Civic Intelligence

Tryon Downtown Development Association Inc

990EZ • Fiscal year 2023 • EIN 31-1682144

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

301 N Trade StreetTryon, NC 28782

(828) 859-7684

Siviq Scores

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

Liabilities / Assets

77th percentile

0.01x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • NTEE A80 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.03x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • NTEE A80 • <$500k nonprofits • Source year 2023

Net Margin

59th percentile

19%

Higher net margin than 59% of similar nonprofits.

2023 filings • NTEE A80 • <$500k nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2023 filings • NTEE A80 • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

275%

Faster asset growth than 96% of similar nonprofits.

2023 filings • NTEE A80 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

140%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • NTEE A80 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$121,488

Up $89,081 (+275%) from 2022

Net Assets

Up

$119,805

Up $87,398 (+270%) from 2022

Liabilities

$1,683

No earlier filing loaded for comparison.

Revenue

Up

$65,328

Up $38,069 (+140%) from 2022

Expenses

Up

$52,803

Up $14,282 (+37%) from 2022

Net Income

Up

$12,525

Up $23,787 (+211%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $3,792Net Assets 2010: $3,7922010Assets 2015: $57,880Liabilities 2015: $1,090Net Assets 2015: $56,7902015Assets 2017: $38,207Liabilities 2017: $4,503Net Assets 2017: $33,7042017Assets 2018: $73,372Liabilities 2018: $4,718Net Assets 2018: $68,6542018Assets 2019: $66,406Liabilities 2019: $500Net Assets 2019: $65,9062019Assets 2020: $44,508Liabilities 2020: $7,820Net Assets 2020: $36,6882020Assets 2021: $48,669Liabilities 2021: $0Net Assets 2021: $48,6692021Assets 2022: $32,407Net Assets 2022: $32,4072022Assets 2023: $121,488Liabilities 2023: $1,683Net Assets 2023: $119,8052023Assets 2024: $119,273Liabilities 2024: $28Net Assets 2024: $119,2452024Assets 2025: $122,048Liabilities 2025: $6Net Assets 2025: $122,0422025

Highlighted filing

2023

Assets$121,488
Liabilities$1,683
Net Assets$119,805

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $20,574Expenses 2010: $27,478Net Income 2010: -$6,9042010Revenue 2015: $87,959Expenses 2015: $61,200Net Income 2015: $26,7592015Revenue 2017: $48,763Expenses 2017: $76,960Net Income 2017: -$28,1972017Revenue 2018: $123,365Expenses 2018: $88,340Net Income 2018: $35,0252018Revenue 2019: $88,000Expenses 2019: $90,748Net Income 2019: -$2,7482019Revenue 2020: $51,954Expenses 2020: $81,293Net Income 2020: -$29,3392020Revenue 2021: $28,066Expenses 2021: $16,084Net Income 2021: $11,9822021Revenue 2022: $27,259Expenses 2022: $38,521Net Income 2022: -$11,2622022Revenue 2023: $65,328Expenses 2023: $52,803Net Income 2023: $12,5252023Revenue 2024: $52,265Expenses 2024: $63,788Net Income 2024: -$11,5232024Revenue 2025: $111,855Expenses 2025: $100,735Net Income 2025: $11,1202025

Highlighted filing

2023

Revenue$65,328
Expenses$52,803
Net Income$12,525
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$65,328
Mission and Program Overview

Mission

TO ENHANCE DOWNTOWN AREA

To enhance the downtown area of tryon, north carolina.

Program Services

DescriptionGrantsExpenses
PROMOTION & SUPPORT OF THE PHYSICAL ENHANCEMENT OF THE DOWNTOWN AREA OF TRYON, NC-$1,169
TO SUPPORT & PROMOTE THE CULTURAL ACTIVITIES IN DOWNTOWN TRYON FOR THE BENEFIT OF THE GENERAL CITIZENRY--
TO SUPPORT & PROMOTE THE CULTURAL ACTIVITIES IN DOWNTOWN TRYON FOR HTE BENEFIT OF THE GENERAL CITIZENRY--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RODGER WALKERPresident-$0--
NICK FISCHERVice Preside-$0--
WANDA MAYTreasurer-$0--
DAVEY SHEALEYDirector-$0--
KARIM NEHDIDirector-$0--
DEAN TRAKASDirector-$0--
MATT DEVLINDirector-$0--
PAIGE HENDERSONExecutive Di-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Beerfest$38,872$31,572-$31,572
Total Events$38,872$31,572-$31,572
Filing and Contact Details

Filer

Filer Name
Tryon Downtown Development Associat
EIN
31-1682144
Phone
8288597684
Address
301 N TRADE STREET, TRYON, NC 28782

Signing Officer

Name
Wanda May
Title
Treasurer
Phone
8288175523
Signed
2024-05-09
Discuss with paid preparer
Yes

Preparer

Firm
Stokes & Company Cpas Pc
Address
799 WEST MILLS ST SUITE A, COLUMBUS, NC 28722-3695
Preparer
Jonathan Kemp CPA
Phone
8288595051
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 5,823 annual meeting 238 bank charges 4,273 board & staff development 824 dues & membership 575 gifts 200 insurance 1,962 sales tax on tickets 1,663 office supplies 881 postage & shipping 352 professional fees 6,744 nc sales tax pd to vendor 242 support of local events 5,740 printing & copying 394 event supplies 22,881 repairs & maintenance 11 total 52,803

Form 990-ez, Part I, Line 20

OTHER INCREASES 74,873

Form 990-ez, Part II, Line 26

Sales tax payable 0 1,683

Form 990-ez, Part III, Line 31

To support & promote the cultural activities in downtown tryon for hte benefit of the general citizenry

Raw XML Appendix183 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RODGER WALKER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt074873
IRS990EZ/OtherExpensesTotalAmt052803
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENHANCE THE DOWNTOWN AREA OF TRYON, NORTH CAROLINA.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TO SUPPORT & PROMOTE THE CULTURAL ACTIVITIES IN DOWNTOWN TRYON FOR THE BENEFIT OF THE GENERAL CITIZENRY
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt07300
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt07300
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031572
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031572
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt031572
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 5,823 ANNUAL MEETING 238 BANK CHARGES 4,273 BOARD & STAFF DEVELOPMENT 824 DUES & MEMBERSHIP 575 GIFTS 200 INSURANCE 1,962 SALES TAX ON TICKETS 1,663 OFFICE SUPPLIES 881 POSTAGE & SHIPPING 352 PROFESSIONAL FEES 6,744 NC SALES TAX PD TO VENDOR 242 SUPPORT OF LOCAL EVENTS 5,740 PRINTING & COPYING 394 EVENT SUPPLIES 22,881 REPAIRS & MAINTENANCE 11 TOTAL 52,803
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER INCREASES 74,873
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALES TAX PAYABLE 0 1,683
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO SUPPORT & PROMOTE THE CULTURAL ACTIVITIES IN DOWNTOWN TRYON FOR HTE BENEFIT OF THE GENERAL CITIZENRY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WANDA MAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08288175523
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRYON DOWNTOWN DEVELOPMENT ASSOCIAT
ReturnHeader/Filer/BusinessNameControlTxt0TRYO
ReturnHeader/Filer/EIN0311682144
ReturnHeader/Filer/PhoneNum08288597684
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ReturnHeader/Filer/USAddress/CityNm0TRYON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028782
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0287223695
ReturnHeader/PreparerPersonGrp/PhoneNum08288595051
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN KEMP CPA
ReturnHeader/ReturnTs02024-05-14T13:21:03-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WANDA K
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAY
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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Filings