Civic Intelligence

Downtown Pkb Inc.

990 • Fiscal year 2015 • EIN 46-1593463

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 15, 2016

409 1/2 Market StParkersburg, WV 26101

(304) 865-5022

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

61st percentile

8.2%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$50,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

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

Asset Growth

99th percentile

1827%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

47th percentile

-0.3%

Faster revenue growth than 47% of similar nonprofits.

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

Assets

Up

$30,213

Up $28,645 (+1827%) from 2014

Net Assets

Up

$28,609

Up $27,041 (+1725%) from 2014

Liabilities

Up

$1,604

Up $1,604 from 2014

Revenue

Down

$328,141

Down $961 (-0.3%) from 2014

Expenses

Down

$301,100

Down $24,485 (-7.5%) from 2014

Net Income

Up

$27,041

Up $23,524 (+669%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2013: $0Liabilities 2013: $1,949Net Assets 2013: -$1,9492013Assets 2014: $1,568Liabilities 2014: $0Net Assets 2014: $1,5682014Assets 2015: $30,213Liabilities 2015: $1,604Net Assets 2015: $28,6092015Assets 2016: $76,268Liabilities 2016: $1,830Net Assets 2016: $74,4382016Assets 2017: $223,065Liabilities 2017: $1,345Net Assets 2017: $221,7202017Assets 2018: $899,000Liabilities 2018: $2,119Net Assets 2018: $896,8812018Assets 2019: $858,987Liabilities 2019: $2,774Net Assets 2019: $856,2132019Assets 2020: $222,754Liabilities 2020: $27,650Net Assets 2020: $195,1042020Assets 2021: $224,904Liabilities 2021: $5,071Net Assets 2021: $219,8332021Assets 2022: $255,668Liabilities 2022: $5,309Net Assets 2022: $250,3592022Assets 2023: $207,316Liabilities 2023: $5,602Net Assets 2023: $201,7142023Assets 2024: $277,716Liabilities 2024: $5,782Net Assets 2024: $271,9342024

Highlighted filing

2015

Assets$30,213
Liabilities$1,604
Net Assets$28,609

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2013: $204,850Expenses 2013: $215,877Net Income 2013: -$11,0272013Revenue 2014: $329,102Expenses 2014: $325,585Net Income 2014: $3,5172014Revenue 2015: $328,141Expenses 2015: $301,100Net Income 2015: $27,0412015Revenue 2016: $336,510Expenses 2016: $290,681Net Income 2016: $45,8292016Revenue 2017: $469,168Expenses 2017: $321,886Net Income 2017: $147,2822017Revenue 2018: $1,005,698Expenses 2018: $330,537Net Income 2018: $675,1612018Revenue 2019: $358,839Expenses 2019: $399,507Net Income 2019: -$40,6682019Revenue 2020: $176,669Expenses 2020: $837,778Net Income 2020: -$661,1092020Revenue 2021: $224,448Expenses 2021: $247,461Net Income 2021: -$23,0132021Revenue 2022: $431,414Expenses 2022: $400,771Net Income 2022: $30,6432022Revenue 2023: $332,784Expenses 2023: $381,433Net Income 2023: -$48,6492023Revenue 2024: $423,548Expenses 2024: $353,328Net Income 2024: $70,2202024

Highlighted filing

2015

Revenue$328,141
Expenses$301,100
Net Income$27,041
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 15, 2016
Return Version
2015v2.1
Gross Receipts
$328,141
Mission and Program Overview

Mission

Downtown pkb promotes downtown parkersburg, fosters economic opportunity and creates community vitality. The goal is to create a vibrant commercial district that will provide downtown businesses, workers and nearby residents with goods and services they need, as well as create educational, entertainment and tourism opportunities. In 2010, the city of parkersburg applied to be part of the west virginia ontrac (organization, training, revitalization and capacity) program and was selected to participate. The ontrac program was created by main street west virginia and the national historic trust to help cities create a comprehensive approach to economic revitalization and historic preservation by focusing on four key areas: design, promotion, economic restructuring and organization.

Downtown pkg promotes downtown parkersburg, fosters economic opportunity and creates community vitality. The goal is to create a vibrant commercial district that will provide downtown businesses, workers and nearby residents with goods and services they need, as well as create educational, entertainment and tourism opportunities. In 2010, the city of parkersburg applied to be part of the west virginia ontrac (organization, training, revitalization and capacity) program and was selected to participate. The ontrac program was created by main street west virginia and the national historic trust to help cities create a comprehensive approach to econimic revitalization and historic preservation by focusing on four key areas: design, promotion, economic restructuring and organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,568$30,213▲ $28,645
Total Assets$1,568$30,213▲ $28,645
Liabilities
Accounts Payable and Accrued Expenses-$1,604-
Total Liabilities$0$1,604▲ $1,604
Net Assets / Fund Balance
Unrestricted Net Assets$1,568$28,609▲ $27,041
Total Net Assets Fund Balance$1,568$28,609▲ $27,041
Total Liabilities and Net Assets / Fund Balance$1,568$30,213▲ $28,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wendy ShriverExecutive DiFT$50,000$50,000

Board Members and Trustees

NameTitle
Larry JohnsonPresident
-Director
Abby HayhurstDirector
Bill NidayDirector
Cam HuffmanDirector
Carrie NesselrodeDirector
Cecil ChildressDirector
Chuck HudsonDirector
Chuck HughesDirector
Felice JorgesonDirector
John RockholdDirector
Lisa MccrayDirector
Mark LewisDirector
Rickie YeagerDirector
Robert Wright IiDirector
Senta GoudyDirector
Sharon KesselringDirector
Susan SchuchtsDirector
Tres RossDirector
Will Crichton ViDirector
Gary McintyreSecretary
John NicholsonTreasurer
Lindsey AndersonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$160,313
Program Service Revenue
$167,828
Investment Income
$0
Other Revenue
$0
All Other Contributions
$158,313
Change in Net Assets
$27,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$244,137
Salaries, Compensation, and Employee Benefits$56,963
Total Fundraising Expense$2,763
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$25,000$22,500$2,500$50,000
Advertising$46,142$3,743-$49,885
Other Expenses$12,150$-142-$12,008
All Other Expenses$6,487$5,442-$11,929
Conferences and Meetings-$5,577-$5,577
Payroll Taxes$2,629$2,366$263$5,258
Office Expenses$627$3,500-$4,127
Fees for Services Other$2,445$500-$2,945
Insurance$946$1,941-$2,887
Travel-$2,298-$2,298
Other Salaries and Wages$1,225$480-$1,705
Fees for Services Accounting-$1,196-$1,196
Total Functional Expenses$248,649$49,688$2,763$301,100
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
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
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

A draft copy of the form 990 is made available to the board members for review before the executive director ultimately signs-off on its filing.

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

The organization's conflict of interest policy is at a minimum reviewed and discussed annually with all officers, board members, and directors.

Form 990, Page 6, Part VI, Line 15A

The executive director's performance is to be evaluated on an annual basis by the executive committee. Compensation is set by the executive committee annually based upon performance review.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon written request. Written requests can be made with the executive director at the organization's street address.

Filing and Contact Details

Filer

Filer Name
Downtown Pkb Inc
EIN
46-1593463
Phone
3048655022
Address
409 1/2 MARKET ST, PARKERSBURG, WV 26101

Signing Officer

Name
Wendy Shriver
Title
Executive Director
Phone
3048655022
Signed
2016-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Shriver
Formed
2012
Legal Domicile
Wv
Voting Board Members
24
Independent Board Members
24
Employees
1
Volunteers
35

Preparer

Firm
Koreski & Estep Pllc
Address
300 STAR AVE STE 314, PARKERSBURG, WV 26101-5460
Preparer
Michael S Koreski CPA
Phone
3049173627
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Downtown pkg promotes downtown parkersburg, fosters economic opportunity and creates community vitality. The goal is to create a vibrant commercial district that will provide downtown businesses, workers and nearby residents with goods and services they need, as well as create educational, entertainment and tourism opportunities. In 2010, the city of parkersburg applied to be part of the west virginia ontrac (organization, training, revitalization and capacity) program and was selected to participate. The ontrac program was created by main street west virginia and the national historic trust to help cities create a comprehensive approach to econimic revitalization and historic preservation by focusing on four key areas: design, promotion, economic restructuring and organization.

Form 990, Page 1, Part I, Line 6

Total volunteers are estimated to approximate 35. Volunteers provided needed support in organizing and carrying out the program service events which include; (1) taste of parkersburg, (2) point park concert series, (3) downtown throwdown, (4) halloween and holiday event, (5) and other events.

Form 990, Page 2, Part III, Line 4D

All other programs, to stimulate and restore viability to the downtown parkersburg area.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/MissionDesc0DOWNTOWN PKG PROMOTES DOWNTOWN PARKERSBURG, FOSTERS ECONOMIC OPPORTUNITY AND CREATES COMMUNITY VITALITY. THE GOAL IS TO CREATE A VIBRANT COMMERCIAL DISTRICT THAT WILL PROVIDE DOWNTOWN BUSINESSES, WORKERS AND NEARBY RESIDENTS WITH GOODS AND SERVICES THEY NEED, AS WELL AS CREATE EDUCATIONAL, ENTERTAINMENT AND TOURISM OPPORTUNITIES. IN 2010, THE CITY OF PARKERSBURG APPLIED TO BE PART OF THE WEST VIRGINIA ONTRAC (ORGANIZATION, TRAINING, REVITALIZATION AND CAPACITY) PROGRAM AND WAS SELECTED TO PARTICIPATE. THE ONTRAC PROGRAM WAS CREATED BY MAIN STREET WEST VIRGINIA AND THE NATIONAL HISTORIC TRUST TO HELP CITIES CREATE A COMPREHENSIVE APPROACH TO ECONIMIC REVITALIZATION AND HISTORIC PRESERVATION BY FOCUSING ON FOUR KEY AREAS: DESIGN, PROMOTION, ECONOMIC RESTRUCTURING AND ORGANIZATION.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 234,184
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOWNTOWN PKG PROMOTES DOWNTOWN PARKERSBURG, FOSTERS ECONOMIC OPPORTUNITY AND CREATES COMMUNITY VITALITY. THE GOAL IS TO CREATE A VIBRANT COMMERCIAL DISTRICT THAT WILL PROVIDE DOWNTOWN BUSINESSES, WORKERS AND NEARBY RESIDENTS WITH GOODS AND SERVICES THEY NEED, AS WELL AS CREATE EDUCATIONAL, ENTERTAINMENT AND TOURISM OPPORTUNITIES. IN 2010, THE CITY OF PARKERSBURG APPLIED TO BE PART OF THE WEST VIRGINIA ONTRAC (ORGANIZATION, TRAINING, REVITALIZATION AND CAPACITY) PROGRAM AND WAS SELECTED TO PARTICIPATE. THE ONTRAC PROGRAM WAS CREATED BY MAIN STREET WEST VIRGINIA AND THE NATIONAL HISTORIC TRUST TO HELP CITIES CREATE A COMPREHENSIVE APPROACH TO ECONIMIC REVITALIZATION AND HISTORIC PRESERVATION BY FOCUSING ON FOUR KEY AREAS: DESIGN, PROMOTION, ECONOMIC RESTRUCTURING AND ORGANIZATION.

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