Nonprofit · EIN 82-0832831
COOL SPRING DOWNTOWN DISTRICT INC
Tax-exempt · FAYETTEVILLE, NC 28301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,096,228 | $1,144,124 | -$47,896 | $253,034 | $16,426 | $236,608 |
| June 30, 2024 | 990 | $896,622 | $941,385 | -$44,763 | $286,400 | $1,895 | $284,505 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $955,911
- of which government grants
- $695,411
- Program service revenue
- $95,556
- Investment income
- $25,201
- Net gain from sales of assets
- $23,760
- Net income from fundraising events
- $19,560
- Other revenue
- $19,560
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $278,725
- Salaries, compensation and benefits (total)
- $305,594
- Professional fundraising fees
- $0
- Accounting fees
- $31,767
- Occupancy
- $6,697
- Travel
- $3,575
- Depreciation
- $16,654
- Program services (functional)
- $1,073,863
- Management and general (functional)
- $70,261
Balance sheet and other
- Total assets, start of year
- $286,400
- Total assets, end of year
- $253,034
- Total liabilities, end of year
- $16,426
- Net assets, end of year
- $236,608
- Land, buildings and equipment
- $36,296
- Net assets without donor restrictions
- $236,608
- Gross receipts
- $1,132,923
- Employees
- 5
- Volunteers
- 100
- Year formed
- 2017
- 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 |
|---|---|---|---|
| MICHAEL PENNINK | CHAIR Trustee or director, Officer | 5 | $0 |
| HAMPTON RUTLEDGE | MEMBER Trustee or director | 2 | $0 |
| JOSH CHOI | EX OFFICIO Trustee or director | 2 | $0 |
| GERARD FALLS | TREASURER Trustee or director, Officer | 5 | $0 |
| DAVID WOODHOUSE | MEMBER Trustee or director | 2 | $0 |
| EBONY WARFIELD-GRAHAM | MEMBER Trustee or director | 2 | $0 |
| TYLER PATTON | MEMBER Trustee or director | 2 | $0 |
| CAROLINE GREGORY | MEMBER Trustee or director | 2 | $0 |
| KENNON JACKSON | MEMBER Trustee or director | 2 | $0 |
| NATHAN CUFFEE | MEMBER Trustee or director | 2 | $0 |
| ISAAC HALVERSON | MEMBER Trustee or director | 2 | $0 |
| KATRINA RUBIERA | SECRETARY Trustee or director, Officer | 5 | $0 |
| LEJUANE BOWENS | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| KRISTEN WELLONS SEELAND | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY ARNOLD | EX OFFICIO Trustee or director | 5 | $0 |
| MICHAEL PENNINK | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| WESLEY FOUNTAIN | MEMBER Trustee or director | 2 | $0 |
| JOSH CHOI | CHAIR Trustee or director, Officer | 5 | $0 |
| JOHN MALZONE | TREASURER Trustee or director, Officer | 5 | $0 |
| DAVID WOODHOUSE | MEMBER Trustee or director | 2 | $0 |
| DWIGHT SMITH | MEMBER Trustee or director | 2 | $0 |
| EBONY MCNEILL | MEMBER Trustee or director | 2 | $0 |
| ANDRE THOMAS | MEMBER Trustee or director | 2 | $0 |
| DENISE STROTHER | MEMBER Trustee or director | 2 | $0 |
| CAROLINE GREGORY | MEMBER Trustee or director | 2 | $0 |
| KENNON JACKSON | MEMBER Trustee or director | 2 | $0 |
| NAHAN CUFFEE | MEMBER Trustee or director | 2 | $0 |
| ISAAC HALVERSON | MEMBER Trustee or director | 2 | $0 |
| KATRINA RUBIERA | MEMBER Trustee or director | 2 | $0 |
| LEJUANE BOWENS | MEMBER Trustee or director | 2 | $0 |
| ANDREW HENDRICKSON | MEMBER Trustee or director | 2 | $0 |
| GERARD FALLS | MEMBER Trustee or director | 2 | $0 |
| KRISTEN WELLONS | MEMBER Trustee or director | 2 | $0 |
| ANNA HODGES-SMITH | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 222 HAY ST, FAYETTEVILLE, NC 28301-5534
- Mailing address (990-N for 2016)
- 222 Hay St, Fayetteville NC 28301
- Principal officer (990 for 2024)
- MICHAEL PENNINK, 222 HAY STREET, FAYETTEVILLE, NC 28301
- Principal officer (990-N for 2016)
- Mark Regensburger, 222 Hay St, Fayetteville NC 28301
- Signed the 990
- GERARD FALLS, TREASURER
- Phone
- (910) 723-3753
- Return prepared by
- HAIGH BYRD & LAMBERT LLP
Mission
SEE SCHEDULE O
Program accomplishments
- THE ORGANIZATION HAS ORGANIZED, PROMOTED AND SUPPORTED MULTIPLE ARTS & CULTURAL EVENTS IN THE CENTRAL CORE OF THE CITY'S DOWNTOWN DISTRICT.Expenses $1,073,863 · revenue $96,997
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
- 82-0832831
- 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
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A99)
- Assets (IRS master file)
- $253,034
- Income (IRS master file)
- $1,132,923
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,096,228 | $1,144,124 | $253,034 | XML |
| 990 | June 2024 | $896,622 | $941,385 | $286,400 | XML |
| 990 | June 2023 | $917,731 | $951,054 | $340,186 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2016 Officer: Mark Regensburger | December 31, 2016 | ≤ $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 82-0832831).
Questions about COOL SPRING DOWNTOWN DISTRICT INC
- What is the EIN of COOL SPRING DOWNTOWN DISTRICT INC?
- The employer identification number (EIN) of COOL SPRING DOWNTOWN DISTRICT INC is 82-0832831.
- Is COOL SPRING DOWNTOWN DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to COOL SPRING DOWNTOWN DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COOL SPRING DOWNTOWN DISTRICT 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 COOL SPRING DOWNTOWN DISTRICT 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 COOL SPRING DOWNTOWN DISTRICT INC 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 COOL SPRING DOWNTOWN DISTRICT INC?
- The 990 for the year ended June 30, 2025 names MICHAEL PENNINK.
- Who are the officers and directors of COOL SPRING DOWNTOWN DISTRICT INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does COOL SPRING DOWNTOWN DISTRICT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,096,228, expenses of $1,144,124 and total assets of $253,034 at year end.
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