FRIENDS OF DOWNTOWN

EIN: 873321523 501(c)(3) Community Improvement

CHARLOTTESVILLE, VA

Total Revenue
$528,281
Total Expenses
$403,317
Total Assets
$333,358
Net Assets
$235,473
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
BLAIR WILLIAMSON
Phone
4342959073
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF DOWNTOWN, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $307K in total revenue in fiscal year 2022. The organization ran a surplus of $111K, a strong 36% operating margin.

Mission

CREATE STRATEGIES AND PROGRAMS TO STIMULATE THE SOCIAL AND ECONOMIC VITALITY OF DOWNTOWN CHARLOTTESVILLE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $507,922
Program Service Revenue $20,359
Investment Income $0
Other Revenue $0
TOTAL REVENUE $528,281

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,824
Fundraising Expenses $0
Program Expenses $386,294
Other Expenses $244,493
TOTAL EXPENSES $403,317

Year-over-Year Comparison

2023 2022 Change
Revenue $528,281 $306,692 +0.7%
Expenses $403,317 $195,824 +1.1%
Net Income $124,964 $110,868 +0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
50

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
5
$80,125
Total Directors
9
$0
Key Employees
1
$80,125
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH G KELLY EXECUTIVE DIRECTOR 40.00
Officer Key Emp Highest
$80,125 $0 $80,125
MICHAEL CAPLIN CO-CHAIR 2.00
Officer Director
$0 $0 $0
JOAN FENTON DIRECTOR 1.00
Director
$0 $0 $0
CHRIS HENRY DIRECTOR 1.00
Director
$0 $0 $0
KEITH WOODARD DIRECTOR 1.00
Director
$0 $0 $0
BLAIR WILLIAMSON TREASURER 2.00
Officer Director
$0 $0 $0
LUDWIG KUTTNER CO-CHAIR 2.00
Officer Director
$0 $0 $0
CHARLEY LEWIS VICE CHAIR 2.00
Officer Director
$0 $0 $0
SUSAN PAYNE DIRECTOR 1.00
Director
$0 $0 $0
HUNTER CRAIG DIRECTOR 1.00
Director
$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
2023 $528,281 $403,317 $333,358 $124,964
2022 $306,692 $195,824 $203,014 $110,868
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