Hamilton Downtown Association
- Assets
- $14.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hamilton, MT
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 27-4526064
Organization Overview
Hamilton Downtown Association is located in Hamilton, MT. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Hamilton Downtown Association 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 12/2021, Hamilton Downtown Association generated $20.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $31.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 5 years. 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
2021
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE HAMILTON DOWNTOWN ASSOCIATION (HDA) IS TO REINVEST AND MAINTAIN THE VITALITY OF THE HAMILTON BUSINESS COMMUNITY; TO PROMOTE HAMILTON AS A CULTURAL, HISTORIC, ENTERTAINMENT AND BUSINESS DESTINATION; TO REACH OUT TO THE RESIDENTS OF THE VALLEY TO EDUCATE THEM ON OUR PRODUCTS AND SERVICES AND THE IMPORTANCE OF SUPPORTING LOCAL BUSINESS; AND TO CONTRIBUTE TO THE VITALITY AND WELL-BEING OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Steuer Former Executive Director | 40 | $5,240 | |
Robin Pruitt Executive Director | 40 | $1,667 | |
Gabryelle Eley President | 4 | $0 | |
Will Ramsey Treasurer | 0 | $0 | |
Susan Wetzsteon Board Member | 0 | $0 | |
Kristin Heonstine Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,242 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,890 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$939 |
| Other Revenue | $2,499 |
| Total Revenue | $20,692 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,907 |
| Professional fees and other payments to independent contractors | $1,183 |
| Occupancy, rent, utilities, and maintenance | $4,540 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,731 |
| Total expenses | $31,361 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,235 |
| Other assets | $0 |
| Total assets | $14,235 |
| Total liabilities | $326 |
| Net assets or fund balances | $13,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Native American Development Corporation Billings, MT | $7,334,421 | $5,770,439 |
Iadlest Eagle, ID | $1,362,318 | $1,947,022 |
Regional Development Alliance Inc Idaho Falls, ID | $6,754,531 | $480,196 |
Coeur D Alene Convention And Visitor Bureau Inc Coeur Dalene, ID | $110,803 | $1,016,823 |
Dbl Equity Partners Fargo, ND | $983,044 | $953,194 |
The Chamber Grand Forks, ND | $1,073,749 | $736,774 |
Sun Valley Board Of Realtors Inc Ketchum, ID | $918,947 | $806,199 |
South Dakota Development Corporation Sioux Falls, SD | $70,437 | $274,179 |
Sicangu Community Development Corporation Mission, SD | $1,005,609 | $1,300,506 |
Widc-Frontier Cdc Inc Casper, WY | $3,419,456 | $389,383 |
North Dakota Pharmaceutical Association Bismarck, ND | $143,579 | $277,072 |
Montana High Tech Business Alliance Missoula, MT | $45,001 | $0 |