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DOWNTOWN GREENSBORO INC

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Public IRS 990 nonprofit record

DOWNTOWN GREENSBORO INC

EIN 56-2011549 · Homeowners & Tenants Associations (L50)

What they do

PROMOTE and STIMULATE NEW INVESTMENT, INTEREST and ECONOMIC DEVELOPMENT IN THE CENTER CITY AREA of GREENSBORO, NORTH CAROLINA.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$108.77spent for every $100 of revenueSpending was higher than revenue this year.
$0.62in assets for every $1 spent this yearSome assets cannot be spent right away.
35.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $202,399 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $281,336 for ZACK MATHENY (FORMER PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$2,307,996
Expenses$2,510,395
Annual shortfall $202,399 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$2,307,996
Expenses$2,510,395
Assets$1,555,665
Income$2,307,996
Contributions$816,667
Grants given$1,664,788
Average grant$38,716
Accounting fees$10,615
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ZACK MATHENYFORMER PRESIDENT & CEO · 40 hrs/week $281,336
JOY ROSSCFO · 36 hrs/week $84,812

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

ZACK MATHENYFORMER PRESIDENT & CEO

JOY ROSSCFO

KRISTINA FULLERBOARD MEMBER

VIRGINIA FREYALDENHOVENBOARD MEMBER

TREY DAVISEX OFFICIO

TIFFANY JACOBSBOARD MEMBER

STU NICHOLSBOARD CHAIRMAN

SERAJ PATELBOARD TREASURER

MARK PRINCEBOARD EXECUTIVE COMMITTEE

LORI POAGBOARD MEMBER

ARTHUR SAMETBOARD EXECUTIVE COMMITTEE

KEVIN SASSERBOARD MEMBER

GINA HICKSBOARD EXECUTIVE COMMITTEE

DEREK CARTEBOARD MEMBER

DAN EDERBOARD MEMBER

CRAIG CARLOCKBOARD MEMBER

CHRIS WALDECKBOARD SECRETARY

About this charity

Recognized since
January 1997
Location
532 SOUTH ELM STREET, GREENSBORO, NC 27406
County
Guilford
In care of
STUART J NICHOLS
Primary officer
STUART J NICHOLS, BOARD CHAIR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
LEEPER KEAN AND RUMLEY LLP
NTEE classification
Homeowners & Tenants Associations (L50)
IRS tax category
Homeowners & Tenants Associations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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