Civic Intelligence

Marion Downtown Revitalization Association Inc

990EZ • Fiscal year 2019 • EIN 54-1671339

Jun 01, 2018 to May 31, 2019 • Filed on Jan 29, 2019

PO Box 915Marion, VA 24354

(276) 783-4190

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

51st percentile

2.4%

Faster asset growth than 51% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-65%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$81,686

Up $1,937 (+2.4%) from 2018

Net Assets

$81,686

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$9,159

Down $17,156 (-65%) from 2018

Expenses

Down

$4,222

Down $12,201 (-74%) from 2018

Net Income

Down

$4,937

Down $4,955 (-50%) from 2018

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2014: $64,781Liabilities 2014: $02014Assets 2015: $33,968Liabilities 2015: $02015Assets 2016: $59,473Liabilities 2016: $02016Assets 2017: $66,857Liabilities 2017: $02017Assets 2018: $79,749Liabilities 2018: $02018Assets 2019: $81,686Liabilities 2019: $0Net Assets 2019: $81,6862019Assets 2020: $75,066Liabilities 2020: $0Net Assets 2020: $75,0662020Assets 2021: $57,144Liabilities 2021: $0Net Assets 2021: $57,1442021Assets 2025: $74,016Net Assets 2025: $74,0162025

Highlighted filing

2019

Assets$81,686
Liabilities$0
Net Assets$81,686

Operations Trend

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

$100K$50K$0-$50KRevenue 2014: $90,151Expenses 2014: $65,868Net Income 2014: $24,2832014Revenue 2015: $37,897Expenses 2015: $69,166Net Income 2015: -$31,2692015Revenue 2016: $54,232Expenses 2016: $28,727Net Income 2016: $25,5052016Revenue 2017: $90,443Expenses 2017: $83,059Net Income 2017: $7,3842017Revenue 2018: $26,315Expenses 2018: $16,423Net Income 2018: $9,8922018Revenue 2019: $9,159Expenses 2019: $4,222Net Income 2019: $4,9372019Revenue 2020: $31,283Expenses 2020: $37,903Net Income 2020: -$6,6202020Revenue 2021: $23,797Expenses 2021: $41,719Net Income 2021: -$17,9222021Revenue 2025: $69,059Expenses 2025: $42,319Net Income 2025: $26,7402025

Highlighted filing

2019

Revenue$9,159
Expenses$4,222
Net Income$4,937
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jan 29, 2019
Return Version
2018v3.2
Gross Receipts
$27,307
Mission and Program Overview

Mission

To identify areas of improvement in downtown marion and work with the local government, businesses and residents to make downtown marion an attractive place to live, work and shop. By enhancing the downtown's appearance, creating an atmosphere where the residents feel safe, the preservation and public education of the distr ict's historical characteristics, providing assistance to businesses and the ongoing effort to attracting a variety of new businesses.

Program Services

DescriptionGrantsExpenses
THE OBJECTIVES OF MARION DOWNTOWN REVITALIZATION, INC. (ASSOCIATION) ARE TO IDENTIFY AREAS OF IMPROVEMENT IN DOWNTOWN MARION AND WORK WITH THE LOCAL GOVERNMENT, BUSINESSES AND RESIDENTS TO MAKE DOWNTOWN MARION AN ATTRACTIVE PLACE TO LIVE, WORK AND SHOP BY ENHANCING THE DOWNTOWN'S APPEARANCE, CREATING AN ATMOSPHERE WHERE THE RESIDENTS AND VISITORS FEEL SAFE AND BY CONTRIBUTING TO THE PRESERVATION OF THE DISTRICT'S HISTORICAL CHARACTERISTICS. THE ASSOCIATION WILL PROVIDE ASSISTANCE TO THE DOWNTOWN DISTRICT IN THE ONGOING EFFORT OF ATTRACTING A VARIETY OF NEW BUSINESSES. THE ASSOCIATION SHALL BE CONDUCTED AS A NONPROFIT ORGANIZATION, AND NO PART OF THE PROFIT (IF ANY) OF THE ASSOCIATION SHALL INURE TO THE BENEFIT OF ANY MEMBER OR OTHER PERSON.-$1,596
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
REX ANDERSPresident-$0--
BRIAN REEDVice Preside-$0--
OLIVIA MCDONALDSecretary-$0--
JOHN SAUNDERSTreasurer-$0--
ANN SAUFLEYDirector-$0--
JULIUS WINEBARGERDirector-$0--
AVERY CORNETTDirector-$0--
CURTIS RHEADirector-$0--
KATHY COBBSDirector-$0--
BRIAN TIBBSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Marion Downtown Revitalization
EIN
54-1671339
Address
PO BOX 915, MARION, VA 24354

Signing Officer

Name
Rex Anders
Title
President
Phone
2767834190
Signed
2019-01-29
Discuss with paid preparer
Yes

Preparer

Firm
Albano & Associates Plc
Address
PO BOX 229, MARION, VA 24354-0229
Preparer
J Michael Albano
Phone
2767837257
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Sale of shirts, etc. 22 total 22

Form 990-ez, Part I, Line 16

Expenses advertising 250 supplies office supplies 126 supplies supplies - all oth 42 insurance 2,500 dues 934 fees, registrations, etc 45 grants expenses other g 42 hospitality 119 licenses and permits 45 miscellaneous expense 119 total 4,222

Form 990-ez, Part II, Line 24

Grants receivable 7,845 0 accounts receivable 0 2,723 total 7,845 2,723

Form 990-ez, Part III

To identify areas of improvement in downtown marion and work with the local government, businesses and residents to make downtown marion an attractive place to live, work and shop. By enhancing the downtown's appearance, creating an atmosphere where the residents feel safe, the preservation and public education of the distr ict's historical characteristics, providing assistance to businesses and the ongoing effort to attracting a variety of new businesses.

Form 990-ez, Part III, Line 28

The objectives of marion downtown revitalization, inc. (association) are to identify areas of improvement in downtown marion and work with the local government, businesses and residents to make downtown marion an attractive place to live, work and shop by enhancing the downtown's appearance, creating an atmosphere where the residents and visitors feel safe and by contributing to the preservation of the district's historical characteristics. The association will provide assistance to the downtown district in the ongoing effort of attracting a variety of new businesses. The association shall be conducted as a nonprofit organization, and no part of the profit (if any) of the association shall inure to the benefit of any member or other person.

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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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE OBJECTIVES OF MARION DOWNTOWN REVITALIZATION, INC. (ASSOCIATION) ARE TO IDENTIFY AREAS OF IMPROVEMENT IN DOWNTOWN MARION AND WORK WITH THE LOCAL GOVERNMENT, BUSINESSES AND RESIDENTS TO MAKE DOWNTOWN MARION AN ATTRACTIVE PLACE TO LIVE, WORK AND SHOP BY ENHANCING THE DOWNTOWN'S APPEARANCE, CREATING AN ATMOSPHERE WHERE THE RESIDENTS AND VISITORS FEEL SAFE AND BY CONTRIBUTING TO THE PRESERVATION OF THE DISTRICT'S HISTORICAL CHARACTERISTICS. THE ASSOCIATION WILL PROVIDE ASSISTANCE TO THE DOWNTOWN DISTRICT IN THE ONGOING EFFORT OF ATTRACTING A VARIETY OF NEW BUSINESSES. THE ASSOCIATION SHALL BE CONDUCTED AS A NONPROFIT ORGANIZATION, AND NO PART OF THE PROFIT (IF ANY) OF THE ASSOCIATION SHALL INURE TO THE BENEFIT OF ANY MEMBER OR OTHER PERSON.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SALE OF SHIRTS, ETC. 22 TOTAL 22
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 250 SUPPLIES OFFICE SUPPLIES 126 SUPPLIES SUPPLIES - ALL OTH 42 INSURANCE 2,500 DUES 934 FEES, REGISTRATIONS, ETC 45 GRANTS EXPENSES OTHER G 42 HOSPITALITY 119 LICENSES AND PERMITS 45 MISCELLANEOUS EXPENSE 119 TOTAL 4,222
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GRANTS RECEIVABLE 7,845 0 ACCOUNTS RECEIVABLE 0 2,723 TOTAL 7,845 2,723
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO IDENTIFY AREAS OF IMPROVEMENT IN DOWNTOWN MARION AND WORK WITH THE LOCAL GOVERNMENT, BUSINESSES AND RESIDENTS TO MAKE DOWNTOWN MARION AN ATTRACTIVE PLACE TO LIVE, WORK AND SHOP. BY ENHANCING THE DOWNTOWN'S APPEARANCE, CREATING AN ATMOSPHERE WHERE THE RESIDENTS FEEL SAFE, THE PRESERVATION AND PUBLIC EDUCATION OF THE DISTR ICT'S HISTORICAL CHARACTERISTICS, PROVIDING ASSISTANCE TO BUSINESSES AND THE ONGOING EFFORT TO ATTRACTING A VARIETY OF NEW BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OBJECTIVES OF MARION DOWNTOWN REVITALIZATION, INC. (ASSOCIATION) ARE TO IDENTIFY AREAS OF IMPROVEMENT IN DOWNTOWN MARION AND WORK WITH THE LOCAL GOVERNMENT, BUSINESSES AND RESIDENTS TO MAKE DOWNTOWN MARION AN ATTRACTIVE PLACE TO LIVE, WORK AND SHOP BY ENHANCING THE DOWNTOWN'S APPEARANCE, CREATING AN ATMOSPHERE WHERE THE RESIDENTS AND VISITORS FEEL SAFE AND BY CONTRIBUTING TO THE PRESERVATION OF THE DISTRICT'S HISTORICAL CHARACTERISTICS. THE ASSOCIATION WILL PROVIDE ASSISTANCE TO THE DOWNTOWN DISTRICT IN THE ONGOING EFFORT OF ATTRACTING A VARIETY OF NEW BUSINESSES. THE ASSOCIATION SHALL BE CONDUCTED AS A NONPROFIT ORGANIZATION, AND NO PART OF THE PROFIT (IF ANY) OF THE ASSOCIATION SHALL INURE TO THE BENEFIT OF ANY MEMBER OR OTHER PERSON.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-30
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ReturnHeader/ReturnTs02020-01-30T14:57:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

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