Civic Intelligence

Hickory Downtown Development Association

990EZ • Fiscal year 2023 • EIN 56-1515954

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profilewww.downtownhickory.com
PO Box 9086Hickory, NC 28603-9086

(828) 322-1121

Siviq Scores

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

Liabilities / Assets

46th percentile

0.00x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.00x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

90th percentile

32%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-32%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

42%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$145,411

Down $68,371 (-32%) from 2022

Net Assets

Down

$145,411

Down $68,371 (-32%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin90th percentile

Revenue

Up

$149,413

Up $44,537 (+42%) from 2022

Expenses

Up

$101,854

Up $23,821 (+31%) from 2022

Net Income

Up

$47,559

Up $20,716 (+77%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$300K$200K$100K$0Assets 2010: $158,573Liabilities 2010: $0Net Assets 2010: $158,5732010Assets 2011: $189,623Liabilities 2011: $0Net Assets 2011: $189,6232011Assets 2012: $180,535Liabilities 2012: $0Net Assets 2012: $180,5352012Assets 2013: $201,241Liabilities 2013: $0Net Assets 2013: $201,2412013Assets 2014: $204,134Liabilities 2014: $0Net Assets 2014: $204,1342014Assets 2015: $180,783Liabilities 2015: $0Net Assets 2015: $180,7832015Assets 2016: $180,022Liabilities 2016: $0Net Assets 2016: $180,0222016Assets 2017: $182,326Liabilities 2017: $0Net Assets 2017: $182,3262017Assets 2018: $207,693Liabilities 2018: $0Net Assets 2018: $207,6932018Assets 2019: $256,392Liabilities 2019: $0Net Assets 2019: $256,3922019Assets 2020: $198,193Liabilities 2020: $0Net Assets 2020: $198,1932020Assets 2021: $186,939Liabilities 2021: $0Net Assets 2021: $186,9392021Assets 2022: $213,782Liabilities 2022: $0Net Assets 2022: $213,7822022Assets 2023: $145,411Liabilities 2023: $0Net Assets 2023: $145,4112023Assets 2024: $254,140Liabilities 2024: $0Net Assets 2024: $254,1402024

Highlighted filing

2023

Assets$145,411
Liabilities$0
Net Assets$145,411
Open 2023 Filing

Operations Trend

Revenue Growth84th percentile

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

$200K$100K$0-$100KExpenses 2010: $77,1022010Expenses 2011: $78,4912011Expenses 2012: $94,4802012Revenue 2013: $100,073Expenses 2013: $79,481Net Income 2013: $20,5922013Revenue 2014: $87,040Expenses 2014: $84,147Net Income 2014: $2,8932014Revenue 2015: $73,904Expenses 2015: $97,255Net Income 2015: -$23,3512015Revenue 2016: $85,543Expenses 2016: $86,304Net Income 2016: -$7612016Revenue 2017: $100,146Expenses 2017: $101,457Net Income 2017: -$1,3112017Revenue 2018: $107,074Expenses 2018: $81,707Net Income 2018: $25,3672018Revenue 2019: $127,273Expenses 2019: $78,574Net Income 2019: $48,6992019Revenue 2020: $32,911Expenses 2020: $91,110Net Income 2020: -$58,1992020Revenue 2021: $77,147Expenses 2021: $88,401Net Income 2021: -$11,2542021Revenue 2022: $104,876Expenses 2022: $78,033Net Income 2022: $26,8432022Revenue 2023: $149,413Expenses 2023: $101,854Net Income 2023: $47,5592023Revenue 2024: $133,879Expenses 2024: $117,105Net Income 2024: $16,7742024

Highlighted filing

2023

Revenue$149,413
Expenses$101,854
Net Income$47,559
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$175,101
Mission and Program Overview

Mission

Promote Downtown Business

To physically and culturally improve downtown Hickory as a place of commerce, recreation, and culture for the people of Hickory and the greater metro area.

Program Services

DescriptionGrantsExpenses
Promote downtown businesses in Hickory, NC$108,891$0
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill MorganDirector-$0--
Brandon HedrickDirector-$0--
Gavin MitchellDirector-$0--
Gina BumgarnerDirector-$0--
Marie GeisselleDirector-$0--
Marty MullDirector-$0--
Mike ThomasDirector-$0--
Nika WernerDirector-$0--
Tammy PantherDirector-$0--
Amy FauquetExecutive DirectorFT$0--
Emily WestmorelandPresident-$0--
Jay BrownPresident-Elect-$0--
Filing and Contact Details

Filer

Filer Name
Hickory Downtown Development Association
EIN
56-1515954
Phone
8283221121
Address
PO Box 9086, Hickory, NC 28603-9086

Signing Officer

Name
Sabrina Parris
Title
Treasurer
Phone
8283221121
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Titans Consulting Tax and Accounting Ser
Address
201 Government Ave SW, Hickory, NC 28602-2962
Preparer
Yajaira Tiscareno
Phone
8285542211
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 - Other Revenue

“Description: Interest/Miscellaneous. Amount: 149.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Accounting. Amount: 988. Description: Advertising & Marketing. Amount: 1200. Description: Bank Service Charges. Amount: 142. Description: Travel & Training. Amount: 1294. Description: Office Supplies. Amount: 1233. Description: Payroll Tax Liability. Amount: 4734. Description: Payroll Salary. Amount: 60396. Description: Payroll Accounting. Amount: 598. Description: Payroll Health Insurance. Amount: 7571. Description: Retirement 2%. Amount: 885. Description: Dues & Subscriptions. Amount: 1275. Description: Business Insurance. Amount: 8232. Description: Newsletter & Postage. Amount: 634. Description: Telephone. Amount: 2496. Description: Technoloty - Textedly. Amount: 568. Description: Office Maintenance. Amount: 309. Description: Design. Amount: 1372. Description: Business Development. Amount: 985. Description: Website & Administration. Amount: 6501. Description: General Membeship Meeting. Amount: 441. Total to Form 990-EZ, line 16: 101854.”

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

“Description: Adjustment to accurately adjust Paid-in Capital . Amount: -115929.”

Raw XML Appendix166 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Hickory
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt100
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Bill Morgan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Brandon Hedrick
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Gavin Mitchell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Gina Bumgarner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Marie Geisselle
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Marty Mull
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Mike Thomas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Nika Werner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Tammy Panther
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Amy Fauquet
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Emily Westmoreland
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11Jay Brown
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11President-Elect
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherRevenueTotalAmt0149
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To physically and culturally improve downtown Hickory as a place of commerce, recreation, and culture for the people of Hickory and the greater metro area.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Promote downtown businesses in Hickory, NC
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0108891
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SpecialEventsNetIncomeLossAmt032101
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
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IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt0101854
IRS990EZ/TotalRevenueAmt0149413
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0https://www.downtownhickory.com/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest/Miscellaneous. Amount: 149.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Accounting. Amount: 988. Description: Advertising & Marketing. Amount: 1200. Description: Bank Service Charges. Amount: 142. Description: Travel & Training. Amount: 1294. Description: Office Supplies. Amount: 1233. Description: Payroll Tax Liability. Amount: 4734. Description: Payroll Salary. Amount: 60396. Description: Payroll Accounting. Amount: 598. Description: Payroll Health Insurance. Amount: 7571. Description: Retirement 2%. Amount: 885. Description: Dues & Subscriptions. Amount: 1275. Description: Business Insurance. Amount: 8232. Description: Newsletter & Postage. Amount: 634. Description: Telephone. Amount: 2496. Description: Technoloty - Textedly. Amount: 568. Description: Office Maintenance. Amount: 309. Description: Design. Amount: 1372. Description: Business Development. Amount: 985. Description: Website & Administration. Amount: 6501. Description: General Membeship Meeting. Amount: 441. Total to Form 990-EZ, line 16: 101854.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Adjustment to accurately adjust Paid-in Capital . Amount: -115929.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8 - Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sabrina Parris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08283221121
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hickory Downtown Development Association
ReturnHeader/Filer/BusinessNameControlTxt0HICK
ReturnHeader/Filer/EIN0561515954
ReturnHeader/Filer/PhoneNum08283221121
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 9086
ReturnHeader/Filer/USAddress/CityNm0Hickory
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0286039086
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461562310
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Titans Consulting Tax and Accounting Ser
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 Government Ave SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hickory
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0286022962
ReturnHeader/PreparerPersonGrp/PhoneNum08285542211
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Yajaira Tiscareno
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T13:40:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$145,411
Liabilities
$0
Net assets
$145,411
Revenue
$149,413
Expenses
$101,854
Net income
$47,559
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.00$2.54$1.34$1.17$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$1.49$1.02$0.48
2022Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$1.05$0.78$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.77$0.88$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$0.33$0.91$0.58
2019Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$1.27$0.79$0.49
2018Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$1.07$0.82$0.25
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$1.00$1.01$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$0.86$0.86$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.74$0.97$0.23
2014Detailed filing. Detailed filing data is available for this year.$2.04$0.00$2.04$0.87$0.84$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$1.00$0.79$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.00$1.81$0.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.00$1.90$0.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.00$1.59$0.77