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EIN 82-0832831

Cool Spring Downtown District

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Fayetteville
State
North Carolina
Year formed
2017
Most recent tax filings
2024-06-01
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
Description
Cool Spring Downtown District creates and sustains an arts and entertainment district emanating from the core of the city. It promotes and supports multiple arts and cultural events in Fayetteville's Downtown District, making it a vibrant center of artistic, cultural, civic, and commercial activity. Cool Spring Downtown District is a place where people come together to celebrate creativity and community.
Total revenues
$896,622
2024
Total expenses
$941,385
2024
Total assets
$286,400
2024
Num. employees
8
2024

Program areas at Cool Spring Downtown District

The organization has organized, promoted and supported multiple arts & cultural events in the central core of the city's Downtown District.

Who funds Cool Spring Downtown District

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Thomas R and Elizabeth E Mclean FoundationOperation Downtown$40,000
Cumberland Community Foundation (CCF)Charitable Gift$5,944

Personnel at Cool Spring Downtown District

NameTitleCompensation
Bianca ShonemanPresident and Chief Executive Officer$115,000
Lauren FallsMarketing and Events Director
Ashanti BennettDirector of Special Projects
Michael PenninkVice Chair$0
Josh ChoiChair$0
...and 8 more key personnel

Financials for Cool Spring Downtown District

RevenuesFYE 06/2024
Total grants, contributions, etc.$677,600
Program services$193,338
Investment income and dividends$1,097
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$24,587
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$896,622

Form 990s for Cool Spring Downtown District

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-27990View PDF
2023-062023-11-14990View PDF
2022-062022-11-28990View PDF
2021-062021-12-17990View PDF
2020-062021-02-24990View PDF
...and 3 more Form 990s

Organizations like Cool Spring Downtown District

OrganizationLocationRevenue
Spirit of SpringfieldSpringfield, MA$1,822,554
St Petersburg Warehouse Arts DistrictSaint Petersburg, FL$653,946
Friends of Third Place CommonsKenmore, WA$229,450
Rockfield FoundationBel Air, MD$432,937
Downtown PKBParkersburg, WV$332,784
Golden Civic FoundationGolden, CO$724,427
Lovington Mainstreet CorporationLovington, NM$542,888
Community Building Institute MiddletownMiddletown, OH$1,591,754
SeeedKnoxville, TN$1,078,888
Extreme Community MakeoverDenver, CO$265,458
Data update history
December 27, 2024
Received grants
Identified 1 new grant, including a grant for $40,000 from Thomas R and Elizabeth E Mclean Foundation
September 30, 2024
Updated personnel
Identified 10 new personnel
January 22, 2024
Updated personnel
Identified 2 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvement
Characteristics
Partially liquidatedFundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
222 Hay St
Fayetteville, NC 28301
Metro area
Fayetteville, NC
County
Cumberland County, NC
Website URL
visitdowntownfayetteville.com/ 
Phone
(910) 723-3753
IRS details
EIN
82-0832831
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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