Civic Intelligence

Downtown Gadsden Inc.

990 • Fiscal year 2019 • EIN 63-1086636

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 20, 2020

PO Box 8501Gadsden, AL 35902

(256) 547-8696

Siviq Scores

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

Liabilities / Assets

84th percentile

0.23x

Higher debt load relative to assets than 84% of similar nonprofits.

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

Liabilities / Revenue

77th percentile

0.04x

Higher debt load relative to revenue than 77% of similar nonprofits.

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

Net Margin

42nd percentile

0.3%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

95th percentile

$64,742

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 29.6% of source-year revenue.

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

Asset Growth

51st percentile

2.6%

Faster asset growth than 51% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-14%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$41,726

Up $1,043 (+2.6%) from 2018

Net Assets

Up

$32,153

Up $688 (+2.2%) from 2018

Liabilities

Up

$9,573

Up $355 (+3.9%) from 2018

Revenue

Down

$218,921

Down $36,695 (-14%) from 2018

Expenses

Down

$218,233

Down $37,998 (-15%) from 2018

Net Income

Up

$688

Up $1,303 (+212%) from 2018

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2011: $31,644Liabilities 2011: $2,6932011Assets 2012: $33,637Liabilities 2012: $4,528Net Assets 2012: $29,1092012Assets 2013: $34,542Liabilities 2013: $5,440Net Assets 2013: $29,1022013Assets 2014: $38,149Liabilities 2014: $9,077Net Assets 2014: $29,0722014Assets 2015: $33,319Liabilities 2015: $4,522Net Assets 2015: $28,7972015Assets 2016: $38,381Liabilities 2016: $7,687Net Assets 2016: $30,6942016Assets 2017: $39,552Liabilities 2017: $7,472Net Assets 2017: $32,0802017Assets 2018: $40,683Liabilities 2018: $9,218Net Assets 2018: $31,4652018Assets 2019: $41,726Liabilities 2019: $9,573Net Assets 2019: $32,1532019Assets 2020: $61,810Liabilities 2020: $9,901Net Assets 2020: $51,9092020Assets 2021: $64,009Liabilities 2021: $8,709Net Assets 2021: $55,3002021Assets 2022: $80,474Liabilities 2022: $6,255Net Assets 2022: $74,2192022Assets 2023: $76,348Liabilities 2023: $3,464Net Assets 2023: $72,8842023Assets 2024: $74,680Liabilities 2024: $3,427Net Assets 2024: $71,2532024

Highlighted filing

2019

Assets$41,726
Liabilities$9,573
Net Assets$32,153

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $152,470Expenses 2011: $151,430Net Income 2011: $1,0402011Revenue 2012: $161,273Expenses 2012: $161,115Net Income 2012: $1582012Revenue 2013: $156,978Expenses 2013: $156,985Net Income 2013: -$72013Revenue 2014: $165,177Expenses 2014: $165,207Net Income 2014: -$302014Revenue 2015: $164,444Expenses 2015: $164,719Net Income 2015: -$2752015Revenue 2016: $240,606Expenses 2016: $238,709Net Income 2016: $1,8972016Revenue 2017: $206,492Expenses 2017: $205,106Net Income 2017: $1,3862017Revenue 2018: $255,616Expenses 2018: $256,231Net Income 2018: -$6152018Revenue 2019: $218,921Expenses 2019: $218,233Net Income 2019: $6882019Revenue 2020: $163,384Expenses 2020: $143,628Net Income 2020: $19,7562020Revenue 2021: $160,520Expenses 2021: $157,129Net Income 2021: $3,3912021Revenue 2022: $193,240Expenses 2022: $174,321Net Income 2022: $18,9192022Revenue 2023: $201,684Expenses 2023: $203,019Net Income 2023: -$1,3352023Revenue 2024: $270,824Expenses 2024: $272,455Net Income 2024: -$1,6312024

Highlighted filing

2019

Revenue$218,921
Expenses$218,233
Net Income$688
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 20, 2020
Return Version
2019v5.1
Gross Receipts
$218,921
Mission and Program Overview

Mission

Downtown gadsden revitalization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,277$41,494▲ $1,217
Land, Buildings, and Equipment, Net$406$232▼ $174
Total Assets$40,683$41,726▲ $1,043
Liabilities
Accounts Payable and Accrued Expenses$9,218$9,573▲ $355
Total Liabilities$9,218$9,573▲ $355
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,465$32,153▲ $688
Total Net Assets Fund Balance$31,465$32,153▲ $688
Total Liabilities and Net Assets / Fund Balance$40,683$41,726▲ $1,043

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$232$53,873$54,105
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kay MooreExecutive DirectorFT$64,742$64,742

Board Members and Trustees

NameTitle
Catherine MartinPresident
Spencer WilliamsVice President
Carole WilliamsDirector
Jack PageDirector
Jami GrimesDirector
John LangloisDirector
Lynn MccainDirector
Michele AtkinsDirector
Rhonda TurnerDirector
Robert SmithDirector
Shane EllisonDirector
Syndee IsbellDirector
Tripp CollinsDirector
Judy RubelSecretary
Kevin PhillipsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$218,921
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$112,400
Change in Net Assets
$688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,034
Salaries, Compensation, and Employee Benefits$102,199
Total Fundraising Expense$12,001
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,490$6,474$6,474$64,438
Other Salaries and Wages$24,141$3,017$3,017$30,175
All Other Expenses$9,621$1,682$1,200$12,503
Payroll Taxes$5,790$724$724$7,238
Fees for Services Accounting$0$4,283$0$4,283
Insurance$0$1,843$0$1,843
Other Employee Benefits$278$35$35$348
Other Expenses$0$242$0$242
Depreciation Depletion$0$174$0$174
Total Functional Expenses$187,207$19,025$12,001$218,233
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
Yes
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Downtown Gadsden Inc
EIN
63-1086636
Phone
2565478696
Address
PO BOX 8501, GADSDEN, AL 35902

Signing Officer

Name
Kay Moore
Title
Executive Director
Phone
2565478696
Signed
2020-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kay Moore
Formed
1994
Legal Domicile
Al
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
30

Preparer

Firm
Parr Consulting LLC
Address
611 SOUTH FOURTH STREET, GADSDEN, AL 35901
Preparer
John a Parr CPA
Phone
2565464059
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The directors are emailed a copy of the 990 and given 10 days to review and ask any questions.

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IRS990/PayrollTaxesGrp/FundraisingAmt0724
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0724
IRS990/PayrollTaxesGrp/ProgramServicesAmt05790
IRS990/PayrollTaxesGrp/TotalAmt07238
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KAY MOORE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0255616
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0160048
IRS990/PYOtherRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-615
IRS990/PYSalariesCompEmpBnftPaidAmt096183
IRS990/PYTotalExpensesAmt0256231
IRS990/PYTotalRevenueAmt0255616
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0688
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0218921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0255616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0240606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0240606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0164444
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01120193
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01120193
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0218921
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0255616
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0240606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0240606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0164444
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01120193
IRS990ScheduleA/TotalSupportAmt01120193
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/EquipmentGrp/BookValueAmt0232
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053873
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054105
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0232
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTORS ARE EMAILED A COPY OF THE 990 AND GIVEN 10 DAYS TO REVIEW AND ASK ANY QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt040683
IRS990/TotalAssetsEOYAmt041726
IRS990/TotalAssetsGrp/BOYAmt040683
IRS990/TotalAssetsGrp/EOYAmt041726
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0218921
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012001
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019025
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187207
IRS990/TotalFunctionalExpensesGrp/TotalAmt0218233
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09218
IRS990/TotalLiabilitiesEOYAmt09573
IRS990/TotalLiabilitiesGrp/BOYAmt09218
IRS990/TotalLiabilitiesGrp/EOYAmt09573
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031465
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt032153
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0187207
IRS990/TotalReportableCompFromOrgAmt064742
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0218921
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041726
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0635 BROAD ST
IRS990/USAddress/CityNm0GADSDEN
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035901

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.03$0.71$2.71$2.72$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.03$0.73$2.02$2.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.06$0.74$1.93$1.74$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.09$0.55$1.61$1.57$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.10$0.52$1.63$1.44$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.10$0.32$2.19$2.18$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.09$0.31$2.56$2.56$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.07$0.32$2.06$2.05$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.08$0.31$2.41$2.39$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.05$0.29$1.64$1.65$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.09$0.29$1.65$1.65$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.29$1.57$1.57$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.05$0.29$1.61$1.61$0.00
2011Summary only. Only limited summary data is available for this year.$0.32$0.03$1.52$1.51$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • <$500k nonprofits