Civic Intelligence

Downtown Henderson Project Inc.

990EZ • Fiscal year 2018 • EIN 61-1288674

Jan 01, 2018 to Dec 31, 2018 • Filed on May 09, 2019

101 North Water Street Suite BHenderson, KY 42420

(270) 827-0016

Siviq Scores

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

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

26th percentile

-8.1%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$32,362

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

-5.6%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$73,595

Down $9,362 (-11%) from 2017

Net Assets

Down

$71,101

Down $9,792 (-12%) from 2017

Liabilities

Up

$2,494

Up $430 (+21%) from 2017

Revenue

Down

$116,021

Down $6,870 (-5.6%) from 2017

Expenses

Up

$125,445

Up $47,932 (+62%) from 2017

Net Income

Down

-$9,424

Down $54,802 (-121%) from 2017

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $92,041Liabilities 2011: $8,5672011Assets 2012: $79,088Liabilities 2012: $2,8112012Assets 2013: $58,463Liabilities 2013: $3,2562013Assets 2014: $54,288Liabilities 2014: $4,2002014Assets 2015: $45,839Liabilities 2015: $2,1892015Assets 2016: $36,636Liabilities 2016: $1,121Net Assets 2016: $35,5152016Assets 2017: $82,957Liabilities 2017: $2,064Net Assets 2017: $80,8932017Assets 2018: $73,595Liabilities 2018: $2,494Net Assets 2018: $71,1012018Assets 2019: $74,443Liabilities 2019: $4,538Net Assets 2019: $69,9052019Assets 2020: $103,299Liabilities 2020: $4,366Net Assets 2020: $98,9332020Assets 2021: $96,834Liabilities 2021: $3,338Net Assets 2021: $93,4962021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$73,595
Liabilities$2,494
Net Assets$71,101

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $180,519Expenses 2011: $154,436Net Income 2011: $26,0832011Revenue 2012: $129,129Expenses 2012: $136,327Net Income 2012: -$7,1982012Revenue 2013: $108,421Expenses 2013: $129,490Net Income 2013: -$21,0692013Revenue 2014: $113,584Expenses 2014: $118,711Net Income 2014: -$5,1272014Revenue 2015: $106,499Expenses 2015: $112,929Net Income 2015: -$6,4302015Revenue 2016: $78,174Expenses 2016: $86,309Net Income 2016: -$8,1352016Revenue 2017: $122,891Expenses 2017: $77,513Net Income 2017: $45,3782017Revenue 2018: $116,021Expenses 2018: $125,445Net Income 2018: -$9,4242018Revenue 2019: $93,647Expenses 2019: $94,842Net Income 2019: -$1,1952019Revenue 2020: $122,184Expenses 2020: $93,157Net Income 2020: $29,0272020Revenue 2021: $111,739Expenses 2021: $117,178Net Income 2021: -$5,4392021Revenue 2022: $35,663Expenses 2022: $35,663Net Income 2022: $02022

Highlighted filing

2018

Revenue$116,021
Expenses$125,445
Net Income-$9,424
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$162,746
Mission and Program Overview

Mission

Promote historic preservation of downtown henderson, ky.

Program Services

DescriptionGrantsExpenses
PROMOTE THE HISTORIC PRESERVATION OF DOWNTOWN HENDERSON, KY AND LESSEN THE BURDEN OF THE CITY GOVERNMENT BY DISTRIBUTING INFORMATION, HOLDING MEETINGS AND SPONSORING ACTIVITIES FOR THE DOWNTOWN AREA.-$99,522
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDSAY LOCASTOExecutive DiFT$32,362-$32,362
GREG GIBSONChairmanPT$0--
CHRISTY OSBORNChair-Elect-$0--
MISSY VANDERPOOLTreasurer-$0--
CURT HAMILTONSecretary-$0--
ERIC RABERDirector-$0--
BRIAN BISHOPDirector-$0--
DAVID CURLINDirector-$0--
ABBY DIXONDirector-$0--
TARA DIXONDirector-$0--
JAYME FLOYDDirector-$0--
KELSEY HARGISDirector-$0--
CHARLES MCCOLLUMDirector-$0--
GREG MULLINSDirector-$0--
JANETH NICOLASDirector-$0--
CHUCK STINNETDirector-$0--
QUINN THOMASDirector-$0--
AUSTIN VOWELSDirector-$0--
SEAN WILDERDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner on the R$10,791$10,791$8,216$2,575
Mothers Day Bru$7,750$7,750$7,664$86
Total Events$18,541$18,541$15,880$2,661
Filing and Contact Details

Filer

Filer Name
Downtown Henderson Project Inc
EIN
61-1288674
Phone
2708270016
Address
101 NORTH WATER STREET SUITE B, HENDERSON, KY 42420

Signing Officer

Name
Greg Gibson
Title
Chairman
Phone
2708270016
Signed
2019-05-09
Discuss with paid preparer
Yes

Preparer

Firm
Kemper CPA Group Llp
Address
PO BOX 676, HENDERSON, KY 42419-0676
Preparer
Joy a Ries
Phone
2708264474
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses general promotions 3,415 handy street strut 739 license & fees 323 office expense 1,612 telephone/cell/internet 1,376 credit card processing 42 dues & subscriptions 165 miscellaneous 873 small business saturday 403 computer web expense 787 meetings & seminars 604 general insurance 4,452 w/c insurance 506 perch expense 51,875 audubon light pole banner 2,681 bluegrass folk 100 non-investment depreciation 369 total 70,322

Form 990-ez, Part I, Line 20

Unrealized loss on securities -368

Form 990-ez, Part II, Line 24

Accounts receivable 3,608 6,852 prepaid expenses and deferred charges 755 0 13,997 13,997 less accumulated depreciation 13,426 13,794 f&m investment account 0 4,394 total 4,934 11,449

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,064 2,494

Raw XML Appendix254 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES GENERAL PROMOTIONS 3,415 HANDY STREET STRUT 739 LICENSE & FEES 323 OFFICE EXPENSE 1,612 TELEPHONE/CELL/INTERNET 1,376 CREDIT CARD PROCESSING 42 DUES & SUBSCRIPTIONS 165 MISCELLANEOUS 873 SMALL BUSINESS SATURDAY 403 COMPUTER WEB EXPENSE 787 MEETINGS & SEMINARS 604 GENERAL INSURANCE 4,452 W/C INSURANCE 506 PERCH EXPENSE 51,875 AUDUBON LIGHT POLE BANNER 2,681 BLUEGRASS FOLK 100 NON-INVESTMENT DEPRECIATION 369 TOTAL 70,322
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED LOSS ON SECURITIES -368
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 3,608 6,852 PREPAID EXPENSES AND DEFERRED CHARGES 755 0 13,997 13,997 LESS ACCUMULATED DEPRECIATION 13,426 13,794 F&M INVESTMENT ACCOUNT 0 4,394 TOTAL 4,934 11,449
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,064 2,494
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/FilingSecurityInformation/IPDt02019-05-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:49:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0370818432
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEMPER CPA GROUP LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 676
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HENDERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0424190676
ReturnHeader/PreparerPersonGrp/PhoneNum02708264474
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOY A RIES
ReturnHeader/ReturnTs02019-05-29T08:49:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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