2026-05-11T14:25:11-05:00 2025-06-30 561333355 LEEPER KEAN AND RUMLEY LLP 3623 N ELM ST STE 100 GREENSBORO NC 27455 990 2024-07-01 562011549 DOWNTOWN GREENSBORO INC DOWN 3363790060 532 SOUTH ELM STREET GREENSBORO NC 27406 STUART J NICHOLS BOARD CHAIR 3363790060 2026-05-06 1 0 X MARTIN W DURRENCE P01226384 3362743700 2026-05-06 2024 2025-03-06 01:10:19Z STUART J NICHOLS 532 SOUTH ELM STREET GREENSBORO NC 27406 2307996 0 X DOWNTOWNGREENSBORO.ORG X 1996 NC PROMOTE AND STIMULATE NEW INVESTMENT, INTEREST AND ECONOMIC DEVELOPMENT IN THE CENTER CITY AREA OF GREENSBORO, NORTH CAROLINA. 14 14 9 0 0 0 555792 816667 1550170 1454345 37262 36984 0 0 2143224 2307996 0 0 0 0 749611 781187 0 0 0 1261265 1729208 2010876 2510395 132348 -202399 1721189 1555665 101476 138351 1619713 1417314 PROMOTE AND STIMULATE NEW INVESTMENT, INTEREST AND ECONOMIC DEVELOPMENT IN THE CENTER CITY AREA OF GREENSBORO, NORTH CAROLINA. 0 0 DOWNTOWN MUNICIPAL SERVICE DISTRICT (DMSD) FUNDS PROJECT TO PROVIDE FUNDS LEVIED AND COLLECTED BY THE CITY FROM AD VALOREM PROPERTY TAXES AND SALES TAXES IN THE DMSD AS AUTHORIZED BY NCGS 160A-536(D)TO DGI TO PERFORM, PROMOTE, AND DEVELOP SERVICES, FACILITIES, FUNCTIONS, AND PROMOTIONAL AND DEVELOPMENTAL ACTIVITIES IN THE DMSD. FUNDS ARE USED TO POSITION THE DOWNTOWN BUSINESS IMPROVEMENT DISTRICT AS AN ATTRACTIVE, VIBRANT DESTINATION FOR THOSE WHO WORK, PLAY AND LIVE HERE THROUGH PUBLIC SPACE MANAGEMENT, ECONOMIC DEVELOPMENT INITIATIVES, MARKETING SERVICES, SPECIAL EVENTS AND ADVOCACY ACTIVITIES. ECONOMIC SERVICES PROJECT - TO PROVIDE FOR THE REVITALIZATION AND ECONOMIC DEVELOPMENT OF DOWNTOWN GREENSBORO. SERVICES INCLUDE MARKETING OF THE DOWNTOWN AREA, ECONOMIC DEVELOPMENT PROGRAMS, PROGRAM MANAGEMENT AND IMPLEMENTATION AS WELL AS PROVIDING LONG TERM VISION DEVELOPMENT AND PLANNING RECOMMENDATIONS FOR THE DOWNTOWN AREA. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 30 0 1 9 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X STUART J NICHOLS 3363790060 532 SOUTH ELM STREET GREENSBORO NC 27406 ZACK MATHENY FORMER PRESIDENT & CEO 40.00 2.00 X X 281336 0 0 STU NICHOLS BOARD CHAIRMAN 1.00 1.00 X X 0 0 0 SERAJ PATEL BOARD TREASURER 1.00 1.00 X X 0 0 0 CHRIS WALDECK BOARD SECRETARY 1.00 1.00 X X 0 0 0 MARK PRINCE BOARD EXECUTIVE COMMITTEE 1.00 1.00 X 0 0 0 ARTHUR SAMET BOARD EXECUTIVE COMMITTEE 1.00 1.00 X 0 0 0 GINA HICKS BOARD EXECUTIVE COMMITTEE 1.00 1.00 X 0 0 0 TREY DAVIS EX OFFICIO 1.00 1.00 X 0 0 0 KRISTINA FULLER BOARD MEMBER 1.00 1.00 X 0 0 0 LORI POAG BOARD MEMBER 1.00 1.00 X 0 0 0 CRAIG CARLOCK BOARD MEMBER 1.00 1.00 X 0 0 0 TIFFANY JACOBS BOARD MEMBER 1.00 1.00 X 0 0 0 DAN EDER BOARD MEMBER 1.00 1.00 X 0 0 0 DEREK CARTE BOARD MEMBER 1.00 1.00 X 0 0 0 VIRGINIA FREYALDENHOVEN BOARD MEMBER 1.00 1.00 X 0 0 0 KEVIN SASSER BOARD MEMBER 1.00 1.00 X 0 0 0 JOY ROSS CFO 36.00 2.00 X 84812 0 0 366148 0 0 1 0 1 0 0 591667 195000 30000 816667 CITY OF GREENSBORO - B 561700 1240808 1240808 CITY OF GREENSBORO - S 711300 213537 213537 1454345 36984 36984 2307996 1454345 0 36984 335864 312645 41776 45861 45041 12638 10615 163384 479545 38613 35647 97285 19678 858480 4064 2097 DUES & SUBSCRIPTIONS 7162 2510395 218693 82750 1153990 837991 285955 570284 43628 42863 94340 77563 13423 16777 5500 5000 1721189 1555665 101476 138351 101476 138351 X 821813 752184 797900 665130 1619713 1417314 1721189 1555665 -202399 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84550 67773 16777 9790 9790 0 16777 X 2307996 0 2307996 0 2307996 2510395 0 2510395 0 2510395 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION FOR ANY TAX PERIODS. THE ORGANIZATION, BY EXPIRATION OF THE STATUE OF LIMITATIONS, IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE FISCAL YEARS ENDING JUNE 30, 2021 AND EARLIER. 0 0 0 ZACK MATHENY FORMER PRESIDENT & CEO 269567 0 0 0 11769 0 0 0 0 0 281336 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ZACK MATHENY, THE CURRENT PRESIDENT & CEO OF THE ORGANIZATION AND JOY ROSS, THE CURRENT CHIEF FINANCIAL OFFICER OF THE ORGANIZATION REVIEW FORM 990 FOR COMPLETENESS AND ACCURACY BEFORE FILING AND SUGGEST ANY CHANGES THAT MIGHT NEED TO BE MADE. FORM 990, PART VI, SECTION B, LINE 12C IF A BOARD MEMBER HAS A CONFLICT OF INTEREST THEY MUST ABSTAIN FROM VOTING ON AN ITEM FOR WHICH THEY HAVE A VESTED INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY USING INDUSTRY STANDARD COMPENSATION OBTAINED FROM THE INTERNATIONAL DOWNTOWN ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST. DOWNTOWN GREENSBORO FOUNDATION 532 SOUTH ELM STREET GREENSBORO NC 27406 562242416 SUPPORT NC 501(C)(3) 11, TYPE II DOWNTOWN GREENSBORO INC 1 DOWNTOWN GREENSBORO IMPROVEMENT CORP 532 SOUTH ELM STREET GREENSBORO NC 27406 202675071 ECONOMIC DEVELOPMENT NC 501(C)(4) N/A DOWNTOWN GREENSBORO INC 1 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 DOWNTOWN GREENSBORO FOUNDATION C 591667