Civic Intelligence

Discover Downtown Middlesboro Inc

990 • Fiscal year 2017 • EIN 11-3793431

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileDISCOVERDOWNTOWNMIDDLESBORO.ORG
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

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

62nd percentile

10.0%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-35%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$115,996

Up $10,510 (+10.0%) from 2016

Net Assets

Up

$115,978

Up $12,257 (+12%) from 2016

Liabilities

Down

$18

Down $1,747 (-99%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin63rd percentile

Revenue

Down

$121,502

Down $64,643 (-35%) from 2016

Expenses

Down

$109,245

Down $64,470 (-37%) from 2016

Net Income

Down

$12,257

Down $173 (-1.4%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

2017

Assets$115,996
Liabilities$18
Net Assets$115,978
Open 2017 Filing

Operations Trend

Revenue Growth14th percentile

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

2017

Revenue$121,502
Expenses$109,245
Net Income$12,257
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$121,502
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$25,486$35,996▲ $10,510
Total Assets$105,486$115,996▲ $10,510
Liabilities
Other Liabilities$1,765$18▼ $1,747
Total Liabilities$1,765$18▼ $1,747
Net Assets / Fund Balance
Unrestricted Net Assets$103,721$115,978▲ $12,257
Total Net Assets Fund Balance$103,721$115,978▲ $12,257
Total Liabilities and Net Assets / Fund Balance$105,486$115,996▲ $10,510

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$80,000-$80,000
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
David WhitlockPresident
Ben HoeDirector
Joan MillerDirector
Levi TurnerDirector
Malerie ShoffnerDirector
Murry McgloneDirector
Summer MartinSecretary
Jill WestTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$121,502
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$112,168
Change in Net Assets
$12,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,056
Salaries, Compensation, and Employee Benefits$20,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$77,352--$77,352
Other Salaries and Wages$6,667$12,092-$18,759
Insurance-$4,935-$4,935
Fees for Services Accounting-$3,000-$3,000
Payroll Taxes-$1,430-$1,430
Travel-$670-$670
Information Technology-$667-$667
Advertising-$300-$300
Other Expenses-$245-$245
Office Expenses-$178-$178
Total Functional Expenses$84,019$25,226$0$109,245
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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$18
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

Member election for additional members Part VI line 7A

“There is one class of members. At the annual meeting members cast a vote to elect the board of directors, but they do not make governance decisions.”

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
David Whitlock
Title
President
Phone
6062484829
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Whitlock
Formed
2006
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
125

Preparer

Firm
PILLION ACCOUNTING and TAX
Address
PO BOX 626, MIDDLESBORO, KY 40965
Preparer
Deidre Donahue
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 Appendix376 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/Desc0ENTREPREUNERSHIP - 4 NEW BUSINESSES OPENED IN THE DOWNTOWN AREA WITH THE DIRECTION AND TRAINING FROM DDM. THE PALACE HGHLIGHTED THE WORK OF OVER 100 ARTISANS AND ENTREPREUNERS. FROM THERE WE SOLD THEIR WORK AND TRAINED PARTICIPANTS TO GROW THEIR BUSINESS.ONLINE SALES TECHNIQUES WERE ADDED TO THE TRAINING IN 2016
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0170492
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0111394
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0153612
IRS990ScheduleA/Total509Grp/TotalAmt0746460
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0124817
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt080000
IRS990ScheduleD/TotalLiabilityAmt018
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS ONE CLASS OF MEMBERS. AT THE ANNUAL MEETING MEMBERS CAST A VOTE TO ELECT THE BOARD OF DIRECTORS, BUT THEY DO NOT MAKE GOVERNANCE DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PRESENTED TO THE EXECUTIVE DIRECTOR AND OFFICERS FOR REVIEW AND APPROVAL BEFORE FILING THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3WHEN 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/ExplanationTxt4ALL INFORMATION AND DOCUMENTS OF THE ORGANIZATION, OTHER THAN CONFIDENTIAL INFORMATION, ARE OPEN TO PUBLIC REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PHILANTHROPIC INITIATIVE $ 7,715HISTORIC PRESERVATION $10,054FESTIVALS AND EVENTS $ 6,855ENTREPREUNERSHIP $14,562TRAIL SYSTEM DEVELOPMENT $ 2,911CREATIVE PLACEMAKING $ 9,493TOTAL $51,590
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0115996
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IRS990/TotalAssetsGrp/EOYAmt0115996
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0121502
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025226
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084019
IRS990/TotalFunctionalExpensesGrp/TotalAmt0109245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01765
IRS990/TotalLiabilitiesEOYAmt018
IRS990/TotalLiabilitiesGrp/BOYAmt01765
IRS990/TotalLiabilitiesGrp/EOYAmt018
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103721
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0115978
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt084019
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0121502
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0125
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0105486
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0115996
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0670
IRS990/TravelGrp/TotalAmt0670
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0103721
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0115978
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0DISCOVERDOWNTOWNMIDDLESBORO.ORG
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID WHITLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06062484829
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId06174110A1DD87BC697ACF365F6B9079C32954B04
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06174110A1DD87BC697ACF365F6B9079C32954B04
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06270832018319pexn02j
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.58.94.219
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTm017:06:49
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/PreparationDt02018-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Deidre Donahue
ReturnHeader/ReturnTs02018-11-15T17:04:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$115,996
Liabilities
$18
Net assets
$115,978
Revenue
$121,502
Expenses
$109,245
Net income
$12,257
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.12$1.72$3.23$2.64$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.01$1.95$0.93$1.42$0.49
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.01$2.44$2.76$1.75$1.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.01$1.42$1.41$1.15$0.27
2017Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$1.22$1.09$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.04$1.86$1.74$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.03$0.91$1.77$1.78$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.92$1.12$1.13$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$1.70$0.83$0.88
2012Summary only. Only limited summary data is available for this year.$0.06$0.00$0.56$0.51$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.09$0.54$0.45
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits