Nonprofit · EIN 75-2449354
DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC
Tax-exempt · SHERMAN, TX 75091
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $69,685 | $65,172 | $4,513 | $57,507 | $0 | $57,507 |
| December 31, 2023 | 990-EZ | $72,135 | $60,205 | $11,930 | $52,994 | $0 | $52,994 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $82,568
- Membership dues
- $28,413
- Program service revenue
- $2,194
- Net income from fundraising events
- -$43,490
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $46,651
- Occupancy
- $4,800
- Printing, publications and postage
- $2,540
- Other expenses
- $11,181
Balance sheet and other
- Total assets, start of year
- $52,994
- Total assets, end of year
- $57,507
- Total liabilities, end of year
- $0
- Net assets, end of year
- $57,507
- Cash, savings and investments
- $57,507
- Gross receipts
- $127,690
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN CROUSE | PRESIDENT | 1 | $0 |
| LINDA WALKER | VICE PRESIDENT | 1 | $0 |
| STEPHANIE COTTON | SECRETARY | 1 | $0 |
| JOEY BEASON | TREASURER | 1 | $0 |
| MARGARET MEALY | BOARD MEMBER | 1 | $0 |
| RHONDA SALICOS | BOARD MEMBER | 1 | $0 |
| DAVID DOWNTAIN | BOARD MEMBER | 1 | $0 |
| MARIANNA PERKINS | BOARD MEMBER | 1 | $0 |
| MICHAEL SMITH | BOARD MEMBER | 1 | $0 |
| DAVE VOLBERDING | EX- OFFICIO | 1 | $0 |
| VICKIE HODGES | EX- OFFICIO | 1 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE VOLBERDING | PRESIDENT | 1 | $0 |
| BEN CROUSE | VICE PRESIDENT | 1 | $0 |
| JOEY BEASON | TREASURER | 1 | $0 |
| STEPHANIE COTTON | SECRETARY | 1 | $0 |
| MARGARET MEALY | BOARD MEMBER | 1 | $0 |
| ALISHA ROSENTHAL | BOARD MEMBER | 1 | $0 |
| RHONDA SALICOS | BOARD MEMBER | 1 | $0 |
| BRANDI SHAVER | BOARD MEMBER | 1 | $0 |
| LINDA WALKER | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2054, SHERMAN, TX 75091-2054
- In care of
- % KAREN TOOLEY
- Mailing address (990-N for 2013)
- PO Box 2054, Sherman TX 75091
- Principal officer (990-N for 2013)
- Karen Tooley, PO Box 2054, Sherman TX 75091
- Signed the 990-EZ
- LINDA WALKER, PRESIDENT
- Phone
- (903) 487-5570
- Website
- WWW.DOWNTOWNSHERMAN.COM
- Return prepared by
- ADAMI LINDSEY ADVISORS LLC (VENNING)
Mission
DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION, INC. (DSP&R)IS A NON-PROFIT, BOARD ADMINISTERED ORGANIZATION DEDICATED TO THE PROMOTION AND PRESERVATION OF THE CENTRAL BUSINESS DISTRICT. SPECIFICALLY, THE CORPORATION WILL:PRESERVE THE ARCHITECTURAL CHARACTER OF THE NEIGHBORHOOD AND IMPLEMENT FORWARD EDGE URBAN DESIGN PRINCIPLES, ACTING AS A PLANNING AGENT TO DEVELOP PUBLIC/PRIVATE PARTNERSHIPS FOR NEIGHBORHOOD IMPROVEMENTS;MARKET THE DOWNTOWN NEIGHBORHOOD, ITS ACTIVITIES, RESOURCES, AND AMENITIES TO THE RESIDENTS OF THE CITY OF SHERMAN, THE SURROUNDING AREA, BUSINESS LEADERS, AND THE DEVELOPMENT COMMUNITY AT LARGE;DEVELOP THE ECONOMY OF THE NEIGHBORHOOD BY SUPPORTING EXISTING BUSINESSES AND ATTRACTING NEW BUSINESSES, AND PROGRAM EVENTS DOWNTOWN, INCLUDING EVENTS FOR VISITORS AND GUESTS AS WELL AS PROFESSIONAL DEVELOPMENT PROGRAMS AND PUBLIC SERVICE PROGRAMS.
Program accomplishments
- DOWNTOWN MAPS
- OTHER PROGRAMS
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 75-2449354
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80Z)
- Assets (IRS master file)
- $57,507
- Income (IRS master file)
- $127,690
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $69,685 | $65,172 | $57,507 | IRS |
| 990-EZ | December 2023 | $72,135 | $60,205 | $52,994 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Karen Tooley | December 31, 2013 | ≤ $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 75-2449354).
Questions about DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC
- What is the EIN of DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC?
- The employer identification number (EIN) of DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC is 75-2449354.
- Is DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION 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 SHERMAN PRESERVATION AND REVITALIZATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC?
- The 990-N for 2013 names Karen Tooley.
- Who are the officers and directors of DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $69,685, expenses of $65,172 and total assets of $57,507 at year end.
Other nonprofits in SHERMAN
- THE SHERMAN MUSEUM EIN 75-1541356 · last filed 990 for 2024
- AURORA MINISTRIES EIN 46-5287535 · last filed 990-EZ for 2024
- CULTURAL CLUB OF GRAYSON COUNTY EIN 92-2484674 · last filed 990-N for 2025
- TEXOMA HUMAN RESOURCE MANAGEMENT ASSOCIATION EIN 75-2672318 · last filed 990-N for 2025
- ASHTENS COMPASSION EIN 88-3029923 · last filed 990-N for 2025
- TEXOMA BLUES SOCIETY EIN 35-2774202 · last filed 990-N for 2025
- SHERMAN PRESERVATION LEAGUE EIN 75-1786683 · last filed 990-N for 2025
- THEATER FOR HOPE INC EIN 93-3918694 · last filed 990-N for 2025
All nonprofits in SHERMAN · Texas · Arts, culture and humanities