Marion Downtown Revitalization Association
- Assets
- $57.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, VA
- Founding
- 12/1994
- EIN
- 54-1671339
Organization Overview
Marion Downtown Revitalization Association is located in Marion, VA. The organization was established in 1994. 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. Marion Downtown Revitalization Association 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 undefined, Marion Downtown Revitalization Association generated $23.8k 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 (6.4%) each year. All expenses for the organization totaled $41.7k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 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
Describe the Organization's Program Activity:
Part 3
THE OBJECTIVES OF MARION DOWNTOWN REVITALIZATION, INC. (ASSOCIATION) ARE TO IDENTIFY AREAS OF IMPROVEMENT IN DOWNTOWN MARION AND WORK WITH THE LOCAL GOVERNMENT, BUSINESSES AND RESIDENTS TO MAKE DOWNTOWN MARION AN ATTRACTIVE PLACE TO LIVE, WORK AND SHOP BY ENHANCING THE DOWNTOWN'S APPEARANCE, CREATING AN ATMOSPHERE WHERE THE RESIDENTS AND VISITORS FEEL SAFE AND BY CONTRIBUTING TO THE PRESERVATION OF THE DISTRICT'S HISTORICAL CHARACTERISTICS. THE ASSOCIATION WILL PROVIDE ASSISTANCE TO THE DOWNTOWN DISTRICT IN THE ONGOING EFFORT OF ATTRACTING A VARIETY OF NEW BUSINESSES. THE ASSOCIATION SHALL BE CONDUCTED AS A NONPROFIT ORGANIZATION, AND NO PART OF THE PROFIT (IF ANY) OF THE ASSOCIATION SHALL INURE TO THE BENEFIT OF ANY MEMBER OR OTHER PERSON.
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 |
|---|---|---|---|
Brian Reed Vp/ Treasure | 0.35 | $0 | |
Rex Anders President | 0.35 | $0 | |
Ann Saufley Secretary | 0.35 | $0 | |
Dana Chamberlin Director | 0.35 | $0 | |
Rachel Gibson Director | 0.35 | $0 | |
Tricia Spencer Director | 0.35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,833 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,401 |
| Other Revenue | $362 |
| Total Revenue | $23,797 |
| Statement of Expenses | |
|---|---|
| Total expenses | $41,719 |
| Balance Sheet | |
|---|---|
| Total assets | $57,144 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Salisbury Wicomico Economic Development Inc Salisbury, MD | $1,249,911 | $5,424,669 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Ohio Valley Industrial And Business Development Corporation Wheeling, WV | $52,241,804 | $7,887,097 |
Tri-County Council For Southern Maryland Hughesville, MD | $3,701,278 | $4,380,488 |