Aberdeen Downtown Association
- Assets
- $983.6k
- Revenue
- $259.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Aberdeen, SD
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 46-0460220
Organization Overview
Aberdeen Downtown Association is located in Aberdeen, SD. The organization was established in 2001. 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. As of 12/2022, Aberdeen Downtown Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aberdeen 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 12/2022, Aberdeen Downtown Association generated $259.1k 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 (5.5%) each year. All expenses for the organization totaled $244.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATING VITALITY IN THE HEART OF THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD EVENTS IN THE DOWNTOWN ABERDEEN CORE TO BRING PEOPLE TO THE DOWNTOWN DISTRICT. EVENTS AND RESPECTIVE ATTENDANCE INCLUDE: SIZZLIN' SUMMER NIGHTS CAR SHOW BROUGHT 3,780 PEOPLE, SUMMER CONCERT SERIES BROUGHT 7,760 PEOPLE, TRICK OR TREAT ON MAIN BROUGHT 1,500 PEOPLE, AND WINE WALK BROUGHT 185 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Westra-Heier Executive Director (jan-Sep 22) | Officer | 40 | $66,531 |
Alexa Sheldon Executive Director (dec-22) | Officer | 40 | $2,917 |
Spencer Sommers President | OfficerTrustee | 1 | $0 |
Kelli Schaunaman Vice President | OfficerTrustee | 1 | $0 |
Kyle Walz Secretary | OfficerTrustee | 1 | $0 |
Olaf Hanson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,411 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,567 |
| Total Program Service Revenue | $11,377 |
| Investment income | $0 |
| 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 | $259,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $669 |
| 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. | $78,949 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,366 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173 |
| Advertising and promotion | $25,498 |
| Office expenses | $22,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,469 |
| Insurance | $5,636 |
| All other expenses | $344 |
| Total functional expenses | $244,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $346,381 |
| 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 |
| Net Land, buildings, and equipment | $630,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $983,630 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $967,080 |
| Net assets with donor restrictions | $16,550 |
| 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 | $983,630 |
Grants Awarded
Over the last fiscal year, Aberdeen Downtown Association has awarded $38,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KARISMA BOUTIQUE PURPOSE: Facade grant | $5,000 |
ABERDEEN DOWNTOWN APARTMENTS LLC PURPOSE: Facade grant | $26,000 |
CHOW MAIN PROPERTIES PURPOSE: Facade grant | $7,500 |