Downtown Lincoln Association
- Assets
- $222.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Lincoln, NE
- Founding
- 11/1978
- Data as of
- 08/2022
- EIN
- 47-0606379
Organization Overview
Downtown Lincoln Association is located in Lincoln, NE. The organization was established in 1978. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2022, Downtown Lincoln Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Lincoln 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 08/2022, Downtown Lincoln Association generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DOWNTOWN LINCOLN ASSOCIATION PROVIDES SERVICES AND CHAMPIONS INITIATIVES FOR MAINTAINING AND ENHANCING OUR VIBRANT DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES CONTRACT ADMINISTRATIVE, PERSONNEL AND RELATED OPERATING SERVICES AS WELL AS OFFICE AND STORAGE SPACE FOR RELATED NOT- FOR-PROFIT CORPORATIONS IN LINCOLN, NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Ogden President | Officer | 40 | $86,006 |
Lorna Parks Finance Dire | Officer | 40 | $61,495 |
Kim Sturzenegger Secretary | OfficerTrustee | 1 | $0 |
Ken Fougeron Chair | OfficerTrustee | 1 | $0 |
Lynette Nelson Treasurer | OfficerTrustee | 1 | $0 |
Steve Engel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $1,108,075 |
| Investment income | $284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,116,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $157,699 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $609,115 |
| Pension plan accruals and contributions | $38,973 |
| Other employee benefits | $140,562 |
| Payroll taxes | $58,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,113 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,055 |
| Insurance | $26,685 |
| All other expenses | $0 |
| Total functional expenses | $1,115,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,500 |
| Savings and temporary cash investments | $46,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,237 |
| 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 | $11,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,402 |
| Accounts payable and accrued expenses | $50,089 |
| 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 | $50,089 |
| Net assets without donor restrictions | $172,313 |
| Net assets with donor restrictions | $0 |
| 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 | $222,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Builders Association Of Kansas City Kansas City, MO | $9,644,021 | $4,877,663 |
Colorado Society Of Certified Public Accountants Englewood, CO | $3,772,280 | $3,880,058 |
Iowa State Association Of Counties West Des Moines, IA | $36,552,667 | $3,622,222 |
Iowa Association Of Business & Industry Des Moines, IA | $1,426,111 | $2,357,818 |
Wyoming Contractors Association Inc Cheyenne, WY | $5,490,985 | $2,044,065 |
Iowa Society Of Certified Public Accountants West Des Moines, IA | $2,537,401 | $1,947,118 |
Kansas Contractors Association Inc Topeka, KS | $2,245,658 | $1,832,731 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Colorado Springs, CO | $5,551,328 | $1,495,151 |
Colorado Asphalt Pavement Assn Centennial, CO | $1,665,414 | $1,232,133 |
Downtown Lincoln Association Lincoln, NE | $222,402 | $1,116,846 |
Mechanical Contractors Association Of Iowa Inc Urbandale, IA | $2,670,248 | $1,365,829 |
Nebraska Society Of Certified Public Accountants Lincoln, NE | $1,204,859 | $1,205,586 |