Downtown Business Association
- Assets
- $166.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elko, NV
- Founding
- 05/1992
- Data as of
- 12/2023
- 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 12/2023, Downtown Business Association generated $46.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $54.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 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
2023
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 |
|---|---|---|---|
Marissa Lostra Secretary | 0 | $0 | |
Derrek Anderson Past Preside | 0 | $0 | |
Alison Byers Treasurer | 0 | $0 | |
Morgan Lozano Vice Preside | 0 | $0 | |
Brandy Ornelas President | 0 | $0 | |
Iolalnda Gillins Trustee/dire | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,446 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,444 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,508 |
| Other Revenue | $0 |
| Total Revenue | $46,398 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,080 |
| Professional fees and other payments to independent contractors | $5,284 |
| Occupancy, rent, utilities, and maintenance | $1,453 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,171 |
| Total expenses | $53,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $166,088 |
| Other assets | $0 |
| Total assets | $166,622 |
| Total liabilities | $906 |
| Net assets or fund balances | $165,716 |