Nonprofit · EIN 56-2242416
DOWNTOWN GREENSBORO FOUNDATION
Tax-exempt · GREENSBORO, NC 27406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $931,555 | $879,286 | $52,269 | $1,473,688 | $611,283 | $862,405 |
| June 30, 2024 | 990 | $669,354 | $601,063 | $68,291 | $1,155,163 | $345,027 | $810,136 |
| June 30, 2023 | 990 (amended) | $1,064,376 | $553,541 | $510,835 | $983,419 | $241,574 | $741,845 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $651,027
- Program service revenue
- $264,812
- Investment income
- $15,716
- Net gain from sales of assets
- -$2,109
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $591,667
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,300
- Depreciation
- $62,827
- Program services (functional)
- $868,602
- Management and general (functional)
- $10,684
Balance sheet and other
- Total assets, start of year
- $1,155,163
- Total assets, end of year
- $1,473,688
- Total liabilities, end of year
- $611,283
- Net assets, end of year
- $862,405
- Land, buildings and equipment
- $299,814
- Net assets without donor restrictions
- $522,090
- Net assets with donor restrictions
- $340,315
- Gross unrelated business income
- $153,096
- Gross receipts
- $933,664
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- 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 | From related orgs |
|---|---|---|---|---|
| ZACK MATHENY | FORMER PRESIDENT & CEO Former | 2 | $0 | $281,336 |
| JOY ROSS | CFO Officer | 2 | $0 | $84,812 |
| STU NICHOLS | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| SERAJ PATEL | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS WALDECK | BOARD SECREDARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK PRINCE | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| ARTHUR SAMET | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| GINA HICKS | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| TREY DAVIS | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| KRISTINA FULLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORI POAG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAIG CARLOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIFFANY JACOBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN EDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEREK CARTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA FREYALDENHOVEN | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN SASSER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ZACK MATHENY | PRESIDENT & CEO Trustee or director, Officer | 2 | $0 | $224,055 |
| JOY ROSS | CFO Officer | 2 | $0 | $78,766 |
| ANDY ZIMMERMAN | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TRACEY MYERS | BOARD PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ADRIAN SMITH | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARK PRINCE | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| MARSH PRAUSE | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| MARK BRAZIL | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| TAIWO JAIYEABA | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| DANNY GATLING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GINA HICKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAMION MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LONNIE COCKERHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA GREER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SERAJ PATEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS WALDECK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEAN REAVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTINA FULLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STU NICHOLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIMBERLY OSBOURNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORI POAG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEIGH WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ZACK MATHENY | PRESIDENT & CEO Trustee or director, Officer | 2 | $0 | $188,956 |
| JOY ROSS | CFO Officer | 2 | $0 | $73,252 |
| ANDY ZIMMERMAN | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TRACEY MYERS | BOARD PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ADRIAN SMITH | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARK PRINCE | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| MARSH PRAUSE | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| MARK BRAZIL | BOARD EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| TAIWO JAIYEABA | EX OFFICIO Trustee or director | 1 | $0 | $0 |
| DANNY GATLING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GINA HICKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAMION MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LONNIE COCKERHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA GREER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SERAJ PATEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS WALDECK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEAN REAVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTINA FULLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STU NICHOLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIMBERLY OSBOURNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORI POAG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEIGH WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SKIP ALSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL HALFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 532 S ELM ST, GREENSBORO, NC 27406-1326
- In care of
- % ZACK MATHENY
- Principal officer (990 for 2024)
- STUART J NICHOLS, 532 SOUTH ELM STREET, GREENSBORO, NC 27406
- Signed the 990
- STUART J NICHOLS, BOARD CHAIR
- Phone
- (336) 379-0060
- Return prepared by
- LEEPER KEAN AND RUMLEY LLP
Mission
SUPPORTS THE EDUCATIONAL, HISTORICAL PRESERVATION, AND OTHER EXEMPT PUBLIC EFFORTS OF DOWNTOWN GREENSBORO, INC. WHICH IS A NONPROFIT ECONOMIC DEVELOPMENT ORGANIZATION FORMED TO PROMOTE AND STIMULATE NEW INVESTMENT AND INTEREST IN THE CENTER CITY AREA OF GREENSBORO, NORTH CAROLINA.
Program accomplishments
- DGI GRANTS PROGRAM - PROVIDING THE COMMUNITY WITH VARIOUS SERVICE PROJECTS.Expenses $591,667 · grants $591,667
- ICE RINK - PROVIDING THE COMMUNITY WITH ICE RINK OPERATIONS AS PART OF PIEDMONT WINTERFEST, A COMMUNITY CULTURAL FESTIVAL DURING THE HOLIDAY SEASON.Expenses $130,890 · revenue $153,096
- BEACH MUSIC - MUSIC TRADITION WITH FIVE WEEKS OF BANDS PERFORMING BEACH MUSIC FOR THE COMMUNITY OF DOWNTOWN GREENSBORO.Expenses $54,379 · revenue $26,120
- OTHER ACTIVITIES INCLUDING A HOLIDAY PARADE, OUTDOOR DINING PATIOS AND JINGLE JOG.Expenses $91,666 · revenue $85,596
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
- 56-2242416
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $1,473,688
- Income (IRS master file)
- $933,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $931,555 | $879,286 | $1,473,688 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $669,354 | $601,063 | $1,155,163 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,064,376 | $553,541 | $983,419 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $563,945 | $571,681 | $712,585 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-2242416).
Questions about DOWNTOWN GREENSBORO FOUNDATION
- What is the EIN of DOWNTOWN GREENSBORO FOUNDATION?
- The employer identification number (EIN) of DOWNTOWN GREENSBORO FOUNDATION is 56-2242416.
- Is DOWNTOWN GREENSBORO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to DOWNTOWN GREENSBORO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DOWNTOWN GREENSBORO FOUNDATION 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 GREENSBORO FOUNDATION 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 GREENSBORO FOUNDATION 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 GREENSBORO FOUNDATION?
- The 990 for the year ended June 30, 2025 names STUART J NICHOLS.
- Who are the officers and directors of DOWNTOWN GREENSBORO FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN GREENSBORO FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $931,555, expenses of $879,286 and total assets of $1,473,688 at year end.
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- CAROLINA THEATRE OF GREENSBORO INC EIN 04-3781645 · last filed 990 for 2025
- NORTH CAROLINA FOLK FESTIVAL EIN 82-4363298 · last filed 990 for 2025
- SOUTHEASTERN THEATRE CONFERENCE INC EIN 59-1084518 · last filed 990 for 2024
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All nonprofits in GREENSBORO · North Carolina · Arts, culture and humanities