Nonprofit · EIN 54-1829693
DOWNTOWN LYNCHBURG ASSOCIATION
Tax-exempt · LYNCHBURG, VA 24504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $438,836 | $528,949 | -$90,113 | $634,736 | $424,053 | $210,683 |
| December 31, 2023 | 990 | $743,786 | $669,550 | $74,236 | $633,794 | $279,532 | $354,262 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $171,726
- Program service revenue
- $259,356
- Investment income
- $3,578
- Other revenue
- $4,176
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $192,575
- Salaries, compensation and benefits (total)
- $207,335
- Professional fundraising fees
- $0
- Legal fees
- $250
- Accounting fees
- $13,435
- Depreciation
- $11,401
- Program services (functional)
- $439,179
- Management and general (functional)
- $49,255
- Fundraising (functional)
- $40,515
Balance sheet and other
- Total assets, start of year
- $633,794
- Total assets, end of year
- $634,736
- Total liabilities, end of year
- $424,053
- Net assets, end of year
- $210,683
- Land, buildings and equipment
- $84,131
- Net assets without donor restrictions
- $210,683
- Gross receipts
- $438,836
- Employees
- 4
- Volunteers
- 80
- Year formed
- 1995
- State of legal domicile
- VA
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 |
|---|---|---|---|
| William Cook | Director Trustee or director | 3 | $0 |
| Sandy Lawrence | Treasurer Trustee or director, Officer | 3 | $0 |
| Billy Hansen | Director Trustee or director | 3 | $0 |
| Dave Midkiff | Director Trustee or director | 3 | $0 |
| Don Pendleton | Director Trustee or director | 3 | $0 |
| Ashley Rae Vaughn | Secretary Trustee or director, Officer | 3 | $0 |
| Chris Boswell | President Trustee or director, Officer | 3 | $0 |
| Bill Bodine | Vice President Trustee or director, Officer | 3 | $0 |
| Rick Loving | Director Trustee or director | 3 | $0 |
| Alisha Childress | Director Trustee or director | 3 | $0 |
| Anne Dickerson | Director Trustee or director | 3 | $0 |
| Rachel Frischeisen | Director Trustee or director | 3 | $0 |
| Andrew Gay | Director Trustee or director | 3 | $0 |
| Kim Lankford | Director Trustee or director | 3 | $0 |
| Greg Patrick | City Liaison Trustee or director | 3 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Taylor | Director Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Don Pendleton | Director Trustee or director | 3 | $0 |
| Rick Loving | Director Trustee or director | 3 | $0 |
| Billy Hansen | Director Trustee or director | 3 | $0 |
| Dennis Marcinik | Director Trustee or director | 3 | $0 |
| Wynter Benda | Director Trustee or director | 3 | $0 |
| Bill Bodine | Director Trustee or director | 3 | $0 |
| Brandon Jones | Director Trustee or director | 3 | $0 |
| Brandon Farmer | Director Trustee or director | 3 | $0 |
| David Cook | Director Trustee or director | 3 | $0 |
| Todd Leap | Director Trustee or director | 3 | $0 |
| Court Shipman | Director Trustee or director | 3 | $0 |
| Jannett Spearman | Director Trustee or director | 3 | $0 |
| Dave Midkiff | Vice President Trustee or director, Officer | 3 | $0 |
| Sandy Lawrence | Treasurer Trustee or director, Officer | 3 | $0 |
| Chris Boswell | President Trustee or director, Officer | 3 | $0 |
| Ashley Rae Vaughn | Secretary Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 901 CHURCH ST STE 103, LYNCHBURG, VA 24504-1619
- In care of
- % STACY GARRETT
- Signed the 990
- SANDY LAWRENCE, Treasurer
- Phone
- (434) 485-7251
- Website
- www.downtownlynchburg.com
- Return prepared by
- ABKramer Group LLC
Mission
To create a strong, vibrant and welcoming Downtown with a unique and historic character.
Program accomplishments
- Downtown Lynchburg Association works to create a strong, vibrant, and welcoming downtown with a unique and historic character. Through marketing initiatives, public space improvements, business engagement programs, cultural events, and more, we have and will continue to contribute to the establishment of a strong and vibrant downtown district.Expenses $439,179
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 | 990 on file |
IRS record
- EIN
- 54-1829693
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $634,736
- Income (IRS master file)
- $438,836
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $438,836 | $528,949 | $634,736 | XML |
| 990 | December 2023 | $743,786 | $669,550 | $633,794 | XML |
| 990 | December 2022 | $473,855 | $448,041 | $462,482 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 54-1829693).
Questions about DOWNTOWN LYNCHBURG ASSOCIATION
- What is the EIN of DOWNTOWN LYNCHBURG ASSOCIATION?
- The employer identification number (EIN) of DOWNTOWN LYNCHBURG ASSOCIATION is 54-1829693.
- Is DOWNTOWN LYNCHBURG ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to DOWNTOWN LYNCHBURG ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN LYNCHBURG 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 LYNCHBURG ASSOCIATION 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 LYNCHBURG ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of DOWNTOWN LYNCHBURG ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN LYNCHBURG ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $438,836, expenses of $528,949 and total assets of $634,736 at year end.
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All nonprofits in LYNCHBURG · Virginia · Community improvement and capacity building