Nonprofit · EIN 56-1581821
MOORESVILLE DOWNTOWN COMMISSION INC
Tax-exempt · MOORESVILLE, NC 28115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $352,483 | $392,779 | -$40,296 | $102,551 | $11,418 | $91,133 |
| June 30, 2024 | 990 | $328,398 | $343,692 | -$15,294 | $132,343 | $914 | $131,429 |
| June 30, 2023 | 990 | $284,446 | $292,802 | -$8,356 | $152,933 | $6,210 | $146,723 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $288,562
- of which government grants
- $288,562
- Program service revenue
- $62,323
- Investment income
- $1,598
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $145,312
- Salaries, compensation and benefits (total)
- $155,838
- Professional fundraising fees
- $0
- Accounting fees
- $19,061
- Occupancy
- $5,500
- Travel
- $2,073
- Depreciation
- $453
- Program services (functional)
- $232,737
- Management and general (functional)
- $160,042
Balance sheet and other
- Total assets, start of year
- $132,343
- Total assets, end of year
- $102,551
- Total liabilities, end of year
- $11,418
- Net assets, end of year
- $91,133
- Land, buildings and equipment
- $2,402
- Net assets without donor restrictions
- $91,133
- Gross receipts
- $352,483
- Employees
- 2
- Year formed
- 1987
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK BLANKENSHIP | DIRECTOR Trustee or director | – | $0 |
| SHAWNELLE CHERRY | DIRECTOR Trustee or director | – | $0 |
| MARK FOWLER | DIRECTOR AT- Trustee or director | – | $0 |
| JOEL GOODMAN | DIRECTOR Trustee or director | – | $0 |
| STEPHANIE HATHAWAY | DIRECTOR Trustee or director | – | $0 |
| BARB PFEFFER | DIRECTOR Trustee or director | – | $0 |
| HUGH SYKES | DIRECTOR AT- Trustee or director | – | $0 |
| JOHN WALSH | DIRECTOR AT- Trustee or director | – | $0 |
| LISA ALTIERI | DIRECTOR Officer | – | $0 |
| DENNIS COWARDEN | DIRECTOR AT- Officer | – | $0 |
| RON MACK | DIRECTOR Officer | – | $0 |
| KIM SARAGONI | CHAIRMAN Officer | – | $0 |
| PAUL THOMPSON | TREASURER Officer | – | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK BLANKENSHIP | DIRECTOR Trustee or director | – | $0 |
| SHAWNELLE CHERRY | DIRECTOR Trustee or director | – | $0 |
| MARK FOWLER | DIRECTOR AT- Trustee or director | – | $0 |
| JOEL GOODMAN | DIRECTOR Trustee or director | – | $0 |
| STEPHANIE HATHAWAY | SECRETARY Trustee or director | – | $0 |
| BARB PFEFFER | DIRECTOR Trustee or director | – | $0 |
| HUGH SYKES | DIRECTOR AT- Trustee or director | – | $0 |
| JOHN WALSH | DIRECTOR AT- Trustee or director | – | $0 |
| DENNIS COWARDEN | IMMEDIATE PA Officer | – | $0 |
| KIM SARAGONI | CHAIRMAN Officer | – | $0 |
| PAUL THOMPSON | TREASURER Officer | – | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK BLANKENSHIP | DIRECTOR Trustee or director | – | $0 |
| SHAWNELLE CHERRY | DIRECTOR Trustee or director | – | $0 |
| MARK FOWLER | DIRECTOR Trustee or director | – | $0 |
| JOEL GOODMAN | DIRECTOR Trustee or director | – | $0 |
| STEPHANIE HATHAWAY | DIRECTOR Trustee or director | – | $0 |
| MEGAN MORROW | SECRETARY Trustee or director, Officer | – | $0 |
| BARB PFEFFER | DIRECTOR Trustee or director | – | $0 |
| PAM REIDY | DIRECTOR AT- Trustee or director | – | $0 |
| HUGH SYKES | DIRECTOR AT- Trustee or director | – | $0 |
| JOHN WALSH | DIRECTOR AT- Trustee or director | – | $0 |
| DENNIS COWARDEN | IMMEDIATE PA Officer | – | $0 |
| KIM SARAGONI | CHAIRMAN Officer | – | $0 |
| PAUL THOMPSON | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 215 N MAIN ST, MOORESVILLE, NC 28115-2527
- Principal officer (990 for 2024)
- KIM SARAGONI
- Signed the 990
- PAUL THOMPSON, TREASURER
- Phone
- (704) 662-3336
- Website
- WWW.DOWNTOWNMOORESVILLE.COM
- Return prepared by
- GBK ADVISORS PLLC
Mission
THE MOORESVILLE DOWNTOWN COMMISSION FACILITATES DOWNTOWN DEVELOPMENT, SUPPORTS PRESERVATION ACTIVITIES AND PLANS, AND PROMOTES AND IMPLEMENTS EVENTS.
Program accomplishments
- ARTS CULTURE AND HUMANITIES PROGRAMS, GENERAL/OTHER: PROVIDES ACTIVITIES FOR DOWNTOWN MERCHANTS IN ORDER TO INCREASE THEIR BUSINESS BY SPONSORING EVENTS DOWNTOWN.Expenses $59,725 · revenue $62,323
- ARCHITECTURAL AND LANDSCAPE DESIGN SERVICES: PROVIDES GRANTS FOR DOWNTOWN MERHANTS AND STAKEHOLDERS TO BEAUTIFY THEIR PLACES OF BUSINESS AND THE SURROUNDING BUSINESS DISTRICTExpenses $16,000
- BUSINESS DISTRICT REVITALIZATION PROGRAMS: PROVIDES BEAUTIFICATION TO DOWNTOWN STREETS INCLUDING LANDSCAPING AND HOLIDAY DECORATIONSExpenses $21,164
- MISCELLANEOUS PROGRAMSExpenses $135,848
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1581821
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $102,551
- Income (IRS master file)
- $352,483
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $352,483 | $392,779 | $102,551 | XML |
| 990 | June 2024 | $328,398 | $343,692 | $132,343 | IRS |
| 990 | June 2023 | $284,446 | $292,802 | $152,933 | XML |
| 990 | June 2022 | $261,712 | $277,759 | $173,751 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1581821).
Questions about MOORESVILLE DOWNTOWN COMMISSION INC
- What is the EIN of MOORESVILLE DOWNTOWN COMMISSION INC?
- The employer identification number (EIN) of MOORESVILLE DOWNTOWN COMMISSION INC is 56-1581821.
- Is MOORESVILLE DOWNTOWN COMMISSION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1988.
- Are donations to MOORESVILLE DOWNTOWN COMMISSION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MOORESVILLE DOWNTOWN COMMISSION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOORESVILLE DOWNTOWN COMMISSION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOORESVILLE DOWNTOWN COMMISSION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MOORESVILLE DOWNTOWN COMMISSION INC?
- The 990 for the year ended June 30, 2025 names KIM SARAGONI.
- Who are the officers and directors of MOORESVILLE DOWNTOWN COMMISSION INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does MOORESVILLE DOWNTOWN COMMISSION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $352,483, expenses of $392,779 and total assets of $102,551 at year end.
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