Downtown Neighborhood Association Of Elgin
- Assets
- $373.7k
- Revenue
- $283.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Elgin, IL
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 36-3840947
Organization Overview
Downtown Neighborhood Association Of Elgin is located in Elgin, IL. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Downtown Neighborhood Association Of Elgin employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Neighborhood Association Of Elgin is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Downtown Neighborhood Association Of Elgin generated $283.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $294.9k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH DOWNTOWN ELGIN BUSINESS OR PROPERTY OWNERS AND RESIDENTS, IN PARTNERSHIP WITH CITY LEADERS AND COMMUNITY VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENTTHE DNA ACTIVELY RECRUITS NEW BUSINESSES TO VACANT DOWNTOWN PROPERTIES. IT SUPPORTS EXISTING BUSINESSES THROUGH EDUCATION, GRANT OPPORTUNITIES AND STRATEGIC PARTNERSHIPS. IT ADVOCATED FOR PRO-GROWTH CITY POLICIES AT THE ADVISEMENT OF BUSINESSES AND PROPERTY OWNERS. THESE INITIATIVES FACILITATE LONG-TERM, SUSTAINABLE AND VIBRANT BUSINESSES IN DOWNTOWN ELGIN.COMMUNITY BUILDING & COLLABORATIONTHE DNA BRINGS TOGETHER BUSINESSES, PROPERTY OWNERS, CITY OFFICIALS, COMMUNITY MEMBERS AND OTHER KEY STAKE HOLDERS TO COLLABORATE, PARTNER AND BUILD A THRIVING DOWNTOWN COMMUNITY.PERCEPTION & PROMOTIONTHE DNA WORKS WITH THE CITY AND OTHER ORGANIZATIONS TO PROMOTE ALL THAT ELGIN HAS TO OFFER. IT GETS THE WORD OUT ABOUT OUR GREAT CITY THROUGH MARKETING AND SPECIAL EVENTS. IT HELPS TO MANAGE THE IMAGE AND PERCEPTION OF DOWNTOWN ELGIN (AND BY DEFAULT THE CITY AS A WHOLE) THROUGH THE PRESS AND OTHER MEDIA OUTLETS.BEAUTIFICATION & PHYSICAL ENHANCEMENTTHE DNA IS AN ADVOCATE FOR THE PRESERVATION THE RICH HERITAGE OF DOWNTOWN ELGIN. DNA CHAMPIONS THE CITY'S CULTURAL DIVERSITY, HISTORIC ARCHITECTURE AND BEST IN CLASS URBAN DESIGN, THEREBY ENHANCING ITS ARTISTIC CHARACTER AND FORWARD THINKING IDEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kroiss President | OfficerTrustee | 10 | $0 |
Brian Pinon Vice President | OfficerTrustee | 5 | $0 |
Joy Symonds Treasurer | OfficerTrustee | 5 | $0 |
Mark Novelli Secretary | OfficerTrustee | 5 | $0 |
Patricia Williams Director | Trustee | 1 | $0 |
Tom Brockner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,540 |
| Total Program Service Revenue | $83,114 |
| Investment income | $530 |
| 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 | $283,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,200 |
| Payroll taxes | $11,419 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $1,220 |
| Fees for services: Accounting | $5,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $784 |
| Advertising and promotion | $7,905 |
| Office expenses | $5,334 |
| Information technology | $23,824 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,835 |
| All other expenses | $3,931 |
| Total functional expenses | $294,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,110 |
| Savings and temporary cash investments | $199,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,528 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $373,724 |
| Accounts payable and accrued expenses | $20,858 |
| Grants payable | $0 |
| Deferred revenue | $4,487 |
| 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 | $25,345 |
| Net assets without donor restrictions | $348,379 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $373,724 |