Old Town Merchants Association
- Assets
- $62.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Van Buren, AR
- Founding
- 12/1993
- Data as of
- 12/2020
- EIN
- 71-0679369
Organization Overview
Old Town Merchants Association is located in Van Buren, AR. The organization was established in 1993. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Town Merchants 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, Old Town Merchants Association generated $17.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $21.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 6 years. 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 |
|---|---|---|---|
Bruce Strandlein Treasurer | 0 | $0 | |
Lonnie London President | 0 | $0 | |
Steve Edwards Vice Preside | 0 | $0 | |
Lindsay Dodson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,425 |
| Total Program Service Revenue | $4,453 |
| Membership dues | $2,983 |
| Investment income | $1,850 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,711 |
| 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 | $3,454 |
| Occupancy, rent, utilities, and maintenance | $5,656 |
| Printing, publications, postage, and shipping | $230 |
| Other expenses | $12,211 |
| Total expenses | $21,551 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,925 |
| Other assets | $0 |
| Total assets | $62,162 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,162 |
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