Petaluma Downtown Association
- Assets
- $496.5k
- Revenue
- $456.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Petaluma, CA
- Founding
- 08/1995
- Data as of
- 06/2021
- EIN
- 68-0342193
Organization Overview
Petaluma Downtown Association is located in Petaluma, CA. The organization was established in 1995. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Petaluma Downtown Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petaluma Downtown 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 06/2021, Petaluma Downtown Association generated $456.4k 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 (4.6%) each year. All expenses for the organization totaled $535.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO THE BETTERMENT OF THE PETALUMA HISTORIC CENTRAL AREA AND TO PROMOTE AND ENHANCE ITS POSITION AS THE CITY'S RETAIL AND COMMERCIAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT EVENTS AND MARKETING ACTIVITIES INTENDED TO ATTRACT TOURISTS,VISITORS AND COMMERCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Mccusker Executive Director | 40 | $96,120 | |
Karla Schikore President | OfficerTrustee | 1 | $0 |
Elizabeth Clary Secretary | OfficerTrustee | 1 | $0 |
Michelle Mc Cauley Vice President | OfficerTrustee | 1 | $0 |
Jim Balshaw Treasurer | OfficerTrustee | 1 | $0 |
Jeff Mayne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,500 |
| Total Program Service Revenue | $395,884 |
| Investment income | $31 |
| 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 | $456,415 |
| 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. | $96,120 |
| Compensation of current officers, directors, key employees. | $19,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,585 |
| Payroll taxes | $11,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,974 |
| Advertising and promotion | $157,297 |
| Office expenses | $25,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,632 |
| Travel | $2,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95 |
| Insurance | $5,679 |
| All other expenses | $0 |
| Total functional expenses | $535,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,798 |
| Savings and temporary cash investments | $228,586 |
| 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 | $482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $660 |
| Total assets | $496,526 |
| Accounts payable and accrued expenses | $63 |
| 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 | $273,871 |
| Other liabilities | $0 |
| Total liabilities | $273,934 |
| Net assets without donor restrictions | $222,592 |
| 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 | $496,526 |
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