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Downtown Lima Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311549007 ✦ Lima, OH ✦ Designated as a 501(c)(3)

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Overview

What is Downtown Lima Inc?

Downtown Lima Inc is a nonprofit organization, centered in Lima, with a mission to foster economic growth, enhance the aesthetic appeal, and establish a favorable image of the Downtown area as an appealing location for work, residence, shopping, and investment. They accomplish this by orchestrating special events, boosting tourism, investing in area beautification, and recognizing significant contributions to the Downtown community. Downtown Lima Inc operates as a membership-based organization, committed to stimulating development, enhancing the Downtown's appearance, and promoting a positive image.


Official website here: www.visitdowntownlima.com

Is Downtown Lima Inc legitimate?

Downtown Lima Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Lima Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.visitdowntownlima.com

What is the mission statement of Downtown Lima Inc?

Downtown Lima Inc, as a non-profit organization, is dedicated to stimulating economic growth in its designated area. Its primary goal is to enhance the appearance of the downtown district, making it an appealing place for both work and residence, while also attracting businesses and investors. The organization's activities encompass coordinating special events, promoting tourism, and beautifying the area through the purchase of necessary items and services. Furthermore, Downtown Lima Inc recognizes and honors significant contributions to the development of the downtown sector.


Official website here: www.visitdowntownlima.com

Who is the CEO of Downtown Lima Inc?

Betsy Billingsley is the Executive Director of Downtown Lima Inc.


Official website here: www.visitdowntownlima.com

What is the revenue of Downtown Lima Inc?

Downtown Lima Inc's revenue in 2022 was $161,470.


Official website here: www.visitdowntownlima.com

Who are the executives of Downtown Lima Inc and what are their salaries?


Here are 12 key members and their salaries:


Betsy Billingsley (Executive Director)
  • Compensation: $43,847
  • Related: $0
  • Other: $0
Karen Sommer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Reeks (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Verhoff (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Cook (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Stiles (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Stratton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Seibert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jed Metzger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharetta Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Lyons (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.visitdowntownlima.com

Where can I find the form 990EZ for Downtown Lima Inc?

Downtown Lima Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.visitdowntownlima.com

Learn more at the official website: www.visitdowntownlima.com

Mission Statement of Downtown Lima Inc

Downtown Lima Inc, a non-profit organization, is committed to stimulating economic growth in its downtown area. Their mission is threefold: firstly, they aim to enhance the appearance of the downtown area, making it more appealing to both residents and investors. Secondly, they strive to create a positive image of the downtown, positioning it as an attractive place for work, living, shopping, and investment. Lastly, their efforts are geared towards promoting the downtown as a desirable destination, encouraging individuals and businesses to engage with the area. To achieve these goals, Downtown Lima Inc provides various services, including coordinating special events, promoting tourism, and purchasing items and services for the beautification of the area. They also recognize contributions to the downtown, further strengthening its positive image and fostering a sense of community.

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Impact




October, 2024

Downtown Lima Inc plays a crucial role in enhancing the economic vitality and aesthetic appeal of Downtown Lima, Ohio. By focusing on stimulating economic development, the organization fosters an environment conducive to business growth and investment. Their efforts to improve the appearance of the area contribute to a more inviting atmosphere, making Downtown a desirable place for residents and visitors alike.

The organization coordinates special events that attract tourism and engage the community, creating a vibrant local culture that supports businesses. Moreover, their initiatives in beautifying the area through purchasing items and services demonstrate a commitment to creating a welcoming and attractive environment.

Additionally, Downtown Lima Inc recognizes the contributions of local businesses and individuals, fostering a sense of community and pride among stakeholders. Overall, their work significantly enhances the image of Downtown Lima, promoting it as a thriving destination for work, living, shopping, and investment.




This information is meant to be a general summary of Downtown Lima Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$161,470 (2022)
Expenses
$148,304 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,554
  • Program Service Revenue: $43,389
  • Gross Receipts: $161,470

Assets and Liabilities:

  • Total Assets: $208,487
  • Total Liabilities: $7,494
  • Net Assets: $200,993

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Organization Details

Principal Officer

Betsy Billingsley

Main Address

144 S MAIN ST 201, LIMA, OH, 45801

NTEE Category

Code: S30 - Community improvement

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