Nonprofit · EIN 84-3444377
DOWNTOWN ASHEBORO INC
Tax-exempt · ASHEBORO, NC 27204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $174,078 | $491,775 | -$317,697 | $285,033 | $0 | $285,033 |
| June 30, 2024 | 990 | $818,888 | $317,333 | $501,555 | $630,539 | $27,809 | $602,730 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $101,511
- of which government grants
- $53,511
- Program service revenue
- $66,867
- Investment income
- $0
- Net rental income
- $5,700
- Other revenue
- $5,700
Expenses
- Grants and similar amounts paid
- $21,765
- Compensation of officers, directors and key employees
- $9,390
- Salaries, compensation and benefits (total)
- $10,067
- Professional fundraising fees
- $0
- Legal fees
- $26,136
- Depreciation
- $2,054
- Program services (functional)
- $449,116
- Management and general (functional)
- $42,659
Balance sheet and other
- Total assets, start of year
- $630,539
- Total assets, end of year
- $285,033
- Total liabilities, end of year
- $0
- Net assets, end of year
- $285,033
- Land, buildings and equipment
- $204,144
- Net assets without donor restrictions
- $261,798
- Net assets with donor restrictions
- $23,235
- Gross receipts
- $174,078
- Employees
- 1
- Volunteers
- 18
- Year formed
- 2019
- 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 | Other / benefits |
|---|---|---|---|---|
| ADDIE CORDER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $8,848 | $542 |
| SAMANTHA BAKER | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| KATHY HOMILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BROOKS HEDRICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS OSTEEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTIE LUCKENBACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARINA TORRES MUNO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AL LAPRADE | CHAIR Officer | 6 | $0 | $0 |
| REYNOLDS LISK | VICE CHAIR Officer | 1 | $0 | $0 |
| BARBARA GALLIMORE | SECRETARY/TREASURER Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADDIE CORDER | EXECUTIVE DIRECTOR Key employee | 40 | $70,184 | $3,522 |
| KELLY HEATH | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| KATHY HOMILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WENDI MINK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM OSTEEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTIE LUCKENBACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOEL MCCLOSKY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARINA TORRES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AL LAPRADE | CHAIR Officer | 6 | $0 | $0 |
| REYNOLDS LISK | VICE CHAIR Officer | 1 | $0 | $0 |
| BARBARA GALLIMORE | SECRETARY/TREASURER Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 386, ASHEBORO, NC 27204-0386
- In care of
- % REBEKAH MCGEE
- Principal officer (990 for 2024)
- AL LAPRADE, 137 S FAYETTEVILLE STREET, ASHEBORO, NC 27203
- Signed the 990
- AL LAPRADE, CHAIR
- Phone
- (336) 610-2628
- Website
- WWW.DOWNTOWNASHEBORO.COM
- Return prepared by
- TURLINGTON AND COMPANY LLP
Mission
TO PROMOTE THE BUSINESSES WITHIN HISTORIC STRUCTURES, THEREFORE CREATING A STRONGER CORE FOR DOWNTOWN HISTORIC PRESERVATION ACTIVITIES.
Program accomplishments
- PROMOTING AN APPRECIATION OF HISTORY THROUGH THE ACQUISTION, RESTORATION, AND PRESERVATION OF HOMES, CHURCHES, AND PUBLIC BUILDINGS.Expenses $449,116 · grants $21,765 · revenue $72,567
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
- 84-3444377
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A82)
- Assets (IRS master file)
- $285,033
- Income (IRS master file)
- $174,078
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $174,078 | $491,775 | $285,033 | XML |
| 990 | June 2024 | $818,888 | $317,333 | $630,539 | XML |
| 990 | June 2023 | $297,229 | $265,863 | $133,036 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | 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 84-3444377).
Questions about DOWNTOWN ASHEBORO INC
- What is the EIN of DOWNTOWN ASHEBORO INC?
- The employer identification number (EIN) of DOWNTOWN ASHEBORO INC is 84-3444377.
- Is DOWNTOWN ASHEBORO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DOWNTOWN ASHEBORO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN ASHEBORO 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 ASHEBORO 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 DOWNTOWN ASHEBORO 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 DOWNTOWN ASHEBORO INC?
- The 990 for the year ended June 30, 2025 names AL LAPRADE.
- Who are the officers and directors of DOWNTOWN ASHEBORO INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $8,848 (ADDIE CORDER, EXECUTIVE DIRECTOR).
- How much revenue does DOWNTOWN ASHEBORO INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $174,078, expenses of $491,775 and total assets of $285,033 at year end.
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All nonprofits in ASHEBORO · North Carolina · Arts, culture and humanities