Downtown Ogden Inc
- Assets
- $104.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Ogden, UT
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 87-0507277
Organization Overview
Downtown Ogden Inc is located in Ogden, UT. The organization was established in 1994. 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. Downtown Ogden 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 12/2022, Downtown Ogden Inc generated $32.0k 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 (25.4%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.9%) 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
SUCCESSFULLY PROMOTED ECONOMIC DEVELOPMENT OF THE DOWNTOWN OGDEN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Karras Secretary | 1 | $0 | |
Dan Musgrave Executive Dir. | 2 | $0 | |
Mark Altice President | 1 | $0 | |
Mike Gale Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,512 |
| Membership dues | $0 |
| Investment income | $504 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,016 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,034 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,619 |
| Total expenses | $30,653 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,780 |
| Other assets | $0 |
| Total assets | $104,742 |
| Total liabilities | $0 |
| Net assets or fund balances | $104,742 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Ogden Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Wadman Foundation Ogden, UT PURPOSE: COMMUNITY SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
Lake Tahoe Visitors Authority Inc Stateline, NV | $11,099,919 | $7,709,043 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |
Las Vegas Events Inc Las Vegas, NV | $8,586,651 | $5,544,926 |
Institute Of Inspection Cleaning & Restoration Certification Iicrc Las Vegas, NV | $11,140,203 | $7,426,713 |
Wyoming Chambers Health Benefit Association Gillette, WY | $3,153,493 | $5,111,173 |
Professional Beauty Association Scottsdale, AZ | $10,884,014 | $4,839,864 |
American Gem Society Las Vegas, NV | $13,434,357 | $4,696,914 |
Salt Lake Board Of Realtors Sandy, UT | $21,819,428 | $6,834,992 |
Association Of Surgical Technologists Inc Littleton, CO | $22,013,742 | $6,271,180 |