Mason City Downtown Association
- Assets
- $94.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Mason City, IA
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 48-1256121
Organization Overview
Mason City Downtown Association is located in Mason City, IA. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason City Downtown Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Mason City Downtown Association generated $111.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $112.3k during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONDUCTED EDUCATIONAL AND PROMOTIONAL ACTIVITIES TOFOCUS ATTENTION TO THE CULTURE AND HISTORICAL ASPECTSOF THE DOWNTOWN CORRIDOR OF MASON CITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Arndt President | 1 | $0 | |
Abigail Lee Vice Pres | 1 | $0 | |
Jaclyn Meier Treasurer | 1 | $0 | |
Melissa Fabian Secretary | 1 | $0 | |
Melissa Evans Director | 1 | $0 | |
Jason Geving Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,393 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,198 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $35,972 |
| Total Revenue | $111,563 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,106 |
| Professional fees and other payments to independent contractors | $26,645 |
| Occupancy, rent, utilities, and maintenance | $8,635 |
| Printing, publications, postage, and shipping | $2,538 |
| Other expenses | $71,372 |
| Total expenses | $112,296 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,854 |
| Other assets | $0 |
| Total assets | $94,854 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,854 |
Grants Awarded
Over the last fiscal year, Mason City Downtown Association has awarded $91,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MASON CITY PURPOSE: CAPITAL PROJECTS | $16,200 |
PARKER HOUSE PROPERTIES PURPOSE: HOUSING | $75,000 |