DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC Charity Report

Public IRS 990 nonprofit record

DOWNTOWN SHERMAN PRESERVATION AND REVITALIZATION INC

EIN 75-2449354 · Arts, Culture & Humanities (A80Z)

What they do

DOWNTOWN SHERMAN PRESERVATION and REVITALIZATION, INC. (DSP&R)IS A NON-PROFIT, BOARD ADMINISTERED ORGANIZATION DEDICATED to THE PROMOTION and PRESERVATION of THE CENTRAL BUSINESS DISTRICT. SPECIFICALLY, THE CORPORATION WILL:PRESERVE THE ARCHITECTURAL CHARACTER of THE NEIGHBORHOOD and IMPLEMENT FORWARD EDGE URBAN DESIGN PRINCIPLES, ACTING AS A PLANNING AGENT to DEVELOP PUBLIC/PRIVATE PARTNERSHIPS for NEIGHBORHOOD IMPROVEMENTS;MARKET THE DOWNTOWN NEIGHBORHOOD, ITS ACTIVITIES, RESOURCES, and AMENITIES to THE RESIDENTS of THE CITY of SHERMAN, THE SURROUNDING AREA, BUSINESS LEADERS, and THE DEVELOPMENT COMMUNITY AT LARGE;DEVELOP THE ECONOMY of THE NEIGHBORHOOD BY SUPPORTING EXISTING BUSINESSES and ATTRACTING NEW BUSINESSES, and PROGRAM EVENTS DOWNTOWN, INCLUDING EVENTS for VISITORS and GUESTS AS WELL AS PROFESSIONAL DEVELOPMENT PROGRAMS and PUBLIC SERVICE PROGRAMS.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $4.30 was reported for mission work and $0.00 for fundraising. Understand this before you give.

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 leaders11 people are listed in the latest report.

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

Money made simple

3.56%of revenue went to mission work4.3% of expenses · Program services

$93.52spent for every $100 of revenueRevenue covered expenses this year.

$0.88in assets for every $1 spent this yearSome assets cannot be spent right away.

118.5%of its money came from giftsOther money may come from services or investments.

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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.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$72,135

Mission workProgram services$2,5703.56% of revenue4.3% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$11,93016.54% of revenueShown in gray on the chart

Total expenses$60,20583.46% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 4.3% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 4.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 83.46% of revenue

2023Expense mix: 6.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.53% of revenue

2022Expense mix: 8.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 66.75% of revenue

2021Expense mix: 5.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 121.62% of revenue

2020Expense mix: 3.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.20% of revenue

2019Expense mix: 5.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 88.59% of revenue

2018Expense mix: 7.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 80.72% of revenue

2017Expense mix: 10.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 98.35% of revenue

Money in and money out

Revenue$69,685

Expenses$65,172

Annual surplus $4,513 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,570 · 3.9% of expenses

See all reported dollar amounts

Revenue$69,685

Expenses$65,172

Assets$57,507

Income$127,690

Contributions$82,568

Mission work (program services)$2,570

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (11)

BEN CROUSEPRESIDENT

DAVE VOLBERDINGEX- OFFICIO

DAVID DOWNTAINBOARD MEMBER

JOEY BEASONTREASURER

LINDA WALKERVICE PRESIDENT

MARGARET MEALYBOARD MEMBER

MARIANNA PERKINSBOARD MEMBER

MICHAEL SMITHBOARD MEMBER

RHONDA SALICOSBOARD MEMBER

STEPHANIE COTTONSECRETARY

VICKIE HODGESEX- OFFICIO

About this charity

Recognized since: January 1994
Location: PO BOX 2054, SHERMAN, TX 75091-2054
County: Grayson
In care of: % KAREN TOOLEY
Primary officer: LINDA WALKER, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(903) 487-5570

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990EZ
Tax preparer: ADAMI LINDSEY ADVISORS LLC (VENNING)
NTEE classification: Arts, Culture & Humanities (A80Z)
IRS tax category: Historical Sites