Nonprofit · EIN 45-1796085
DOWNTOWN TAUNTON FOUNDATION INC
Tax-exempt (reinstated) · TAUNTON, MA 02780
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $86,197 | $110,598 | -$24,401 | $54,383 | $46,928 | $7,455 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,682
- Membership dues
- $825
- Program service revenue
- $72,865
- Investment income
- $0
- Other revenue
- $1,650
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $400
- Accounting fees
- $812
- Occupancy
- $2,400
- Program services (functional)
- $102,305
- Management and general (functional)
- $8,293
Balance sheet and other
- Total assets, start of year
- $36,459
- Total assets, end of year
- $54,383
- Total liabilities, end of year
- $46,928
- Net assets, end of year
- $7,455
- Net assets without donor restrictions
- $7,455
- Gross receipts
- $86,197
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- MA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD SHAFER | DIRECTOR Trustee or director | 1 | $0 |
| LISA LASSITER | TREASURER Officer | 5 | $0 |
| GRETA FERREIRA | VICE PRESIDENT Officer | 1 | $0 |
| CAROL DOHERTY | DIRECTOR Trustee or director | 1 | $0 |
| STEVE ROGERS | DIRECTOR Trustee or director | 1 | $0 |
| PHIL DUARTE | DIRECTOR Trustee or director | 1 | $0 |
| MARY WASYLYK | DIRECTOR Trustee or director | 1 | $0 |
| MIKE WEDGE | PRESIDENT Officer | 5 | $0 |
| JAMIE KELLEY | CLERK Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8 TRESCOTT ST, TAUNTON, MA 02780-3276
- In care of
- % TERI BERNERT
- Principal officer (990 for 2024)
- COLLEEN SIMMONS, 8 TRESCOTT ST, TAUNTON, MA 02780
- Signed the 990
- COLLEEN SIMMONS, EXECUTIVE DIRECTOR
- Phone
- (508) 824-0484
- Return prepared by
- Darosa Tax And Business Services Inc
Mission
THE ORGANIZATION ENGAGES IN INITIATIVES THAT PROMOTE GROWTH AND IMPROVE QUALITY OF LIFE IN DOWNTOWN TAUNTON, MA, INCLUDING ARTS AND CULTURAL PROGRAMMING, CREATIVE ECONOMIC DEVELOPMENT, AND HOUSING AND MIXED-USE REAL ESTATE PROJECTS.
Program accomplishments
- THE ORGANIZATION ENGAGES IN INITIATIVES THAT PROMOTE GROWTH AND IMPROVE QUALITY OF LIFE IN DOWNTOWN TAUNTON, MA, INCLUDING ARTS AND CULTURAL PROGRAMMING, CREATIVE ECONOMIC DEVELOPMENT, AND HOUSING AND MIXED-USE REAL ESTATE PROJECTS.Expenses $102,305
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 45-1796085
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $54,383
- Income (IRS master file)
- $86,197
Revocation and reinstatement
- Exemption revoked
- May 15, 2024
- Posted by the IRS
- August 12, 2024
- Reinstated
- Effective May 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $86,197 | $110,598 | $54,383 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 45-1796085).
Questions about DOWNTOWN TAUNTON FOUNDATION INC
- What is the EIN of DOWNTOWN TAUNTON FOUNDATION INC?
- The employer identification number (EIN) of DOWNTOWN TAUNTON FOUNDATION INC is 45-1796085.
- Is DOWNTOWN TAUNTON FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
- Are donations to DOWNTOWN TAUNTON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN TAUNTON FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DOWNTOWN TAUNTON FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN TAUNTON FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNTOWN TAUNTON FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names COLLEEN SIMMONS.
- Who are the officers and directors of DOWNTOWN TAUNTON FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN TAUNTON FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $86,197, expenses of $110,598 and total assets of $54,383 at year end.
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