Downtown Bentonville Inc

EIN: 481256503 501(c)(3) Arts, Culture & Humanities

Bentonville, AR

Total Revenue
$1,143,290
Total Expenses
$1,107,578
Total Assets
$887,087
Net Assets
$332,066
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
AR
Principal Officer
Kirk Gober
Phone
4792540254
Tax Period
2024-01-01 to 2024-12-31

Downtown Bentonville Inc, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 3% surplus.

Mission

To strengthen and enhance the downtown Bentonville experience for those who live, work, play, and visit downtown.

Program Service Accomplishments

Program 1
Expenses: $698,070

To develop and maintain the character of downtown Bentonville through activities such as the Saturday morning Farrners Market that starts in April and continues through October. First Friday offers...

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To develop and maintain the character of downtown Bentonville through activities such as the Saturday morning Farrners Market that starts in April and continues through October. First Friday offers live music and great food on the Square. Notes at Night offers free music on the Square once a month, helping downtown restaurants work with local musicians. Additionally, Downtown Bentonville oversees many of the activities such as holiday lighting, parades, and other events that occur during the day and evenings that will attract families or those looking to get out for the night

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $373,100
Program Service Revenue $763,812
Investment Income $6,378
Other Revenue $0
TOTAL REVENUE $1,143,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $576,173
Fundraising Expenses $61,629
Program Expenses $698,070
Other Expenses $531,405
TOTAL EXPENSES $1,107,578

Year-over-Year Comparison

2024 2023 Change
Revenue $1,143,290 $1,134,428 +0.0%
Expenses $1,107,578 $1,136,566 0.0%
Net Income $35,712 $-2,138 -17.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
8
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$85,704
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Schlagenhaft Dana Executive Director 040.00
Officer
$85,704 $0 $85,704
Culpepper Lee Board Member 001.00
Director
$0 $0 $0
Dearing Michelle Board Member/Board VP 002.00
Director
$0 $0 $0
Gober Kirk Board President 001.00
Officer Director
$0 $0 $0
Greenhaw Neil Board Member 001.00
Director
$0 $0 $0
Horn Amanda Board Member 001.00
Director
$0 $0 $0
Hurban Randall Board Treasurer 001.00
Director
$0 $0 $0
Meek Brett Board Member 001.00
Director
$0 $0 $0
Pickett Jeremiah Board Member 001.00
Director
$0 $0 $0
Cristofaro Jennifer Board Member 001.00
Director
$0 $0 $0
Soos Craig Board Member 001.00
Director
$0 $0 $0
Gengelbach Brandom Board Member 001.00
Director
$0 $0 $0
Stephens Beth Board Member 001.00
Director
$0 $0 $0
Garner Todd Board Member 001.00
Director
$0 $0 $0
Marpe Stephanie Operations Director 040.00
Officer
$0 $0 $0
Nolan Aaron Communications Director 040.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2024 $1,143,290 $1,107,578 $887,087 $35,712
2023 $1,134,428 $1,136,566 $361,982 $-2,138
2022 $957,958 $1,101,239 $373,528 $-143,281
2021 $619,425 $757,882 $626,419 $-138,457
2020 $758,325 $598,779 $638,230 $159,546
2019 $665,552 $758,999 $423,788 $-93,447
2019 $663,538 $763,473 $420,684 $-99,935
2018 $610,719 $667,622 $520,619 $-56,903
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