Downtown Asheboro Inc

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

EIN: 843444377 ✦ Asheboro, NC ✦ Designated as a 501(c)(3)

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Overview

What is Downtown Asheboro Inc?

Downtown Asheboro Inc, based at 137 South Fayetteville Street, Asheboro, NC 27203, is a dedicated nonprofit organization. Their primary focus is on honoring history by acquiring, restoring, and preserving historic homes, churches, and public buildings. By promoting businesses within these historic structures, they aim to strengthen the core of downtown historic preservation activities. With a modest workforce of one employee, Downtown Asheboro Inc contributes to the preservation and revitalization of Asheboro's historical landmarks.

Is Downtown Asheboro Inc legitimate?

Downtown Asheboro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Asheboro 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: $39,148
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Downtown Asheboro Inc?

Downtown Asheboro Inc's mission is centered around boosting the businesses within historic structures. This objective is aimed at strengthening the foundation for downtown historic preservation activities. By promoting these businesses, Downtown Asheboro Inc seeks to foster an appreciation for history, as demonstrated through its activities in acquiring, restoring, and preserving historical homes, churches, and public buildings.

Who is the CEO of Downtown Asheboro Inc?

Al Laprade is the Chair of Downtown Asheboro Inc.

What is the revenue of Downtown Asheboro Inc?

Downtown Asheboro Inc's revenue in 2023 was $297,229.

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

The average compensation at Downtown Asheboro Inc during 2023 was $39,148. There is 1 employee and 15 volunteers at Downtown Asheboro Inc.


Here are 9 key members and their salaries:


Al Laprade (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Mcclosky (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Gallimore (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Heath (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Homiller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reynolds Lisk (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendi Mink (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Osteen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christie Luckenbach (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Downtown Asheboro Inc?

Downtown Asheboro Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Downtown Asheboro Inc

Downtown Asheboro Inc, a nonprofit organization, is dedicated to fostering a stronger core for historic preservation activities by promoting businesses within historic structures. Their mission lies in the appreciation of history, as they work towards acquiring, restoring, and preserving homes, churches, and public buildings. By supporting these historic structures and the businesses within them, Downtown Asheboro Inc aims to contribute to the overall revitalization and preservation of the historic heart of the community.

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Impact




October, 2024

Downtown Asheboro Inc plays a significant role in enhancing the cultural and economic landscape of Asheboro, North Carolina. By focusing on the promotion of businesses operating within historic structures, the organization strengthens the downtown area's vitality and encourages a sense of community identity.

Through its efforts in historic preservation, Downtown Asheboro Inc cultivates an appreciation for the rich history of the area. This promotes not only the acquisition and restoration of historic homes, churches, and public buildings but also fosters a deeper connection among residents and visitors to Asheboro’s heritage.

The initiative creates a vibrant atmosphere that attracts both locals and tourists, ultimately contributing to the economic growth of the downtown core. As more businesses thrive in historic settings, the charm and uniqueness of Asheboro are amplified, making the city an appealing destination for arts and culture enthusiasts. In doing so, Downtown Asheboro Inc anchors its mission in supporting local commerce while preserving the historical significance of the community.




This information is meant to be a general summary of Downtown Asheboro 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
$297,229 (2023)
Expenses
$265,863 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $370
  • Gross Receipts: $297,229

Assets and Liabilities:

  • Total Assets: $133,036
  • Total Liabilities: $31,861
  • Net Assets: $101,175

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Programs

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

Event Income

Revenue

$370

Organization Details

Founding Year

2019

Principal Officer

Al Laprade

Main Address

137 SOUTH FAYETTEVILLE STREET, ASHEBORO, NC, 27203

NTEE Category

Code: A82 - Arts

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