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Nonprofit · EIN 56-2122680

FUQUAY VARINA DOWNTOWN ASSOCIATION

Tax-exempt · FUQUAY VARINA, NC 27526

Financials

$138K$58K2021$177K$165K2023$174K$163K2024
Revenue Expenses · by fiscal year end
Financials of FUQUAY VARINA DOWNTOWN ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ$174,065$162,788$11,277$243,185$31,595$211,590
June 30, 2024990-EZ$177,233$164,950$12,283$231,907$31,595$200,312
June 30, 2022990$138,443$58,418$80,025$212,326$40,461$171,865
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$40,274
Program service revenue
$120,299
Investment income
$13,243
Net income from sales of inventory
$249

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$78,479
Professional fees and payments to contractors
$3,185
Occupancy
$13,595
Printing, publications and postage
$2,182
Other expenses
$65,347
Program services (functional)
$103,455

Balance sheet and other

Total assets, start of year
$231,908
Total assets, end of year
$243,185
Total liabilities, end of year
$31,595
Net assets, end of year
$211,590
Cash, savings and investments
$243,185
Gross receipts
$175,604

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
CHRISTY FAMOLAREEXECUTIVE DI40$0
KATIE DIESCHAIR2$0
KELLY QUIRINGPAST CHAIR2$0
CARA ADCOCKTREASURER2$0
JESSICA KAPLARSECRETARY2$0
MARILYN GARDNERTOWN LIAISON2$0
RICK ABSHUREDIRECTOR1$0
DANI ALMEYDADIRECTOR1$0
DAVID BALLDIRECTOR1$0
LAURA FAHENSTOCKDIRECTOR1$0
JOHNNY FRANCISDIRECTOR1$0
NANCY JOHNSDIRECTOR1$0
ROBYN MORRISONDIRECTOR1$0
BRAD STONEKINGDIRECTOR1$0
990-EZ for the year ended June 30, 2024: 15 people
NameTitleHours / weekCompensation
CHRISTY FAMOLAREEXECUTIVE DI40$0
NANCY JOHNSCHAIR-ELECT2$0
KELLY QUIRINGCHAIR2$0
DANI ALMEYDAPAST CHAIR2$0
CARA ADCOCKTREASURER2$0
JESSICA KAPLARSECRETARY2$0
MARILYN GARDNERTOWN LIAISON2$0
RICK ABSHUREDIRECTOR1$0
DAVID BALLDIRECTOR1$0
JUSTIN CRAWFORDDIRECTOR1$0
KATIE DIESDIRECTOR1$0
LAURA FAHENSTOCKDIRECTOR1$0
JOHNNY FRANCISDIRECTOR1$0
ORLEAN NEWTONDIRECTOR1$0
ANNE SMITHDIRECTOR1$0
990 for the year ended June 30, 2022: 14 people
NameTitleHours / weekCompensation
Dawn RussellExec Director
Trustee or director
40$0
Cara AdcockTreasurer
Trustee or director, Officer
0$0
Nancy JohnsSecretary
Trustee or director, Officer
0$0
Rick AbshureDirector
Trustee or director
0$0
Brandy TaylorChairman
Trustee or director, Officer
0$0
Laura FahnestockDirector
Trustee or director
0$0
Joy MangumDirector
Trustee or director
0$0
Mollie StephensonDirector
Trustee or director
0$0
Orlean NewtonDirector
Trustee or director
0$0
Kelly QuiringDirector
Trustee or director
0$0
Dani AlymedaChair Elect
Trustee or director, Officer
0$0
Marilyn GardnerDirector
Trustee or director
0$0
David BallDirector
Trustee or director
0$0
Katie DiesDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
108 RALEIGH ST, FUQUAY VARINA, NC 27526-2227
In care of
% LINDA WOOD
Signed the 990-EZ
CHRISTY FAMOLARE, EXECUTIVE DIRECTOR
Phone
(919) 552-0848
Return prepared by
HB MORGAN INC

Mission

THE ORGANIZATION IS DEDICATED TO BUILDING A COMMUNITY THAT SUPPORTS FUQUAY-VARINA BUSINESSES AND PRIVATE INVESTMENT IN THE HISTORIC CORE. ACTIVITIES AND PROGRAMS ARE DESIGNED AND IMPLEMENTED TO ATTRACT TRAFFIC AND CUSTOMERS TO THE DOWNTOWN AREAS AND EDCUATE RESIDENTS ON THE IMPORTANCE OF THE HISTORIC DOWNTOWN AREAS.

990-EZ for the year ended June 30, 2025

Program accomplishments

  • THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE HISTORIC PRESERVATION, PROTECTION AND USE OF THE TOWN OF FUQUAY-VARINA'S TRADITIONAL DOWNTOWN AREA, INCLUDING COMMERCIAL ENTERPRISES AND RESIDENCES.
    Expenses $103,455

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 FUQUAY VARINA DOWNTOWN ASSOCIATION

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

IRS record

EIN
56-2122680
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
2000
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$243,185
Income (IRS master file)
$175,604

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025$174,065$162,788$243,185XML
990-EZJune 2024$177,233$164,950$231,907XML
990June 2023$159,829$143,665$219,624IRS
990June 2022$138,443$58,418$212,326XML
990June 2021–––IRS
990June 2020–––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 56-2122680).

Questions about FUQUAY VARINA DOWNTOWN ASSOCIATION

What is the EIN of FUQUAY VARINA DOWNTOWN ASSOCIATION?
The employer identification number (EIN) of FUQUAY VARINA DOWNTOWN ASSOCIATION is 56-2122680.
Is FUQUAY VARINA DOWNTOWN ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to FUQUAY VARINA DOWNTOWN ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FUQUAY VARINA DOWNTOWN ASSOCIATION 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 FUQUAY VARINA DOWNTOWN ASSOCIATION 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 FUQUAY VARINA DOWNTOWN ASSOCIATION 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 FUQUAY VARINA DOWNTOWN ASSOCIATION?
The 990-EZ for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
How much revenue does FUQUAY VARINA DOWNTOWN ASSOCIATION have?
On its 990-EZ for the year ended June 30, 2025 it reported revenue of $174,065, expenses of $162,788 and total assets of $243,185 at year end.

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