Downtown Business Association Inc
- Assets
- $209.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 58-2366596
Organization Overview
Downtown Business Association Inc is located in Savannah, GA. The organization was established in 1999. 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 Business Association Inc 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 12/2021, Downtown Business Association Inc generated $83.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $101.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
MONTHLY AND ANNUAL BUSINESS EVENTS THAT SUPPORT DOWNTOWN BUSINESSES BY ENCOURAGING MARKETING, NETWORKING, AND BUSINESS-TO-BUSINESS TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Sewell Chairman | 5 | $0 | |
Mickey Minick Vice Chairman | 5 | $0 | |
Marcella Cotter Secretary | 5 | $0 | |
Toby Browne Treasurer | 5 | $0 | |
Bryan Cornelius Board Memebr | 1 | $0 | |
Clinton Edminister Board Memebr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,282 |
| Membership dues | $57,165 |
| Investment income | $518 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,965 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $65,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $700 |
| Other expenses | $35,488 |
| Total expenses | $101,188 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $203,725 |
| Other assets | $0 |
| Total assets | $209,141 |
| Total liabilities | $18,789 |
| Net assets or fund balances | $190,352 |
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|---|---|---|
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