Civic Intelligence

Downtown Sanford Inc

EIN 56-1472402 • 501(c)3 • Sanford, NC

Profile

To manage the development of downtown sanford as the primary economic, cultural, and social center of the community; to educate the community on the unique assets and historical significance of the downtown area; and to promote and stimulate the improvement of these assets.

229 Carthage StSanford, NC 27330

www.downtownsanford.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.01x

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

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

50th percentile

1.8%

Higher net margin than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

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

Asset Growth

65th percentile

7.2%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

-6.7%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$106,079

Up $7,149 (+7.2%) from 2024

Liabilities

Up

$1,011

Up $532 (+111%) from 2024

Net Assets

Up

$105,068

Up $6,617 (+6.7%) from 2024

Operations
Liabilities / Revenue64th percentileNet Margin50th percentile

Revenue

Down

$364,024

Down $26,088 (-6.7%) from 2024

Expenses

Down

$357,407

Down $21,370 (-5.6%) from 2024

Net Income

Down

$6,617

Down $4,718 (-42%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2017: $29,985Liabilities 2017: $0Net Assets 2017: $29,9852017Assets 2018: $30,835Liabilities 2018: $0Net Assets 2018: $30,8352018Assets 2019: $54,142Liabilities 2019: $0Net Assets 2019: $54,1422019Assets 2020: $96,845Liabilities 2020: $22,741Net Assets 2020: $74,1042020Assets 2021: $88,892Liabilities 2021: $188Net Assets 2021: $88,7042021Assets 2022: $105,901Liabilities 2022: $378Net Assets 2022: $105,5232022Assets 2023: $87,713Liabilities 2023: $597Net Assets 2023: $87,1162023Assets 2024: $98,930Liabilities 2024: $479Net Assets 2024: $98,4512024Assets 2025: $106,079Liabilities 2025: $1,011Net Assets 2025: $105,0682025

Highlighted filing

2025

Assets$106,079
Liabilities$1,011
Net Assets$105,068
Open 2025 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2017: $107,310Expenses 2017: $93,730Net Income 2017: $13,5802017Revenue 2018: $91,925Expenses 2018: $91,075Net Income 2018: $8502018Revenue 2019: $155,306Expenses 2019: $131,999Net Income 2019: $23,3072019Revenue 2020: $223,467Expenses 2020: $186,737Net Income 2020: $36,7302020Revenue 2021: $259,274Expenses 2021: $244,674Net Income 2021: $14,6002021Revenue 2022: $323,124Expenses 2022: $306,305Net Income 2022: $16,8192022Revenue 2023: $371,048Expenses 2023: $389,455Net Income 2023: -$18,4072023Revenue 2024: $390,112Expenses 2024: $378,777Net Income 2024: $11,3352024Revenue 2025: $364,024Expenses 2025: $357,407Net Income 2025: $6,6172025

Highlighted filing

2025

Revenue$364,024
Expenses$357,407
Net Income$6,617
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$106,079
Liabilities
$1,011
Net assets
$105,068
Revenue
$364,024
Expenses
$357,407
Net income
$6,617
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.05$3.64$3.57$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.98$3.90$3.79$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$3.71$3.89$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$3.23$3.06$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.00$0.89$2.59$2.45$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.23$0.74$2.23$1.87$0.37
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$1.55$1.32$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.92$0.91$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$1.07$0.94$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 22, 2025
Return Version
2024v5.0
Gross Receipts
$364,024
Mission and Program Overview

Mission

ECONOMIC GROWTH

The mission of dsi is to promote and market downtown sanford as the primary economic, cultural, and social center of the community; to educate the community on the unique assets and historical significance of the downtown area; and to manage the development and improvement of these assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$98,451$105,068▲ $6,617
Cash and Non-Interest-Bearing Accounts$87,882$86,402▼ $1,480
Prepaid Expenses and Deferred Charges$11,048$19,677▲ $8,629
Total Assets$98,930$106,079▲ $7,149
Liabilities
Accounts Payable and Accrued Expenses$479$1,011▲ $532
Total Liabilities$479$1,011▲ $532
Net Assets / Fund Balance
Total Net Assets Fund Balance$98,451$105,068▲ $6,617
Total Liabilities and Net Assets / Fund Balance$98,930$106,079▲ $7,149
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kelli LaudateExecutive DiFT$66,279$66,279

Board Members and Trustees

NameTitle
Sharon SpenceChair
Ashley DavenportVice Chair
Brenda AguirreBoard Member
David MorseBoard Member
Jeff TowsonBoard Member
Joni MartinBoard Member
Maria WrightBoard Member
Ophelia LivingstonBoard Member
Peggy TaphornBoard Member
Porshia WickerBoard Member
Shawanda WilsonBoard Member
Tim ChildressBoard Member
Travis BealBoard Member
Ashley WhitakerSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$353,699
Program Service Revenue
$10,325
Investment Income
$0
Other Revenue
$0
All Other Contributions
$79,112
Change in Net Assets
$6,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$179,914
Other Expenses$177,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,766--$99,766
Current Officers, Directors, Trustees, and Key Employees$53,023$13,256-$66,279
Advertising$38,025--$38,025
All Other Expenses$18,981$4,195-$23,176
Insurance$13,557$3,389-$16,946
Payroll Taxes$12,855$1,014-$13,869
Occupancy-$7,698-$7,698
Other Expenses$7,049--$7,049
Office Expenses-$6,577-$6,577
Fees for Services Other$3,851$716-$4,567
Fees for Services Accounting-$2,725-$2,725
Conferences and Meetings$1,473--$1,473
Total Functional Expenses$317,837$39,570$0$357,407
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 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
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

“Reviewed by a meeting of the executive committee of the board of directors and accepted as accurate and complete by unanimous consent of the governing body before filing.”

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

“Conflict of interest policy is monitored and enforced by formal communication of the policy to all personnel and periodic reviews and meetings of all officer and directors to ensure no violation of the conflict of interest policy requirements.”

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

“Reviewed by a meeting of the executive committee of the board of directors and accepted as accurate and complete by unanimous consent of the governing body before filing.”

Form 990, Page 6, Part VI, Line 19

“Organization's bylaws, conflict of interest policy and financial statements are available upon request. Financial statements are provided as requested to governmental units and others from whom the organization is seeking financial assistance.”

Filing and Contact Details

Filer

Filer Name
Downtown Sanford Inc
EIN
56-1472402
Phone
9197184659
Address
229 CARTHAGE ST, SANFORD, NC 27330

Signing Officer

Name
Kelli Laudate
Title
Executive Director
Phone
9197184659
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelli Laudate
Formed
1984
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
9

Preparer

Firm
Benton Whitaker Llp
Address
107 GORDON ST, SANFORD, NC 27330
Preparer
Shay P Benton
Phone
9197764636
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To manage the development of downtown sanford as the primary economic, cultural, and social center of the community; to educate the community on the unique assets and historical significance of the downtown area; and to promote and stimulate the improvement of these assets.”

Form 990, Page 1, Part I, Line 6

“Dsi has various volunteers who help with downtown events such as the concert series and the annual streetfest.”

Raw XML Appendix382 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0479
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01011
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF DSI IS TO PROMOTE AND MARKET DOWNTOWN SANFORD AS THE PRIMARY ECONOMIC, CULTURAL, AND SOCIAL CENTER OF THE COMMUNITY; TO EDUCATE THE COMMUNITY ON THE UNIQUE ASSETS AND HISTORICAL SIGNIFICANCE OF THE DOWNTOWN AREA; AND TO MANAGE THE DEVELOPMENT AND IMPROVEMENT OF THESE ASSETS.
IRS990/AdvertisingGrp/ProgramServicesAmt038025
IRS990/AdvertisingGrp/TotalAmt038025
IRS990/AllOtherContributionsAmt079112
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04195
IRS990/AllOtherExpensesGrp/ProgramServicesAmt018981
IRS990/AllOtherExpensesGrp/TotalAmt023176
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0KELLI LAUDATE
IRS990/BooksInCareOfDetail/PhoneNum09197184659
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0229 CARTHAGE ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0SANFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027330
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt087882
IRS990/CashNonInterestBearingGrp/EOYAmt086402
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt013256
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt053023
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt066279
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01473
IRS990/ConferencesMeetingsGrp/TotalAmt01473
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0353699
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0177493
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt010325
IRS990/CYRevenuesLessExpensesAmt06617
IRS990/CYSalariesCompEmpBnftPaidAmt0179914
IRS990/CYTotalExpensesAmt0357407
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0364024
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0MANAGEMENT OF ECONOMIC, CULTURAL, AND SOCIAL CENTER OF GROWTH OF THE COMMUNITY
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0317837
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02725
IRS990/FeesForServicesAccountingGrp/TotalAmt02725
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0716
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03851
IRS990/FeesForServicesOtherGrp/TotalAmt04567
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0KELLI LAUDATE
IRS990/Form990PartVIISectionAGrp/PersonNm1BRENDA AGUIRRE
IRS990/Form990PartVIISectionAGrp/PersonNm2TRAVIS BEAL
IRS990/Form990PartVIISectionAGrp/PersonNm3TIM CHILDRESS
IRS990/Form990PartVIISectionAGrp/PersonNm4ASHLEY DAVENPORT
IRS990/Form990PartVIISectionAGrp/PersonNm5OPHELIA LIVINGSTON
IRS990/Form990PartVIISectionAGrp/PersonNm6JONI MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID MORSE
IRS990/Form990PartVIISectionAGrp/PersonNm8SHARON SPENCE
IRS990/Form990PartVIISectionAGrp/PersonNm9PEGGY TAPHORN
IRS990/Form990PartVIISectionAGrp/PersonNm10JEFF TOWSON
IRS990/Form990PartVIISectionAGrp/PersonNm11ASHLEY WHITAKER
IRS990/Form990PartVIISectionAGrp/PersonNm12PORSHIA WICKER
IRS990/Form990PartVIISectionAGrp/PersonNm13SHAWANDA WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm14MARIA WRIGHT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt066279
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0274587
IRS990/GrantAmt0353699
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0364024
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03389
IRS990/InsuranceGrp/ProgramServicesAmt013557
IRS990/InsuranceGrp/TotalAmt016946
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO MANAGE THE DEVELOPMENT OF DOWNTOWN SANFORD AS THE PRIMARY ECONOMIC, CULTURAL, AND SOCIAL CENTER OF THE COMMUNITY; TO EDUCATE THE COMMUNITY ON THE UNIQUE ASSETS AND HISTORICAL SIGNIFICANCE OF THE DOWNTOWN AREA; AND TO PROMOTE AND STIMULATE THE IMPROVEMENT OF THESE ASSETS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt098451
IRS990/NetAssetsOrFundBalancesEOYAmt0105068
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt07698
IRS990/OccupancyGrp/TotalAmt07698
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06577
IRS990/OfficeExpensesGrp/TotalAmt06577
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0STREETFEST
IRS990/OtherExpensesGrp/Desc1DOWNTOWN EVENTS
IRS990/OtherExpensesGrp/Desc2HOLIDAY DECORATIONS
IRS990/OtherExpensesGrp/Desc3PARADE
IRS990/OtherExpensesGrp/ProgramServicesAmt035813
IRS990/OtherExpensesGrp/ProgramServicesAmt124524
IRS990/OtherExpensesGrp/ProgramServicesAmt28920
IRS990/OtherExpensesGrp/ProgramServicesAmt37049
IRS990/OtherExpensesGrp/TotalAmt035813
IRS990/OtherExpensesGrp/TotalAmt124524
IRS990/OtherExpensesGrp/TotalAmt28920
IRS990/OtherExpensesGrp/TotalAmt37049
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt099766
IRS990/OtherSalariesAndWagesGrp/TotalAmt099766
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01014
IRS990/PayrollTaxesGrp/ProgramServicesAmt012855
IRS990/PayrollTaxesGrp/TotalAmt013869
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011048
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019677
IRS990/PrincipalOfficerNm0KELLI LAUDATE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010325
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0378856
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0213243
IRS990/PYProgramServiceRevenueAmt011256
IRS990/PYRevenuesLessExpensesAmt011335
IRS990/PYSalariesCompEmpBnftPaidAmt0165534
IRS990/PYTotalExpensesAmt0378777
IRS990/PYTotalRevenueAmt0390112
IRS990/ReconcilationRevenueExpnssAmt06617
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011256
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt098451
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0105068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0353699
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0378856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0356183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0230570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0124461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01443769
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0263813
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01443769
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0353699
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0378856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0356183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0230570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0124461
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01443769
IRS990ScheduleA/TotalSupportAmt01443769
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO MANAGE THE DEVELOPMENT OF DOWNTOWN SANFORD AS THE PRIMARY ECONOMIC, CULTURAL, AND SOCIAL CENTER OF THE COMMUNITY; TO EDUCATE THE COMMUNITY ON THE UNIQUE ASSETS AND HISTORICAL SIGNIFICANCE OF THE DOWNTOWN AREA; AND TO PROMOTE AND STIMULATE THE IMPROVEMENT OF THESE ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DSI HAS VARIOUS VOLUNTEERS WHO HELP WITH DOWNTOWN EVENTS SUCH AS THE CONCERT SERIES AND THE ANNUAL STREETFEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY A MEETING OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND ACCEPTED AS ACCURATE AND COMPLETE BY UNANIMOUS CONSENT OF THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY FORMAL COMMUNICATION OF THE POLICY TO ALL PERSONNEL AND PERIODIC REVIEWS AND MEETINGS OF ALL OFFICER AND DIRECTORS TO ENSURE NO VIOLATION OF THE CONFLICT OF INTEREST POLICY REQUIREMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEWED BY A MEETING OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND ACCEPTED AS ACCURATE AND COMPLETE BY UNANIMOUS CONSENT OF THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION'S BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE PROVIDED AS REQUESTED TO GOVERNMENTAL UNITS AND OTHERS FROM WHOM THE ORGANIZATION IS SEEKING FINANCIAL ASSISTANCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098930
IRS990/TotalAssetsEOYAmt0106079
IRS990/TotalAssetsGrp/BOYAmt098930
IRS990/TotalAssetsGrp/EOYAmt0106079
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0353699
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039570
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317837
IRS990/TotalFunctionalExpensesGrp/TotalAmt0357407
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0479
IRS990/TotalLiabilitiesEOYAmt01011
IRS990/TotalLiabilitiesGrp/BOYAmt0479
IRS990/TotalLiabilitiesGrp/EOYAmt01011
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt098451
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0105068
IRS990/TotalProgramServiceExpensesAmt0317837
IRS990/TotalProgramServiceRevenueAmt010325
IRS990/TotalReportableCompFromOrgAmt066279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010325
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0364024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098930
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0106079
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0229 CARTHAGE ST
IRS990/USAddress/CityNm0SANFORD
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027330
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.DOWNTOWNSANFORD.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLI LAUDATE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09197184659
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN SANFORD INC
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0561472402
ReturnHeader/Filer/PhoneNum09197184659
ReturnHeader/Filer/USAddress/AddressLine1Txt0229 CARTHAGE ST
ReturnHeader/Filer/USAddress/CityNm0SANFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027330
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0853073393
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BENTON WHITAKER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0107 GORDON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027330
ReturnHeader/PreparerPersonGrp/PhoneNum09197764636
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAY P BENTON
ReturnHeader/ReturnTs02025-11-10T15:45:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.