Downtown Billings Association Inc
- Assets
- $90.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 81-0434154
Organization Overview
Downtown Billings Association Inc is located in Billings, MT. The organization was established in 1988. 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. Downtown Billings 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 06/2022, Downtown Billings Association Inc generated $112.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $182.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES SERVICES AND EVENTS THAT PROMOTE THE COMMUNITY AND GROWTH OF DOWNTOWN BILLINGS. EVENTS ORGANIZED BY THE ASSOCIATION ARE OPEN AND FREE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Easton CEO | 20 | $0 | |
Brandon Scala Vice President | 1 | $0 | |
Toni Schneider Director | 1 | $0 | |
Matt Blakeslee President | 1 | $0 | |
Jennifer Reiser Director | 0 | $0 | |
Tracy Mouser Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,180 |
| Total Program Service Revenue | $55,984 |
| Membership dues | $0 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $112,192 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,129 |
| Professional fees and other payments to independent contractors | $8,891 |
| Occupancy, rent, utilities, and maintenance | $21,936 |
| Printing, publications, postage, and shipping | $2,052 |
| Other expenses | $83,152 |
| Total expenses | $182,160 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,999 |
| Other assets | $0 |
| Total assets | $90,401 |
| Total liabilities | $148,188 |
| Net assets or fund balances | -$57,787 |