Downtown Sheridan Association
- Assets
- $167.2k
- Revenue
- $213.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Sheridan, WY
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 74-2394149
Organization Overview
Downtown Sheridan Association is located in Sheridan, WY. The organization was established in 1986. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Downtown Sheridan Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Sheridan 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 12/2021, Downtown Sheridan Association generated $213.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $177.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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 PRESERVE, ENHANCE, AND PROMOTE HISTORIC DOWNTOWN SHERIDAN TO ENSURE FUTURE PROSPERITY. THE DOWNTOWN SHERIDAN AREA SERVES AS THE HEARTBEAT OF THE COMMUNITY WHERE PEOPLE COME TOGETHER TO ENJOY LOCAL SERVICES, CONVENIENT SHOPPING, AND UNIQUE RECREATIONAL AND CULTURAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVITALIZATION OF HISTORIC DOWNTOWN--MAIN STREET PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Cook Treasurer | Officer | $0 | |
Jim Mowry President | Officer | $0 | |
Jonny Law Secretary | Officer | $0 | |
Jay Martinson Vice Preside | Officer | $0 | |
Chris Carroll Director | Trustee | $0 | |
Paula Whitworth Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,810 |
| Total Program Service Revenue | $107,878 |
| Investment income | $4,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $964 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,479 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,700 |
| Payroll taxes | $6,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,992 |
| Office expenses | $4,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,868 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,885 |
| Interest | $308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,354 |
| Insurance | $988 |
| All other expenses | $10,329 |
| Total functional expenses | $177,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,415 |
| Savings and temporary cash investments | $63,163 |
| 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 | $3,984 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $23,601 |
| Investments—publicly traded securities | $61,031 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $167,194 |
| Accounts payable and accrued expenses | $3,202 |
| 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 | $4,255 |
| Total liabilities | $7,457 |
| Net assets without donor restrictions | $159,737 |
| 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 | $167,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Sheridan Association has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The William F Welch And Lorene W Welch Foundation Sheridan, WY PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Enterprise Fund Inc Denver, CO | $82,518,626 | $21,255,608 |
Rocky Mountain Community Reinvestment Corporation Salt Lake City, UT | $241,166,960 | $12,007,635 |
Southeast Idaho Council Of Governments Pocatello, ID | $3,930,475 | $5,896,264 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Fly Sun Valley Alliance Inc Ketchum, ID | $3,221,686 | $1,660,297 |
Preferred Lending Partners Denver, CO | $1,354,948 | $1,342,208 |
Belay Enterprises Inc Aurora, CO | $3,858,910 | $1,974,052 |
West Community Economic Development Corporation Denver, CO | $2,372,449 | $847,271 |
Lifting Generations Inc Sandy, UT | $0 | $1,447,141 |
Idaho Freedom Foundation Inc Boise, ID | $1,060,200 | $895,196 |
Downtown Billings Bid Inc Billings, MT | $644,647 | $678,748 |
Indiana Valley Public Improvement Corporation Lakewood, CO | $962,815 | $548,860 |