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Nonprofit · EIN 56-2041447

DOWNTOWN MOREHEAD CITY INC

Tax-exempt · MOREHEAD CITY, NC 28557

Financials

$179K$161K2022$190K$166K2023$152K$179K2024
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN MOREHEAD CITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$152,058$179,150-$27,092$216,739$7,355$209,384
June 30, 2024990$189,753$166,126$23,627$237,389$913$236,476
June 30, 2023990$179,013$160,525$18,488$219,778$6,928$212,850
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$92,552
of which government grants
$92,552
Program service revenue
$0
Investment income
$3,108
Net income from fundraising events
$56,398
Other revenue
$56,398

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$122,123
Salaries, compensation and benefits (total)
$132,126
Professional fundraising fees
$0
Accounting fees
$3,210
Travel
$3,054
Program services (functional)
$177,545
Management and general (functional)
$1,605

Balance sheet and other

Total assets, start of year
$237,389
Total assets, end of year
$216,739
Total liabilities, end of year
$7,355
Net assets, end of year
$209,384
Gross unrelated business income
$56,398
Gross receipts
$228,529
Employees
3
Year formed
1997
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.

NameTitleHours / weekCompensation
Arrington BraffordBoard Member
Trustee or director
0.1$0
Tony HollowayBoard Member
Trustee or director
0.1$0
Mark KellyBoard Member
Trustee or director
0.1$0
Alison BrittBoard Member
Trustee or director
0.1$0
Janice RoweBoard Member
Trustee or director
0.1$0
Patti SchweisBoard Member
Trustee or director
40$0
Kayla BrownPast Board Chair
Officer
0.1$0
Jeff JohnsonTreasurer
Officer
0.1$0
Jason EureBoard Chair
Officer
0.1$0
Leah HardestyExec Director
Key employee
0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
Tony HollowayPast Board Chair
Trustee or director
0.1$0
Chrissy SuralikBoard Member
Trustee or director
0.1$0
Doug BradyBoard Member
Trustee or director
0.1$0
Lori TullochBoard Member
Trustee or director, Officer
0.1$0
Kayla BrownBoard Chair
Trustee or director, Officer
0.1$0
Mark KellyBoard Member
Trustee or director, Officer
0.1$0
Jason EureBoard Member
Officer
0.1$0
Kathryn MettsExec Director
Key employee
40$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensation
Lori TullochBoard Member
Trustee or director
0.1$0
Chrissy SuralikBoard Member
Trustee or director
0.1$0
Janice RoweBoard Member
Trustee or director
0.1$0
Jason EureBoard Member
Trustee or director
0.1$0
Kayla BrownBoard Member
Trustee or director
0.1$0
Doug BradyBoard Member
Trustee or director
0.1$0
Nancy ChaanineBoard Member
Trustee or director
0.1$0
Bruce CaldwellBoard Member
Trustee or director
0.1$0
Steve ChalkBoard Member
Trustee or director, Officer
0.1$0
Tony HollowayBoard Member
Trustee or director, Officer
0.1$0

Address and contacts

Address (IRS master file)
1001 ARENDELL ST, MOREHEAD CITY, NC 28557-4128
In care of
% LEAH HARDESTY
Signed the 990
LEAH HARDESTY, Exec Director
Phone
(252) 808-0440
Return prepared by
Chused Patterson & Company CPAs

Mission

Downtown Morehead City Incs mission is to promote, foster and help retore downtown Morehead City NC as a destination by fostering a comprehensive and sustainable revitalization process designed to improve all aspects of the downtown.

990 for the year ended June 30, 2025

Program accomplishments

  • The organization fosters a healthy downtown by promoting assets and maximizing economic opportunity while preserving our coastal lifestyle. During 2024-2025 improvements and new businesses opened. Dollars were invested in downtown to promote the mission of the organization.
    Expenses $177,545

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 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-2041447
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
1999
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$216,739
Income (IRS master file)
$228,529

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$152,058$179,150$216,739XML
990June 2024$189,753$166,126$237,389XML
990June 2023$179,013$160,525$219,778XML
990June 2022$159,523$152,293$202,431IRS
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 56-2041447).

Questions about DOWNTOWN MOREHEAD CITY INC

What is the EIN of DOWNTOWN MOREHEAD CITY INC?
The employer identification number (EIN) of DOWNTOWN MOREHEAD CITY INC is 56-2041447.
Is DOWNTOWN MOREHEAD CITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to DOWNTOWN MOREHEAD CITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DOWNTOWN MOREHEAD CITY 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 MOREHEAD CITY 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 MOREHEAD CITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of DOWNTOWN MOREHEAD CITY INC?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does DOWNTOWN MOREHEAD CITY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $152,058, expenses of $179,150 and total assets of $216,739 at year end.

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