Downtown Farmville
- Assets
- $148.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Famrville, VA
- Founding
- 02/2014
- Data as of
- 12/2023
- EIN
- 45-2018548
Organization Overview
Downtown Farmville is located in Famrville, VA. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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 Farmville 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, Downtown Farmville generated $154.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $118.6k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FOSTER DOWNTOWN FARMVILLE REVIVAL BY ORGANIZING LOCAL EVENTS, APPLYING FOR AND ADMINSTRING PREVITALIZING GRANTS IN DOWNTOWN FARMVILLE, VA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Alexander Executive Dir. | 40 | $54,038 | |
Caryn Kayton President | 2.5 | $0 | |
Jake Romaine Vice President | 2.5 | $0 | |
Emily Pilk Vice President | 2.5 | $0 | |
Paul Hoffman Treasurer | 2.5 | $0 | |
Joni Beachley Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,435 |
| Total Program Service Revenue | $14,440 |
| Membership dues | $0 |
| Investment income | $133 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,008 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,172 |
| Professional fees and other payments to independent contractors | $1,487 |
| Occupancy, rent, utilities, and maintenance | $339 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,519 |
| Total expenses | $118,591 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $143,563 |
| Other assets | $0 |
| Total assets | $148,465 |
| Total liabilities | $194 |
| Net assets or fund balances | $148,271 |