Downtown Business And Professional Association
- Assets
- $46.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minot, ND
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 45-0376535
Organization Overview
Downtown Business And Professional Association is located in Minot, ND. The organization was established in 1991. 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 And Professional 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 12/2022, Downtown Business And Professional Association generated $47.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $43.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) 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
PROVIDING A WIDE RANGE OF EVENTS, ACTIVITES AND SHOPPING DOWNTOWN TO HELP MAKE THE MINOT AREA PROSPEROUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Bolton Director | 1 | $0 | |
Chad Thompson Former Director | 1 | $0 | |
Lyndsay Ulrickson Former Director | 1 | $0 | |
Denis Lindbo Director | 1 | $0 | |
Jeremy Mahaney Director | 1 | $0 | |
Jason Bentley Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $31,900 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,017 |
| Other Revenue | $982 |
| Total Revenue | $47,899 |
| 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 | $19,999 |
| Occupancy, rent, utilities, and maintenance | $6,468 |
| Printing, publications, postage, and shipping | $2,520 |
| Other expenses | $14,745 |
| Total expenses | $43,732 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,625 |
| Other assets | $0 |
| Total assets | $46,336 |
| Total liabilities | $3,171 |
| Net assets or fund balances | $43,165 |