DOWNTOWN RENAISSANCE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- DOWNTOWN RENAISSANCE INC (EIN 56-1484798)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2014-04-10
- IRS object ID
- 201421009349300307
- Schema version
- 2011v1.5
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-04-10T09:23:18-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 ROUNDABOUT COURT | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561484798 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOWNTOWN RENAISSANCE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DOWN | NameControl |
| Phone | 2524462341 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 124 SOUTH CHURCH STREET | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27801 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SAMUEL JOHNSON | Name |
| Title | SECRETARY | Title |
| Phone | 2524462341 | Phone |
| Date Signed | 2014-03-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEPHEN BARNES | Name |
| PTIN | P01221998 | PTIN |
| Phone | 2524460111 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | SAMUEL JOHNSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 S FRANKLIN ST | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 294027 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1985 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE ECONOMIC DEVELOPMENT IN DOWNTOWN ROCKY MOUNT, NC | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 297050 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 251274 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 76 | InvestmentIncomePriorYear |
| Investment Income Current Year | -59679 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -543 | OtherRevenuePriorYear |
| Other Revenue Current Year | 5613 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 296583 | TotalRevenuePriorYear |
| Total Revenue Current Year | 197208 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1048987 | OtherExpensePriorYear |
| Other Expenses Current Year | 770522 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1048987 | TotalExpensesPriorYear |
| Total Expenses Current Year | 770522 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -752404 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -573314 | RevenuesLessExpensesCY |
| Total Assets BOY | 7443910 | TotalAssetsBOY |
| Total Assets EOY | 6760285 | TotalAssetsEOY |
| Total Liabilities BOY | 9245000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9134689 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -1801090 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -2374404 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE ORGANIZATION WAS FORMED TO 1) COMBAT DETERIORATION IN THE DOWNTOWN AREA OF ROCKY MOUNT, 2) REDUCE THE UNEMPLOYMENT AND UNDEREMPLOYMENT OF MINORITIES IN THE ROCKY MOUNT AREA AND 3) ESTABLISH A CENTER WHERE WHITES, BLACKS AND OTHER RACES MAY WORK TOGETHER OR OTHERWISE BE EXPOSED TO EACH OTHER. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 767778 | Expense |
| Description | TO FUND BOND EXPENSES RELATED TO BOND ISSUE FOR IMPERIAL CENTER CONSTRUCTED IN DOWNTOWN ROCKY MOUNT. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2744 | Expense |
| Description | TO MAINTAIN PROPERTIES IN DOWNTOWN ROCKY MOUNT FOR REDEVELOPMENT | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 770522 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAMUEL JOHNSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2524462341 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 S FRANKLIN ST | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| CHRISTINE C MILLER | ||||||
| PRESIDENT | 5.00 | X | X | 0 | 0 | 0 |
| SAMUEL JOHNSON | ||||||
| SECRETARY | 5.00 | X | X | 0 | 0 | 0 |
| JOHN B KINCHELOE | ||||||
| VICE PRESIDENT | 5.00 | X | X | 0 | 0 | 0 |
| CURTIS H ANDREWS JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KEITH BALLENTINE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| EDWARD J BAYSDEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| THOMAS A BETTS JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID COMBS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBBIE DAVIS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JAMES R DICKENS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEVE FARLOW | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM B FLOYD JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN R GESSAMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARIE INSCORE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| HERMAN T JONES | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN R MEBANE JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| THEO H PITT JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEPHEN W RAPER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHRIS ROBBINS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JESSICA SMITH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARTHA TURNEY TESORO | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RON VETERE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARY WELLS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BARDEN WINSTEAD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PETER VARNEY | ||||||
| VICE PRESIDENT | 5.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PNC BANK | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 131 N CHURCH STREET | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | LETTER OF CREDIT AND BOND QUARTERLY FEES | DescriptionOfServices |
| Compensation | 417350 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 251274 | GovernmentGrants |
| Total Contributions | 251274 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61 | TotalRevenueColumn |
| Exclusion | $61 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 6000 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 6000 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6000 | TotalRevenueColumn |
| Exclusion | $6,000 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 37079 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 96819 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -59740 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -59740 | TotalRevenueColumn |
| Exclusion | -$59,740 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | IMPERIAL CENTRE GP, IN | Description |
| Business Code | 531390 | BusinessCode |
| Total Revenue Column | -387 | TotalRevenueColumn |
| Related Or Exempt Function Income | -387 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -387 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 197208 | TotalRevenueColumn |
| Related Or Exempt Function Income | -387 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$53,679 | ExclusionAmount |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 177651 | Total |
| Program Services | 177651 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2744 | Total |
| Program Services | 2744 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 338853 | Total |
| Program Services | 338853 | ProgramServices |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LETTER OF CREDIT FEES | Description |
| Total | 251274 | Total |
| Program Services | 251274 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 770522 | Total |
| Program Services | 770522 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1373 | BOY |
| EOY | 17177 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 407573 | BOY |
| EOY | 546131 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6923794 | BOY |
| EOY | 6073794 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 127412 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115012 | BOY |
| EOY | 127412 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -3842 | BOY |
| EOY | -4229 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7443910 | BOY |
| EOY | 6760285 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9245000 | BOY |
| EOY | 9050000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 84689 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9245000 | BOY |
| EOY | 9134689 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -1801090 | BOY |
| EOY | -2374404 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -1801090 | BOY |
| EOY | -2374404 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7443910 | BOY |
| EOY | 6760285 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -573314 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 437321 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 430160 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 281093 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 297050 | CurrentTaxYearMinus1Year |
| Current Tax Year | 251274 | CurrentTaxYear |
| Total | 1696898 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 437321 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 430160 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 281093 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 297050 | CurrentTaxYearMinus1Year |
| Current Tax Year | 251274 | CurrentTaxYear |
| Total | 1696898 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 1696898 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10010 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4369 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 102 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 76 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6061 | CurrentTaxYear |
| Total | 20618 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10010 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4369 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 102 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 76 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6061 | CurrentTaxYear |
| Total | 20618 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | -581 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | -543 | CurrentTaxYearMinus1Year |
| Current Tax Year | -387 | CurrentTaxYear |
| Total | -1511 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 447331 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 434529 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 280614 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 296583 | CurrentTaxYearMinus1Year |
| Current Tax Year | 256948 | CurrentTaxYear |
| Total | 1716005 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.98890 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.98740 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01200 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01310 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 127412 | InvestmentCostOrOtherBasis |
| Book Value | 127412 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 127412 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CITY OF ROCKY MOUNT | Description |
| Amount | $84,689 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 84689 | TotalOfAmounts |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | BOARD REVIEW POLICY: THE FORM 990 TAX RETURN IS REVIEWED BY THE OFFICERS AND OTHERS AS DEEMED APPROPRIATE PRIOR TO SIGNING AND FILING THE RETURN. |
| FORM 990, PART VI, SECTION C, LINE 19 | DISCLOSURE: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| AMENDED RETURN | FORM 990 IS AMENDED TO REPORT TRANSACTIONS RELATED TO A BOND ISSUE (NOT TAX-EXEMPT) BY THE ORGANIZATION IN A PREVIOUS YEAR. THE BOND TRANSACTIONS WERE HANDLED BY AFFILIATE ENTITIES, INCLUDING THE CITY OF ROCKY MOUNT, AND THE TRANSACTIONS WERE NOT MAINTAINED INDEPENDENTLY BY THE ORGANIZATION. UPON LIQUIDATION OF THE BONDS DURING THE 2013 YEAR, IT WAS DISCOVERED THAT THE TRANSACTIONS SHOULD BE INCLUDED IN THE ORGANIZATION'S FORM 990. THESE TRANSACTIONS AFFECT THE STATEMENT OF REVENUE, STATEMENT OF FUNCTIONAL EXPENSES, BALANCE SHEET, SCHEDULE A - PART III AND SCHEDULE R. A FORM 990-N (E-POSTCARD) FILING WAS ORIGINALLY COMPLETED BY THE ORGANIZATION FOR THE 2011 YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IMPERIAL CENTRE LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 124 SOUTH CHURCH STREET | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | ASSISTS WITH FINANCING DEVELOPMENT IN THE CENTRAL BUSINESS DISTRICT | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF ROCKY MOUNT | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 331 SOUTH FRANKLIN ST | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 278021180 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | OVERSIGHT OF BOND TRANSACTIONS AND CONTRIBUTIONS | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Exempt Code Section | GOVERNMENT | ExemptCodeSection |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IMPERIAL CENTRE PARTNERS LP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 124 S CHURCH ST | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 760730546 | EIN |
| Primary Activity | OWNER AND LESSOR OF THE IMPERIAL CENTRE CONSTRUCTED WITH BOND PROCEEDS | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | NONE | PredominantIncomeType |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 0 | GeneralOrManagingPartner |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IMPERIAL CENTRE GP INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 124 S CHURCH ST | AddressLine1 |
| City | ROCKY MOUNT | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202017135 | EIN |
| Primary Activity | INVESTOR IN THE IMPERIAL CENTRE | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOWNTOWN RENAISSANCE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | -387 | ShareOfTotalIncome |
| Share Of EOY Assets | 2771822 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| IMPERIAL CENTRE PARTNERS LP | ||
| D | 6073794 | FACE VALUE |
| CITY OF ROCKY MOUNT | ||
| E | 84689 | FACE VALUE |
| CITY OF ROCKY MOUNT | ||
| C | 251274 | FACE VALUE |