Civic Intelligence

Down by Downtown Music Inc.

EIN 81-2334271 • 501(c)3 • Roanoke, VA

Pub. 78 Eligible

Profile

To provide local entertainment

22 Kirk Avenue SWRoanoke, VA 24011
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 2024

Liabilities / Revenue

64th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

50th percentile

1.4%

Higher net margin than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

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 2024

Asset Growth

57th percentile

1.7%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$49,554

Up $829 (+1.7%) from 2023

Liabilities

Down

$488

Down $1,970 (-80%) from 2023

Net Assets

Up

$49,066

Up $2,799 (+6.0%) from 2023

Operations
Liabilities / Revenue64th percentileNet Margin50th percentile

Revenue

Up

$194,050

Up $34,356 (+22%) from 2023

Expenses

Up

$191,251

Up $39,748 (+26%) from 2023

Net Income

Down

$2,799

Down $5,392 (-66%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

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

$60K$40K$20K$0Assets 2016: $4,033Liabilities 2016: $3,181Net Assets 2016: $8522016Assets 2017: $16,286Liabilities 2017: $7,185Net Assets 2017: $9,1012017Assets 2018: $16,690Liabilities 2018: $217Net Assets 2018: $16,4732018Assets 2019: $29,107Liabilities 2019: $2,972Net Assets 2019: $26,1352019Assets 2020: $28,952Liabilities 2020: $5,204Net Assets 2020: $23,7482020Assets 2021: $18,469Liabilities 2021: $213Net Assets 2021: $18,2562021Assets 2022: $38,259Liabilities 2022: $183Net Assets 2022: $38,0762022Assets 2023: $48,725Liabilities 2023: $2,458Net Assets 2023: $46,2672023Assets 2024: $49,554Liabilities 2024: $488Net Assets 2024: $49,0662024

Highlighted filing

2024

Assets$49,554
Liabilities$488
Net Assets$49,066
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2016: $81,459Expenses 2016: $85,105Net Income 2016: -$3,6462016Revenue 2017: $99,144Expenses 2017: $90,895Net Income 2017: $8,2492017Revenue 2018: $102,675Expenses 2018: $95,303Net Income 2018: $7,3722018Revenue 2019: $108,077Expenses 2019: $97,516Net Income 2019: $10,5612019Revenue 2020: $66,403Expenses 2020: $68,790Net Income 2020: -$2,3872020Revenue 2021: $68,702Expenses 2021: $74,194Net Income 2021: -$5,4922021Revenue 2022: $179,365Expenses 2022: $159,545Net Income 2022: $19,8202022Revenue 2023: $159,694Expenses 2023: $151,503Net Income 2023: $8,1912023Revenue 2024: $194,050Expenses 2024: $191,251Net Income 2024: $2,7992024

Highlighted filing

2024

Revenue$194,050
Expenses$191,251
Net Income$2,799
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,554
Liabilities
$488
Net assets
$49,066
Revenue
$194,050
Expenses
$191,251
Net income
$2,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.49$1.94$1.91$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.46$1.60$1.52$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$1.79$1.60$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.69$0.74$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.05$0.24$0.66$0.69$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.26$1.08$0.98$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.16$1.03$0.95$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.07$0.09$0.99$0.91$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.03$0.01$0.81$0.85$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 20, 2025
Return Version
2024v5.1
Gross Receipts
$196,405
Mission and Program Overview

Mission

To provide local entertainment

To provide local musical entertainment

Program Services

DescriptionGrantsExpenses
Provide music and entertainment in a small venue for local talent, giving them a stage to perform.-$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles NeelyTreasurer-$0--
Bruce BryanCEO-$0--
John PenceExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Down by Downtown Music Inc
EIN
81-2334271
In Care Of
% Charles Neely
Phone
5403662767
Address
22 Kirk Avenue SW, Roanoke, VA 24011

Signing Officer

Name
Charles Neely
Title
Treasurer
Phone
5403662767
Signed
2025-02-20
Discuss with paid preparer
Yes

Preparer

Firm
Neelys Accounting Services Inc
Address
PO Box 7296, Roanoke, VA 24019
Preparer
Charles Neely CPA
Phone
5403662767
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountRental Income 18,304”

Description of other expenses Part I line 16

“Description AmountAdmissions Tax 3,728ABC Supplies 10,123Business Licenses 4,561 68ABC Licenses 630Supplies 2,877Other Taxes 4,185Travel 1,718Meals 2,174”

Description of other assets Part II line 24

“Category Beginning of Year End of YearDonations Recievable 13,690 0Furniture and Equipment 2,832 22,577Other Adjustments 8,875 0”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearPayroll Liabilities 958 488B2C Enterprises Loan 1,500 0”

Raw XML Appendix169 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/ExplanationTxt0Description AmountRental Income 18,304
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountAdmissions Tax 3,728ABC Supplies 10,123Business Licenses 4,561 68ABC Licenses 630Supplies 2,877Other Taxes 4,185Travel 1,718Meals 2,174
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES NEELY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05403662767
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-20
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ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0812334271
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ReturnHeader/Filer/PhoneNum05403662767
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ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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