Downtown Mobile Alliance Inc
- Assets
- $382.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 04/2007
- Data as of
- 06/2022
- EIN
- 20-5437455
Organization Overview
Downtown Mobile Alliance Inc is located in Mobile, AL. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Mobile Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Downtown Mobile Alliance Inc generated $194.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $271.3k during the year ending 06/2022. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN AND GROW THE BUSINESS DISTRICT OF DOWNTOWN MOBILE, ALABAMA THROUGH MARKETING AND ADVOCACY AND THE MANAGEMENT OF BUSINESS IMPROVEMENT DISTRICT SERVICES.
Describe the Organization's Program Activity:
Part 3
THE MARKETING SERVICES PROGRAM SERVES A METROPOLITAN AREA OF 594,000 RESIDENTS AND A VISITOR DOMAIN THAT RECEIVES APPROXIMATELY 3 MILLION VISITORS PER YEAR. DOWNTOWN MOBILE ALLIANCE PROVIDES INFORMATION AND MATERIALS THAT PROMOTE EVENTS, ATTRACTIONS AND ACTIVITIES, ECONOMIC AND BUSINESS DEVELOPMENT OPPORTUNITIES, AND RESIDENTIAL OPTIONS. AS A MEMBER ORGANIZATION, DMA IS ABLE TO PROVIDE PROMOTION AND ADVOCACY SERVICES TO HUNDREDS OF DOWNTOWN BUSINESSES AND NON-PROFIT CORPORATIONS.
OTHER
THE ECONOMIC DEVELOPMENT AND RESEARCH SERVICES PROGRAM SPONSORS EVENTS THAT BRING TOGETHER THE BUSINESS COMMUNITY AND COMMUNITY LEADERS, AS WELL AS COMMUNITY EVENTS THAT BRING HUNDREDS OF FAMILIES TO THE DOWNTOWN AREA. DMA'S ECONOMIC DEVELOPMENT EFFORT ALSO INCLUDES A PACKAGE OF RETAIL INCENTIVES DESIGNED TO ENCOURAGE NEW MERCHANTS TO OPEN SHOPS DOWNTOWN. DMA ALSO FUNDS STUDIES AND ASSESSMENTS TO GUIDE PROPERTY OWNERS, BUSINESS OWNERS, AND POLICYMAKERS AS THEY PLAN FOR AN ENVIRONMENTALLY SUSTAINABLE DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Stevens CEO | 20 | $0 | |
Steven Mcmahon Immediate Pa | 0.5 | $0 | |
Matt Lemond Chairman Of | 0.75 | $0 | |
Mary Anne Ball Chairman App | 0.5 | $0 | |
Jacquitta Powell-Green Director | 0.25 | $0 | |
Margo Gilbert Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $258 |
| Total Program Service Revenue | $47,002 |
| Membership dues | $146,750 |
| Investment income | $249 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,259 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $271,335 |
| Total expenses | $271,335 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $382,159 |
| Other assets | $0 |
| Total assets | $382,159 |
| Total liabilities | $290 |
| Net assets or fund balances | $381,869 |