Downtown Business Association
- Assets
- $176.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elko, NV
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 88-0217143
Organization Overview
Downtown Business Association is located in Elko, NV. The organization was established in 1992. 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 Business 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 12/2022, Downtown Business Association generated $86.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $73.4k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING THE CURRENT YEAR THE DOWNTOWN BUSINESS ASSOCIATION CONTINUED TO CONDUCT ACTIVITIES THAT PROMOTE COMMERCE IN DOWNTOWN ELKO INCLUDING THE FOLLOWING: 1) THE SNOWFLAKE FESTIVAL WHICH IS CONDUCTED DURING THE CHRISTMAS SEASON;AND 2) WINE WALKS WHICH ARE CONDUCTED DURING THE SUMMER AND FALL MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Ayala Vice Preside | 0 | $0 | |
Marissa Lostra Secretary | 0 | $0 | |
Derrek Anderson President | 0 | $0 | |
Alison Byers Treasurer | 0 | $0 | |
Morgan Lozano Director | 0 | $0 | |
Jan Petersen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,369 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $342 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $71,204 |
| Other Revenue | $0 |
| Total Revenue | $86,915 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,349 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $69,035 |
| Total expenses | $73,384 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $171,002 |
| Other assets | $0 |
| Total assets | $176,752 |
| Total liabilities | $3,446 |
| Net assets or fund balances | $173,306 |
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