Downtown Wytheville Incorporated
- Assets
- $212.6k
- Revenue
- $229.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Wytheville, VA
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 46-4878598
Organization Overview
Downtown Wytheville Incorporated is located in Wytheville, VA. The organization was established in 2015. 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 Wytheville Incorporated 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 Wytheville Incorporated generated $229.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $180.1k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 7 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
TO STIMULATE DOWNTOWN REVITALIZATION AND ECONOMIC GROWTH IN WYTHEVILLE, VA, THROUGH ORGANIZATION, PROMOTION, AND DESIGN
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN LATE DECEMBER 2022, DOWNTOWN WYTHEVILLE WAS CHOSEN 1 OF 10
THIS YEARS JULY 4 CELEBRATION AND STREET FESTIVAL WAS THE BIGGEST
DOWNTOWN WYTHEVILLE INITIATED A PARTNERSHIP WITH THE VT LANDSCAPE AND
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Penningto President | OfficerTrustee | 2 | $0 |
Shane Terry Vice President | OfficerTrustee | 2 | $0 |
Rob Kern Treasurer | OfficerTrustee | 2 | $0 |
Meagan Bokovoy Secretary | OfficerTrustee | 2 | $0 |
Lennon Counts Board Member | Trustee | 1 | $0 |
Deb King Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,813 |
| Noncash contributions included in lines 1a–1f | $227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,633 |
| Total Program Service Revenue | $10,707 |
| Investment income | $54 |
| 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 | $229,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,239 |
| 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. | $75,814 |
| Compensation of current officers, directors, key employees. | $75,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,953 |
| Payroll taxes | $5,709 |
| Fees for services: Management | $15,783 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,895 |
| Advertising and promotion | $8,454 |
| Office expenses | $2,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $2,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,976 |
| All other expenses | $17,675 |
| Total functional expenses | $180,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,826 |
| Savings and temporary cash investments | $120,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| 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 | $719 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $212,552 |
| Accounts payable and accrued expenses | $16,748 |
| 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 | $16,748 |
| Net assets without donor restrictions | $243 |
| Net assets with donor restrictions | $195,561 |
| 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 | $212,552 |
Grants Awarded
Over the last fiscal year, Downtown Wytheville Incorporated has awarded $16,134 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ANDERS SALON PURPOSE: FACADE GRT | $4,947 |
LOG HOUSE REST PURPOSE: REBUILD | $11,187 |