Nonprofit · EIN 88-3879688
DOWNTOWN MEBANE DEVELOPMENT CORPORATION
Tax-exempt · MEBANE, NC 27302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $152,611 | $122,803 | $29,808 | $193,874 | $31,391 | $162,483 |
| June 30, 2024 | 990 | $145,399 | $122,240 | $23,159 | $140,018 | $7,343 | $132,675 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $152,611
- of which government grants
- $145,900
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,604
- Salaries, compensation and benefits (total)
- $82,544
- Professional fundraising fees
- $0
- Accounting fees
- $17,754
- Travel
- $2,696
- Program services (functional)
- $110,046
- Management and general (functional)
- $12,757
Balance sheet and other
- Total assets, start of year
- $140,018
- Total assets, end of year
- $193,874
- Total liabilities, end of year
- $31,391
- Net assets, end of year
- $162,483
- Net assets without donor restrictions
- $25,883
- Net assets with donor restrictions
- $136,600
- Gross receipts
- $152,611
- Employees
- 2
- Volunteers
- 55
- Year formed
- 2022
- 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 |
|---|---|---|---|
| LAURA SCHAEFER | EXECUTIVE DIRECTOR Officer | 40 | $38,020 |
| SUGAREE THORNTON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GREG PAYNE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| STEVE KRANS | DIRECTOR Trustee or director | 1 | $0 |
| PEYTON FUQUA | SECRETARY Trustee or director, Officer | 1 | $0 |
| SARAH WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| KAVITA PATEL | DIRECTOR Trustee or director | 1 | $0 |
| ADRIAN ZECK | DIRECTOR Trustee or director | 1 | $0 |
| KEN WALKER | DIRECTOR Trustee or director | 1 | $0 |
| TORY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA DALLAS | DIRECTOR Trustee or director | 1 | $0 |
| GREG PAYNE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE KRANS | CO-PRESIDENT/VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| PEYTON FUQUA | DIRECTOR Trustee or director | 1 | $0 |
| SARAH WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| KAT MATHIAS | CO-PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| SUGAREE THORNTON | CO-PRESIDENT/SECRETARY Trustee or director, Officer | 1 | $0 |
| KEN WALKER | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA GUTTMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAN SHANNON | PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 202 S FIFTH ST, MEBANE, NC 27302-2704
- In care of
- % KATHRYN MATHIAS
- Principal officer (990 for 2024)
- SUGAREE THORNTON, 106 E WASHINGTON ST, MEBANE, NC 27302
- Signed the 990
- SUGAREE THORNTON, BOARD PRESIDENT
- Phone
- (336) 269-6154
- Return prepared by
- DUNCAN ASHE PA
Mission
THE MISSION OF THE DOWNTOWN MEBANE DEVELOPMENT CORPORATION IS TO FACILITATE THE REVITALIZATION AND PRESERVATION OF HISTORIC DOWNTOWN MEBANE THROUGH AN INCLUSIVE COLLABORATION AND PARTNERSHIP WITH GREATER MEBANE.
Program accomplishments
- THIS YEAR, THE DOWNTOWN MEBANE DEVELOPMENT CORPORATION EARNED DESIGNATION AS A MAIN STREET AMERICA ACCREDITED PROGRAM. DMDC HELPED WELCOME 5 NEW BUSINESSES DOWNTOWN, CONNECTED PROPERTY OWNERS WITH RESOURCES FOR 5 FACADE IMPROVEMENTS, AND SUPPORTED A CLIMATE FOR GROWTH THAT CONTRIBUTED TO 10 NEW JOBS. OUR 55 VOLUNTEERS DEDICATED 672.5 HOURS TO EVENTS AND INITIATIVES THAT STRENGTHEN DOWNTOWN. TOGETHER, THESE ACCOMPLISHMENTS REFLECT DMDC'S COMMITMENT TO SUPPORTING SMALL BUSINESSES, GUIDING REVITALIZATION, AND BUILDING A THRIVING DOWNTOWN COMMUNITY.Expenses $110,046
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
- 88-3879688
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $193,874
- Income (IRS master file)
- $152,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $152,611 | $122,803 | $193,874 | XML |
| 990 | June 2024 | $145,399 | $122,240 | $140,018 | XML |
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 88-3879688).
Questions about DOWNTOWN MEBANE DEVELOPMENT CORPORATION
- What is the EIN of DOWNTOWN MEBANE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN MEBANE DEVELOPMENT CORPORATION is 88-3879688.
- Is DOWNTOWN MEBANE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to DOWNTOWN MEBANE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN MEBANE DEVELOPMENT CORPORATION 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 DOWNTOWN MEBANE DEVELOPMENT CORPORATION 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 DOWNTOWN MEBANE DEVELOPMENT CORPORATION 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 DOWNTOWN MEBANE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names SUGAREE THORNTON.
- Who are the officers and directors of DOWNTOWN MEBANE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $38,020 (LAURA SCHAEFER, EXECUTIVE DIRECTOR).
- How much revenue does DOWNTOWN MEBANE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $152,611, expenses of $122,803 and total assets of $193,874 at year end.
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- FOSTER FAMILY ALLIANCE OF NORTH CAROLINA EIN 51-0174878 · last filed 990 for 2024
- ANIMAL PROTECTION SOCIETY OF ORANGE CO INC EIN 23-7181780 · last filed 990 for 2025
- CHRISTIAN EDUCATION SOCIETY OF MEBANE INC EIN 20-3748888 · last filed 990 for 2025
All nonprofits in MEBANE · North Carolina · Community improvement and capacity building