STRATEGY STUDIO / PUBLIC DATA EXPLORER

DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
DOWNTOWN BELMONT DEVELOPMENT ASSOCIATION (EIN 47-4333734)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202641359349309189
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T14:14:40-04:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561056216PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCCANNON ROGERS DRISCOLL & ASSOC LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 339AddressLine1Txt
CityGASTONIACityNm
State AbbreviationNCStateAbbreviationCd
ZIP280530339ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474333734EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DOWNTOWN BELMONT DEVELOPMENT ASSOCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDOWNBusinessNameControlTxt
Phone7049012082PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 431AddressLine1Txt
CityBELMONTCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCASSIDY LACKEYPersonNm
Person TitleCOMMUNITY DEVELOPMENPersonTitleTxt
Signature2026-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKAREN M WALKERPreparerPersonNm
PTINP02403110PTIN
Phone7048670264PhoneNum
Preparation2026-05-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerELIZABETH SIMCOXPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 431AddressLine1Txt
CityBELMONTCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28012ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$173,098GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressDOWNTOWNBELMONT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionTO FURTHER ADVANCE THE ECONOMIC, AESTHETIC AND CULTURAL ENVIRONMENT OF HISTORIC DOWNTOWN BELMONT, NC.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers80TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$64,350PYContributionsGrantsAmt
CY Contributions Grants$129,192CYContributionsGrantsAmt
PY Program Service Revenue$197,647PYProgramServiceRevenueAmt
CY Program Service Revenue$43,906CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$261,997PYTotalRevenueAmt
CY Total Revenue$173,098CYTotalRevenueAmt
PY Grants And Similar Paid$14,637PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$251,388PYOtherExpensesAmt
CY Other Expenses$156,729CYOtherExpensesAmt
PY Total Expenses$266,025PYTotalExpensesAmt
CY Total Expenses$156,729CYTotalExpensesAmt
PY Revenues Less Expenses-$4,028PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$16,369CYRevenuesLessExpensesAmt
Total Assets BOY$47,130TotalAssetsBOYAmt
Total Assets EOY$62,743TotalAssetsEOYAmt
Total Liabilities BOY$3,003TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,247TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$44,127NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$60,496NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO FURTHER ADVANCE THE ECONOMIC, AESTHETIC AND CULTURAL ENVIRONMENT OF HISTORIC DOWNTOWN BELMONT, NC.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$138,958ExpenseAmt
DescSUMMER CONCERT SERIES INCLUDING FRIDAY NIGHT LIVE AND SOUNDTRACKS. DOWNTOWN BELMONT IS AMPLIFIED WITH LIVE MUSIC EVERY OTHER FRIDAY NIGHT STARTING IN LATE APRIL THROUGH JULY 4TH. THE DBDA HOLDS THESE CONCERTS FOR THE COMMUNITY AND BRINGS IN A DIVERSE LINE UP OF MUSIC EVERY YEAR. THESE SUMMER CONCERTS ARE EXTREMELY POPULAR, KID FRIENDLY, AND DRAW THOUSANDS OF SPECTATORS INTO DOWNTOWN. IN ADDITION TO THE FRIDAY NIGHT CONCERTS, DBDA HOSTS A CHRISTMAS FESTIVAL AS WELL AS OTHER COMMUNITY EVENTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$6,685ExpenseAmt
DescGRANTS TO LOCAL BUSINESSESDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
DescALL OTHER EVENTSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$145,643TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCASSIDY LACKEYPersonNm
Phone7049012082PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1115 N MAIN STREETAddressLine1Txt
CityBELMONTCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28012ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
CASSIDY LACKEY
COMMUNITY DE40.00Yes (X)$0$84,311$0
AMY BOSSARD
VICE CHAIR2.00Yes (X)$0$0$0Yes (X)
KATIE BRADLEY
BOARD MEMBER2.00Yes (X)$0$0$0
KELLY GLANTZ
BOARD MEMBER1.00Yes (X)$0$0$0
JIM HEFFERAN
CITY COUNCIL2.00Yes (X)$0$0$0
WENDY HOSTETLER
BOARD MEMBER2.00Yes (X)$0$0$0
KEVIN KROUSE
SECRETARY2.00Yes (X)$0$0$0Yes (X)
SUSAN MARTELLO
CHAIR2.00Yes (X)$0$0$0Yes (X)
SETH SHERRIN
ORGANIZATION2.00Yes (X)$0$0$0
ELIZABETH SIMCOX
TREASURER2.00Yes (X)$0$0$0Yes (X)
ALEX SZUCS
BOARD MEMBER1.00Yes (X)$0$0$0
AL WALL
EVC CO- CHAI2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$84,311TotReportableCompRltdOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Related Organizations$57,000RelatedOrganizationsAmt
All Other Contributions$72,192AllOtherContributionsAmt
Total Contributions$129,192TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescEVENT FEESDesc
Business711110BusinessCd
Total Revenue Column$43,906TotalRevenueColumnAmt
Related Or Exempt Func Income$43,906RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$43,906TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$173,098TotalRevenueColumnAmt
Related Or Exempt Func Income$43,906RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,794TotalAmt
Management And General$9,794ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$104,816TotalAmt
Program Services$104,816ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,022TotalAmt
Program Services$3,022ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,684TotalAmt
Program Services$1,684ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$45TotalAmt
Management And General$45ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,876TotalAmt
Program Services$2,876ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
EQUIPMENT RENTAL$15,762$15,762
COMMUNITY GRANTS$6,685$6,685
MEALS & ENTERTAINMENT$5,625$5,625
CONTRACT LABOR$5,173$5,173

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,247TotalAmt
Management And General$1,247ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$156,729TotalAmt
Program Services$145,643ProgramServicesAmt
Management And General$11,086ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$36,157BOYAmt
EOY$60,603EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$10,973BOYAmt
EOY$2,140EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$47,130BOYAmt
EOY$62,743EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,003BOYAmt
EOY$2,247EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,003BOYAmt
EOY$2,247EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$44,127BOYAmt
EOY$60,496EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$44,127BOYAmt
EOY$60,496EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$47,130BOYAmt
EOY$62,743EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$16,369ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$46,428CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$145,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$76,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$64,350CurrentTaxYearMinus1YearAmt
Current Tax Year$129,192CurrentTaxYearAmt
Total$461,070TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$46,428CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$145,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$76,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$64,350CurrentTaxYearMinus1YearAmt
Current Tax Year$129,192CurrentTaxYearAmt
Total$461,070TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$135,895SubstantialContributorsTotAmt
Public Support Total170$325,175PublicSupportTotal170Amt
Total Support$461,070TotalSupportAmt
Gross Receipts Rltd Activities$441,878GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70530PublicSupportCY170Pct
Public Support PY1700.86930PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Rev Etc Audited Fincl Stmt$173,098TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$173,098RevenueSubtotalAmt
Total Revenue Per Form990$173,098TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$156,729TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$156,729ExpensesSubtotalAmt
Total Expenses Per Form990$156,729TotalExpensesPerForm990Amt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DALL OTHER EVENTS
FORM 990, PAGE 6, PART VI, LINE 11BREVIEWED BY THE EXECUTIVE BOARD MEMBERS, BEFORE BEING FULLY SUBMITTED TO IRS.
FORM 990, PAGE 6, PART VI, LINE 19990 KEPT IN THE DIRECTOR'S OFFICE WHO IS A CITY EMPLOYEE AND THEREFORE IS OPEN TO THE PUBLIC.
FORM 990, PART IX, LINE 11GCONTRACT FEES FOR EVENTS 15,210 0 0 CHARLOTTE SYMPHONY ORCHESTRA 5,000 0 0 CHRONICLE MILL MURAL 26,970 0 0 FRIDAY NIGHT LIVE 57,636 0 0 TOTAL 104,816 0 0