Friends Of Downtown Pensacola Inc
- Assets
- $13.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-3452666
Organization Overview
Friends Of Downtown Pensacola Inc is located in Pensacola, FL. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Friends Of Downtown Pensacola 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, Friends Of Downtown Pensacola Inc generated $177.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $192.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 5 years. 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 Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR AND TO IMPLEMENT BEAUTIFICATION AND IMPROVEMENT PROJECTS IN DOWNTOWN PENSACOLA, FL IN ORDER TO DRAW PEOPLE BACK TO THE DOWNTOWN.
Describe the Organization's Program Activity:
Part 3
1ST CITY LIGHTS: CHRISTMAS LIGHTS
FOO-FOO FESTIVAL: A CELEBRATION OF LOCAL CULTURAL EVENTS
REPAST: FARM TO TABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Kopaz Secretary | 1 | $0 | |
Warren Sonnen Treasurer | 0.25 | $0 | |
Susan Clark Vice President | 0.25 | $0 | |
Walker Wilson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,000 |
| Total Program Service Revenue | $81,991 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $176,991 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,090 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $191,365 |
| Total expenses | $192,455 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,071 |
| Other assets | $0 |
| Total assets | $13,071 |
| Total liabilities | $8,318 |
| Net assets or fund balances | $4,753 |