Civic Intelligence

Staunton Downtown Development Association Inc.

990 • Fiscal year 2022 • EIN 54-1688716

Jul 01, 2021 to Jun 30, 2022 • Filed on May 02, 2023

Organization ProfileWWW.STAUNTONDOWNTOWN.ORG
1 East Beverley Street 2nd FloorStaunton, VA 24401

(540) 332-3867

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

59th percentile

10%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$68,008

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

88th percentile

70%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

43%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$68,886

Up $28,421 (+70%) from 2021

Net Assets

Up

$66,334

Up $28,220 (+74%) from 2021

Liabilities

Up

$2,552

Up $201 (+8.5%) from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin59th percentile

Revenue

Up

$270,272

Up $81,631 (+43%) from 2021

Expenses

Up

$242,052

Up $55,442 (+30%) from 2021

Net Income

Up

$28,220

Up $26,189 (+1289%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$150K$100K$50K$0Assets 2011: $75,599Liabilities 2011: $16,544Net Assets 2011: $59,0552011Assets 2012: $60,086Liabilities 2012: $26,444Net Assets 2012: $33,6422012Assets 2013: $81,385Liabilities 2013: $26,284Net Assets 2013: $55,1012013Assets 2014: $68,765Liabilities 2014: $33,906Net Assets 2014: $34,8592014Assets 2015: $131,262Liabilities 2015: $32,833Net Assets 2015: $98,4292015Assets 2016: $97,220Liabilities 2016: $57,150Net Assets 2016: $40,0702016Assets 2017: $50,511Liabilities 2017: $5,693Net Assets 2017: $44,8182017Assets 2018: $52,463Liabilities 2018: $13,128Net Assets 2018: $39,3352018Assets 2019: $43,402Liabilities 2019: $8,301Net Assets 2019: $35,1012019Assets 2020: $38,887Liabilities 2020: $2,804Net Assets 2020: $36,0832020Assets 2021: $40,465Liabilities 2021: $2,351Net Assets 2021: $38,1142021Assets 2022: $68,886Liabilities 2022: $2,552Net Assets 2022: $66,3342022Assets 2023: $60,522Liabilities 2023: $2,616Net Assets 2023: $57,9062023Assets 2024: $39,648Liabilities 2024: $5,180Net Assets 2024: $34,4682024

Highlighted filing

2022

Assets$68,886
Liabilities$2,552
Net Assets$66,334
Open 2022 Filing

Operations Trend

Revenue Growth71st percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $176,310Expenses 2011: $191,598Net Income 2011: -$15,2882011Revenue 2012: $198,225Expenses 2012: $223,638Net Income 2012: -$25,4132012Revenue 2013: $190,747Expenses 2013: $169,288Net Income 2013: $21,4592013Revenue 2014: $180,327Expenses 2014: $200,569Net Income 2014: -$20,2422014Revenue 2015: $281,932Expenses 2015: $218,362Net Income 2015: $63,5702015Revenue 2016: $206,656Expenses 2016: $265,015Net Income 2016: -$58,3592016Revenue 2017: $223,594Expenses 2017: $218,846Net Income 2017: $4,7482017Revenue 2018: $200,568Expenses 2018: $208,311Net Income 2018: -$7,7432018Revenue 2019: $208,700Expenses 2019: $212,934Net Income 2019: -$4,2342019Revenue 2020: $241,304Expenses 2020: $240,322Net Income 2020: $9822020Revenue 2021: $188,641Expenses 2021: $186,610Net Income 2021: $2,0312021Revenue 2022: $270,272Expenses 2022: $242,052Net Income 2022: $28,2202022Revenue 2023: $236,521Expenses 2023: $244,950Net Income 2023: -$8,4292023Revenue 2024: $280,410Expenses 2024: $303,848Net Income 2024: -$23,4382024

Highlighted filing

2022

Revenue$270,272
Expenses$242,052
Net Income$28,220
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 2, 2023
Return Version
2021v4.0
Gross Receipts
$290,229
Mission and Program Overview

Mission

To enhance downtown staunton's economic environment as a center of commerce while maintaining the character and integrity of the city's downtown service district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$37,727$45,618▲ $7,891
Land, Buildings, and Equipment, Net-$17,778-
Cash and Non-Interest-Bearing Accounts$2,738$5,490▲ $2,752
Total Assets$40,465$68,886▲ $28,421
Liabilities
Accounts Payable and Accrued Expenses$2,351$2,552▲ $201
Total Liabilities$2,351$2,552▲ $201
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,084$46,836▲ $23,752
Net Assets With Donor Restrictions$15,030$19,498▲ $4,468
Total Net Assets Fund Balance$38,114$66,334▲ $28,220
Total Liabilities and Net Assets / Fund Balance$40,465$68,886▲ $28,421

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,778$18,065$35,843
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Greg BeamExecutive DiFT$68,008$68,008

Board Members and Trustees

NameTitle
Jessica Godsie SawyersPresident
Andrea OakesDirector
Brad ArrowoodDirector
Leslie BeauregardDirector
Sarah LynchDirector
Len DoranImmed Past P
Liesel CrosierSecretary
Tammy WarrenTreasurer
Claire RichardsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$260,450
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$9,810
All Other Contributions
$34,463
Change in Net Assets
$28,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,039
Other Expenses$102,013
Total Fundraising Expense$46,214
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$34,254$17,127$17,127$68,508
Other Salaries and Wages$23,859$19,035$18,685$61,579
Occupancy-$22,130-$22,130
Payroll Taxes$4,976$2,488$2,488$9,952
Insurance$6,924--$6,924
Advertising$5,875--$5,875
Office Expenses$4,927$870-$5,797
Information Technology$2,999$529-$3,528
Fees for Services Accounting-$2,657-$2,657
Conferences and Meetings$2,010--$2,010
Depreciation Depletion$1,835--$1,835
Other Expenses$274$780$7,914$274
All Other Expenses-$20-$20
Total Functional Expenses$130,202$65,636$46,214$242,052
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,767
Fundraising Direct Expenses$19,957
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Christmas Parad$18,544$18,544$8,752$9,792
Total Events$18,544$18,544$8,752$9,792
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
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
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

“Staff and treasurer reviews followed by the board.”

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

“Reviewed in formal policy and procedure manual”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Staunton Downtown Development
EIN
54-1688716
Phone
5403323867
Address
1 EAST BEVERLEY STREET 2ND FLOOR, STAUNTON, VA 24401

Signing Officer

Name
Greg Beam
Title
Executive Director
Phone
5403323867
Signed
2023-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Beam
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
45

Preparer

Firm
Didawick & Company Pc
Address
PO BOX 2976, STAUNTON, VA 24402
Preparer
David W Didawick CPA
Phone
5408850855
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt018065
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035843
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017778
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08752
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018544
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STAFF AND TREASURER REVIEWS FOLLOWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED IN FORMAL POLICY AND PROCEDURE MANUAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0GREG BEAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05403323867
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STAUNTON DOWNTOWN DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0STAU
ReturnHeader/Filer/EIN0541688716
ReturnHeader/Filer/PhoneNum05403323867
ReturnHeader/Filer/USAddress/AddressLine1Txt01 EAST BEVERLEY STREET 2ND FLOOR
ReturnHeader/Filer/USAddress/CityNm0STAUNTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541384711
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIDAWICK & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2976
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STAUNTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024402
ReturnHeader/PreparerPersonGrp/PhoneNum05408850855
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID W DIDAWICK CPA
ReturnHeader/ReturnTs02023-05-03T14:52:11-04:00
ReturnHeader/ReturnTypeCd0990

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,886
Liabilities
$2,552
Net assets
$66,334
Revenue
$270,272
Expenses
$242,052
Net income
$28,220
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.05$0.34$2.80$3.04$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.03$0.58$2.37$2.45$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.69$0.03$0.66$2.70$2.42$0.28
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$1.89$1.87$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.03$0.36$2.41$2.40$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.08$0.35$2.09$2.13$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.13$0.39$2.01$2.08$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.06$0.45$2.24$2.19$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.57$0.40$2.07$2.65$0.58
2015Detailed filing. Detailed filing data is available for this year.$1.31$0.33$0.98$2.82$2.18$0.64
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.34$0.35$1.80$2.01$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.26$0.55$1.91$1.69$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.26$0.34$1.98$2.24$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.17$0.59$1.76$1.92$0.15