Nonprofit · EIN 56-2253512
WILSON DOWNTOWN PROPERTIES INC
Tax-exempt · WILSON, NC 27894
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,903 | $21,376 | -$9,473 | $273,300 | $0 | $273,300 |
| June 30, 2024 | 990 | $17,038 | $18,172 | -$1,134 | $282,773 | $0 | $282,773 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,388
- Investment income
- $2,515
- Net gain from sales of assets
- $2,500
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $9,074
- Accounting fees
- $1,365
- Program services (functional)
- $10,884
- Management and general (functional)
- $10,492
Balance sheet and other
- Total assets, start of year
- $282,773
- Total assets, end of year
- $273,300
- Total liabilities, end of year
- $0
- Net assets, end of year
- $273,300
- Land, buildings and equipment
- $111,662
- Net assets without donor restrictions
- $273,300
- Gross receipts
- $11,903
- Employees
- 0
- Year formed
- 1996
- 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 |
|---|---|---|---|
| KEN HILL | DIRECTOR Trustee or director | – | $0 |
| JACK WIGGINS III | DIRECTOR Trustee or director | – | $0 |
| SARA NUNEZ | DIRECTOR Trustee or director | – | $0 |
| ELIOT SMITH | DIRECTOR Trustee or director | – | $0 |
| BRAD THOMPSON | DIRECTOR Trustee or director | – | $0 |
| STEVE WILLIAMS | DIRECTOR Trustee or director | – | $0 |
| BILLY WOODARD | DIRECTOR Trustee or director | – | $0 |
| FRANK KIDD | PAST PRESIDE Officer | – | $0 |
| CECILIA PETRELLA | VICE PRESIDE Officer | – | $0 |
| BETSY RASCOE | PRESIDENT Officer | 2 | $0 |
| AMY STATON | TREASURER Officer | – | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN HILL | DIRECTOR Trustee or director | – | $0 |
| HENRY WALSTON IV | DIRECTOR Trustee or director | – | $0 |
| CECILIA PETRELLA | DIRECTOR Trustee or director | – | $0 |
| ELIOT SMITH | DIRECTOR Trustee or director | – | $0 |
| BRAD THOMPSON | DIRECTOR Trustee or director | – | $0 |
| STEVE WILLIAMS | DIRECTOR Trustee or director | – | $0 |
| WILLIE WILLIAMS | DIRECTOR Trustee or director | – | $0 |
| JACK WIGGINS III | PAST PRESIDE Officer | – | $0 |
| FRANK KIDD | PRESIDENT Officer | – | $0 |
| BETSY PETERS | VISE PRSIDEN Officer | – | $0 |
| AMY STATON | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10, WILSON, NC 27894-0010
- In care of
- % LEIGH ANN BRASWELL
- Mailing address (990-N for 2009)
- PO Box 10, Wilson NC 278940010
- Principal officer (990 for 2024)
- BETSY RASCOE, 1009 WOODLAND DRIVE NW, WILSON, NC 27893
- Principal officer (990-N for 2009)
- Henry H Walston IV, PO Box 10, Wilson NC 278940010
- Signed the 990
- BETSY RASCOE, PRESIDENT
- Phone
- (252) 206-5260
- Return prepared by
- LANE & PRIDGEN CPA PA
Mission
INVOLVED IN CREATING AND PLACEMAKING AND PROPERTY REDEVELOPMENT PROJECTS THROUGH ECONOMIC DEVELOPMENT, ART, CULTURE, INNOVATION AND PRESERVATION THAT DRIVES COMMUNITY AND ECONOMIC INVESTMENT TO FULLY REALIZE THE VISION OF HISTORIC DOWNTOWN WILSON, NC.
Program accomplishments
- ACQUIRING AND RENOVATING PROPERTIES IN DOWNTOWN WILSON, NCExpenses $10,884 · revenue $11,903
- PROCURE AND PRESERVE LOCAL WHIRLIGIG COLLECTION.
- AQUIRING AND RENOVATION PROPERTIES IN DOWNTOWN WILSON, NC
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 56-2253512
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $273,300
- Income (IRS master file)
- $11,903
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,903 | $21,376 | $273,300 | XML |
| 990 | June 2024 | $17,038 | $18,172 | $282,773 | XML |
| 990 | June 2023 | $105,547 | $26,201 | $283,907 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-N for 2009 Officer: Henry H Walston IV | June 30, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-2253512).
Questions about WILSON DOWNTOWN PROPERTIES INC
- What is the EIN of WILSON DOWNTOWN PROPERTIES INC?
- The employer identification number (EIN) of WILSON DOWNTOWN PROPERTIES INC is 56-2253512.
- Is WILSON DOWNTOWN PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to WILSON DOWNTOWN PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILSON DOWNTOWN PROPERTIES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WILSON DOWNTOWN PROPERTIES 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 WILSON DOWNTOWN PROPERTIES 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 WILSON DOWNTOWN PROPERTIES INC?
- The 990 for the year ended June 30, 2025 names BETSY RASCOE.
- Who are the officers and directors of WILSON DOWNTOWN PROPERTIES INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does WILSON DOWNTOWN PROPERTIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,903, expenses of $21,376 and total assets of $273,300 at year end.
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