Old Town Fairfax Business Association
- Assets
- $44.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- Data as of
- 12/2022
- EIN
- 46-0897041
Organization Overview
Old Town Fairfax Business Association is located in Fairfax, VA. 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. Old Town Fairfax Business 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 12/2022, Old Town Fairfax Business Association generated $116.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $75.2k during the year ending 12/2022. 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
GALVANIZING LOCAL BUSINESS LEADERSHIP AND ENHANCING COMMUNICATION AND COLLABORATIONS - 20%PARTNERING WITH THE CITY OF FAIRFAX TO INCLUDE BUSINESS PARTICIPATION IN DOWNTOWN EVENTS SUCH AS ROCK THE BLOCK CONCERTS, FALL FESTIVAL BUSINESS ALLEY, CHOCOLATE LOVER'S FESTIVAL, PARK(ING) DAY, SMALL BUSINESS SATURDAY, AND GEORGE MASON UNIVERSITY HOMECOMING - 20%MARKETING THE OLD TOWN AND TRANSITION OVERLAY COMMERCIAL DISTRICTS TO ATTRACT INVESTMENT AND PATRONS - 15%PROMOTING URBAN VILLAGE STYLE PLANNING PRINCIPLES AND ENSURING QUALITY DEVELOPMENT, WHILE PROMOTING PRESERVATION OF BUSINESS COMMUNITYS HISTORIC CHARACTER - 15%ASSISTING DEVELOPERS, BUSINESS OWNERS AND TENANTS NAVIGATE REGULATORY REQUIREMENTS AND ACCESS AVAILABLE RESOURCES - 10%COORDINATING EFFORTS TO ADDRESS DOWNTOWN TRANSPORTATION, PARKING, AND WAYFINDING ISSUES - 10%ACTIVELY SUPPORTING THE DINING/ART, CULTURE AND ENTERTAINMENT PROGRAMS AND CONTRIBUTING GROUPS - 10%
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Alexander President | 5 | $0 | |
Dawn Mcgruder Treasurer | 2 | $0 | |
Jinson Chan Board Member | 6 | $0 | |
Craig Smith Board Member | 1 | $0 | |
Bryan Wright Board Member | 1 | $0 | |
Boyd Harrison Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,772 |
| Total Program Service Revenue | $14,936 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,708 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,855 |
| Professional fees and other payments to independent contractors | $29,868 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,505 |
| Total expenses | $75,228 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,598 |
| Other assets | $0 |
| Total assets | $44,411 |
| Total liabilities | $0 |
| Net assets or fund balances | $44,411 |