Downtown Jasper Business Association
- Assets
- $243.8k
- Revenue
- $368.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Jasper, AL
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-3854043
Organization Overview
Downtown Jasper Business Association is located in Jasper, AL. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Jasper Business 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 Jasper Business Association generated $368.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $295.3k during the year ending 12/2022. While expenses have increased by 27.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE COMMERCIAL ACTIVITY IN DOWNTOWN JASPER, ALABAMA BY PROMOTING THE GENERAL ATMOSPHERE OF THE AREA FOR THE BENEFIT OF THE RETAIL BUSINESS AND TO UNITE THE DOWNTOWN MERCHANTS AND PROFESSIONALS. DJBA WILL EDUCATE THE PUBLIC ABOUT THE HISTORY OF DOWNTOWN JASPER WITH THE HOPE OF ENCOURAGING COOPERATION AND BUILDING LEADERSHIP IN THE BUSNIESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE COMMERCIAL ACTIVITY IN DOWNTOWN JASPER, ALABAMA BY PROMOTING THE GENERAL ATMOSPHERE OF THE AREA FOR THE BENEFIT OF THE RETAIL BUSINESS AND TO UNITE THE DOWNTOWN MERCHANTS AND PROFESSIONALS. DJBA WILL EDUCATE THE PUBLIC ABOUT THE HISTORY OF DOWNTOWN JASPER WITH THE HOPE OF ENCOURAGING COOPERATION AND BUILDING LEADERSHIP IN THE BUSNIESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Young Sanders President | Trustee | 0 | $0 |
Fred G May Vice President | Trustee | 0 | $0 |
George A Richardson Secretary | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,054 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,403 |
| Total Program Service Revenue | $0 |
| 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 | $10,676 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,079 |
| 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 | $90,320 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,131 |
| Payroll taxes | $7,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,800 |
| Advertising and promotion | $57,875 |
| Office expenses | $3,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,726 |
| Travel | $7,566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,224 |
| Insurance | $1,873 |
| All other expenses | $34,932 |
| Total functional expenses | $295,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,813 |
| Savings and temporary cash investments | $0 |
| 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 | $9,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,529 |
| Total assets | $243,823 |
| 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 | $243,823 |
| 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 | $243,823 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Jasper Business Association has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Cawaco Resource Conservation And Development Area Birmingham, AL PURPOSE: CHALLENGE | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |