Michigan Downtown Association
- Assets
- $70.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Branch, MI
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 38-3007545
Organization Overview
Michigan Downtown Association is located in North Branch, MI. The organization was established in 1992. 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. Michigan Downtown 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 12/2021, Michigan Downtown Association generated $95.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $81.7k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO BE A LEADER IN PRESERVING AND ENHANCING DOWNTOWNS THROUGH EDUCATION AND ADVOCACY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Knowles Bd Member | 5 | $0 | |
Becky Goodman Past Chair | 5 | $0 | |
Anne Gentry Bd Member | 5 | $0 | |
Laura Krizov Bd Member | 5 | $0 | |
Cristina Sheppard-Decius Chair | 5 | $0 | |
Jerry Dettloff Bd Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,250 |
| Total Program Service Revenue | $33,068 |
| Membership dues | $37,842 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,007 |
| Total Revenue | $95,167 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $57,575 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $223 |
| Other expenses | $23,276 |
| Total expenses | $81,674 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,439 |
| Other assets | $0 |
| Total assets | $70,888 |
| Total liabilities | $28,630 |
| Net assets or fund balances | $42,258 |