Downtown Business Association Inc
- Assets
- $390.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 03/1957
- Data as of
- 12/2022
- EIN
- 95-1807800
Organization Overview
Downtown Business Association Inc is located in Bakersfield, CA. The organization was established in 1957. 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 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 Business Association Inc generated $97.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $130.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 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
SERVES AS THE ADVOCATE AND PROMOTER OF BUSINESS AND ECONOMIC INTERESTS IN THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixie Brewer Chairperson | 0.5 | $0 | |
Deanna Araujo Vice-Chair | 0.5 | $0 | |
Melanie Farmer President/ceo | 0.5 | $0 | |
Andy Barkate Treasurer | 0.5 | $0 | |
Cathy Butler Secretary | 0.5 | $0 | |
Bob Bell Past Chair | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,100 |
| Total Program Service Revenue | $14,282 |
| Membership dues | $51,517 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,148 |
| Other Revenue | $0 |
| Total Revenue | $97,751 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $92,162 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,496 |
| Printing, publications, postage, and shipping | $3,340 |
| Other expenses | $26,211 |
| Total expenses | $130,209 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $390 |
| Other assets | $0 |
| Total assets | $390 |
| Total liabilities | $76,541 |
| Net assets or fund balances | -$76,151 |