Civic Intelligence

Downtown Belmont Development Association

990 • Fiscal year 2021 • EIN 47-4333734

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 24, 2021

Organization ProfileDOWNTOWNBELMONT.ORG
PO Box 431Belmont, NC 28012

(704) 901-2082

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE A99 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE A99 • <$500k nonprofits • Source year 2021

Net Margin

70th percentile

31%

Higher net margin than 70% of similar nonprofits.

2021 filings • NTEE A99 • <$500k nonprofits • Source year 2021

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2021 filings • NTEE A99 • <$500k nonprofits • Source year 2021

Asset Growth

55th percentile

7.6%

Faster asset growth than 55% of similar nonprofits.

2021 filings • NTEE A99 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

27th percentile

-37%

Faster revenue growth than 27% of similar nonprofits.

2021 filings • NTEE A99 • <$500k nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$40,734

Up $5,578 (+16%) from 2019

Net Assets

Up

$40,734

Up $5,578 (+16%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin70th percentile

Revenue

Down

$46,428

Down $70,005 (-60%) from 2019

Expenses

Down

$31,850

Down $80,718 (-72%) from 2019

Net Income

Up

$14,578

Up $10,713 (+277%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$100K$50K$0Assets 2017: $13,851Liabilities 2017: $0Net Assets 2017: $13,8512017Assets 2019: $35,156Liabilities 2019: $0Net Assets 2019: $35,1562019Assets 2021: $40,734Liabilities 2021: $0Net Assets 2021: $40,7342021Assets 2022: $53,665Liabilities 2022: $3,768Net Assets 2022: $49,8972022Assets 2023: $83,566Liabilities 2023: $35,411Net Assets 2023: $48,1552023Assets 2024: $47,130Liabilities 2024: $3,003Net Assets 2024: $44,1272024

Highlighted filing

2021

Assets$40,734
Liabilities$0
Net Assets$40,734
Open 2021 Filing

Operations Trend

Revenue Growth27th percentile

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

$300K$200K$100K$0-$100KRevenue 2017: $80,012Expenses 2017: $74,040Net Income 2017: $5,9722017Revenue 2019: $116,433Expenses 2019: $112,568Net Income 2019: $3,8652019Revenue 2021: $46,428Expenses 2021: $31,850Net Income 2021: $14,5782021Revenue 2022: $257,249Expenses 2022: $222,676Net Income 2022: $34,5732022Revenue 2023: $164,176Expenses 2023: $165,918Net Income 2023: -$1,7422023Revenue 2024: $261,997Expenses 2024: $266,025Net Income 2024: -$4,0282024

Highlighted filing

2021

Revenue$46,428
Expenses$31,850
Net Income$14,578
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 24, 2021
Return Version
2020v4.0
Gross Receipts
$46,428
Mission and Program Overview

Mission

To further advance the economic, aesthetic and cultural environment of historic downtown belmont, nc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,156$40,734▲ $14,578
Total Assets$26,156$40,734▲ $14,578
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,156$40,734▲ $14,578
Total Net Assets Fund Balance$26,156$40,734▲ $14,578
Total Liabilities and Net Assets / Fund Balance$26,156$40,734▲ $14,578
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Angela StreetChair
Nancy NanceVice Chair
Al WallDirector
Amy BossardDirector
Caroline SheppardDirector
Phil BogganDowntown Director
Jim HefferanAppt. Counci
Marc SeelingerAppt. Counci
Kevin KrouseAsst. City M
Emilie RudisillDesign Commi
Seth SherrinOrganization
Elizabeth SimcoxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,428
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$46,428
Change in Net Assets
$14,578

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,428
Total Revenue per Audited Statements
$46,428
Total Revenue per Form 990
$46,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$1,871--$1,871
Fees for Services Accounting-$1,250-$1,250
Office Expenses$443$148-$591
Advertising$320--$320
Other Expenses$27,517$19-$19
Interest$1--$1
Total Functional Expenses$30,152$1,698$0$31,850

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$31,850
Total Expenses per Audited Statements$31,850
Total Expenses per Form 990$31,850
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
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
No
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

“Reviewed by the executive board members, before being fully submitted to irs.”

Form 990, Page 6, Part VI, Line 19

“990 kept in the downtowns directors office which is a city employee and therfore open to the public.”

Filing and Contact Details

Filer

Filer Name
Downtown Belmont Development Assoc
EIN
47-4333734
Phone
7049012082
Address
PO BOX 431, BELMONT, NC 28012

Signing Officer

Name
Elizabeth Simcox
Title
Treasurer
Phone
7049012082
Signed
2021-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Street
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
50

Preparer

Firm
Mccannon Rogers Driscoll & Assoc Llp
Address
PO BOX 339, GASTONIA, NC 28053-0339
Preparer
Karen M Walker
Phone
7048670264
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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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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN BELMONT DEVELOPMENT ASSOC
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0474333734
ReturnHeader/Filer/PhoneNum07049012082
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 431
ReturnHeader/Filer/USAddress/CityNm0BELMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028012
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561056216
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCANNON ROGERS DRISCOLL & ASSOC LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 339
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GASTONIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0280530339
ReturnHeader/PreparerPersonGrp/PhoneNum07048670264
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN M WALKER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-12-10T09:38:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ELIZABETH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SIMCOX
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,734
Liabilities
$0
Net assets
$40,734
Revenue
$46,428
Expenses
$31,850
Net income
$14,578
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.47$0.03$0.44$2.62$2.66$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.84$0.35$0.48$1.64$1.66$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.54$0.04$0.50$2.57$2.23$0.35
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.46$0.32$0.15
2019Summary only. Only limited summary data is available for this year.$0.35$0.00$0.35$1.16$1.13$0.04
2017Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.80$0.74$0.06