Concord Downtown Development Corporation

Not tax-deductible

Concord, NC501(c)(6)EIN 56-1666570

On file with the IRSconcorddowntown.com30 Cabarrus Ave W, 28025-4702 · Concord, NCTax-exempt since Apr 1990

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The mission of Concord Downtown Development Corporation is to enhance the economic, social, and aesthetic values of historic Downtown Concord through business Development, business recruitment, promotion and design, through the leveraging of public and private partnerships.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990-EZIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-EZ
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $5K a year · 5% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Liabilities
$880
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Net assets
$6K
By yearFY2020–FY2024
Revenue
$0
FY2024▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$217K
FY2021$100K
FY2022$2K
FY2023$301
FY2024$0
Expenses
—
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$108K
FY2022$10K
FY2023Not on file
FY2024Not on file
Net assets
$6K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$25K
FY2021$17K
FY2022$9K
FY2023$7K
FY2024$6K

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1990.

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

Who runs it and what they're paid

12 people listed on the 990-EZ.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cabarrus County Appointed
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Johnson Bray$76,205$75,604

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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Programs and updates

Improves downtown Concord's economy, appearance, and community through business support and partnerships.

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Provided by the organization

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1 program · $4K · in their own filed words · FY2021
01

Provide information and programs for the community of concord, north carolina in order to promote and assist in the redevelopment, beautification, and revitalization of the downtown area.

$4Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $26K · 2019–2020
Unitemized GrantFY2020$9,500
Unitemized GrantFY2019$16,841

By the numbers

The FY2024 990-EZ, line by line.

1The main four
Money in
$0
Owns and owes
$6K
net assets
Liabilities$880
People
12
listed
Paid0
2In more detail
Revenue in detail
Total revenue$0
Assets in detailEnd of year
Liabilities$880
Net assets$6K
Operations
Employees3
Volunteers0
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $0$6K 990 PDF
FY2023 $301$7K 990 PDF
FY2022 $2K$10K−$8K$9K 990 PDF
FY2021 $100K$108K−$9K$17K 990 PDF
FY2020 $217K$216K$547$25K 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

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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