Silverton Downtown Association Inc
- Assets
- $1.5m
- Revenue
- $962.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Silverton, TX
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-4542264
Organization Overview
Silverton Downtown Association Inc is located in Silverton, TX. The organization was established in 2019. 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. Silverton Downtown Association 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, Silverton Downtown Association Inc generated $962.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $24.9k during the year ending 12/2021. 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
OUR PURPOSE AND FOCUS IS TO MEET THE NEEDS AND AID BUSINESS IN THE DOWNTOWN AREA OF SILVERTON TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD AN AGRICULTURAL CENTER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Adams Vice Chairma | OfficerTrustee | 2 | $0 |
Kelby Brock Secretary | OfficerTrustee | 2 | $0 |
Holly Cogdell Co-Treasurer | OfficerTrustee | 10 | $0 |
Brandy Ziegler President | OfficerTrustee | 10 | $0 |
Brooke Burson Vice Preside | OfficerTrustee | 2 | $0 |
Kendra Burson Co-Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $934,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,355 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,794 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,149 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $1,150 |
| Office expenses | $103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $4,987 |
| All other expenses | $0 |
| Total functional expenses | $24,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,803 |
| 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 | $1,412,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,522,887 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,522,887 |
| Total liabilities and net assets/fund balances | $1,522,887 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Silverton Downtown Association Inc has recieved totaling $148,241.
| Awarding Organization | Amount |
|---|---|
Helen Jones Foundation Inc Lubbock, TX PURPOSE: GRANT | $100,000 |
The James And Eva Mayer Foundation Plainview, TX PURPOSE: NEW BUILDING PROJECT | $33,000 |
Martha Ann Cogdell Hospital Tr Amarillo, TX PURPOSE: FOSTER YOUTH, BUSINESSES, & COMMUNIT | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakewest Revitalization Foundation Inc Dallas, TX | $0 | $14,279 |
Mid-Delta Community Services Inc Helena, AR | $2,889,498 | $10,056,138 |
Communities Unlimited Inc Fayetteville, AR | $26,843,803 | $9,936,122 |
San Antonio Area Foundation Group Return San Antonio, TX | $40,579,905 | $5,477,004 |
Economic Opportunity Agency Of Washington County Inc Springdale, AR | $5,019,111 | $7,887,315 |
World Technical Services Inc San Antonio, TX | $2,009,761 | $7,407,418 |
Delta Community Action Association Inc Tallulah, LA | $2,682,123 | $8,135,037 |
Cinco Ranch Residential Association Dallas, TX | $13,739,829 | $9,730,745 |
Fifth Ward Community Redevelopment Houston, TX | $11,525,956 | $8,246,995 |
Ozark Opportunities Inc Harrison, AR | $2,913,630 | $6,819,793 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Texas Appleseed Austin, TX | $7,949,482 | $7,859,791 |