Colebrook Downtown Development

Colebrook, NHUnknown exempt organizationEIN 02-0523427

Community development

6¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $91K a year · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
6%
of spending
Concern: 6% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$123K
-1559% vs prior year
Spent
$52K
To programs
6%
Net assets
$0
By yearFY2020–FY2021
Revenue
−$123K
FY2021▼ -1559%
Revenue by fiscal year
FY2020$8K
FY2021−$123K
Expenses
$52K
FY2021▲ +260%
Expenses by fiscal year
FY2020$15K
FY2021$52K
Net assets
$0
FY2021▼ -100%
Net assets by fiscal year
FY2020$201K
FY2021$0

From the FY2021 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

6 cents of each dollar spent went to programs.

Program services 6% · $3K Management & general 94% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Colebrook Downtown Development executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Colebrook Downtown Development is a nonprofit organization based in Colebrook, NH.

Provided by the organization

This section is blank until Colebrook Downtown Development claims this page.

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1 program service account for $3K of program spending, described in the organization's own filed words · FY2021.
01

Facade

$3Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
−$123K
Ln 12
Money outPt IX
$52K
Ln 25
Programscol B$3K
Managementcol C$49K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gains on assetsLn 7−$121K
Total revenueLn 12−$123K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Total assetsLn 16$202K$0
LiabilitiesLn 26$500$0
Net assetsLn 32$201K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$600$600
Office expensesLn 13$43$43
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$50K$3K$47K
Total functional expensesLn 25$52K$3K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing −$123K$52K−$175K$0 990 PDF
FY2020 $8K$15K−$6K$201K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue −$123,112 across 3 lines filed
VIII-6 Net rental income or lossRelated to mission −$1,639−$1,639
VIII-7 Net gain or loss on sales of assetsRelated to mission −$121,473−$121,473
VIII-12 Total revenueRelated to mission −$123,112−$123,112
Part IX · Statement of functional expenses $52,293 across 4 lines filed
IX-11c Accounting feesManagement $600$600
IX-13 Office expensesManagement $43$43
IX-23 InsuranceManagement $1,250$1,250
IX-24 Other expenses (24a–d)Programs $3,250 · Management $47,150$50,400
IX-25 Total functional expensesPrograms $3,250 · Management $49,043 · Fundraising $0$52,293
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $201,817$0
X-26 Total liabilitiesStart of year $500$0
X-32 Total net assets or fund balancesStart of year $201,317$0
X-33 Total liabilities and net assetsStart of year $201,817$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue−$123,112
XI-2 Total expenses$52,293
XI-3 Revenue less expenses−$175,405
XI-4 Net assets at start of year$201,317
XI-9 Other changes in net assets−$25,912
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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