Downtown Southport Inc
Nonprofit profile at a glance
- EIN
- 753231508
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2015
- Location
- Southport, NC, USA
- Phone
- 9104549608
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $3,535
- Expenses
- $25,260
- Assets
- $11,518
- Liabilities
- $2,200
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- RANDY JONES (PRESIDENT)
People named in this filing
- PEGGY POPELARS (TREASURER)
- RANDY JONES (PRESIDENT)
- DOTIE NIXA (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization represents the city of southport as part of main street USA and promotes the cultural, historical and economic growth. Downtown southport is dedicated to preserving the heritage and charm of southport. The organization encourages and support preservation projects, cultrual activities, education programs, tourism, as well as, economic growth in the downtown area, making downtown southport a vital, vibrant, year-round community for citiens and guests.
What it reported doing in 2025
Special projects: wayfinding kiosk; bronze statues; planters; provide cultural, educational, historical and environmental enhancements to the city of southport for residents and vistors.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 82
- Sustainability: 18
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.9%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -614.6%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: -7.2% per year; rating input score 0; 29th percentile among comparable filings
- Asset growth: -2.7% per year; rating input score 0; 29th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $21K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.