Downtown Bellefonte Inc
- Assets
- $118.1k
- Revenue
- $142.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Bellefonte, PA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4416450
Organization Overview
Downtown Bellefonte Inc is located in Bellefonte, PA. 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. Downtown Bellefonte 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 12/2021, Downtown Bellefonte Inc generated $142.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $78.6k during the year ending 12/2021. While expenses have increased by 16.3% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN DOWNTOWN BELLEFONTE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN DOWNTOWN BELLEFONTE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennilyn Schuster Main Streeet Manager | Officer | 40 | $25,872 |
Michael Scott Vice President | OfficerTrustee | 1 | $0 |
Taylor Decker Treasurer | OfficerTrustee | 2 | $0 |
Ellen Matis President | OfficerTrustee | 6 | $0 |
Virginia Direnzo Secretary | OfficerTrustee | 2 | $0 |
Rod Beard Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,409 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,567 |
| Total Program Service Revenue | $48,899 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,685 |
| Net Income from Fundraising Events | $40,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,943 |
| 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. | $32,104 |
| Compensation of current officers, directors, key employees. | $6,421 |
| 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 | $3,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,787 |
| Office expenses | $2,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,483 |
| All other expenses | $0 |
| Total functional expenses | $78,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,127 |
| 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 | $118,127 |
| Accounts payable and accrued expenses | $10,064 |
| 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 | $10,064 |
| Net assets without donor restrictions | $108,063 |
| Net assets with donor restrictions | $0 |
| 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 | $118,127 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Downtown Bellefonte Inc has recieved totaling $15,597.
| Awarding Organization | Amount |
|---|---|
Centre County Lion Country Visitors Convention Bureau State College, PA PURPOSE: TOURISM PROMOTION | $10,000 |
Centre County Community Foundation Inc State College, PA PURPOSE: GENERAL SUPPORT | $5,584 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Sid Public Services Association Columbus, OH | $3,043,026 | $3,862,882 |
Baltimore Public Markets Corporation Baltimore, MD | $11,139,758 | $2,603,111 |
City Life - Community Builders Baltimore, MD | $1,816,865 | $2,439,608 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |
Addie Mae Collins Community Services New York, NY | $1,021,619 | $2,927,389 |
Ohio Bankers League Columbus, OH | $3,226,462 | $2,753,967 |
Wc Workshop Inc Mullens, WV | $199,940 | $2,482,765 |
Sexual Assault Spouse Resource Center Inc Bel Air, MD | $5,770,561 | $3,338,496 |
International Brotherhood Of Painters And Allied Trades Philadelphia, PA | $3,917,796 | $1,653,938 |