Marion Downtown Business Association Inc

Organization Overview

Marion Downtown Business Association Inc is located in Marion, NC. The organization was established in 1992. 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. Marion Downtown Business Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Marion Downtown Business Association Inc generated $223.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $217.6k during the year ending 06/2022. While expenses have increased by 6.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MARION BUSINESS ASSOCIATION SERVES TO STRENGTHEN THE ECONOMIC BASE OF THE COMMUNITY WHILE PRESERVING THE HISTORIC CHARACTER OF THE DOWNTOWN. TO AID IN DEVELOPMENT OF BUSINESS PLANS, IMPLEMENT BUSINESS PLANS, BUSINESS TO BUSINESS NETWORKING, BUSINESS MARKETING, AND WORKSHOPS/SEMINARS TO BUILD ENTREPRENEURIAL ECOSYSTEM. ORGANIZE DOWNTOWN PROMOTIONS, FESTIVALS AND EVENTS TO GIVE VITALITY TO DOWNTOWN BUSINESS DISTRICT. PROVIDE BUSINESS BASICS TO NEW ENTREPRENEURS. WORK WITH PROPERTY OWNERS TO IMPROVE BUILDINGS FOR OPTIMAL LEASE RATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FIRST ACCOMPLISHMENT - ADVERTISING AND MARKETING - PROMOTED 150 PLUS MARION BUSINESSES "OPEN FOR BUSINESS" WITH BILLBOARDS, SOCIAL MEDIA, PRINTED MATERIALS, WEBSITE DEVELOPMENT, ADVERTISEMENTS.


SECOND ACCOMPLISHMENT - PROMOTIONS AND EVENTS - SERVED 10,000 PLUS CUSTOMERS IN COMMUNITY OUTREACH TO PROMOTE AND SUPPORT LOCAL BUSINESSES WITH PROMOTIONS AND EVENTS.


THIRD ACCOMPLISHMENT PROMOTIONS AND EVENTS - TAILGATE MARKET SERVED 6,000 PLUS CUSTOMERS WITH FRESH, LOCAL GROWN PRODUCE.


THE MARION BUSINESS ASSOCIATION STAFF PROVIDED SERVICES AND OPPORTUNITIES FOR NETWORKING, TRAINING FOR HISTORIC BUILDING DESIGN AND MEET/GREET OPPORTUNITIES. COVERED ALL OPERATIONAL REQUIREMENTS AND PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$13,100
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$209,887
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$222,987
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 $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $222,987

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