Nonprofit · EIN 26-3590676
DOWNTOWN AMARILLO INC
Tax-exempt · AMARILLO, TX 79101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $11,000 | $1,538 | $9,462 | $9,717 | $33,000 | -$23,283 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $11,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,538
Balance sheet and other
- Total assets, start of year
- $11,045
- Total assets, end of year
- $9,717
- Total liabilities, end of year
- $33,000
- Net assets, end of year
- -$23,283
- Gross receipts
- $11,000
- Employees
- 0
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM J BREWER | CHAIRMAN Officer | – | $0 |
| SAMUEL B LOVELADY | TREASURER Officer | – | $0 |
| RICHARD WARE | MEMBER Trustee or director | – | $0 |
| ANDREW HALL | VICE CHAIRMA Trustee or director | – | $0 |
| DAVID HUDSON | MEMBER Trustee or director | – | $0 |
| HOWIE BATSON | MEMBER Trustee or director | – | $0 |
| JASON HERRICK | MEMBER Trustee or director | – | $0 |
| KEVIN NELSON | MEMBER Trustee or director | – | $0 |
| PAUL MATNEY | MEMBER Trustee or director | – | $0 |
| RICHARD BROWN | MEMBER Trustee or director | – | $0 |
| STACY SHARP | MEMBER Trustee or director | – | $0 |
| TONYA MILAM | MEMBER Trustee or director | – | $0 |
| RON BOYD | MEMBER Trustee or director | – | $0 |
| STEVE DALRYMPLE | MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 801 S FILLMORE ST STE 420, AMARILLO, TX 79101-3520
- In care of
- % MELISSA DAILEY
- Mailing address (990-N for 2019)
- PO Box 15108, Amarillo TX 79105
- Principal officer (990 for 2023)
- JIM J BREWER, 619 S TYLER STE 100, AMARILLO, TX 79101
- Principal officer (990-N for 2019)
- Sam Lovelady, PO Box 15108, Amarillo TX 79101
- Signed the 990
- JIM J BREWER, CHAIRMAN
- Phone
- (806) 350-3581
- Return prepared by
- LPT CPAS ADVISORS PLLC
Mission
DOWNTOWN AMARILLO, INC. IS COMMITTED TO MAKING DOWNTOWN AMARILLO A VIBRANT AND ATTRACTIVE PLACE.
Program accomplishments
- DOWNTOWN AMARILLO INC. BORROWED 350,000 FROM AMARILLO NATIONAL BANK IN AUGUST 2019. THE FUNDS WERE USED TO PURCHASE LOTS AT 500 S. PARKER AND 1601-1628 SW 5TH IN AMARILLO WHICH WERE SHORTLY THEREAFTER CONTRIBUTED TO THE CITY OF AMARILLO. THE CITY PLANS TO BUILD AN INTERMODAL TRANSPORTATION FACILITY ON THE PROPERTY. GRANTS AND OTHER FUNDING ARE CURRENTLY BEING SOUGHT TO DO SO. THIS CENTER WILL ALLOW FOR BUS OPERATIONS AND TRAFFIC WHICH ARE CURRENTLY HOUSED IN AND ORIGINATING FROM A BUILDING TO BE MOVED TO THE NEW FACILITY. THIS WILL FURTHER THE MISSION OF DOWNTOWN AMARILLO INC. BY MAKING THIS HISTORIC BUILDING AVAILABLE FOR MORE BENEFICIAL USES. DURING FYE 9/30/24 THE AMARILLO AREA FOUNDATION MADE GRANTS IN THE AMOUNT OF 11,000 TO HELP RETIRE THE DEBT.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | Not on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 26-3590676
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- September
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $9,717
- Income (IRS master file)
- $11,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $50,000 | $6,444 | $11,045 | IRS |
| 990 | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Sam Lovelady | September 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | September 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about DOWNTOWN AMARILLO INC
- What is the EIN of DOWNTOWN AMARILLO INC?
- The employer identification number (EIN) of DOWNTOWN AMARILLO INC is 26-3590676.
- Is DOWNTOWN AMARILLO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
- Are donations to DOWNTOWN AMARILLO INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DOWNTOWN AMARILLO INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DOWNTOWN AMARILLO INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN AMARILLO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of DOWNTOWN AMARILLO INC?
- The 990 for the year ended September 30, 2024 names JIM J BREWER.
- Who are the officers and directors of DOWNTOWN AMARILLO INC?
- The 990 for the year ended September 30, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN AMARILLO INC have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $11,000, expenses of $1,538 and total assets of $9,717 at year end.
Other nonprofits in AMARILLO
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- AMARILLO TRIBUNE EIN 92-2260490 · last filed 990 for 2025
- CENTER CITY OF AMARILLO INC EIN 75-2548311 · last filed 990 for 2025
- INDEPENDENT ELECTRICAL CONTRACTORS INC EIN 75-2743603 · last filed 990-EZ for 2024
- CAMARA DE COMERCIO HISPANA DE AMARILLO EIN 75-2395031 · last filed 990 for 2025
- JUNIOR LEAGUE OF AMARILLO EIN 75-1035793 · last filed 990 for 2025
- SQUARE MILE COMMUNITY DEVELOPMENT EIN 81-3091547 · last filed 990-EZ for 2023
- AMAEXEC ASSOCIATION EIN 20-5999781 · last filed 990 for 2025
All nonprofits in AMARILLO · Texas · Community improvement and capacity building