Downtown Stockton Alliance Inc
- Assets
- $775.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Stockton, CA
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 68-0374511
Organization Overview
Downtown Stockton Alliance Inc is located in Stockton, CA. The organization was established in 1997. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Downtown Stockton Alliance Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Stockton Alliance 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, Downtown Stockton Alliance Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.9% 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
THE MISSION OF THE DOWNTOWN STOCKTON ALLIANCE IS TO DEVELOP, PROMOTE AND MAINTAIN HISTORIC DOWNTOWN STOCKTON AS A REGIONAL BUSINESS, CULTURAL AND ENTERTAINMENT DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DOWNTOWN STOCKTON ALLIANCE'S 2021 ACCOMPLISHMENTTUESDAY NIGHT MUSIC SERIES IN JANET LEIGH PLAZA.RELIEF ACROSS DOWNTOWN (RAD) MATCHING FUNDS MERCHANT CARD PROGRAM THROUGH SJ COUNTY CARE FUNDING.DIVERSITY PLAZA RECLAMATION (OLD HUNTER SQUARE).MINER AVENUE ART PIECE INSTALLATION IN ROUNDABOUT (1965 SPIRE THAT WAS IN OLD HUNTER SQUARE).HISTORIC POSTCARD MURALS HOTEL STOCKTONSOUNDS OF DOWNTOWN/JAZZ IN THE PLAZA/TORRES TUESDAYS CONCERT SERIES - ON GOING.PICTURES WITH SANTA IN JANET LEIGH PLAZA ON GOING.DIVERSITY PLAZA GRAND OPENING 2022.PARTNER IN FLAVOR FEST FESTIVAL MAY 2022 ON GOINGFULL MOON RIDERS ON GOING.NATIONAL NIGHT OUT - ON GOING.TALK TO DOWNTOWN WEB CAST ON GOING
ECONOMIC DEVELOPMENT:WE ARE A PART OF CHANGE IN DOWNTOWN STOCKTON. THE ECONOMIC DEVELOPMENT ACTIVITIES IN DOWNTOWN STOCKTON HAVE GOTTEN THE ATTENTION OF NUMEROUS INVESTORS FROM THROUGHOUT CALIFORNIA AND THE BAY AREA. ESCALATING REAL ESTATE PRICES IN THE BAY AREA HAVE DRIVEN INVESTORS TO INVESTMENTS IN COMMERCIAL PROPERTY IN DOWNTOWN STOCKTON. IN ADDITION, AN ACTIVE DEVELOPER, 10 SPACE, HAS TURNED OVER NEW INVESTMENTS AND FILLED A NUMBER OF LONG VACANT PROPERTIES INTO THRIVING COMMERCIAL SPACE. THREE NEW RESTAURANTS OPENED AND DOWNTOWN'S FIRST BREWERY OPENED. DSA IS MARKETING SUPPORT FOR THE RESTAURANT CLUSTER IN DOWNTOWN. IN ADDITION, DSA BEGAN A NEW PARTNERSHIP WITH CENTRO COMMUNITY PARTNERS, AN INTERNATIONAL MICRO-ENTERPRISE CENTER TO PROVIDE TRAINING TO NEW MICRO ENTERPRISE AND SMALL BUSINESS ENTREPRENEURS. A SPANISH LANGUAGE CLASS IS BEING READIED AND A POST- GRADUATION NETWORK IS PLANNED. THIS PROGRAM WAS SPONSORED BY THE CITY OF STOCKTON CDBG AND BY BBVA COMPASS BANK. THE SECOND YEAR OF THE GREAT BIG READ EVENT WAS HELD IN SUCCESSFUL PARTNERSHIP WITH THE CITY OF STOCKTON LIBRARY SERVICES AND THE BEYOND OUR GATES PROGRAM AT UNIVERSITY OF THE PACIFIC, AS WELL AS MANY COMMUNITY PARTNERS. THE EVENT EMPHASIZES LITERACY AS AN INCREASINGLY IMPORTANT INVESTMENT IN STOCKTON, WITH AN IMPORTANT CONNECTION TO BUSINESS SUCCESS IN THE COMMUNITY. A FULL SPECIAL EVENTS CALENDAR INCLUDES THE ANNUAL LOVE YOU BABY RESTAURANT PROMOTION, THE ANNUAL GREAT BIG READ, AND THE FULL MOON RIDERS PROMOTIONAL RIDE ON THE FULL MOON NIGHT EACH MONTH FROM MAY TO OCTOBER, BRINGING HUNDREDS OF RIDERS INTO THE DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Huber CEO | Officer | 40 | $110,250 |
Matthew Amen Vice President | OfficerTrustee | 4 | $0 |
Kari Mcnickle Chairman | OfficerTrustee | 4 | $0 |
Carlos Jimenez Treasurer | OfficerTrustee | 4 | $0 |
Jane Steinkamp Secretary | OfficerTrustee | 4 | $0 |
Steve Kihlthau Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,126,115 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,300,955 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $1,638,141 |
| 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. | $110,250 |
| Compensation of current officers, directors, key employees. | $28,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $722,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,831 |
| Payroll taxes | $78,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90 |
| Fees for services: Accounting | $13,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,265 |
| Advertising and promotion | $17,032 |
| Office expenses | $16,160 |
| Information technology | $9,904 |
| Royalties | $0 |
| Occupancy | $48,294 |
| 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 | $34,503 |
| Insurance | $64,924 |
| All other expenses | $34,735 |
| Total functional expenses | $1,701,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,255 |
| 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 | $98,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,786 |
| Total assets | $775,433 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $474,673 |
| 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 | $6,714 |
| Total liabilities | $481,387 |
| Net assets without donor restrictions | $294,046 |
| 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 | $775,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Los Angeles Area Chamber Of Commerce Los Angeles, CA | $7,562,162 | $6,083,780 |
Sacramento Convention And Visitors Bureau Sacramento, CA | $12,491,564 | $12,454,571 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |
Engineering & Utility Contractors Association San Ramon, CA | $6,057,921 | $5,434,926 |
Better Business Bureau Inc San Leandro, CA | $5,371,959 | $5,607,401 |