Downtown Business Assn Of Escondido
- Assets
- $104.2k
- Revenue
- $283.0
- Investments
- $0.0
- Employees
- 0
- Location
- Escondido, CA
- Founding
- 09/1988
- Data as of
- 06/2021
- EIN
- 33-0158183
Organization Overview
Downtown Business Assn Of Escondido is located in Escondido, CA. 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 Business Assn Of Escondido 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 06/2021, Downtown Business Assn Of Escondido generated $283.0 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 (52.6%) each year. All expenses for the organization totaled $12.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DBA WORKS WITH DOWNTOWN BUSINESSES AND THE CITY TO MAINTAIN, IMPROVE, AND PROMOTE THE CHARACTER AND QUALITY OF DOWNTOWN ESCONDIDO, AND TO IMPROVE THE ECONOMIC AND CULTURAL WELFARE OF THE BUSINESSES DOWNTOWN. ALL BUSINESSES WITHIN THE BUSINESS IMPROVEMENT DISTRICT ARE MEMBERS. VOLUNTARY MEMBERSHIPS ARE 125/YEAR, ALTHOUGH NONE WERE PAID FOR THE FISCAL YEAR ENDED JUNE 30, 2020.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRE, PROMOTE, AND SUPPORT A THRIVING DOWNTOWN ESCONDIDO.
INSPIRE, PROMOTE, AND SUPPORT A THRIVING DOWNTOWN ESCONDIDO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Forster Vice Preside | Officer | 2 | $0 |
Louisa Magoon Secretary | Officer | 1 | $0 |
Alex Maclachlan President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $589 |
| Advertising and promotion | $0 |
| Office expenses | $674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,156 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395 |
| Insurance | $3,008 |
| All other expenses | $0 |
| Total functional expenses | $12,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,154 |
| Accounts payable and accrued expenses | $53 |
| Grants payable | $0 |
| Deferred revenue | $35,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,053 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $69,101 |
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