Civic Intelligence

Develop New Albany Inc. Tt

990EZ • Fiscal year 2020 • EIN 35-1798806

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 02, 2021

222 Pearl StreetNew Albany, IN 47150

(812) 941-0018

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$164,665

Down $22,226 (-12%) from 2019

Net Assets

Down

$159,893

Down $26,998 (-14%) from 2019

Liabilities

$4,772

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

Up

$137,437

Up $20,096 (+17%) from 2019

Expenses

Up

$164,045

Up $58,002 (+55%) from 2019

Net Income

Down

-$26,608

Down $37,906 (-336%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2019: $186,891Net Assets 2019: $186,8912019Assets 2020: $164,665Liabilities 2020: $4,772Net Assets 2020: $159,8932020Assets 2021: $174,608Liabilities 2021: $6,577Net Assets 2021: $168,0312021Assets 2022: $162,395Liabilities 2022: $800Net Assets 2022: $161,5952022Assets 2023: $183,625Liabilities 2023: $800Net Assets 2023: $182,8252023Assets 2024: $167,116Liabilities 2024: $0Net Assets 2024: $167,1162024

Highlighted filing

2020

Assets$164,665
Liabilities$4,772
Net Assets$159,893

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $117,341Expenses 2019: $106,043Net Income 2019: $11,2982019Revenue 2020: $137,437Expenses 2020: $164,045Net Income 2020: -$26,6082020Revenue 2021: $84,938Expenses 2021: $76,800Net Income 2021: $8,1382021Revenue 2022: $106,646Expenses 2022: $113,082Net Income 2022: -$6,4362022Revenue 2023: $75,988Expenses 2023: $52,692Net Income 2023: $23,2962023Revenue 2024: $100,808Expenses 2024: $116,517Net Income 2024: -$15,7092024

Highlighted filing

2020

Revenue$137,437
Expenses$164,045
Net Income-$26,608
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 2, 2021
Return Version
2019v5.0
Gross Receipts
$150,084
Mission and Program Overview

Mission

Develop new albany is a main street organization whose purpose is the historic preservation and economic revitalization of downtown new albany, indiana

Program Services

DescriptionGrantsExpenses
DEVELOP NEW ALBANY UNDERTAKES VARIOUS ACTIVITIES TO FURTHER ITS MISSION OF PRESERVING AND REVITALIZING DOWNTOWN NEW ALBANY. ACTIVITIES UNDERTAKEN IN THE YEAR ENDED JUNE 30, 2020 INCLUDE: -HISTORIC HOME TOUR -HISTORIC PRESERVATION WORKSHOPS -MANAGE & PROMOTE FARMERS MARKET -HARVEST HOMECOMING FESTIVAL -EVENTS, SUCH AS THE JINGLE WALK, HOLIDAY FEST, TACO WALK, AND COOKIE STROLL-$161,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERESA BAXTERPast PresidePT$0--
ROB DUNNPresidentPT$0--
BRAD FAIRVice PresidePT$0--
LIBBY ELSWICKTreasurerPT$0--
RICH ROBINSONSecretaryPT$0--
CHUCK SUMMERSDirector-$0--
DEBBIE FARMERDirector-$0--
TOM STUMLERDirector-$0--
CLAIRE VOLPERT WILLIAMSDirector-$0--
KELLY LORCHDirector-$0--
BROOKE SCHAFERDirector-$0--
JEFF JAEHNENDirector-$0--
MARY GESENHUESDirector-$0--
DERRICK WILSONDirector-$0--
DAVID BARKSDALEDirector-$0--
TONYA FISCHERDirector-$0--
COURTNEY LEWISDirector-$0--
Filing and Contact Details

Filer

Filer Name
Develop New Albany Inc
EIN
35-1798806
Phone
8129410018
Address
222 PEARL STREET, NEW ALBANY, IN 47150

Signing Officer

Name
Libby Elswick
Title
Treasurer
Phone
8129410018
Signed
2021-02-02
Discuss with paid preparer
Yes

Preparer

Firm
Deming Malone Livesay & Ostroff
Address
301 E ELM STREET, NEW ALBANY, IN 47150
Preparer
Richard N Robinson CPA
Phone
8129455236
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Misc 1,133 other 100 total 1,233

Form 990-ez, Part I, Line 16

Historic preservation historic presevation exp 9,844 jingle walk/holidayfest jingle walk expenses 6,775 harvest homecoming harvest homecoming exp 2,135 taco walk taco walk direct exp 639 farmers market farmers market exp 7,972 expenses general advertising 1,697 advertising/promotional 280 bank service charges 44 office supplies 1,096 telephone 3,088 dues and memberships 375 other misc expense 600 website/computer 4,064 insurance 2,946 storage unit rental 480 annual meeting 729 miscellaneous 3,567 staff/vol development 796 contributions 51,000 loan paypal expense 68 other 227 meetings 45 covid meals program 32,786 total 131,253

Form 990-ez, Part I, Line 20

Book / tax depreciation difference -391

Form 990-ez, Part II, Line 24

Equipment 9,216 9,216 less accumulated depreciation 8,119 8,510 mesa loan receivable 17,042 14,700 total 18,139 15,406

Form 990-ez, Part II, Line 26

Unsecured notes and loans payable 0 4,772

Form 990-ez, Part III

Develop new albany is a main street organization whose purpose is the historic preservation and economic revitalization of downtown new albany, indiana

Form 990-ez, Part III, Line 28

Develop new albany undertakes various activities to further its mission of preserving and revitalizing downtown new albany. Activities undertaken in the year ended june 30, 2020 include: -historic home tour -historic preservation workshops -manage & promote farmers market -harvest homecoming festival -events, such as the jingle walk, holiday fest, taco walk, and cookie stroll

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 5,070
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISC 1,133 OTHER 100 TOTAL 1,233
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HISTORIC PRESERVATION HISTORIC PRESEVATION EXP 9,844 JINGLE WALK/HOLIDAYFEST JINGLE WALK EXPENSES 6,775 HARVEST HOMECOMING HARVEST HOMECOMING EXP 2,135 TACO WALK TACO WALK DIRECT EXP 639 FARMERS MARKET FARMERS MARKET EXP 7,972 EXPENSES GENERAL ADVERTISING 1,697 ADVERTISING/PROMOTIONAL 280 BANK SERVICE CHARGES 44 OFFICE SUPPLIES 1,096 TELEPHONE 3,088 DUES AND MEMBERSHIPS 375 OTHER MISC EXPENSE 600 WEBSITE/COMPUTER 4,064 INSURANCE 2,946 STORAGE UNIT RENTAL 480 ANNUAL MEETING 729 MISCELLANEOUS 3,567 STAFF/VOL DEVELOPMENT 796 CONTRIBUTIONS 51,000 LOAN PAYPAL EXPENSE 68 OTHER 227 MEETINGS 45 COVID MEALS PROGRAM 32,786 TOTAL 131,253
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE -391
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EQUIPMENT 9,216 9,216 LESS ACCUMULATED DEPRECIATION 8,119 8,510 MESA LOAN RECEIVABLE 17,042 14,700 TOTAL 18,139 15,406
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNSECURED NOTES AND LOANS PAYABLE 0 4,772
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DEVELOP NEW ALBANY IS A MAIN STREET ORGANIZATION WHOSE PURPOSE IS THE HISTORIC PRESERVATION AND ECONOMIC REVITALIZATION OF DOWNTOWN NEW ALBANY, INDIANA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DEVELOP NEW ALBANY UNDERTAKES VARIOUS ACTIVITIES TO FURTHER ITS MISSION OF PRESERVING AND REVITALIZING DOWNTOWN NEW ALBANY. ACTIVITIES UNDERTAKEN IN THE YEAR ENDED JUNE 30, 2020 INCLUDE: -HISTORIC HOME TOUR -HISTORIC PRESERVATION WORKSHOPS -MANAGE & PROMOTE FARMERS MARKET -HARVEST HOMECOMING FESTIVAL -EVENTS, SUCH AS THE JINGLE WALK, HOLIDAY FEST, TACO WALK, AND COOKIE STROLL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-02
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ReturnHeader/Filer/PhoneNum08129410018
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047150
ReturnHeader/PreparerPersonGrp/PhoneNum08129455236
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD N ROBINSON CPA
ReturnHeader/ReturnTs02021-04-14T11:49:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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