Downtown Belmont Development Assoc
To further advance the economic, aesthetic and cultural environment of historic downtown belmont, nc.
Downtown Belmont Development Assoc at a glance
- Total assets
- $62,743
- +33.1% vs 2024
- Revenue (2025)
- $173,098
- -33.9% vs 2024
- Expenses (2025)
- $156,729
- -41.1% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Downtown Belmont Development Assoc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $8K (2023) to $15K (2024). In 2024 it reported $15K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dance Specialties Belmont, NC | Beautification | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $62,743 | $173,098 | $156,729 | — | — |
| 2024 | $47,130 | $261,997 | $266,025 | $14,637 | Total only |
| 2023 | $83,566 | $164,176 | $165,918 | $7,500 | 1 |
| 2022 | $53,665 | $257,249 | $222,676 | — | — |
| 2021 | $40,734 | $46,428 | $31,850 | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Downtown Belmont Development Assoc
Based on IRS filings
Downtown Belmont Development Assoc is a public charity focused on Arts, Culture & Humanities, based in Belmont, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $63K in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Downtown Belmont Development Assoc is led by Susan Martello, Chair since 2025 (on filings since 2023); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Susan Martello
Chair
Board Member → Chair, 2025
On filings since 2023
2 hrs/week
No compensation reported
Al Wall
Evc Co- Chai
Director → Evc Co- Chai, 2023
On filings since 2021
2 hrs/week
No compensation reported
Amy Bossard
Vice Chair
Director → Design Committee, 2023
Design Committee → Vice Chair, 2025
On filings since 2021
2 hrs/week
No compensation reported
Elizabeth Simcox
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Jim Hefferan
City Council
Appt. Counci → City Council, 2025
On filings since 2021
2 hrs/week
No compensation reported
Kevin Krouse
Secretary
Assistant City M → Secretary, 2023
On filings since 2021
2 hrs/week
No compensation reported
Seth Sherrin
Organization
On filings since 2021
2 hrs/week
No compensation reported
Kelly Glantz
Board Member
Organization → Board Member, 2025
On filings since 2023
1 hr/week
No compensation reported
Alex Szucs
Board Member
On filings since 2024
1 hr/week
No compensation reported
Cassidy Lackey
Community De
On filings since 2024
40 hrs/week
No compensation reported
Katie Bradley
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Wendy Hostetler
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (8)
- Former: Jennifer Church (2022–2024) — Chair
- Former: Joe Jordan (2022–2024) — Vice Chair
- Former: Emilie Rudisill (2021–2023) — Vice Chair
- Former: Marc Seelinger (2021–2023) — Appt. Counci
- Former: Phil Boggan (2021–2023) — Downtown Director
- Former: Angela Street (2021–2022) — Director
- Former: Caroline Sheppard (2021) — Director
- Former: Nancy Nance (2021) — Vice Chair
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Downtown Belmont Development Assoc
How large is Downtown Belmont Development Assoc?
Downtown Belmont Development Assoc reported $63K in total assets on its 2025 IRS Form 990. Its revenue that year was $173K.
What is Downtown Belmont Development Assoc?
Downtown Belmont Development Assoc is a public charity focused on Arts, Culture & Humanities, based in Belmont, NC. It holds $63K in total assets as of 2025.
Where does Downtown Belmont Development Assoc operate?
Downtown Belmont Development Assoc has awarded grants in North Carolina.
What is Downtown Belmont Development Assoc's EIN?
Downtown Belmont Development Assoc's EIN (Employer Identification Number) is 47-4333734. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 23, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
Explore Open Grants
Browse active grant opportunities in Downtown Belmont Development Assoc's focus areas in our free grants database
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