Burlington Downtown Corporation
- Assets
- $111.2k
- Revenue
- $188.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Burlington, NC
- Founding
- 01/2011
- Data as of
- 06/2021
- EIN
- 56-1627620
Organization Overview
Burlington Downtown Corporation is located in Burlington, NC. The organization was established in 2011. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Burlington Downtown Corporation 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 06/2021, Burlington Downtown Corporation generated $188.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $306.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Burlington Downtown Corporation has awarded 13 individual grants totaling $321,901. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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 BDC IS TO CREATE AN ENVIRONMENT FOR DOWNTOWN REDEVELOPMENT BY ENGAGING COMMUNITY STAKEHOLDERS AND PARTNERS, AND TO INSPIRE INVESTMENT, BUSINESS DEVELOPMENT AND JOB GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE DEVELOPMENT OF DOWNTOWN BURLINGTON AS THE CULTURAL,HISTORIC AND ECONOMIC CENTER OF THE COMMUNITY AND PROMOTE UNITY AMONG ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coleman Rich President | OfficerTrustee | $0 | |
Madison Taylor Secretary | OfficerTrustee | $0 | |
Howard Hawks Treasurer | OfficerTrustee | $0 | |
Holly Treadwell Board Member | Trustee | $0 | |
Tracy Schmidt Board Member | Trustee | $0 | |
Ian Baltutis Ex-Officio B | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,312 |
| Total Program Service Revenue | $0 |
| Investment income | $235 |
| 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 | $188,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,683 |
| 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 | $47,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,377 |
| Payroll taxes | $3,540 |
| 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 | $21,593 |
| Advertising and promotion | $2,222 |
| Office expenses | $8,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $581 |
| Travel | $207 |
| 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 | $3,402 |
| All other expenses | $881 |
| Total functional expenses | $306,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,486 |
| 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 | $111,184 |
| Accounts payable and accrued expenses | $4,670 |
| 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 | $4,670 |
| Net assets without donor restrictions | $34,544 |
| Net assets with donor restrictions | $71,970 |
| 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 | $111,184 |
Grants Awarded
Over the last fiscal year, Burlington Downtown Corporation has awarded $68,683 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
G3 LLC | | | $55,000 |
BEECHWOOD FAMILY PROPERTIES LLC | | | $13,683 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Burlington Downtown Corporation has recieved totaling $5,057.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Tenn Human Resource Agency Inc Knoxville, TN | $20,466,958 | $48,339,274 |
Middle Georgia Community Action Agency Inc Warner Robins, GA | $16,341,072 | $22,831,076 |
Lions Services Inc Charlotte, NC | $6,497,878 | $15,970,949 |
Hope House Foundation Inc Norfolk, VA | $8,074,708 | $12,111,448 |
Sertoma Center Inc Knoxville, TN | $10,787,048 | $12,520,977 |
Randolph Community Service Inc Randleman, NC | $1,820,869 | $8,445,154 |
Virginia Regional Transit Purcellville, VA | $16,382,383 | $8,231,477 |
Jaars Inc Waxhaw, NC | $12,433,340 | $6,450,483 |
Lynchburg South Lodge No 1727 Loyal Order Of The Moose Lynchburg, VA | $3,317,172 | $6,195,077 |
Pee Dee Coalition Against Domestic And Sexual Assault Florence, SC | $7,943,993 | $6,463,793 |
Solutions That Empower People Inc Rocky Mount, VA | $2,704,443 | $4,763,662 |
Rooftop Of Virginia Cap Galax, VA | $1,411,246 | $4,260,955 |