Norman Downtowners Association
- Assets
- $3.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 03/2017
- Data as of
- 12/2020
- EIN
- 47-2985275
Organization Overview
Norman Downtowners Association is located in Norman, OK. The organization was established in 2017. 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. Norman Downtowners 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 12/2020, Norman Downtowners Association generated $6.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $6.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Koranda Chair/secretary | 1 | $0 | |
Erinn Gavaghan Vice Chair | 0.5 | $0 | |
Chuck Thompson Treasurer | 0.5 | $0 | |
Dan Schemm Director | 0.25 | $0 | |
Nathan Thompson Director | 0.25 | $0 | |
Jim Adair Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,800 |
| Membership dues | $4,400 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $995 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $267 |
| Other expenses | $4,012 |
| Total expenses | $6,274 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,707 |
| Other assets | $0 |
| Total assets | $3,707 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,707 |