Downtown Middletown Inc
- Assets
- $137.8k
- Revenue
- $258.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Middletown, OH
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 45-2507428
Organization Overview
Downtown Middletown Inc is located in Middletown, OH. The organization was established in 2013. 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. Downtown Middletown 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, Downtown Middletown Inc generated $258.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $335.0k during the year ending 12/2023. While expenses have increased by 21.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BUSINESS IN DOWNTOWN MIDDLETOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE BUSINESS IN DOWNTOWN MIDDELTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Dranschak Secretary | OfficerTrustee | 0 | $0 |
Stephen Wayne Treasurer | OfficerTrustee | 0 | $0 |
Mary Johnson Chair | OfficerTrustee | 0 | $0 |
Carli Hillman Vice Chair | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $77,936 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $22,000 |
| Government grants | $30,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,086 |
| Total Program Service Revenue | $122,569 |
| Investment income | $4,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $350 |
| 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 | -$3,458 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,320 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $367 |
| Payroll taxes | $3,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,783 |
| Fees for services: Other | $44,706 |
| Advertising and promotion | $28,891 |
| Office expenses | $5,242 |
| Information technology | $7,777 |
| Royalties | $0 |
| Occupancy | $3,964 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $1,217 |
| Conferences, conventions, and meetings | $12,446 |
| Interest | $5,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,412 |
| All other expenses | $2,515 |
| Total functional expenses | $335,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,494 |
| Savings and temporary cash investments | $35,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,933 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,025 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $88,826 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,831 |
| Accounts payable and accrued expenses | $1,960 |
| Grants payable | $24,100 |
| 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 | $50,900 |
| Other liabilities | $0 |
| Total liabilities | $76,960 |
| Net assets without donor restrictions | $36,771 |
| Net assets with donor restrictions | $24,100 |
| 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 | $137,831 |