Asheville Downtown Association Foundation Inc
- Assets
- $7.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 81-0593483
Organization Overview
Asheville Downtown Association Foundation Inc is located in Asheville, NC. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Asheville Downtown Association Foundation 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, Asheville Downtown Association Foundation Inc generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $21.2k during the year ending 12/2023. 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 Program Activity:
Part 3
THE PURPOSE OF THE ASHEVILLE DOWNTOWN ASSOCIATION FOUNDATION, INC IS TO IMPROVE THE DOWNTOWN ASHEVILLE (NORTH CAROLINA) COMMUNITY THROUGH EFFORTS AND INITIATIVES DESIGNED TO PROMOTE THE ARTS, INCREASE COMMUNITY AWARENESS, AND SUPPORT EFFORTS TO END HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Vassallo Board Member | 0 | $0 | |
Ben Colvin President | 0 | $0 | |
Bryant Korzeniewski Board Member | 0 | $0 | |
Byron Greiner Board Member | 0 | $0 | |
John Fleming Board Member | 0 | $0 | |
Ruth Summers Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,003 |
| 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 | $21,205 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $21,205 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,258 |
| Other assets | $0 |
| Total assets | $7,258 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,258 |