North Carolina · Nonprofit
COOL SPRING DOWNTOWN DISTRICT INC
COOL SPRING DOWNTOWN DISTRICT INC (North Carolina) receives grants from 3 organizations whose IRS filings report $237,888 to it, the largest being THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC ($200,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $1.1M
- Funders on record
- 3
- Grants received
- $238k
- Net assets
- $237k
What Cool Spring Downtown District Inc does
Mission
The mission of the cool spring downtown district is to create and sustain an arts and entertainment district emanating from the central core of the city. The district is to be a vibrant center of artistic, cultural, civic and commercial activity; a place where people live, work, frequently visit and loyally patronize; a robust generator of economic prosperity for all cumberland county residents.
As stated on its FY2018 Form 990.
Program
The organization has organized, promoted and supported multiple arts & cultural events in the central core of the city's downtown district.
$1,073,863 spent$96,997 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,073,863.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $293k to $441k (+50%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 50% · 2019 73% · 2020 50% · 2021 37% · 2022 68% · 2023 68% · 2024 62% · 2025 63%. Grants only. Government contracts and fees sit inside program revenue.
87% of COOL SPRING DOWNTOWN DISTRICT INC’s revenue is contributions — more donation-reliant than the typical peer (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Michael Pennink
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2020 → 2023: the base held at 1 funder, grant income held at $40k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $340k from one payer (the payer shares this organization's board, largest The Arts Council of Fayetteville Cumberland County Inc). These are real filings, and they are not money COOL SPRING DOWNTOWN DISTRICT INC raised.
From the IRS filings of COOL SPRING DOWNTOWN DISTRICT INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COOL SPRING DOWNTOWN DISTRICT INC leans on a few funders — its largest provides 84% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2020 100% · 2021 85% · 2022 62% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of COOL SPRING DOWNTOWN DISTRICT INC's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $13k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COOL SPRING DOWNTOWN DISTRICT INC has grown faster than half of the 3,230 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025
Organizations like COOL SPRING DOWNTOWN DISTRICT INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Cool Spring Transport LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for COOL SPRING DOWNTOWN DISTRICT INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COOL SPRING DOWNTOWN DISTRICT INC?
- COOL SPRING DOWNTOWN DISTRICT INC (North Carolina) receives grants from 3 organizations whose IRS filings report $237,888 to it, the largest being THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC ($200,000). 2 of them have funded it in more than one year.
- How many funders does COOL SPRING DOWNTOWN DISTRICT INC have?
- IRS filings report 3 organizations giving $237,888 in grants to COOL SPRING DOWNTOWN DISTRICT INC, 2 of which have funded it in more than one year.
- Who is the largest funder of COOL SPRING DOWNTOWN DISTRICT INC?
- THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC is the largest funder on record, with $200,000 in grants. The full list of funders is on this page.
- How can an organization like COOL SPRING DOWNTOWN DISTRICT INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Cool Spring Downtown District →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing