Civic Intelligence

Discover Downtown Middlesboro Inc

990 • Fiscal year 2015 • EIN 11-3793431

Jan 01, 2015 to Dec 31, 2015 • Filed on May 09, 2016

PO Box 1156Middlesboro, KY 40965

(606) 248-4829

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.03x

Higher debt load relative to assets than 69% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

39th percentile

-0.5%

Higher net margin than 39% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

47th percentile

0.1%

Faster asset growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

57%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$94,437

Up $126 (+0.1%) from 2014

Net Assets

Down

$91,291

Down $958 (-1.0%) from 2014

Liabilities

Up

$3,146

Up $1,084 (+53%) from 2014

Revenue

Up

$176,701

Up $64,323 (+57%) from 2014

Expenses

Up

$177,659

Up $64,307 (+57%) from 2014

Net Income

Up

-$958

Up $16 (+1.6%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $97Liabilities 2011: $0Net Assets 2011: $972011Assets 2012: $5,561Liabilities 2012: $02012Assets 2013: $93,223Liabilities 2013: $0Net Assets 2013: $93,2232013Assets 2014: $94,311Liabilities 2014: $2,062Net Assets 2014: $92,2492014Assets 2015: $94,437Liabilities 2015: $3,146Net Assets 2015: $91,2912015Assets 2016: $105,486Liabilities 2016: $1,765Net Assets 2016: $103,7212016Assets 2017: $115,996Liabilities 2017: $18Net Assets 2017: $115,9782017Assets 2018: $143,427Liabilities 2018: $936Net Assets 2018: $142,4912018Assets 2019: $244,628Liabilities 2019: $1,116Net Assets 2019: $243,5122019Assets 2020: $195,841Liabilities 2020: $1,116Net Assets 2020: $194,7252020Assets 2021: $183,774Liabilities 2021: $12,032Net Assets 2021: $171,7422021

Highlighted filing

2015

Assets$94,437
Liabilities$3,146
Net Assets$91,291

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $9,175Expenses 2011: $54,248Net Income 2011: -$45,0732011Revenue 2012: $56,096Expenses 2012: $50,632Net Income 2012: $5,4642012Revenue 2013: $170,247Expenses 2013: $82,585Net Income 2013: $87,6622013Revenue 2014: $112,378Expenses 2014: $113,352Net Income 2014: -$9742014Revenue 2015: $176,701Expenses 2015: $177,659Net Income 2015: -$9582015Revenue 2016: $186,145Expenses 2016: $173,715Net Income 2016: $12,4302016Revenue 2017: $121,502Expenses 2017: $109,245Net Income 2017: $12,2572017Revenue 2018: $141,299Expenses 2018: $114,786Net Income 2018: $26,5132018Revenue 2019: $275,539Expenses 2019: $175,436Net Income 2019: $100,1032019Revenue 2020: $92,906Expenses 2020: $141,693Net Income 2020: -$48,7872020Revenue 2021: $323,355Expenses 2021: $264,200Net Income 2021: $59,1552021

Highlighted filing

2015

Revenue$176,701
Expenses$177,659
Net Income-$958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 9, 2016
Return Version
2015v2.1
Gross Receipts
$177,852
Mission and Program Overview

Mission

Revitalization of downtown middlesboro, improving physical appearance of downtown while maintaining its historic integrity; retain existing businesses & attract new ones. Make downtown the center of economic & social life of the tri state area

Revitalization of downtown middlesboro, improving physical appearance of downtown while maintaining its historic integrity; retain existing businesses & attract new ones. Make downtown the center of economic & social life of the tri-state area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$80,000$80,000→ $0
Cash and Non-Interest-Bearing Accounts$13,191$14,437▲ $1,246
Inventories for Sale or Use$1,120--
Total Assets$94,311$94,437▲ $126
Liabilities
Other Liabilities$2,062$3,146▲ $1,084
Total Liabilities$2,062$3,146▲ $1,084
Net Assets / Fund Balance
Unrestricted Net Assets$92,249$91,291▼ $958
Total Net Assets Fund Balance$92,249$91,291▼ $958
Total Liabilities and Net Assets / Fund Balance$94,311$94,437▲ $126

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$80,000-$80,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donna SmithPresident
Steven CambronVice President
Blake BowlingDirector
Jay ShoffnerDirector
Kristy BayDirector
Larry GrandeyDirector
Penny SmithDirector
Vicki ByrneDirector
Keith NagleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$168,598
Program Service Revenue
$5,170
Investment Income
$0
Other Revenue
$2,933
All Other Contributions
$157,643
Change in Net Assets
$-958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,272
Salaries, Compensation, and Employee Benefits$79,387
Total Fundraising Expense$10,067
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$80,341--$80,341
Other Salaries and Wages$55,167$9,250$9,250$73,667
Payroll Taxes$4,087$816$817$5,720
Conferences and Meetings$4,244--$4,244
Travel$3,746$207-$3,953
Office Expenses-$2,381-$2,381
Fees for Services Other-$2,250-$2,250
Insurance-$2,166-$2,166
Fees for Services Accounting-$1,650-$1,650
Information Technology$641$136-$777
Other Expenses-$510-$510
Total Functional Expenses$148,226$19,366$10,067$177,659
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,084
Fundraising Direct Expenses$1,151
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$3,146
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 was presented to the executive director and officers for review and approval before filing the return

CEO executive director top management comp Part VI line 15A

The finance committee, headed by the treasurer, conducts a review of comparable organization salaries in accord with the experience and talents of the executive director when hired. The executive director in not part of this review.

Other officer or key employee compensation Part VI line 15B

When another officer or key employee comes on staff the same review given to the executive director salary package will be given to their compensation.

Governing documents etc available to public Part VI line 19

All information and documents of the organization, other than confidential information, are open to public review upon request.

Filing and Contact Details

Filer

Filer Name
Discover Downtown Middlesboro Inc
EIN
11-3793431
Address
PO BOX 1156, MIDDLESBORO, KY 40965

Signing Officer

Name
Donna Smith
Title
President
Phone
6062484829
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Smith
Formed
2006
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
344

Preparer

Firm
PILLION ACCOUNTING and TAX
Address
PO BOX 626, MIDDLESBORO, KY 40965
Preparer
Vanessa Pillion
Phone
6062484829
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Philanthropic initiative $ 7,715historic preservation $10,054festivals and events $ 6,855entrepreunership $14,562trail system development $ 2,911creative placemaking $ 9,493total $51,590

Raw XML Appendix388 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0FESTIVALS AND EVENTS WAS HIGHLIGHTED BY THE LEVITT AMP MUSIC SERIES BRINGING THE JOY OF FREE, LIVE MUSIC TO PEOPLE OF ALL AGES AND BACKGROUNDS. CONCERTS ARE PERFORMED IN MIDDLESBOROS POP-UP PARK - DOWNTOWN MIDDLESBOROS VIBRANT GREEN SPACE THAT WAS FORMERLY A VACANT GRAVEL LOT. IT AUGMENTS THE CITYS COMMUNITY DRIVEN REVITALIZATION OF ITS ECONOMICALLY CHALLENGED DOWNTOWN, ENCOURAGING FURTHER COMMUNITY INVESTMENT IN THE PART AND PROMOTING MIDDLESBORO AS A CULTURAL DESTINATION.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0482848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt013395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt013395
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt03127
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03127
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0499370
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0170492
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0111394
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0153612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt056096
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07776
IRS990ScheduleA/Total509Grp/TotalAmt0499370
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0170492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0111394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0153612
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt056096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07776
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0499370
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt080000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03146
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt080000
IRS990ScheduleD/TotalLiabilityAmt03146
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS PRESENTED TO THE EXECUTIVE DIRECTOR AND OFFICERS FOR REVIEW AND APPROVAL BEFORE FILING THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE, HEADED BY THE TREASURER, CONDUCTS A REVIEW OF COMPARABLE ORGANIZATION SALARIES IN ACCORD WITH THE EXPERIENCE AND TALENTS OF THE EXECUTIVE DIRECTOR WHEN HIRED. THE EXECUTIVE DIRECTOR IN NOT PART OF THIS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHEN ANOTHER OFFICER OR KEY EMPLOYEE COMES ON STAFF THE SAME REVIEW GIVEN TO THE EXECUTIVE DIRECTOR SALARY PACKAGE WILL BE GIVEN TO THEIR COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INFORMATION AND DOCUMENTS OF THE ORGANIZATION, OTHER THAN CONFIDENTIAL INFORMATION, ARE OPEN TO PUBLIC REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PHILANTHROPIC INITIATIVE $ 7,715HISTORIC PRESERVATION $10,054FESTIVALS AND EVENTS $ 6,855ENTREPREUNERSHIP $14,562TRAIL SYSTEM DEVELOPMENT $ 2,911CREATIVE PLACEMAKING $ 9,493TOTAL $51,590
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt094311
IRS990/TotalAssetsEOYAmt094437
IRS990/TotalAssetsGrp/BOYAmt094311
IRS990/TotalAssetsGrp/EOYAmt094437
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0168598
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010067
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019366
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0148226
IRS990/TotalFunctionalExpensesGrp/TotalAmt0177659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02062
IRS990/TotalLiabilitiesEOYAmt03146
IRS990/TotalLiabilitiesGrp/BOYAmt02062
IRS990/TotalLiabilitiesGrp/EOYAmt03146
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt092249
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt091291
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0148226
IRS990/TotalProgramServiceRevenueAmt05170
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02933
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05170
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0176701
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0344
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt094311
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt094437
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0207
IRS990/TravelGrp/ProgramServicesAmt03746
IRS990/TravelGrp/TotalAmt03953
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt092249
IRS990/UnrestrictedNetAssetsGrp/EOYAmt091291
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0DISCOVERDOWNTOWNMIDDLESBORO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06062484829
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DISCOVER DOWNTOWN MIDDLESBORO INC
ReturnHeader/Filer/BusinessNameControlTxt0DISC
ReturnHeader/Filer/EIN0113793431
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1156
ReturnHeader/Filer/USAddress/CityNm0MIDDLESBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040965
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203776009
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PILLION ACCOUNTING and TAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 626
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDDLESBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040965
ReturnHeader/PreparerPersonGrp/PhoneNum06062484829
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VANESSA PILLION
ReturnHeader/ReturnTs02016-08-15T09:21:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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