Civic Intelligence

Chapel Hill Downtown Partnership Inc.

990 • Fiscal year 2023 • EIN 20-1561219

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 23, 2024

128 E Franklin St Suite 240Chapel Hill, NC 27514

(919) 967-9440

Siviq Scores

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

Liabilities / Assets

59th percentile

0.14x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.07x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Net Margin

53rd percentile

7.3%

Higher net margin than 53% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$90,482

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2023 filings • NTEE S • $500k-$1M nonprofits • Source year 2023

Asset Growth

45th percentile

2.9%

Faster asset growth than 45% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

17%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$403,156

Up $11,267 (+2.9%) from 2022

Net Assets

Up

$347,311

Up $60,280 (+21%) from 2022

Liabilities

Down

$55,845

Down $49,013 (-47%) from 2022

Revenue

Up

$820,765

Up $116,608 (+17%) from 2022

Expenses

Up

$760,484

Up $136,872 (+22%) from 2022

Net Income

Down

$60,281

Down $20,264 (-25%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $78,506Liabilities 2011: $22,970Net Assets 2011: $55,5362011Assets 2012: $44,347Liabilities 2012: $15,772Net Assets 2012: $28,5752012Assets 2013: $83,786Liabilities 2013: $19,305Net Assets 2013: $64,4812013Assets 2014: $109,112Liabilities 2014: $15,841Net Assets 2014: $93,2712014Assets 2015: $120,054Liabilities 2015: $13,695Net Assets 2015: $106,3592015Assets 2016: $163,108Liabilities 2016: $43,338Net Assets 2016: $119,7702016Assets 2017: $368,724Liabilities 2017: $126,762Net Assets 2017: $241,9622017Assets 2018: $378,805Liabilities 2018: $61,885Net Assets 2018: $316,9202018Assets 2019: $230,848Liabilities 2019: $45,681Net Assets 2019: $185,1672019Assets 2020: $267,766Liabilities 2020: $62,719Net Assets 2020: $205,0472020Assets 2021: $269,897Liabilities 2021: $63,411Net Assets 2021: $206,4862021Assets 2022: $391,889Liabilities 2022: $104,858Net Assets 2022: $287,0312022Assets 2023: $403,156Liabilities 2023: $55,845Net Assets 2023: $347,3112023Assets 2024: $527,254Liabilities 2024: $135,030Net Assets 2024: $392,2242024

Highlighted filing

2023

Assets$403,156
Liabilities$55,845
Net Assets$347,311

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $324,240Expenses 2011: $345,035Net Income 2011: -$20,7952011Revenue 2012: $322,921Expenses 2012: $349,882Net Income 2012: -$26,9612012Revenue 2013: $453,613Expenses 2013: $417,707Net Income 2013: $35,9062013Revenue 2014: $473,894Expenses 2014: $445,104Net Income 2014: $28,7902014Revenue 2015: $456,426Expenses 2015: $443,338Net Income 2015: $13,0882015Revenue 2016: $482,383Expenses 2016: $468,972Net Income 2016: $13,4112016Revenue 2017: $724,081Expenses 2017: $601,889Net Income 2017: $122,1922017Revenue 2018: $744,152Expenses 2018: $669,194Net Income 2018: $74,9582018Revenue 2019: $633,677Expenses 2019: $765,430Net Income 2019: -$131,7532019Revenue 2020: $510,908Expenses 2020: $491,028Net Income 2020: $19,8802020Revenue 2021: $462,275Expenses 2021: $460,836Net Income 2021: $1,4392021Revenue 2022: $704,157Expenses 2022: $623,612Net Income 2022: $80,5452022Revenue 2023: $820,765Expenses 2023: $760,484Net Income 2023: $60,2812023Revenue 2024: $867,180Expenses 2024: $822,267Net Income 2024: $44,9132024

Highlighted filing

2023

Revenue$820,765
Expenses$760,484
Net Income$60,281
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 23, 2024
Return Version
2022v5.0
Gross Receipts
$820,765
Mission and Program Overview

Mission

To bring the resources of the town, university and downtown community together to maintain, enhance and promote the downtown area as the social, cultural and spiritual center of Chapel Hill through economic development.

To bring the resources of the town, university and downtown community together to maintain, enhance and promote the downtown area as the social, cultural, and spiritual center of chapel hill through economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$235,967$257,275▲ $21,308
Savings and Temporary Cash Investments$84,199$74,887▼ $9,312
Land, Buildings, and Equipment, Net$28,474$49,661▲ $21,187
Prepaid Expenses and Deferred Charges$38,809$21,333▼ $17,476
Accounts Receivable$4,439--
Total Assets$391,888$403,156▲ $11,268
Liabilities
Accounts Payable and Accrued Expenses$56,758$45,203▼ $11,555
Deferred Revenue$48,100$10,642▼ $37,458
Total Liabilities$104,858$55,845▼ $49,013
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$169,166$243,156▲ $73,990
Net Assets With Donor Restrictions$117,864$104,155▼ $13,709
Total Net Assets Fund Balance$287,030$347,311▲ $60,281
Total Liabilities and Net Assets / Fund Balance$391,888$403,156▲ $11,268

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,657$61,454$107,111
Equipment$4,004$14,164$18,168
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt GladdekExecutive DiFT$82,268$8,214$90,482

Board Members and Trustees

NameTitle
Doug RothwellChair
Mimi HockPast Chair
Alison FriedmanBoard Member
Andrea ReusingBoard Member
Cody JohnsonBoard Member
Jamie SanchezBoard Member
Jim FiineBoard Member
Mark SherburneBoard Member
Paula GillandBoard Member
Sheryl WaddellBoard Member
Tonya MooreBoard Member
Whitney St CharlesBoard Member
Amanda GarnerAdvisory Mem
Katie LoovisAdvisory Mem
Mayor Pam HemmingerAdvisory Mem
Sarah PoultonAdvisory Mem
Gordon MerkleinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$820,101
Program Service Revenue
$0
Investment Income
$664
Other Revenue
$0
All Other Contributions
$311,201
Change in Net Assets
$60,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$820,765
Total Revenue per Audited Statements
$820,765
Total Revenue per Form 990
$820,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$407,075
Salaries, Compensation, and Employee Benefits$319,273
Grants and Similar Amounts Paid$34,136
Total Fundraising Expense$2,358
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$218,957$1,901-$220,858
Other Salaries and Wages$140,180$45,563$1,163$186,906
Current Officers, Directors, Trustees, and Key Employees$67,862$21,798$823$90,483
Advertising$73,816$8,152-$81,968
Fees for Services Accounting-$43,511-$43,511
Grants to Domestic Orgs$34,136--$34,136
Payroll Taxes$14,682$4,750$143$19,575
Other Employee Benefits$13,216$4,406-$17,622
Information Technology$11,650$3,766$117$15,533
Office Expenses$10,251$3,364-$13,615
Conferences and Meetings$7,136$1,180-$8,316
Occupancy$5,034$1,611$67$6,712
Depreciation Depletion$3,757$1,252-$5,009
Pension Plan Contributions$3,515$1,172-$4,687
Other Expenses-$4,529$45$4,574
Insurance$2,489$830-$3,319
Travel$2,648$4-$2,652
Fees for Services Legal-$1,008-$1,008
Total Functional Expenses$609,329$148,797$2,358$760,484

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$760,484
Total Expenses per Audited Statements$760,484
Total Expenses per Form 990$760,484
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
VariousChapel Hill, NC--$34,136
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

The form 990 is provided to the board of directors and approved by the treasurer or executive director prior to filing

Form 990, Page 6, Part VI, Line 12C

The organization regularly and consistently monitors and enforces compliance with its written conflict of interest policy. Each director, principal officer, and member of a committee with board delegated powers shall annually sign a statement which affirms knowledge and compliance with said policy.

Form 990, Page 6, Part VI, Line 19

The organization makes its financial statements, governing documents and conflict of interest policy to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Chapel Hill Downtown Partnership
EIN
20-1561219
Phone
9199679440
Address
128 E FRANKLIN ST SUITE 240, CHAPEL HILL, NC 27514

Signing Officer

Name
Jeri Lynn Schulke
Title
Executive Director
Phone
9199679440
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeri Lynn Schulke
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
20

Preparer

Firm
Geeslin Group LLC
Address
200 WESTPARK DR STE 370, PEACHTREE CITY, GA 30269-3506
Preparer
Dale K Geeslin CPA
Phone
7704870001
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Amending return to account for adjustment made to the audit after the completion of the originally filed return. The adjustment reduced fees for services and accounts payable.

Form 990, Part IX, Line 11G

Artists and musicians 48,325 0 0 clean safe beautiful contract 161,638 0 0 insurance 1,000 500 0 intern 606 501 0 fees 0 900 0 contract labor - other 7,388 0 0 total 218,957 1,901 0

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IRS990/MissionDesc0TO BRING THE RESOURCES OF THE TOWN, UNIVERSITY AND DOWNTOWN COMMUNITY TOGETHER TO MAINTAIN, ENHANCE AND PROMOTE THE DOWNTOWN AREA AS THE SOCIAL, CULTURAL, AND SPIRITUAL CENTER OF CHAPEL HILL THROUGH ECONOMIC DEVELOPMENT.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013216
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IRS990/OtherExpensesGrp/Desc0OTHER PROFESSIONAL SERVIC
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04750
IRS990/PayrollTaxesGrp/ProgramServicesAmt014682
IRS990/PayrollTaxesGrp/TotalAmt019575
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01172
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03515
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038809
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021333
IRS990/PrincipalOfficerNm0JERI LYNN SCHULKE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CAMPUS AND COMMUNITY COALITION IS A CATALYST FOR COMMUNITY COLLABORATION ON ISSUES RELATED TO HARMS FROM ALCOHOL. THE COALITION WAS FORMED IN 2016. IT IS A COLLABORATIVE EFFORT WITH REPRESENTATION AND FUNDING FROM THE TOWN OF CHAPEL HILL, UNC-CHAPEL HILL, THE ORANGE COUNTY HEALTH DEPARTMENT, AND THE ORANGE COUNTY ABC BOARD. THE COALITION IS TASKED WITH ADDRESSING THE COMPLEX PUBLIC HEALTH PROBLEM OF HIGH RISK DRINKING BY IMPLEMENTING A SERIES OF RECOMMENDATIONS THAT APPLY TO DOWNTOWN CHAPEL HILL, UNC CHAPEL HILL, AND THE NEAR-CAMPUS NEIGHBORHOODS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt081433
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0128 E FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHAPEL HILL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT FUNDS ARE DISTRIBUTED BASED ON CRITERIA SET BY THE BOARD AND EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR IS RESPONSBILE FOR REVIEWING AND APPROVING GRANT SUBMISSIONS BASED ON THE AGREED CRITERIA BEING MET. A LIST OF GRANTEES AND THEIR DOCUMENTATION IS REVIEWED AND MAINTAINED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMENDING RETURN TO ACCOUNT FOR ADJUSTMENT MADE TO THE AUDIT AFTER THE COMPLETION OF THE ORIGINALLY FILED RETURN. THE ADJUSTMENT REDUCED FEES FOR SERVICES AND ACCOUNTS PAYABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AND APPROVED BY THE TREASURER OR EXECUTIVE DIRECTOR PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY. EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS KNOWLEDGE AND COMPLIANCE WITH SAID POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARTISTS AND MUSICIANS 48,325 0 0 CLEAN SAFE BEAUTIFUL CONTRACT 161,638 0 0 INSURANCE 1,000 500 0 INTERN 606 501 0 FEES 0 900 0 CONTRACT LABOR - OTHER 7,388 0 0 TOTAL 218,957 1,901 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.27$1.35$3.92$8.67$8.22$0.45
2023Detailed filing. Detailed filing data is available for this year.$4.03$0.56$3.47$8.21$7.60$0.60
2022Detailed filing. Detailed filing data is available for this year.$3.92$1.05$2.87$7.04$6.24$0.81
2021Detailed filing. Detailed filing data is available for this year.$2.70$0.63$2.06$4.62$4.61$0.01
2020Summary only. Only limited summary data is available for this year.$2.68$0.63$2.05$5.11$4.91$0.20
2019Summary only. Only limited summary data is available for this year.$2.31$0.46$1.85$6.34$7.65$1.32
2018Summary only. Only limited summary data is available for this year.$3.79$0.62$3.17$7.44$6.69$0.75
2017Summary only. Only limited summary data is available for this year.$3.69$1.27$2.42$7.24$6.02$1.22
2016Summary only. Only limited summary data is available for this year.$1.63$0.43$1.20$4.82$4.69$0.13
2015Summary only. Only limited summary data is available for this year.$1.20$0.14$1.06$4.56$4.43$0.13
2014Summary only. Only limited summary data is available for this year.$1.09$0.16$0.93$4.74$4.45$0.29
2013Summary only. Only limited summary data is available for this year.$0.84$0.19$0.64$4.54$4.18$0.36
2012Summary only. Only limited summary data is available for this year.$0.44$0.16$0.29$3.23$3.50$0.27
2011Summary only. Only limited summary data is available for this year.$0.79$0.23$0.56$3.24$3.45$0.21