Aberdeen Downtown Association
- Assets
- $1.0m
- Revenue
- $343.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Aberdeen, SD
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 46-0460220
Organization Overview
Aberdeen Downtown Association is located in Aberdeen, SD. The organization was established in 2001. 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. As of 12/2021, Aberdeen Downtown Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aberdeen 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, Aberdeen Downtown Association generated $343.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $243.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING VITALITY IN THE HEART OF THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD EVENTS IN THE DOWNTOWN ABERDEEN CORE TO BRING PEOPLE TO THE DOWNTOWN DISTRICT. EVENTS AND RESPECTIVE ATTENDANCE INCLUDE: SIZZLIN' SUMMER NIGHTS CAR SHOW BROUGHT 3,780 PEOPLE, SUMMER CONCERT SERIES BROUGHT 7,760 PEOPLE, TRICK OR TREAT ON MAIN BROUGHT 1,500 PEOPLE, AND WINE WALK BROUGHT 185 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Westra-Heier Executive Director | Officer | 40 | $67,248 |
Spencer Sommers President | OfficerTrustee | 1 | $0 |
Kelli Schaunaman Secretary | OfficerTrustee | 1 | $0 |
Olaf Hanson Treasurer | OfficerTrustee | 1 | $0 |
Kyle Walz Vice President | OfficerTrustee | 1 | $0 |
Lindsey Brooks Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,785 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $279,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,348 |
| Total Program Service Revenue | $17,177 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $207 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,248 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,327 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155 |
| Advertising and promotion | $25,821 |
| Office expenses | $6,665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,389 |
| All other expenses | $0 |
| Total functional expenses | $243,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $352,296 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $654,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $1,012,514 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $995,964 |
| Net assets with donor restrictions | $16,550 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,012,514 |
Grants Awarded
Over the last fiscal year, Aberdeen Downtown Association has awarded $38,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ABERDEEN DOWNTOWN APARTMENTS LLC PURPOSE: Facade grant | $26,000 |
CHOW MAIN PROPERTIES PURPOSE: Facade grant | $7,500 |
KARISMA BOUTIQUE PURPOSE: Facade grant | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aberdeen Downtown Association has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Aberdeen Area Community Foundation Inc Aberdeen, SD PURPOSE: Support for community concerts | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |