Bel Air Downtown Alliance Inc
- Assets
- $350.2k
- Revenue
- $589.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Bel Air, MD
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 52-2329954
Organization Overview
Bel Air Downtown Alliance Inc is located in Bel Air, MD. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Bel Air Downtown Alliance Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bel Air Downtown Alliance Inc 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 12/2022, Bel Air Downtown Alliance Inc generated $589.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $471.3k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 7 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
THE BEL AIR DOWNTOWN ALLIANCE, INC. IS A NON-PROFIT COMMUNITY DEVELOPMENT ORGANIZATION WHOSE MISSION IS TO MOBILIZE STAKEHOLDERS TO INVEST IN BEL AIR'S NEIGHBORHOODS, ECONOMY AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLIANCE SPONSORS COMMUNITY EVENTS IN THE TOWN OF BEL AIR, MD , SERVING TO STRENGTHEN THE ECONOMIC BASE AND SENSE OF COMMUNITY FOR ITS BUSINESSES AND RESIDENTS. THE EVENTS CONDUCTED WERE THE MOVIES IN SHAMROCK PARK, CHOCOLATE BREW & WINE TOUR, THE BELLE AIRE MARKET, CHRISTMAS PARADE AND OTHER SEASONAL ACTIVITIES CONDUCTED BY THE ALLIANCE SUCH AS FIRST FRIDAYS, WINTER WONDERLAND AND MAIN STREET SOCIAL.
THE BEL AIR ALLIANCE CONTINUED WITH PROJECTS TO INCREASE TOURISM AND CIVIC PRIDE THROUGH ITS TOWN BEAUTIFICATION AND REVITALIZATION PROJECTS INCLUDING THE FACADE IMPROVEMENT PROJECTS, BEL AIR WAYFINDING KIOSKS, AND BEL AIR COWORKING ARRANGEMENTS. THESE NEW PROJETS WERE FUNDED VIA GRANTS AS WELL AS FROM CONTRIBUTIONS FROM PARTICIPANTS, SPONSORS AND THE TOWN OF BEL AIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Meyer President | OfficerTrustee | 3 | $0 |
Wayne Goddard Secretary | OfficerTrustee | 2 | $0 |
Lesley Lookingbill Treasurer | OfficerTrustee | 2 | $0 |
Kristen Oktavec Board Member | Trustee | 1 | $0 |
Cristie Hopkins Board Member | Trustee | 1 | $0 |
Kate Schwab Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,085 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,791 |
| Total Program Service Revenue | $261,836 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,059 |
| Net Gain/Loss on Asset Sales | $250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $588,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,662 |
| 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 | $140,851 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,880 |
| Advertising and promotion | $5,527 |
| Office expenses | $5,464 |
| Information technology | $5,609 |
| Royalties | $0 |
| Occupancy | $2,250 |
| Travel | $6,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,390 |
| Insurance | $23,378 |
| All other expenses | $5,203 |
| Total functional expenses | $471,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,773 |
| Savings and temporary cash investments | $100,480 |
| 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 | $5,392 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $350,161 |
| 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 | $9,558 |
| Total liabilities | $9,558 |
| Net assets without donor restrictions | $340,603 |
| 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 | $350,161 |