Hattiesburg Downtown Association Inc
- Assets
- $92.4k
- Revenue
- $228.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 64-0880868
Organization Overview
Hattiesburg Downtown Association Inc is located in Hattiesburg, MS. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hattiesburg Downtown Association Inc 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, Hattiesburg Downtown Association Inc generated $228.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $200.1k during the year ending 12/2021. While expenses have increased by 11.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE DOWNTOWN HATTIESBURG
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION, MARKETING AND EDUCATION OF INVESTORS, DEVELOPERS, ENTERPRENEURS, BUSINESSES, SHOPPERS, VISITORSAND RESIDENTS THAT DOWNTOWN HATTIESBURG IS A DESTINATION. HOSTED EVENTS TO PROMOTE DOWNTOWN
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Coll Past President | Officer | 1 | $0 |
Marlo Dorsey Secretary | Officer | 1 | $0 |
Michael Marks Vice President | Officer | 1 | $0 |
Shawn Lowrey President | Officer | 1 | $0 |
Shawn Harris Treasurer | Officer | 2 | $0 |
Nelson 0 Haskin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,150 |
| Total Program Service Revenue | $101,698 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $178 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,077 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,315 |
| Advertising and promotion | $16,957 |
| Office expenses | $8,474 |
| Information technology | $3,200 |
| Royalties | $0 |
| Occupancy | $4,967 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,890 |
| Interest | $2,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,954 |
| All other expenses | $0 |
| Total functional expenses | $200,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,398 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,398 |
| 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 | $92,398 |
| 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 | $92,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Louisiana Certified Public Accountants Metairie, LA | $4,331,206 | $3,977,923 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Mobile, AL | $11,744,675 | $3,230,739 |
National Tile Contractors Assoc Jackson, MS | $5,173,530 | $3,514,951 |
Tennessee Society Of Certified Public Accountants Brentwood, TN | $4,364,880 | $3,240,812 |
Louisiana Travel Promotion Association Baton Rouge, LA | $925,059 | $2,808,898 |
Orthoforum Inc Knoxville, TN | $4,583,324 | $2,767,682 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Nashville, TN | $4,408,453 | $2,757,970 |
Arkansas Trucking Association Inc Little Rock, AR | $2,123,408 | $2,230,040 |
Independent Professional Seedmen Fayetteville, AR | $1,036,186 | $1,039,099 |
Tennessee Trucking Association Inc Nashville, TN | $479,309 | $1,051,325 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Montgomery, AL | $1,865,618 | $919,481 |
Alabama Road Builders Association Inc Montgomery, AL | $1,176,404 | $946,355 |