Downtown Lincoln Association
- Assets
- $406.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 36
- Location
- Lincoln, NE
- Founding
- 11/1978
- Data as of
- 08/2023
- EIN
- 47-0606379
Organization Overview
Downtown Lincoln Association is located in Lincoln, NE. The organization was established in 1978. 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. As of 08/2023, Downtown Lincoln Association employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Lincoln 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 08/2023, Downtown Lincoln Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. While expenses have increased by 4.3% per year over the past 8 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
THE DOWNTOWN LINCOLN ASSOCIATION PROVIDES SERVICES AND CHAMPIONS INITIATIVES FOR MAINTAINING AND ENHANCING OUR VIBRANT DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES CONTRACT ADMINISTRATIVE, PERSONNEL AND RELATED OPERATING SERVICES AS WELL AS OFFICE AND STORAGE SPACE FOR RELATED NOT- FOR-PROFIT CORPORATIONS IN LINCOLN, NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Fougeron Chair | OfficerTrustee | 1 | $0 |
Kim Sturzenegger Secretary | OfficerTrustee | 1 | $0 |
Lynette Nelson Treasurer | OfficerTrustee | 1 | $0 |
Robert Campbell II Director | Trustee | 1 | $0 |
Tom Klein Director | Trustee | 1 | $0 |
Ann Ringlein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $1,235,545 |
| Investment income | $268 |
| 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 | $1,244,833 |
| 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. | $166,358 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $701,998 |
| Pension plan accruals and contributions | $40,446 |
| Other employee benefits | $154,921 |
| Payroll taxes | $66,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,625 |
| 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 | $7,032 |
| Insurance | $26,672 |
| All other expenses | $0 |
| Total functional expenses | $1,247,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,887 |
| Savings and temporary cash investments | $46,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,818 |
| 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 | $4,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,795 |
| Total assets | $406,398 |
| Accounts payable and accrued expenses | $58,403 |
| 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 | $178,795 |
| Total liabilities | $237,198 |
| Net assets without donor restrictions | $169,200 |
| 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 | $406,398 |