Downtown Janesville Inc
- Assets
- $109.1k
- Revenue
- $55.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Janesville, WI
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 38-3672455
Organization Overview
Downtown Janesville Inc is located in Janesville, WI. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Janesville 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 Janesville Inc generated $55.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $46.2k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN JANESVILLE INC WORKS TO PROMOTE ECONOMIC DEVELOPMENT, ENCOURAGE THE PRESERVATION OF HISTORIC BUILDINGS, AND INCREASE OPPORTUNITIES FOR ACTIVITIES IN THE DOWNTOWN. DOWNTOWN JANESVILLE INC GOALS INCLUDE BUSINESS RETENTION, EXPANSION, RENOVATION, HISTORIC REHABILITATION AND REDEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSITIONS THE DOWNTOWN AS A DESTINATION; MAINTAINS THE INTEGRITY OF THE DESTINATION DOWNTOWN BRAND; AND CREATES A POSITIVE IMAGE THAT SHOWCASES THE DOWNTOWNS UNIQUE CHARACTERISTICS. PROGRAM MAINTAINS, UPDATES AND SOLICITS SPONSORSHIPS FOR DOWNTOWNJANESVILLE.COM; COORDINATES THE DESIGN AND PRODUCTION OF PROMOTIONAL MATERIALS, AS THE BUDGET ALLOWS.
SUPPORTS A COMMUNITY'S TRANSFORMATION BY ENHANCING THE PHYSICAL AND VISUAL ASSETS THAT SET THE COMMERCIAL DISTRICT APART. THE COMMITTEE DECORATES THE DOWNTOWN FOR A VARIETY OF SEASON USING FUNDING FROM DJI AND THE BID. FOCUS IS ON THE ROTH PAVILION, JP CULLEN PAVILION, MAIN STREET, AND MILWAUKEE STREET. COMMITTEE OVERSEES CLEAN-UP ACTIVITIES WITHIN THE DOWNTOWN AND OVERSEES THE WINTER WINDOW DECORATING CONTEST.
FOCUSES ON CAPITAL, INCENTIVES, AND OTHER ECONOMIC AND FINANCIAL TOOLS TO ASSIST NEW AND EXISTING BUSINESSES, CATALYZE PROPERTY DEVELOPMENT, AND CREATE A SUPPORTIVE ENVIRONMENT FOR ENTREPRENEURS AND INNOVATORS THAT DRIVE LOCAL ECONOMIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maddie Adams Admin Assistant | Trustee | 6 | $6,215 |
Emily Arthur Director | Trustee | 1 | $1,747 |
Britten Langfoss Ex-Officio | Officer | 1 | $0 |
Dan Cunningham Past President | Officer | 1 | $0 |
Joshua Pickering Co-Secretary | Officer | 1 | $0 |
Betsy Pelsue Co-Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,565 |
| Related organizations | $0 |
| Government grants | $9,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $313 |
| Noncash contributions included in lines 1a–1f | $7,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,384 |
| Total Program Service Revenue | $3,419 |
| Investment income | $355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $159 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $7,962 |
| Compensation of current officers, directors, key employees. | $7,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,253 |
| Advertising and promotion | $0 |
| Office expenses | $1,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,688 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,397 |
| All other expenses | $2,654 |
| Total functional expenses | $46,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,458 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,655 |
| Total assets | $109,113 |
| 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 | $7,263 |
| Total liabilities | $7,263 |
| Net assets without donor restrictions | $101,850 |
| Net assets with donor restrictions | $0 |
| 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 | $109,113 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Janesville Inc has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Southwest Michigan First Corporation Kalamazoo, MI | $10,945,070 | $8,560,798 |
Wenonah Park Properties Inc Bay City, MI | $22,411,152 | $7,079,713 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Grand Rapids-Kent Cty Convention Center & Vistors Bureau Grand Rapids, MI | $10,130,209 | $9,465,987 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |