Redwood City Downtown Business Group
- Assets
- $37.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 30-0067243
Organization Overview
Redwood City Downtown Business Group is located in Redwood City, CA. The organization was established in 2002. 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. Redwood City Downtown Business Group 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 12/2022, Redwood City Downtown Business Group generated $149.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $133.6k during the year ending 12/2022. While expenses have increased by 17.4% per year over the past 8 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 Program Activity:
Part 3
SPONSOR AND HOST COMMUNITY EVENTS THAT INCREASE BUSINESS AWARENESS AND PROFITABILITY WHILE ATTRACTING NEW PATRONS TO THE DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Shearin President | 5 | $0 | |
Sue Mitchell Vice President | 5 | $0 | |
Greg Garcia Board Member | 5 | $0 | |
Ron Jones Board Member | 5 | $0 | |
Ralph Garcia Board Member | 5 | $0 | |
Gita Raza Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,487 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $141,670 |
| Other Revenue | $0 |
| Total Revenue | $149,157 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,000 |
| Professional fees and other payments to independent contractors | $31,498 |
| Occupancy, rent, utilities, and maintenance | $2,353 |
| Printing, publications, postage, and shipping | $464 |
| Other expenses | $59,263 |
| Total expenses | $133,578 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,527 |
| Other assets | $0 |
| Total assets | $37,527 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,527 |