancy | $11,355 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,980 |
| Interest | $349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,754 |
| Insurance | $7,026 |
| All other expenses | $2,502 |
| Total functional expenses | $492,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,353 |
| Savings and temporary cash investments | $360,499 |
| 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 | $531,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,089,680 |
| Accounts payable and accrued expenses | $939 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $872 |
| 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 | $0 |
| Total liabilities | $1,811 |
| Net assets without donor restrictions | $689,322 |
| Net assets with donor restrictions | $398,547 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,089,680 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Jamestown Renaissance Corporation has recieved totaling $838,000.
| Awarding Organization | Amount |
|---|---|
Gebbie Foundation Inc Jamestown, NY PURPOSE: 2022 OPERATING SUPPORT | $360,000 |
Gebbie Foundation Inc Jamestown, NY PURPOSE: OPERATING SUPPORT | $348,000 |
Reginald A And Elizabeth S Lenna Foundation Inc Lakewood, NY PURPOSE: BLOCK CHALLENGE 2.0 | $50,000 |
Ralph C Sheldon Foundation Inc Jamestown, NY PURPOSE: OPERATING SUPPORT | $40,000 |
Chautauqua Region Community Foundation Inc Jamestown, NY PURPOSE: OPERATING SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $37,360 |
| Earnings | $4 |
| Other Expense | $1,835 |
| Ending Balance | $35,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |