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Downtown Merchants Of Blacksburg Inc

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

EIN: 541275654 ✦ Blacksburg, VA ✦ Designated as a 501(c)(6)

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Overview

What is Downtown Merchants Of Blacksburg Inc?

Downtown Merchants of Blacksburg Inc is a nonprofit organization that cultivates community engagement and encourages tourism within the downtown area of Blacksburg. Their primary mission involves organizing promotional events and investing the proceeds from these events and membership dues back into the community, specifically for improving the downtown infrastructure and supporting local projects, in line with the Downtown Master Plan. The organization's activities are carried out by its director and volunteer members, contributing to the overall development and vitality of the downtown community.


Official website here: www.downtownblacksburg.com

Is Downtown Merchants Of Blacksburg Inc legitimate?

Downtown Merchants Of Blacksburg Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downtown Merchants Of Blacksburg Inc submitted a form 990, 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $46,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.downtownblacksburg.com

What is the mission statement of Downtown Merchants Of Blacksburg Inc?

The Downtown Merchants of Blacksburg Inc aims to foster community tourism and engagement in its local area. They carry out various promotional events to boost the downtown district, utilizing the funds collected from these events and membership dues. These funds are then channeled back into the community for improvements in line with the Downtown Master Plan and support for community projects. The organization's activities are driven by the Director of DMOB and volunteers within the organization.


Official website here: www.downtownblacksburg.com

Who is the CEO of Downtown Merchants Of Blacksburg Inc?

Leigh Sutherland is the Board Member of Downtown Merchants Of Blacksburg Inc.


Official website here: www.downtownblacksburg.com

What is the revenue of Downtown Merchants Of Blacksburg Inc?

Downtown Merchants Of Blacksburg Inc's revenue in 2022 was $173,652.


Official website here: www.downtownblacksburg.com

Who are the executives of Downtown Merchants Of Blacksburg Inc and what are their salaries?

The average compensation at Downtown Merchants Of Blacksburg Inc during 2022 was $23,264. There are 2 employees and 100 volunteers at Downtown Merchants Of Blacksburg Inc.


Here are 9 key members and their salaries:


Jessica Jones (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Soriano (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Woerner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Bareiss (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Skip Slocum (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Sutherland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monena Hall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Wood (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracie Hughes (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.downtownblacksburg.com

Where can I find the form 990 for Downtown Merchants Of Blacksburg Inc?

Downtown Merchants Of Blacksburg Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.downtownblacksburg.com

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

Mission Statement of Downtown Merchants Of Blacksburg Inc

Downtown Merchants of Blacksburg Inc, as an organization, is dedicated to fostering community tourism and involvement within the downtown area. Their primary mission is to organize promotional events that enhance the downtown area, utilizing funds generated from these events and membership dues to fund improvements in line with the Downtown Master Plan and support for various community projects. The activities initiated by Downtown Merchants of Blacksburg Inc are carried out through the efforts of their director as well as volunteers from within the organization. The aim is to contribute positively to the downtown community and promote its growth and development.

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Impact




October, 2024

Downtown Merchants of Blacksburg Inc. plays a vital role in enhancing community engagement and fostering tourism in the downtown area of Blacksburg, Virginia. Through a range of promotional events, they create opportunities for residents and visitors to connect with local businesses and participate in community activities, effectively boosting foot traffic and local commerce.

The organization actively invests the funds generated from these events and membership dues back into the community. This reinvestment is strategically aligned with the Downtown Master Plan, ensuring that improvements meet the evolving needs of the area. The focus on community involvement not only enhances the downtown experience but also cultivates a sense of belonging among residents.

By conducting various events, Downtown Merchants of Blacksburg Inc. supports not only the promotion of local businesses but also the development of community projects, thereby strengthening the social fabric of the area. Their dedicated efforts, alongside the involvement of volunteers, create a collaborative environment that encourages growth, innovation, and a vibrant downtown culture, making a lasting impact on the community as a whole.




This information is meant to be a general summary of Downtown Merchants Of Blacksburg 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
$173,652 (2022)
Expenses
$190,697 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $13
  • Program Service Revenue: $97,014
  • Gross Receipts: $183,454

Assets and Liabilities:

  • Total Assets: $141,977
  • Total Liabilities: $115,736
  • Net Assets: $26,241

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

STEPPIN' OUT

Revenue

$73,434

SOLSTICE

Revenue

$20,336

ART AT THE MARKET

Revenue

$1,152

WINTER LIGHTS

Revenue

$1,250

16 FROGS

Revenue

$842

Organization Details

Founding Year

2002

Principal Officer

Leigh Sutherland

Main Address

PO BOX 233, BLACKSBURG, VA, 24060

NTEE Category

Code: S41 - Community improvement

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