Nonprofit · EIN 56-1472402
DOWNTOWN SANFORD INC
Tax-exempt · SANFORD, NC 27330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $364,024 | $357,407 | $6,617 | $106,079 | $1,011 | $105,068 |
| June 30, 2024 | 990 | $390,112 | $378,777 | $11,335 | $98,930 | $479 | $98,451 |
| June 30, 2022 | 990 | $323,124 | $306,305 | $16,819 | $105,901 | $378 | $105,523 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $353,699
- of which government grants
- $274,587
- Program service revenue
- $10,325
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,279
- Other salaries and wages
- $99,766
- Salaries, compensation and benefits (total)
- $179,914
- Professional fundraising fees
- $0
- Accounting fees
- $2,725
- Occupancy
- $7,698
- Program services (functional)
- $317,837
- Management and general (functional)
- $39,570
Balance sheet and other
- Total assets, start of year
- $98,930
- Total assets, end of year
- $106,079
- Total liabilities, end of year
- $1,011
- Net assets, end of year
- $105,068
- Gross receipts
- $364,024
- Employees
- 9
- Year formed
- 1984
- 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 |
|---|---|---|---|
| KELLI LAUDATE | EXECUTIVE DI Trustee or director, Officer | 40 | $66,279 |
| BRENDA AGUIRRE | BOARD MEMBER Trustee or director | – | $0 |
| TRAVIS BEAL | BOARD MEMBER Trustee or director | – | $0 |
| TIM CHILDRESS | BOARD MEMBER Trustee or director | – | $0 |
| ASHLEY DAVENPORT | VICE CHAIR Trustee or director, Officer | – | $0 |
| OPHELIA LIVINGSTON | BOARD MEMBER Trustee or director | – | $0 |
| JONI MARTIN | BOARD MEMBER Trustee or director | – | $0 |
| DAVID MORSE | BOARD MEMBER Trustee or director | – | $0 |
| SHARON SPENCE | CHAIR Trustee or director | 4 | $0 |
| PEGGY TAPHORN | BOARD MEMBER Trustee or director | – | $0 |
| JEFF TOWSON | BOARD MEMBER Trustee or director | – | $0 |
| ASHLEY WHITAKER | SECRETARY/TR Trustee or director | – | $0 |
| PORSHIA WICKER | BOARD MEMBER Trustee or director | – | $0 |
| SHAWANDA WILSON | BOARD MEMBER Trustee or director | – | $0 |
| MARIA WRIGHT | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLI LAUDATE | EXECUTIVE DI Trustee or director, Officer | 40 | $63,471 |
| BRENDA AGUIRRE | BOARD MEMBER Trustee or director | – | $0 |
| TRAVIS BEAL | BOARD MEMBER Trustee or director | – | $0 |
| TIM CHILDRESS | BOARD MEMBER Trustee or director | – | $0 |
| ASHLEY DAVENPORT | BOARD MEMBER Trustee or director | – | $0 |
| OPHELIA LIVINGSTON | BOARD MEMBER Trustee or director | – | $0 |
| JONI MARTIN | BOARD MEMBER Trustee or director | – | $0 |
| DAVID MORSE | BOARD MEMBER Trustee or director | – | $0 |
| SHARON SPENCE | CHAIR Trustee or director | – | $0 |
| PEGGY TAPHORN | BOARD MEMBER Trustee or director | – | $0 |
| JEFF TOWSON | BOARD MEMBER Trustee or director | – | $0 |
| ASHLEY WHITAKER | SECRETARY/TR Trustee or director | – | $0 |
| PORSHIA WICKER | BOARD MEMBER Trustee or director | – | $0 |
| SHAWANDA WILSON | BOARD MEMBER Trustee or director | – | $0 |
| MARIA WRIGHT | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2022: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLI LAUDATE | EXECUTIVE DI Trustee or director, Officer | 40 | $49,973 |
| CAROL CARLSON | SECRETARY Trustee or director | – | $0 |
| TODD CHILDERS | BOARD MEMBER Trustee or director | – | $0 |
| TIM CHILDRESS | BOARD MEMBER Trustee or director | – | $0 |
| GUS GOMEZ | BOARD MEMBER Trustee or director | – | $0 |
| PAM GORDON | BOARD MEMBER Trustee or director | – | $0 |
| BUCK HARRIS | BOARD MEMBER Trustee or director | – | $0 |
| BOB JOYCE | VICE PRESIDE Trustee or director | – | $0 |
| OPHELIA LIVINGSTON | BOARD MEMBER Trustee or director | – | $0 |
| JONI MARTIN | BOARD MEMBER Trustee or director | – | $0 |
| DAVID NESTOR | BOARD MEMBER Trustee or director | – | $0 |
| SHARON SPENCE | CHAIR Trustee or director | – | $0 |
| PEGGY TAPHORN | BOARD MEMBER Trustee or director | – | $0 |
| JEFF TOWSON | BOARD MEMBER Trustee or director | – | $0 |
| ASHLEY WHITAKER | TREASURER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 211 S STEELE ST, SANFORD, NC 27330-4235
- In care of
- % KELLI P LAUDATE
- Mailing address (990-N for 2014)
- 115 Chatham Street, Sanford NC 27330
- Principal officer (990 for 2024)
- KELLI LAUDATE, 229 CARTHAGE ST, SANFORD, NC 27330
- Principal officer (990-N for 2014)
- Jennifer StClair, 115 Chatham Street, Sanford NC 27330
- Signed the 990
- KELLI LAUDATE, EXECUTIVE DIRECTOR
- Phone
- (919) 718-4659
- Website
- WWW.DOWNTOWNSANFORD.COM
- Return prepared by
- BENTON WHITAKER LLP
Mission
TO MANAGE THE DEVELOPMENT OF DOWNTOWN SANFORD AS THE PRIMARY ECONOMIC, CULTURAL, AND SOCIAL CENTER OF THE COMMUNITY; TO EDUCATE THE COMMUNITY ON THE UNIQUE ASSETS AND HISTORICAL SIGNIFICANCE OF THE DOWNTOWN AREA; AND TO PROMOTE AND STIMULATE THE IMPROVEMENT OF THESE ASSETS.
Program accomplishments
- MANAGEMENT OF ECONOMIC, CULTURAL, AND SOCIAL CENTER OF GROWTH OF THE COMMUNITYExpenses $317,837 · grants $353,699 · revenue $11,256
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
- 56-1472402
- 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
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $106,079
- Income (IRS master file)
- $364,024
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $364,024 | $357,407 | $106,079 | IRS |
| 990 | June 2024 | $390,112 | $378,777 | $98,930 | XML |
| 990 | June 2023 | $371,048 | $389,455 | $87,713 | IRS |
| 990 | June 2022 | $323,124 | $306,305 | $105,901 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-N for 2014 Officer: Jennifer StClair | June 30, 2015 | ≤ $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 56-1472402).
Questions about DOWNTOWN SANFORD INC
- What is the EIN of DOWNTOWN SANFORD INC?
- The employer identification number (EIN) of DOWNTOWN SANFORD INC is 56-1472402.
- Is DOWNTOWN SANFORD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to DOWNTOWN SANFORD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN SANFORD 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 SANFORD INC 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 SANFORD INC 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 SANFORD INC?
- The 990 for the year ended June 30, 2025 names KELLI LAUDATE.
- Who are the officers and directors of DOWNTOWN SANFORD INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $66,279 (KELLI LAUDATE, EXECUTIVE DI).
- How much revenue does DOWNTOWN SANFORD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $364,024, expenses of $357,407 and total assets of $106,079 at year end.
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