Twin Villages Downtown Alliance
- Assets
- $81.2k
- Revenue
- $2.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 45-4543067
Organization Overview
Twin Villages Downtown Alliance is located in Damariscotta, ME. The organization was established in 2014. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Villages Downtown Alliance 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, Twin Villages Downtown Alliance generated $2.5k 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 (25.0%) each year. All expenses for the organization totaled $5.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.9%) 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
THE MISSION OF THE TVDA IS TO COLLABORATE AND COORDINATE EFFECTIVELY ACROSS THE PUBLIC, PRIVATE AND SOCIAL SECTORS OF THE COMMUNITY TO ENHANCE THE COMMUNITIES WELL BEING AND SUSTAINABILITY IN THE TWIN VILLAGES OF DAMARISCOTTA AND NEWCASTLE. THE ORGANIZATION SEEKS TO ACCOMPLISH THIS GOAL BY BRINGING TOGETHER ALL OF THE STAKEHOLDERS IN THE COMMUNITY, (THE TOWNS OF DAMARISCOTTA AND NEWCASTLE, THE LOCAL COMMUNITY, EDUCATIONAL INSTITUTIONS, LOCAL BUSINESSES AND NON-PROFIT ORGANIZATIONS) TO IMPROVE COMMUNICATION AND SUSTAINED DIVERSE GROWTH WITHIN THE TWO TOWNS. TWIN VILLAGES DOWNTOWN ALLIANCE STRIVES TO INFORM AND EDUCATE THE PUBLIC ABOUT CURRENT ACTIVITIES THAT THE TWIN VILLAGES OF DAMARISCOTTA AND NEWCASTLE ARE UNDERTAKING IN AN UNBIASED AND INFORMING MANNER. WE HOST PUBLIC INFORMATION SESSIONS TO CONVENE STAKEHOLDERS FOR VARIOUS DIALOGUES, EMAIL COMMUNITY MEMBERS INFORMATION SUBMITTED BY THE TOWNS TO COORDINATE EFFORTS TO IMPROVE THE COMMUNITY AS A WHOLE. OUR GOAL IS TO MAKE SURE THAT AN
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THE TWIN VILLAGES DOWNTOWN ALLIANCE WORKED TO IMPROVE COMMUNICATION WITH THE TOWNS OF DAMARISCOTTA AND NEWCASTLE AND THE MEMBERS OF THE LOCAL COMMUNITY. WE COORDINATED VARIOUS DISCUSSIONS RELATED TO THE CHANGES WITHIN THE TOWNS OF DAMARISCOTTA AND NEWCASTLE. WE ALSO HELPED TO COORDINATE EVENTS WITHIN THE TWIN VILLAGES INCLUDING A MAP FOR CYCLISTS VISITING THE TWIN VILLAGES.
IN 2021 THE TWIN VILLAGES DOWNTOWN ALLIANCE COORDINATED A DOWNTOWN CAPITAL IMPROVEMENT PROJECT FOR THE COMMUNITY. VOLUNTEERS WORKED TO MAKE IMPROVEMENTS TO THE INFORMATION BUREAU FACILITY TO REPAIR AND MAKE IMPROVEMENTS TO BENEFIT THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kate Reny President | OfficerTrustee | 3 | $0 |
Sarah Maurer Vice President | OfficerTrustee | 1 | $0 |
Frederick Brewer Treasurer | OfficerTrustee | 2 | $0 |
Scott Conant Director | Trustee | 0.5 | $0 |
Andrew Fenniman Director | Trustee | 0.5 | $0 |
Martha Calric Director | Trustee | 0.5 | $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 | $2,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,475 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,475 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,173 |
| 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 | $0 |
| Total assets | $81,173 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $81,173 |
| 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 | $81,173 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twin Villages Downtown Alliance has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Alliances & Advocacy | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Accelerate Action Inc Boston, MA | $10,902,040 | $7,052,385 |
Living In Freedom Together List Inc Worcester, MA | $2,290,660 | $2,424,166 |
Massachusetts Coalition To Prevent Gun Violence Inc Boston, MA | $140,067 | $347,839 |
Ruck-Up Inc Keene, NH | $159,531 | $0 |
My Brothers Keeper Task Force Inc Newton, MA | $198,303 | $235,931 |