Downtown Pkb INC FY2020 filing

Tax-deductible

Parkersburg, WV501(c)(3)Community DevelopmentEIN 46-1593463Revenue $177K in FY2020

On file with the IRSdowntownpkb.com610 Market St Third Floor, 26101-5146 · Parkersburg, WVTax-exempt since May 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Downtown pkg promotes Downtown parkersburg, fosters economic opportunity and creates community vitality. The goal is to create a vibrant commercial district that will provide Downtown businesses, workers and nearby residents with goods and services they need, as well as create educational, entertainment and tourism opportunities. In 2010, the city of parkersburg applied to be part of the west virginia ontrac (organization, training, revitalization and capacity) program and was selected to participate. The ontrac program was created by main street west virginia and the national historic trust to help cities create a comprehensive approach to econimic revitalization and historic preservation by focusing on four key areas: design, promotion, economic restructuring and organization.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $126K a year · 40% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $80K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$28K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$177K
Spent
$838K
To programs
86%
Net assets
$195K
By yearFY2020–FY2024
Revenue
$177K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$177K
FY2021$224K
FY2022$431K
FY2023$333K
FY2024$424K
Expenses
$838K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$838K
FY2021$247K
FY2022$401K
FY2023$381K
FY2024$353K
Net assets
$195K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$195K
FY2021$220K
FY2022$250K
FY2023$202K
FY2024$272K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2014.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $718K Management & general 13% · $113K Fundraising 1% · $7K

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

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Who runs it and what they're paid

24 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$68,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Amanda Stevens’s $66K as Executive Di is at the 43rd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Wendy Shriver———$46,793$68,000
Amanda Stevens$66,121$63,127$59,154$14,538—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Revitalizes downtown areas to boost businesses, create jobs, and enhance community life.

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Provided by the organization

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3 programs · $647K · in their own filed words · FY2020
01

Chrildren's museum of mov

$624Kprogram expense
02

Point Park Concert Series

Promote downtown parkersburg through the operation of special events.

$15Kprogram expense
03

Taste of Parkersburg

Promote downtown parkersburg through the operation of special events.

$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$80K
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$177K
Ln 12
Gifts and grantsLn 1h$161K
Fees for servicesLn 2g$12K
Investment incomeLn 3$3K
Money outPt IX
$838K
Ln 25
Programscol B$718K
Managementcol C$113K
Fundraisingcol D$7K
Owns and owesPt X
$195K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$28K
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$161K
Government grantsLn 1e$53K
Fees for servicesLn 2g$12K
Investment incomeLn 3$3K
Total revenueLn 12$177K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$214K
Cash and savings togetherLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$28K
Net assetsLn 32$195K
OperationsPt I, VI
EmployeesI 52
VolunteersI 635
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 FY20End FY20
Cash and savingsLn 1–2$859K$223K
Total assetsLn 16$859K$223K
LiabilitiesLn 26$3K$28K
Net assetsLn 32$856K$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$69K$27K$34K$7K
Other salaries and wagesLn 7$46K$140$46K
Pension plan contributionsLn 8$1K$1K
Payroll taxesLn 10$10K$2K$7K$520
Legal feesLn 11b$40K$40K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$12K$11K$700
Office expensesLn 13$1K$55$1K
Information technologyLn 14$2K$2K
OccupancyLn 16$18K$10K$8K
TravelLn 17$159$159
Conferences, conventions and meetingsLn 19$2K$324$2K
InterestLn 20$74$74
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$609K$609K
All other expensesLn 24e$6K$401$6K
Total functional expensesLn 25$838K$718K$113K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $424K$353K$70K$272K 990 PDF
FY2023 $333K$381K−$49K$202K 990 PDF
FY2022 $431K$401K$31K$250K 990 PDF
FY2021 $224K$247K−$23K$220K 990 PDF
FY2020 Viewing $177K$838K−$661K$195K 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 FY2020 990 (6 parts)
Part I · Summary $176,669 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,133$161,289
I-9 Program service revenuePrior year $214,131$12,421
I-10 Investment incomePrior year $11,157$2,959
I-11 Other revenuePrior year $418$0
I-12 Total revenuePrior year $358,839$176,669
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $108,596$126,239
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $290,911$711,539
I-18 Total expensesPrior year $399,507$837,778
I-19 Revenue less expensesPrior year −$40,668−$661,109
Part VI · Governance 23 of 23 board members independent, 2 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $176,669 across 6 lines filed
VIII-1e Government grants$52,970
VIII-1f All other contributions, gifts and grants$108,319
VIII-1h Total contributions, gifts and grants$161,289
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $12,421$12,421
VIII-3 Investment incomeExcluded from tax $2,959$2,959
VIII-12 Total revenueExcluded from tax $15,380$176,669
Part IX · Statement of functional expenses $837,778 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $27,460 · Management $34,325 · Fundraising $6,865$68,650
IX-7 Other salaries and wagesPrograms $140 · Management $46,100$46,240
IX-8 Pension plan contributionsManagement $1,350$1,350
IX-10 Payroll taxesPrograms $2,080 · Management $7,399 · Fundraising $520$9,999
IX-11b Legal feesPrograms $39,717$39,717
IX-11c Accounting feesManagement $1,535$1,535
IX-11g Other fees for servicesPrograms $16,948$16,948
IX-12 Advertising and promotionPrograms $11,457 · Management $700$12,157
IX-13 Office expensesPrograms $55 · Management $1,058$1,113
IX-14 Information technologyManagement $2,110$2,110
IX-16 OccupancyPrograms $10,000 · Management $7,998$17,998
IX-17 TravelManagement $159$159
IX-19 Conferences, conventions and meetingsPrograms $324 · Management $1,600$1,924
IX-20 InterestManagement $74$74
IX-23 InsuranceManagement $2,618$2,618
IX-24 Other expenses (24a–d)Programs $608,978$608,978
IX-24e All other expensesPrograms $401 · Management $5,807$6,208
IX-25 Total functional expensesPrograms $717,560 · Management $112,833 · Fundraising $7,385$837,778
Part X · Balance sheet $222,754 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $12,451$8,827
X-2 Savings and temporary cash investmentsStart of year $846,536$213,927
X-16 Total assetsStart of year $858,987$222,754
X-17 Accounts payable and accrued expensesStart of year $2,774$5,750
X-24 Unsecured notes and loans payable$21,900
X-26 Total liabilitiesStart of year $2,774$27,650
X-27 Net assets without donor restrictionsStart of year $199,940$195,104
X-32 Total net assets or fund balancesStart of year $856,213$195,104
X-33 Total liabilities and net assetsStart of year $858,987$222,754
Part XI · Reconciliation of net assets $195,104 net assets at year end
XI-1 Total revenue$176,669
XI-2 Total expenses$837,778
XI-3 Revenue less expenses−$661,109
XI-4 Net assets at start of year$856,213
XI-10 Net assets at end of year$195,104

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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