Downtown Greensboro Inc
Downtown Greensboro Inc. (DGI) is a non-profit economic development organization and Municipal Service District incorporated in 1996 that stimulates investment and activity in the center city. Led by a 24-member Board of Directors, DGI provides enhanced cleaning, beautification, and safety services; manages business recruitment and retention; coordinates marketing and events; and offers grant programs to support small businesses. The organization generates significant economic impact statewide and serves a diverse population of businesses, workers, residents, and millions of annual visitors through programs including hospitality ambassadors and signature events.
Downtown Greensboro Inc at a glance
- Total assets
- $1,555,665
- -9.6% vs 2024
- Revenue (2025)
- $2,307,996
- +7.7% vs 2024
- Net investment income (2025)
- $36,984
- -0.7% vs 2024
- Expenses (2025)
- $2,510,395
- +24.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Downtown Greensboro Inc
Open Grants
4 open opportunities from Downtown Greensboro Inc
DGI Catalyst Grant
Downtown Greensboro Inc
Amount
Varies
Deadline
Deadline not published
DGI Facade Grant
Downtown Greensboro Inc
Amount
Up to $5,000
Deadline
Deadline not published
DGI First Friday Micro Grant
Downtown Greensboro Inc
Amount
Up to $250
Deadline
Deadline not published
Who Downtown Greensboro Inc funds
How this funder distributes its grants
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 14 grants of 17 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Downtown Greensboro Inc gives
- Giving grew 966% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $47K (2020) to $496K (2023). In 2023 it made 4 grants totaling $496K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Downtown Greensboro Foundation Greensboro, NC | Catalyst Grant | $425,884 |
| Neighbors GSO LLC Greensboro, NC | Catalyst Grant | $25,000 |
| 112 W Lewis Street Qozb LLC Greensboro, NC | Catalyst Grant | $25,000 |
| Nomunication LLC Greensboro, NC | Catalyst Grant | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,555,665 | $2,307,996 | $2,510,395 | — | — | $36,984 |
| 2024 | $1,721,189 | $2,143,224 | $2,010,876 | — | — | $37,262 |
| 2023 | $1,610,961 | $2,344,155 | $2,283,486 | $495,884 | 4 | $11,339 |
| 2022 | $1,475,493 | $1,929,059 | $1,881,707 | $94,498 | 7 | $362 |
| 2021 | $1,416,640 | $1,599,630 | $1,529,951 | $96,148 | 6 | $896 |
| 2020 | $1,387,039 | $1,895,606 | $1,464,904 | $46,500 | 3 | $2,300 |
About Downtown Greensboro Inc
Based on IRS filings
Downtown Greensboro Inc is a public charity, based in Greensboro, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. Net investment income was $37K.
Leadership & Key People
Officers and directors from IRS filings
Downtown Greensboro Inc is led by Zack Matheny, Former President & CEO since 2025 (on filings since 2020); 2 of 17 officers listed in 2025 are compensated.
Officers on the 2025 filing
Zack Matheny
Former President & CEO
President & CEO → Former President & CEO, 2025
On filings since 2020
40 hrs/week
$171K (2020) → $281K (2025)
Stu Nichols
Board Chairman
Board Member → Board Chairman, 2025
On filings since 2023
1 hr/week
No compensation reported
Joy Ross
CFO
On filings since 2021
36 hrs/week
$65K (2021) → $85K (2025)
Chris Waldeck
Board Secretary
Board Member → Board Secretary, 2025
On filings since 2020
1 hr/week
No compensation reported
Mark Prince
Board Executive Committee
On filings since 2020
1 hr/week
No compensation reported
Gina Hicks
Board Executive Committee
Board Member → Board Executive Committee, 2025
On filings since 2021
1 hr/week
No compensation reported
Kristina Fuller
Board Member
On filings since 2023
1 hr/week
No compensation reported
Lori Poag
Board Member
On filings since 2023
1 hr/week
No compensation reported
Seraj Patel
Board Treasurer
Board Member → Board Treasurer, 2025
On filings since 2023
1 hr/week
No compensation reported
Arthur Samet
Board Executive Committee
New on the 2025 filing
1 hr/week
No compensation reported
Craig Carlock
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Dan Eder
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Derek Carte
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Kevin Sasser
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Tiffany Jacobs
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Trey Davis
Executive Officio
New on the 2025 filing
1 hr/week
No compensation reported
Virginia Freyaldenhoven
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (32)
- Former: Andy Zimmerman (2020–2024) — Board Chairman
- Former: Danny Gatling (2020–2024) — Board Member
- Former: Marsh Prause (2020–2024) — Board Executive Committee
- Former: Tracey Myers (2020–2024) — Board Past Chair
- Former: Adrian Smith (2021–2024) — Board Treasurer
- Former: Damion Moore (2021–2024) — Board Member
- Former: Leigh Williams (2021–2024) — Board Member
- Former: Lonnie Cockerham (2021–2024) — Board Member
- Former: Taiwo Jaiyeaba (2022–2024) — Executive Officio
- Former: Kimberly Osbourne (2023–2024) — Board Member
- Former: Mark Brazil (2023–2024) — Board Executive Committee
- Former: Melissa Greer (2023–2024) — Board Member
- Former: Sean Reaves (2023–2024) — Board Member
- Former: Michael Halford (2021–2023) — Board Member
- Former: Skip Alston (2021–2023) — Board Member
- Former: Claudell Pressa (2020–2022) — Board Member
- Former: Jeff Yetter (2020–2022) — Board Past Chair
- Former: John Lomax (2020–2022) — Board Member
- Former: Nancy Vaughan (2020–2022) — Board Executive Committee
- Former: Paul Talley (2020–2022) — Board Member
- Former: Rhonda Fuller (2020–2022) — Board Member
- Former: Victoria Carlin-Milstein (2020–2022) — Board Secretary
- Former: Eden Bloss (2021–2022) — Board Member
- Former: David Parrish (2020–2021) — Board Executive Committee
- Former: James Smith (2020) — Board Executive Committee
- Former: Jeff Phillips (2020) — Board Member
- Former: Leigh Spencer (2020) — Board Member
- Former: Marty Lawing (2020) — Board Member
- Former: Paula Pierce (2020) — Board Immediate Past-Chair
- Former: Ray Trapp (2020) — Board Member
- Former: Seth Mapes (2020) — Board Member
- Former: Sherrie Simpson (2020) — CFO
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $281K, to Zack Matheny (Former President & CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Downtown Greensboro Inc
How large is Downtown Greensboro Inc?
Downtown Greensboro Inc reported $1.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.3M.
Where does Downtown Greensboro Inc operate?
Downtown Greensboro Inc has awarded grants in North Carolina.
What is Downtown Greensboro Inc's EIN?
Downtown Greensboro Inc's EIN (Employer Identification Number) is 56-2011549. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Downtown Greensboro Inc's focus areas in our free grants database
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Assets
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