Nonprofit · EIN 56-1142598
DOWNTOWN GOLDSBORO DEVELOPMENT CORP
Tax-exempt · GOLDSBORO, NC 27530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $472,069 | $156,768 | $315,301 | $1,281,197 | $393,517 | $887,680 |
| June 30, 2024 | 990 | $209,884 | $182,300 | $27,584 | $976,534 | $404,155 | $572,379 |
| June 30, 2023 | 990 | $141,520 | $145,979 | -$4,459 | $962,063 | $417,268 | $544,795 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $384,407
- of which government grants
- $300,000
- Membership dues
- $2,178
- Program service revenue
- $47,119
- Investment income
- $17,441
- Other revenue
- $23,102
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,783
- Occupancy
- $20,928
- Depreciation
- $19,619
- Program services (functional)
- $156,768
Balance sheet and other
- Total assets, start of year
- $976,534
- Total assets, end of year
- $1,281,197
- Total liabilities, end of year
- $393,517
- Net assets, end of year
- $887,680
- Land, buildings and equipment
- $637,857
- Publicly traded securities
- $139,897
- Gross receipts
- $472,069
- Employees
- 0
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 |
|---|---|---|---|
| LIZA GOVAN | VICE PRESIDE Trustee or director, Officer | – | $0 |
| GRAYSON HUSSEY | PRESIDENT Trustee or director, Officer | – | $0 |
| ANGELA JACKSON | TREASURER Trustee or director, Officer | – | $0 |
| DOUG MCGRATH | PAST PRESIDE Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIZA GOVAN | VICE PRESIDE Trustee or director, Officer | – | $0 |
| GRAYSON HUSSEY | PRESIDENT Trustee or director, Officer | – | $0 |
| ANGELA JACKSON | TREASURER Trustee or director, Officer | – | $0 |
| DOUG MCGRATH | PAST PRESIDE Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIZA GOVAN | VICE PRESIDE Trustee or director, Officer | – | $0 |
| GRAYSON HUSSEY | PRESIDENT Trustee or director, Officer | – | $0 |
| ANGELA JACKSON | TREASURER Trustee or director, Officer | – | $0 |
| DOUG MCGRATH | PAST PRESIDE Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 116 N CENTER ST, GOLDSBORO, NC 27530-3621
- Principal officer (990 for 2024)
- GRAYSON HUSSEY, 1210 PARK AVE A, GOLDSBORO, NC 27530
- Signed the 990
- ERIN FONSECA, DIRECTOR
- Phone
- (919) 735-4959
- Website
- WWW.DGDC.ORG
- Return prepared by
- MARKHAM MITCHELL & STROUD PLLC
Mission
PROVIDE LEADERSHIP DEDICATED TO THE IMPROVEMENT OF DOWNTOWN GOLDSBORO BY CREATING AND FACILITATING DOWNTOWN DEVELOPMENT, PROMOTION AND PRESERVATION ACTIVITIES. STRIVE TO ENHANCE THE APPEARANCE, DESIRABILITY AND VITALITY OF DOWNTOWN GOLDSBORO.
Program accomplishments
- ENHANCE THE APPEARANCE, DESIRABILITY AND VITATLITY OF DOWNTOWN GOLDSBORO.Expenses $156,768 · revenue $47,119
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
- 56-1142598
- 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
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $1,281,197
- Income (IRS master file)
- $472,069
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $472,069 | $156,768 | $1,281,197 | XML |
| 990 | June 2024 | $209,884 | $182,300 | $976,534 | XML |
| 990 | June 2023 | $141,520 | $145,979 | $962,063 | XML |
| 990 | June 2022 | $143,180 | $141,737 | $976,098 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-EZ | June 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 56-1142598).
Questions about DOWNTOWN GOLDSBORO DEVELOPMENT CORP
- What is the EIN of DOWNTOWN GOLDSBORO DEVELOPMENT CORP?
- The employer identification number (EIN) of DOWNTOWN GOLDSBORO DEVELOPMENT CORP is 56-1142598.
- Is DOWNTOWN GOLDSBORO DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to DOWNTOWN GOLDSBORO DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN GOLDSBORO DEVELOPMENT CORP 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 GOLDSBORO DEVELOPMENT CORP 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 GOLDSBORO DEVELOPMENT CORP 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 GOLDSBORO DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 names GRAYSON HUSSEY.
- Who are the officers and directors of DOWNTOWN GOLDSBORO DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN GOLDSBORO DEVELOPMENT CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $472,069, expenses of $156,768 and total assets of $1,281,197 at year end.
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All nonprofits in GOLDSBORO · North Carolina · Community improvement and capacity building