Nonprofit · EIN 56-1437860
DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION
Tax-exempt · SMITHFIELD, NC 27577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $304,758 | $292,098 | $12,660 | $375,872 | $141,960 | $233,912 |
| June 30, 2024 | 990 | $213,329 | $175,429 | $37,900 | $222,834 | $1,582 | $221,252 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $299,694
- of which government grants
- $178,076
- Program service revenue
- $0
- Investment income
- $5,064
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $68,682
- Salaries, compensation and benefits (total)
- $74,701
- Professional fundraising fees
- $0
- Accounting fees
- $3,532
- Travel
- $777
- Program services (functional)
- $292,098
Balance sheet and other
- Total assets, start of year
- $222,834
- Total assets, end of year
- $375,872
- Total liabilities, end of year
- $141,960
- Net assets, end of year
- $233,912
- Land, buildings and equipment
- $149,602
- Net assets without donor restrictions
- $233,912
- Gross receipts
- $304,758
- Employees
- 2
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 |
|---|---|---|---|
| NATASHA ARMSTRONG | BOARD MEMBER Trustee or director | 1 | $0 |
| JAN BRANCH | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE DOWD | BOARD MEMBER Trustee or director | 1 | $0 |
| CARTER JONES | SECRETARY Trustee or director | 1 | $0 |
| KAY KENNEDY | BOARD MEMBER Trustee or director | 1 | $0 |
| JOELINA LANDA | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRIS LOPEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIA NARRON | BOARD MEMBER Trustee or director | 1 | $0 |
| DONALD O'MEARA | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| MARY REECE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KATIE SMITH | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ANDREW WAGNER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BARBOUR | BOARD MEMBER Trustee or director | – | $0 |
| JAN BRANCH | BOARD MEMBER Trustee or director | – | $0 |
| MIKE DOWD | BOARD MEMBER Trustee or director | – | $0 |
| PATRICK HARRIS | BOARD MEMBER Trustee or director | – | $0 |
| BILL JOHNSON | TREASURER Trustee or director, Officer | – | $0 |
| CARTER JONES | BOARD MEMBER Trustee or director | – | $0 |
| KAY KENNEDY | BOARD MEMBER Trustee or director | – | $0 |
| MARY REECE | VICE PRESIDE Trustee or director, Officer | – | $0 |
| MICHAEL SCOTT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KATIE SMITH | SECRETARY Trustee or director, Officer | – | $0 |
| ANDREW WAGNER | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 200 S FRONT ST, SMITHFIELD, NC 27577-3803
- Principal officer (990 for 2024)
- JOELINA LANDA, 200 SOUTH FRONT STREET, SMITHFIELD, NC 27577
- Signed the 990
- MARY REECE, PRESIDENT
- Phone
- (919) 934-0887
- Website
- DOWNTOWNSMITHFIELD.COM
- Return prepared by
- PEEDIN & SASSER CPAS PLLC
Mission
PROMOTE DOWNTOWN ECONOMIC DEVELOPMENT
Program accomplishments
- PROMOTE DOWNTOWN ECONOMIC DEVELOPMENTExpenses $292,098
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
- 56-1437860
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $375,872
- Income (IRS master file)
- $304,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $304,758 | $292,098 | $375,872 | IRS |
| 990 | June 2024 | $213,329 | $175,429 | $222,834 | XML |
| 990 | June 2023 | $169,018 | $179,331 | $183,352 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-1437860).
Questions about DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION
- What is the EIN of DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION is 56-1437860.
- Is DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION 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 SMITHFIELD DEVELOPMENT CORPORATION 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 SMITHFIELD DEVELOPMENT CORPORATION 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 SMITHFIELD DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names JOELINA LANDA.
- Who are the officers and directors of DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN SMITHFIELD DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $304,758, expenses of $292,098 and total assets of $375,872 at year end.
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All nonprofits in SMITHFIELD · North Carolina · Community improvement and capacity building