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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 56-1627620

BURLINGTON DOWNTOWN CORPORATION

Tax-exempt · BURLINGTON, NC 27215

Financials

$129K$198K2022$168K$161K2023$151K$102K2024
Revenue Expenses · by fiscal year end
Financials of BURLINGTON DOWNTOWN CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ$150,724$102,395$48,329$168,748$51$168,697
June 30, 2024990-EZ$167,616$160,686$6,930$125,958$5,590$120,368
June 30, 2023990$129,160$198,368-$69,208$116,707$3,269$113,438
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$149,578
Program service revenue
$3
Investment income
$1,143

Expenses

Grants and similar amounts paid
$13,007
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$64,584
Professional fees and payments to contractors
$10,561
Occupancy
$1,190
Other expenses
$13,053
Program services (functional)
$70,433

Balance sheet and other

Total assets, start of year
$125,958
Total assets, end of year
$168,748
Total liabilities, end of year
$51
Net assets, end of year
$168,697
Cash, savings and investments
$152,318
Gross receipts
$150,724

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-EZ for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
TRACY SCHMIDTPRESIDENT0$0
BEN NYEVICE PRESIDE0$0
COLEMAN RICHPAST PRESIDE0$0
JASON HUSSERDIRECTOR0$0
BRANDON BARBOURBOARD MEMBER0$0
WADE BOTELERBOARD MEMBER0$0
RICK GUNNBOARD MEMBER0$0
REED LAPLANTEBOARD MEMBER0$0
CASEY LEWISBOARD MEMBER0$0
TOM STEELEBOARD MEMBER0$0
JEFF WILKINSBOARD MEMBER0$0
JOHN WIMMERBOARD MEMBER0$0
TAMMY COBBBEX-OFFICIO B0$0
JIM BUTLEREX-OFFICIO B0$0
KELLY MAYADVISORY BOA0$0
1 more people on this return
NameTitleHours / weekCompensation
BRAD HARMONADVISORY BOA0$0
990-EZ for the year ended June 30, 2024: 18 people
NameTitleHours / weekCompensation
TRACY SCHMIDTPRESIDENT0$0
BEN NYEVICE PRESIDE0$0
COLEMAN RICHPAST PRESIDE0$0
BRANDON BARBOURBOARD MEMBER0$0
WADE BOTELERBOARD MEMBER0$0
SARA ANNE CAUDLEBOARD MEMBER0$0
RICK GUNNBOARD MEMBER0$0
JASON HUSSERBOARD MEMBER0$0
REED LAPLANTEBOARD MEMBER0$0
CASEY LEWISBOARD MEMBER0$0
TOM STEELEBOARD MEMBER0$0
JEFF WILKINSBOARD MEMBER0$0
JOHN WIMMERBOARD MEMBER0$0
TAMMY COBBBEX-OFFICIO B0$0
NOLAN KIRKMANEX-OFFICIO B0$0
JIM BUTLEREX-OFFICIO B0$0
KELLY MAYADVISORY BOA0$0
BRAD HARMONADVISORY BOA0$0
990 for the year ended June 30, 2023: 18 people
NameTitleHours / weekCompensation
TRACY SCHMIDTPRESIDENT
Trustee or director, Officer
–$0
BEN NYEVICE PRESIDE
Trustee or director, Officer
–$0
KATIE CHUNGSEC/TREAS
Trustee or director, Officer
–$0
COLEMAN RICHPAST PRESIDE
Trustee or director, Officer
–$0
BRANDON BARBOURBOARD MEMBER
Trustee or director
–$0
WADE BOTELERBOARD MEMBER
Trustee or director
–$0
SARA ANNE CAUDLEBOARD MEMBER
Trustee or director
–$0
RICK GUNNBOARD MEMBER
Trustee or director
–$0
JASON HUSSERBOARD MEMBER
Trustee or director
–$0
REED LAPLANTEBOARD MEMBER
Trustee or director
–$0
CASEY LEWISBOARD MEMBER
Trustee or director
–$0
TOM STEELEBOARD MEMBER
Trustee or director
–$0
JEFF WILKINSBOARD MEMBER
Trustee or director
–$0
JOHN WIMMERBOARD MEMBER
Trustee or director
–$0
TAMMY COBBBEX-OFFICIO B
Trustee or director
–$0
NOLAN KIRKMANEX-OFFICIO B
Trustee or director
–$0
KELLY MAYADVISORY BOA
Trustee or director
–$0
BRAD HARMONADVISORY BOA
Trustee or director
–$0

Address and contacts

Address (IRS master file)
425 S LEXINGTON AVE, BURLINGTON, NC 27215-4200
Signed the 990-EZ
WADE BOTELER, BOARD MEMBER
Phone
(336) 222-5002
Return prepared by
STOUT STUART MCGOWEN & KING LLP

Mission

THE MISSION OF THE BDC IS TO CREATE AN ENVIRONMENT FOR DOWNTOWN REDEVELOPMENT BY ENGAGING COMMUNITY STAKEHOLDERS AND PARTNERS, AND TO INSPIRE INVESTMENT, BUSINESS DEVELOPMENT AND JOB GROWTH.

990-EZ for the year ended June 30, 2025

Program accomplishments

  • TO ENHANCE THE DEVELOPMENT OF DOWNTOWN BURLINGTON AS THE CULTURAL,HISTORIC AND ECONOMIC CENTER OF THE COMMUNITY AND PROMOTE UNITY AMONG ALL.
    Expenses $70,433 · grants $13,007

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

File the 2025 990-EZ for BURLINGTON DOWNTOWN CORPORATION

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
56-1627620
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
2011
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$168,748
Income (IRS master file)
$150,724

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025$150,724$102,395$168,748IRS
990-EZJune 2024$167,616$160,686$125,958IRS
990June 2023$129,160$198,368$116,707XML
990June 2022$238,467$162,335$186,427IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 56-1627620).

Questions about BURLINGTON DOWNTOWN CORPORATION

What is the EIN of BURLINGTON DOWNTOWN CORPORATION?
The employer identification number (EIN) of BURLINGTON DOWNTOWN CORPORATION is 56-1627620.
Is BURLINGTON DOWNTOWN CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to BURLINGTON DOWNTOWN CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BURLINGTON DOWNTOWN 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 BURLINGTON DOWNTOWN 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 BURLINGTON DOWNTOWN CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
Who are the officers and directors of BURLINGTON DOWNTOWN CORPORATION?
The 990-EZ for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
How much revenue does BURLINGTON DOWNTOWN CORPORATION have?
On its 990-EZ for the year ended June 30, 2025 it reported revenue of $150,724, expenses of $102,395 and total assets of $168,748 at year end.

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