Nonprofit · EIN 75-2877651
DOWNTOWN WICHITA FALLS DEVELOPMENT INC
Tax-exempt · WICHITA FALLS, TX 76301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $378,130 | $369,664 | $8,466 | $323,939 | $71,512 | $252,427 |
| December 31, 2023 | 990 | $359,662 | $360,161 | -$499 | $429,124 | $91,027 | $338,097 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $216,971
- of which government grants
- $159,750
- Program service revenue
- $150,272
- Investment income
- $500
- Net gain from sales of assets
- $500
- Other revenue
- $10,387
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $107,736
- Salaries, compensation and benefits (total)
- $116,439
- Professional fundraising fees
- $0
- Accounting fees
- $3,412
- Occupancy
- $5,862
- Depreciation
- $7,414
- Program services (functional)
- $331,264
- Management and general (functional)
- $21,846
- Fundraising (functional)
- $16,554
Balance sheet and other
- Total assets, start of year
- $429,124
- Total assets, end of year
- $323,939
- Total liabilities, end of year
- $71,512
- Net assets, end of year
- $252,427
- Land, buildings and equipment
- $236,140
- Gross receipts
- $378,130
- Employees
- 4
- Volunteers
- 500
- Year formed
- 2000
- State of legal domicile
- TX
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jana Schmader | Executive Director Trustee or director | 40 | $75,846 |
| Rodney Case | Treasurer Trustee or director, Officer | 0.3 | $0 |
| William Weske | Board Member Trustee or director | 0.3 | $0 |
| Carla Rogers | Board Member Trustee or director | 0.3 | $0 |
| Darla Diltz | Secretary Trustee or director, Officer | 0.3 | $0 |
| Denton Keltner | Board Member Trustee or director | 0.3 | $0 |
| Matt Ledesma | Vice-President Trustee or director, Officer | 0.3 | $0 |
| Laura Mayfield | Board Member Trustee or director | 0.3 | $0 |
| Jason Wheat | Board Member Trustee or director | 0.3 | $0 |
| Dusty Potter | President Trustee or director, Officer | 0.3 | $0 |
| Justin Schlager | Board Member Trustee or director | 0.3 | $0 |
| Amanda Dalka | Board Member Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jana Schmader | Executive Director Key employee | 40 | $75,845 |
| Rodney Case | Treasurer Trustee or director, Officer | 0.3 | $0 |
| William Weske | Board Member Trustee or director | 0.3 | $0 |
| Carla Rogers | President Trustee or director, Officer | 0.3 | $0 |
| Charis Rhoades | Secretary Trustee or director, Officer | 0.3 | $0 |
| Denton Keltner | Board Member Trustee or director | 0.3 | $0 |
| Matt Ledesma | Board Member Trustee or director | 0.3 | $0 |
| Joel Hartmangruber | Vice President Trustee or director, Officer | 0.3 | $0 |
| Laura Mayfield | Board Member Trustee or director | 0.3 | $0 |
| Darla Diltz | Board Member Trustee or director | 0.3 | $0 |
| Dusty Potter | Board Member Trustee or director | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 709 INDIANA AVE, WICHITA FALLS, TX 76301-6511
- In care of
- % DENNIS CANNEDY
- Principal officer (990 for 2024)
- Dusty Potter, 709 Indiana Avenue, Wichita Falls, TX 76301
- Signed the 990
- Dusty Potter, President
- Phone
- (940) 322-4525
- Return prepared by
- Freemon Shapard & Story
Mission
To educate the populace of Wichita Falls about the benefits of the Downtown area; help attract investors to area; organize events to promote downtown area
Program accomplishments
- To educate the populace of Wichita Falls about the benefits of the Downtown area; help attract investors to area; organize events to promote downtown areaExpenses $331,264 · revenue $150,272
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2877651
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $323,939
- Income (IRS master file)
- $378,130
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $378,130 | $369,664 | $323,939 | XML |
| 990 | December 2023 | $359,662 | $360,161 | $429,124 | XML |
| 990 | December 2022 | $321,529 | $340,344 | $428,317 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-2877651).
Questions about DOWNTOWN WICHITA FALLS DEVELOPMENT INC
- What is the EIN of DOWNTOWN WICHITA FALLS DEVELOPMENT INC?
- The employer identification number (EIN) of DOWNTOWN WICHITA FALLS DEVELOPMENT INC is 75-2877651.
- Is DOWNTOWN WICHITA FALLS DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to DOWNTOWN WICHITA FALLS DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN WICHITA FALLS DEVELOPMENT 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 WICHITA FALLS DEVELOPMENT 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 WICHITA FALLS DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNTOWN WICHITA FALLS DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names Dusty Potter.
- Who are the officers and directors of DOWNTOWN WICHITA FALLS DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $75,846 (Jana Schmader, Executive Director).
- How much revenue does DOWNTOWN WICHITA FALLS DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $378,130, expenses of $369,664 and total assets of $323,939 at year end.
Other nonprofits in WICHITA FALLS
- SHEPPARD MILITARY AFFAIRS COMMITTEE INC EIN 20-5940858 · last filed 990 for 2025
- JUNIOR LEAGUE OF WICHITA FALLS INC EIN 75-1167897 · last filed 990 for 2025
- ALL HANDS CULTURAL COMMUNITY CENTER EIN 83-3867072 · last filed 990 for 2025
- IMPACT 100 WICHITA FALLS EIN 83-2716780 · last filed 990-EZ for 2025
- TEXOMA WOMENS BUSINESS COUNCIL EIN 83-2627590 · last filed 990-N for 2023
- FRIENDS OF THE WICHITA FALLS PUBLIC LIBRARY EIN 75-2396370 · last filed 990-N for 2024
- FINANCIAL PLANNING ASSOCIATION OF CALIFORNIA INC EIN 46-3534690 · last filed 990-N for 2025
- WICHITA COUNTY ACTION NETWORK EIN 82-1880329 · last filed 990-N for 2024
All nonprofits in WICHITA FALLS · Texas · Community improvement and capacity building