Friends Of Downtown Inc
- Assets
- $58.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, IN
- Founding
- 12/1980
- Data as of
- 12/2023
- EIN
- 31-0994063
Organization Overview
Friends Of Downtown Inc is located in Lafayette, IN. The organization was established in 1980. 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. Friends Of Downtown 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 12/2023, Friends Of Downtown Inc generated $23.0k 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 (3.8%) each year. All expenses for the organization totaled $32.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Mccammon President | 3 | $0 | |
Iris Goldfeder Vice President | 0.25 | $0 | |
Julia Snipes Secretary | 0.25 | $0 | |
Stephen Bultinck Treasurer | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,229 |
| Total Program Service Revenue | $0 |
| Membership dues | $350 |
| Investment income | $1,177 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,198 |
| Other Revenue | $0 |
| Total Revenue | $22,954 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $4,516 |
| Printing, publications, postage, and shipping | $260 |
| Other expenses | $8,447 |
| Total expenses | $32,606 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,576 |
| Other assets | $0 |
| Total assets | $58,441 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,441 |