Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Asheville Design District
990EZ • Fiscal year 2024 • EIN 88-0957294
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.86x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
98th percentile
Higher net margin than 98% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Balance Sheet
Assets
Up$2,532
Up $1,356 (+115%) from 2023
Net Assets
Up-$2,180
Up $2,371 (+52%) from 2023
Liabilities
Down$4,712
Down $1,015 (-18%) from 2023
Revenue And Expenses
Revenue
Down$2,606
Down $1,295 (-33%) from 2023
Expenses
Down$235
Down $14,983 (-98%) from 2023
Net Income
Up$2,371
Up $13,688 (+121%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 29, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $2,606
Mission and Program Overview
Mission
The purpose behind creating the asheville design district is to encourage job growth, boost tourism, and stimulate sales for the 60+ businesses that currently operate in this footprint in the fields of design, building, and furnishing. The secondary purpose for creating a design district is to encourage re-development in the economic opportunity zone that was established along the banks of the sweeten creek and swannanoa rivers leading into biltmore village, and to encourage new businesses to relocate to the area and assist in transforming the landscape.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| IN 2024, ASHEVILLE DESIGN DISTRICT HAS ACCOMPLISHED SPREADING AWARENESS AND GETTING TOURISTS AND DESIGN BRICK AND MORTAR STORES TO THE ASHEVILLE DESIGN DISTRICT AREA. WE CURRENTLY MARKET TO ASHEVILLE AND ALL SURROUNDING AREAS. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SEAN SULLIVAN | Director | - | $0 | - | - |
| LAURA SULLIVAN | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Asheville Design District
- EIN
- 88-0957294
- Phone
- 8287687812
- Address
- 121 SWEETEN CREEK RD STE 50, ASHEVILLE, NC 28803
Signing Officer
- Name
- Sean Sullivan
- Title
- Director
- Phone
- 8287687812
- Signed
- 2025-05-29
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Franklin Freeman CPA Pllc
- Address
- 1998 HENDERSONVILLE RD STE 14, ASHEVILLE, NC 28803-2192
- Preparer
- Steven D Franklin
- Phone
- 8286844501
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses marketing 235 total 235”
Form 990-ez, Part II, Line 24
“Accounts receivable 0 100 total 0 100”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 5,727 4,712”
Form 990-ez, Part III
“The purpose behind creating the asheville design district is to encourage job growth, boost tourism, and stimulate sales for the 60+ businesses that currently operate in this footprint in the fields of design, building, and furnishing. The secondary purpose for creating a design district is to encourage re-development in the economic opportunity zone that was established along the banks of the sweeten creek and swannanoa rivers leading into biltmore village, and to encourage new businesses to relocate to the area and assist in transforming the landscape.”
Raw XML Appendix95 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KAREN TURNER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8287687812 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 121 SWEETEN CREEK RD STE 50 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ASHEVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28803 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 1176 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 2432 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 2605 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2371 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 1176 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 2532 |
| IRS990EZ/GrossReceiptsAmt | 0 | 2606 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -4551 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -2180 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -4551 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -2180 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SEAN SULLIVAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LAURA SULLIVAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 100 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 235 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PURPOSE BEHIND CREATING THE ASHEVILLE DESIGN DISTRICT IS TO ENCOURAGE JOB GROWTH, BOOST TOURISM, AND STIMULATE SALES FOR THE 60+ BUSINESSES THAT CURRENTLY OPERATE IN THIS FOOTPRINT IN THE FIELDS OF DESIGN, BUILDING, AND FURNISHING. THE SECONDARY PURPOSE FOR CREATING A DESIGN DISTRICT IS TO ENCOURAGE RE-DEVELOPMENT IN THE ECONOMIC OPPORTUNITY ZONE THAT WAS ESTABLISHED ALONG THE BANKS OF THE SWEETEN CREEK AND SWANNANOA RIVERS LEADING INTO BILTMORE VILLAGE, AND TO ENCOURAGE NEW BUSINESSES TO RELOCATE TO THE AREA AND ASSIST IN TRANSFORMING THE LANDSCAPE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | IN 2024, ASHEVILLE DESIGN DISTRICT HAS ACCOMPLISHED SPREADING AWARENESS AND GETTING TOURISTS AND DESIGN BRICK AND MORTAR STORES TO THE ASHEVILLE DESIGN DISTRICT AREA. WE CURRENTLY MARKET TO ASHEVILLE AND ALL SURROUNDING AREAS. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5727 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 4712 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 235 |
| IRS990EZ/TotalRevenueAmt | 0 | 2606 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | ASHEVILLEDESIGNDISTRICT.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES MARKETING 235 TOTAL 235 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 0 100 TOTAL 0 100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 5,727 4,712 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE PURPOSE BEHIND CREATING THE ASHEVILLE DESIGN DISTRICT IS TO ENCOURAGE JOB GROWTH, BOOST TOURISM, AND STIMULATE SALES FOR THE 60+ BUSINESSES THAT CURRENTLY OPERATE IN THIS FOOTPRINT IN THE FIELDS OF DESIGN, BUILDING, AND FURNISHING. THE SECONDARY PURPOSE FOR CREATING A DESIGN DISTRICT IS TO ENCOURAGE RE-DEVELOPMENT IN THE ECONOMIC OPPORTUNITY ZONE THAT WAS ESTABLISHED ALONG THE BANKS OF THE SWEETEN CREEK AND SWANNANOA RIVERS LEADING INTO BILTMORE VILLAGE, AND TO ENCOURAGE NEW BUSINESSES TO RELOCATE TO THE AREA AND ASSIST IN TRANSFORMING THE LANDSCAPE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SEAN SULLIVAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8287687812 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ASHEVILLE DESIGN DISTRICT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ASHE |
| ReturnHeader/Filer/EIN | 0 | 880957294 |
| ReturnHeader/Filer/PhoneNum | 0 | 8287687812 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 121 SWEETEN CREEK RD STE 50 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ASHEVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28803 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 260287984 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | FRANKLIN FREEMAN CPA PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1998 HENDERSONVILLE RD STE 14 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ASHEVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 288032192 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8286844501 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STEVEN D FRANKLIN |
| ReturnHeader/ReturnTs | 0 | 2025-05-29T16:40:29-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $2,532
- Liabilities
- $4,712
- Net assets
- -$2,180
- Revenue
- $2,606
- Expenses
- $235
- Net income
- $2,371