Civic Intelligence

Downtown Salisbury Inc.

990 • Fiscal year 2015 • EIN 56-1432420

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

Organization ProfileDOWNTOWNSALISBURYNC.COM
P O Box 4166Salisbury, NC 28145-4166

(704) 637-7814

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.72x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

85th percentile

2.67x

Higher debt load relative to revenue than 85% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Net Margin

71st percentile

15%

Higher net margin than 71% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$83,923

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Asset Growth

43rd percentile

0.1%

Faster asset growth than 43% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

77th percentile

28%

Faster revenue growth than 77% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$1,278,478

Up $1,308 (+0.1%) from 2014

Net Assets

Up

$353,456

Up $51,233 (+17%) from 2014

Liabilities

Down

$925,022

Down $49,925 (-5.1%) from 2014

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin71st percentile

Revenue

Up

$346,333

Up $76,152 (+28%) from 2014

Expenses

Up

$295,100

Up $131,820 (+81%) from 2014

Net Income

Down

$51,233

Down $55,668 (-52%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,418,539Liabilities 2011: $1,256,831Net Assets 2011: $161,7082011Assets 2012: $1,223,067Liabilities 2012: $1,081,006Net Assets 2012: $142,0612012Assets 2013: $1,248,407Liabilities 2013: $1,053,085Net Assets 2013: $195,3222013Assets 2014: $1,277,170Liabilities 2014: $974,947Net Assets 2014: $302,2232014Assets 2015: $1,278,478Liabilities 2015: $925,022Net Assets 2015: $353,4562015Assets 2016: $1,082,258Liabilities 2016: $936,434Net Assets 2016: $145,8242016Assets 2017: $1,000,658Liabilities 2017: $846,835Net Assets 2017: $153,8232017Assets 2018: $945,646Liabilities 2018: $800,314Net Assets 2018: $145,3322018Assets 2019: $955,628Liabilities 2019: $785,619Net Assets 2019: $170,0092019Assets 2020: $976,814Liabilities 2020: $709,978Net Assets 2020: $266,8362020Assets 2021: $999,865Liabilities 2021: $684,661Net Assets 2021: $315,2042021Assets 2022: $1,051,772Liabilities 2022: $651,477Net Assets 2022: $400,2952022Assets 2023: $1,071,650Liabilities 2023: $585,427Net Assets 2023: $486,2232023Assets 2024: $1,100,652Liabilities 2024: $554,055Net Assets 2024: $546,5972024Assets 2025: $284,341Liabilities 2025: $8,227Net Assets 2025: $276,1142025

Highlighted filing

2015

Assets$1,278,478
Liabilities$925,022
Net Assets$353,456
Open 2015 Filing

Operations Trend

Revenue Growth77th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $457,882Expenses 2011: $358,769Net Income 2011: $99,1132011Revenue 2012: $273,415Expenses 2012: $293,062Net Income 2012: -$19,6472012Expenses 2013: $195,4012013Revenue 2014: $270,181Expenses 2014: $163,280Net Income 2014: $106,9012014Revenue 2015: $346,333Expenses 2015: $295,100Net Income 2015: $51,2332015Revenue 2016: $372,309Expenses 2016: $351,941Net Income 2016: $20,3682016Revenue 2017: $373,564Expenses 2017: $365,565Net Income 2017: $7,9992017Revenue 2018: $140,313Expenses 2018: $148,804Net Income 2018: -$8,4912018Revenue 2019: $115,159Expenses 2019: $90,482Net Income 2019: $24,6772019Revenue 2020: $186,339Expenses 2020: $89,512Net Income 2020: $96,8272020Revenue 2021: $121,758Expenses 2021: $73,390Net Income 2021: $48,3682021Revenue 2022: $156,707Expenses 2022: $71,616Net Income 2022: $85,0912022Revenue 2023: $226,737Expenses 2023: $140,809Net Income 2023: $85,9282023Revenue 2024: $196,366Expenses 2024: $135,992Net Income 2024: $60,3742024Revenue 2025: $232,272Expenses 2025: $157,734Net Income 2025: $74,5382025

Highlighted filing

2015

Revenue$346,333
Expenses$295,100
Net Income$51,233
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$408,728
Mission and Program Overview

Mission

Promoting, enhancing and managing the development of the commercial, business, economic, residential, civic, and historical development of downtown salisbury, north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,122,989$1,129,232▲ $6,243
Savings and Temporary Cash Investments$131,297$140,294▲ $8,997
Accounts Receivable$22,884$8,952▼ $13,932
Total Assets$1,277,170$1,278,478▲ $1,308
Liabilities
Mortgage Notes Payable Secured by Investment Property$937,481$904,724▼ $32,757
Accounts Payable and Accrued Expenses$22,984$20,298▼ $2,686
Deferred Revenue$14,482--
Total Liabilities$974,947$925,022▼ $49,925
Net Assets / Fund Balance
Unrestricted Net Assets$301,141$352,374▲ $51,233
Temporarily Rstr Net Assets$1,082$1,082→ $0
Total Net Assets Fund Balance$302,223$353,456▲ $51,233
Total Liabilities and Net Assets / Fund Balance$1,277,170$1,278,478▲ $1,308

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,232$85,470$106,702
Buildings$1,108,000--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleBaseOtherTotal
Paula BohlandExecutive Di$74,805$9,118$83,923

Board Members and Trustees

NameTitle
Mark LewisPresident
Brian DavisDirector
Brian MillerDirector
Elaine SpaldingDirector
Eric PhillipsDirector
James MeachamDirector
Janet GapenDirector
Joe MorrisDirector
Judy HowardDirector
Pam Hylton CoffieldDirector
Rhodes WoollyDirector
Rick ParkerDirector
Robert Van GeonsDirector
Sean CampionDirector
Tim ProperDirector
Greg AndersonSecretary
John KetnerTreasurer
Mike FullerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$214,110
Program Service Revenue
$127,266
Investment Income
$32
Other Revenue
$4,925
All Other Contributions
$48,128
Change in Net Assets
$51,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$346,333
Total Revenue per Audited Statements
$346,333
Total Revenue per Form 990
$346,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,070
Salaries, Compensation, and Employee Benefits$136,030
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$98,583--$98,583
Current Officers, Directors, Trustees, and Key Employees$41,961$41,961-$83,922
Other Salaries and Wages$37,831--$37,831
Fees for Services Other-$10,825-$10,825
Office Expenses-$10,528-$10,528
Payroll Taxes$5,857$2,798-$8,655
Fees for Services Accounting-$6,925-$6,925
Depreciation Depletion-$6,013-$6,013
Travel$1,127$4,553-$5,680
Occupancy-$5,065-$5,065
Other Employee Benefits$4,966--$4,966
Insurance$495$3,861-$4,356
Other Expenses$252$2,469-$2,469
Pension Plan Contributions$656--$656
Conferences and Meetings-$638-$638
Total Functional Expenses$196,752$98,348$0$295,100

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$295,100
Total Expenses per Audited Statements$295,100
Total Expenses per Form 990$295,100
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
Audit committee
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
Yes
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

“The executive director and treasurer review a draft of the 990 and discuss any observations, questions or changes with the cpa return preparer. Management emails each board member a pdf copy of the 990 for their review. Board members are given a period of one week to review the return and reply to management with any observations, questions or changes.”

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

“Conflict of interest policy is distributed to board members and staff, who are asked to sign the policy and reveal in writing any potential conflicts of interest. Board members and staff are reminded to recuse themselves from any official action where there may be a conflict of interest.”

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

“The organization has a personnel committe that establishes and updates the compensation and benefits of each employee, taking into consideration the duties and responsibilites of each employee, their effectiveness in performing them and comparable employment data from the local job market.”

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

“Same procedures that are used for the executive directors position”

Form 990, Page 6, Part VI, Line 19

“All governing documents, conflict of interest policy and financial statements are made available at the organization's adminstrative office and are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Downtown Salisbury Inc
EIN
56-1432420
Phone
7046377814
Address
P O BOX 4166, SALISBURY, NC 28145-4166

Signing Officer

Name
Paula Bolhand
Title
Executive Director
Phone
7046377814
Signed
2015-11-16

Organization Details

Principal Officer
Paula Bohland Executive Director
Formed
1983
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
2

Preparer

Firm
Brent H Parks CPA Pa
Address
1816 E INNES ST STE 101, SALISBURY, NC 28146-6027
Preparer
Brent H Parks
Phone
7046338700
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“The volunteers provide service and guidance for various committees.”

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

“There is no market value for easements held by the organization. In fact the easements impose a financial burden on the organization by imposing ongoing monitoring requirements. Therefore, easements held by the organization are accounted for as "zero value" assets and are, therefore, not reflected in the organization's financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01122989
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01129232
IRS990/LandBldgEquipCostOrOtherBssAmt01214702
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt062395
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTING, ENHANCING AND MANAGING THE DEVELOPMENT OF THE COMMERCIAL, BUSINESS, ECONOMIC, RESIDENTIAL, CIVIC, AND HISTORICAL DEVELOPMENT OF DOWNTOWN SALISBURY, NORTH CAROLINA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0937481
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0904724
IRS990/NetAssetsOrFundBalancesBOYAmt0302223
IRS990/NetAssetsOrFundBalancesEOYAmt0353456
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt04314
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04314
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05065
IRS990/OccupancyGrp/TotalAmt05065
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010528
IRS990/OfficeExpensesGrp/TotalAmt010528
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04966
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04966
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/Desc1EDUCATION AND TRAINING
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02712
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12469
IRS990/OtherExpensesGrp/ProgramServicesAmt05024
IRS990/OtherExpensesGrp/ProgramServicesAmt1252
IRS990/OtherExpensesGrp/TotalAmt05024
IRS990/OtherExpensesGrp/TotalAmt12964
IRS990/OtherExpensesGrp/TotalAmt22469
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS & REIMBURSEMENTS
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0611
IRS990/OtherRevenueTotalAmt0611
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037831
IRS990/OtherSalariesAndWagesGrp/TotalAmt037831
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02798
IRS990/PayrollTaxesGrp/ProgramServicesAmt05857
IRS990/PayrollTaxesGrp/TotalAmt08655
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0656
IRS990/PensionPlanContributionsGrp/TotalAmt0656
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PAULA BOHLAND EXECUTIVE DIRECTOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CITY OF SALISBURY - MSDT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0127266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0127266
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0165958
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032
IRS990/PYOtherExpensesAmt097411
IRS990/PYOtherRevenueAmt0-28003
IRS990/PYProgramServiceRevenueAmt0132194
IRS990/PYRevenuesLessExpensesAmt0106901
IRS990/PYSalariesCompEmpBnftPaidAmt065869
IRS990/PYTotalExpensesAmt0163280
IRS990/PYTotalRevenueAmt0270181
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt051233
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04314
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0132191
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0131297
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0140294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0214110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0165958
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0183356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0174552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0328711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01066687
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0211
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0121
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0433
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0194586
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt01066687
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0214110
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0165958
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0183356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0174552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0328711
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01066687
IRS990ScheduleA/TotalSupportAmt01067120
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01108000
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01108000
IRS990ScheduleD/EquipmentGrp/BookValueAmt021232
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085470
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106702
IRS990ScheduleD/ExpensesSubtotalAmt0295100
IRS990ScheduleD/RevenueSubtotalAmt0346333
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE IS NO MARKET VALUE FOR EASEMENTS HELD BY THE ORGANIZATION. IN FACT THE EASEMENTS IMPOSE A FINANCIAL BURDEN ON THE ORGANIZATION BY IMPOSING ONGOING MONITORING REQUIREMENTS. THEREFORE, EASEMENTS HELD BY THE ORGANIZATION ARE ACCOUNTED FOR AS "ZERO VALUE" ASSETS AND ARE, THEREFORE, NOT REFLECTED IN THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART II, LINE 9
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01129232
IRS990ScheduleD/TotalExpensesPerForm990Amt0295100
IRS990ScheduleD/TotalRevenuePerForm990Amt0346333
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0346333
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0295100
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VOLUNTEERS PROVIDE SERVICE AND GUIDANCE FOR VARIOUS COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND TREASURER REVIEW A DRAFT OF THE 990 AND DISCUSS ANY OBSERVATIONS, QUESTIONS OR CHANGES WITH THE CPA RETURN PREPARER. MANAGEMENT EMAILS EACH BOARD MEMBER A PDF COPY OF THE 990 FOR THEIR REVIEW. BOARD MEMBERS ARE GIVEN A PERIOD OF ONE WEEK TO REVIEW THE RETURN AND REPLY TO MANAGEMENT WITH ANY OBSERVATIONS, QUESTIONS OR CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO BOARD MEMBERS AND STAFF, WHO ARE ASKED TO SIGN THE POLICY AND REVEAL IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS AND STAFF ARE REMINDED TO RECUSE THEMSELVES FROM ANY OFFICIAL ACTION WHERE THERE MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A PERSONNEL COMMITTE THAT ESTABLISHES AND UPDATES THE COMPENSATION AND BENEFITS OF EACH EMPLOYEE, TAKING INTO CONSIDERATION THE DUTIES AND RESPONSIBILITES OF EACH EMPLOYEE, THEIR EFFECTIVENESS IN PERFORMING THEM AND COMPARABLE EMPLOYMENT DATA FROM THE LOCAL JOB MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SAME PROCEDURES THAT ARE USED FOR THE EXECUTIVE DIRECTORS POSITION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE AT THE ORGANIZATION'S ADMINSTRATIVE OFFICE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0DOWNTOWN SALISBURY NEW MARKET PARTN
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0201538528
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTAT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 4166
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0SALISBURY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0281454166
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01082
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01082
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01277170
IRS990/TotalAssetsEOYAmt01278478
IRS990/TotalAssetsGrp/BOYAmt01277170
IRS990/TotalAssetsGrp/EOYAmt01278478
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,278,478
Liabilities
$925,022
Net assets
$353,456
Revenue
$346,333
Expenses
$295,100
Net income
$51,233
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.28$0.23$0.16$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.55$0.55$0.20$0.14$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.59$0.49$0.23$0.14$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.65$0.40$0.16$0.07$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.68$0.32$0.12$0.07$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.71$0.27$0.19$0.09$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.79$0.17$0.12$0.09$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.80$0.15$0.14$0.15$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.85$0.15$0.37$0.37$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.94$0.15$0.37$0.35$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.93$0.35$0.35$0.30$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.97$0.30$0.27$0.16$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.05$0.20$0.20
2012Summary only. Only limited summary data is available for this year.$1.22$1.08$0.14$0.27$0.29$0.02
2011Summary only. Only limited summary data is available for this year.$1.42$1.26$0.16$0.46$0.36$0.10