Nonprofit · EIN 47-4333734
DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION
Tax-exempt · BELMONT, NC 28012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $173,098 | $156,729 | $16,369 | $62,743 | $2,247 | $60,496 |
| June 30, 2024 | 990 | $261,997 | $266,025 | -$4,028 | $47,130 | $3,003 | $44,127 |
| June 30, 2023 | 990 | $164,176 | $165,918 | -$1,742 | $83,566 | $35,411 | $48,155 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $129,192
- Program service revenue
- $43,906
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,794
- Travel
- $1,684
- Program services (functional)
- $145,643
- Management and general (functional)
- $11,086
Balance sheet and other
- Total assets, start of year
- $47,130
- Total assets, end of year
- $62,743
- Total liabilities, end of year
- $2,247
- Net assets, end of year
- $60,496
- Net assets without donor restrictions
- $60,496
- Gross receipts
- $173,098
- Employees
- 0
- Volunteers
- 80
- Year formed
- 2015
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CASSIDY LACKEY | COMMUNITY DE Trustee or director | 40 | $0 | $84,311 |
| AMY BOSSARD | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KATIE BRADLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KELLY GLANTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM HEFFERAN | CITY COUNCIL Trustee or director | 2 | $0 | $0 |
| WENDY HOSTETLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KEVIN KROUSE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SUSAN MARTELLO | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SETH SHERRIN | ORGANIZATION Trustee or director | 2 | $0 | $0 |
| ELIZABETH SIMCOX | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ALEX SZUCS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AL WALL | EVC CO- CHAI Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY BOSSARD | DESIGN COMMI Trustee or director | 2 | $0 |
| JENNIFER CHURCH | CHAIR Trustee or director, Officer | 2 | $0 |
| KELLY GLANTZ | ORGANIZATION Trustee or director | 2 | $0 |
| JIM HEFFERAN | APPT. COUNCI Trustee or director | 2 | $0 |
| JOE JORDAN | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| KEVIN KROUSE | SECRETARY Trustee or director, Officer | 2 | $0 |
| CASSIDY LACKEY | COMMUNITY DE Trustee or director | 40 | $0 |
| SUSAN MARTELLO | BOARD MEMBER Trustee or director | 2 | $0 |
| SETH SHERRIN | ORGANIZATION Trustee or director | 2 | $0 |
| ELIZABETH SIMCOX | TREASURER Trustee or director, Officer | 2 | $0 |
| ALEX SZUCS | BOARD MEMBER Trustee or director | 2 | $0 |
| AL WALL | EVC CO- CHAI Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL BOGGAN | DOWNTOWN DIR Trustee or director | 40 | $0 |
| AMY BOSSARD | DESIGN COMMI Trustee or director | 2 | $0 |
| JENNIFER CHURCH | CHAIR Trustee or director, Officer | 2 | $0 |
| KELLY GLANTZ | ORGANIZATION Trustee or director | 2 | $0 |
| JIM HEFFERAN | APPT. COUNCI Trustee or director | 2 | $0 |
| JOE JORDAN | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| KEVIN KROUSE | SECRETARY Trustee or director, Officer | 2 | $0 |
| SUSAN MARTELLO | BOARD MEMBER Trustee or director | 2 | $0 |
| EMILIE RUDISILL | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MARC SEELINGER | APPT. COUNCI Trustee or director | 2 | $0 |
| SETH SHERRIN | ORGANIZATION Trustee or director | 2 | $0 |
| ELIZABETH SIMCOX | TREASURER Trustee or director, Officer | 2 | $0 |
| AL WALL | EVC CO- CHAI Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 431, BELMONT, NC 28012-0431
- Mailing address (990-N for 2015)
- PO Box 431, Belmont NC 28012
- Principal officer (990 for 2024)
- ELIZABETH SIMCOX, PO BOX 431, BELMONT, NC 28012
- Principal officer (990-N for 2015)
- Jonathan Taylor, 25 N Main Street, Belmont NC 28012
- Signed the 990
- CASSIDY LACKEY, COMMUNITY DEVELOPMEN
- Phone
- (704) 901-2082
- Website
- DOWNTOWNBELMONT.ORG
- Return prepared by
- MCCANNON ROGERS DRISCOLL & ASSOC LLP
Mission
TO FURTHER ADVANCE THE ECONOMIC, AESTHETIC AND CULTURAL ENVIRONMENT OF HISTORIC DOWNTOWN BELMONT, NC.
Program accomplishments
- SUMMER CONCERT SERIES INCLUDING FRIDAY NIGHT LIVE AND SOUNDTRACKS. DOWNTOWN BELMONT IS AMPLIFIED WITH LIVE MUSIC EVERY OTHER FRIDAY NIGHT STARTING IN LATE APRIL THROUGH JULY 4TH. THE DBDA HOLDS THESE CONCERTS FOR THE COMMUNITY AND BRINGS IN A DIVERSE LINE UP OF MUSIC EVERY YEAR. THESE SUMMER CONCERTS ARE EXTREMELY POPULAR, KID FRIENDLY, AND DRAW THOUSANDS OF SPECTATORS INTO DOWNTOWN. IN ADDITION TO THE FRIDAY NIGHT CONCERTS, DBDA HOSTS A CHRISTMAS FESTIVAL AS WELL AS OTHER COMMUNITY EVENTS.Expenses $138,958
- GRANTS TO LOCAL BUSINESSESExpenses $6,685
- ALL OTHER EVENTS
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4333734
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A99)
- Assets (IRS master file)
- $62,743
- Income (IRS master file)
- $173,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $173,098 | $156,729 | $62,743 | IRS |
| 990 | June 2024 | $261,997 | $266,025 | $47,130 | XML |
| 990 | June 2023 | $164,176 | $165,918 | $83,566 | XML |
| 990 | June 2022 | $257,249 | $222,676 | $53,665 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2015 Officer: Jonathan Taylor | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-4333734).
Questions about DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION
- What is the EIN of DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION?
- The employer identification number (EIN) of DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION is 47-4333734.
- Is DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION 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 BELMONT DEVELOPMENT ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION?
- The 990 for the year ended June 30, 2025 names ELIZABETH SIMCOX.
- Who are the officers and directors of DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $173,098, expenses of $156,729 and total assets of $62,743 at year end.
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All nonprofits in BELMONT · North Carolina · Arts, culture and humanities