Hollister Downtown Association
- Assets
- $251.1k
- Revenue
- $327.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Hollister, CA
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 77-0168743
Organization Overview
Hollister Downtown Association is located in Hollister, CA. The organization was established in 1996. 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 12/2021, Hollister Downtown Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollister 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 12/2021, Hollister Downtown Association generated $327.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $276.0k during the year ending 12/2021. 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
THE ORGANIZATION'S MISSION IS TO REVITALIZE HISTORIC DOWNTOWN HOLLISTER BY FACILITATING VARIOUS EVENTS THAT ATTRACT PEOPLE DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES WHICH PROVIDE COHESIVENESS AND COMMUNITY PARTICIPATION RELATED TO THE MISSION OF THE ORGANIZATION
ADMINISTER THE DOWNTOWN "LIGHTS ON" PARADE DURING CHRISTMAS TIME.
TO ADMINISTER THE ANNUAL "STREET FESTIVAL" PROMOTING ACTIVITIES FOR THE DOWNTOWN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey H Shaffer Executive Dir. | Trustee | 40 | $40,923 |
Omar Rosa President & CEO | OfficerTrustee | 40 | $11,250 |
Daniel Recht Director | OfficerTrustee | 1 | $0 |
Kumar Vijayendra Director | OfficerTrustee | 1 | $0 |
Michelle Vanderlaan Director | OfficerTrustee | 1 | $0 |
Gordon Machado Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,605 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,291 |
| Total Program Service Revenue | $115,373 |
| Investment income | $487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,531 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,682 |
| 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. | $52,173 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,666 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,664 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,995 |
| Travel | $825 |
| 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 | $2,932 |
| Insurance | $9,778 |
| All other expenses | $13,440 |
| Total functional expenses | $276,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,550 |
| 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 | $12,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $251,118 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $27,050 |
| 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 | $9,035 |
| Total liabilities | $36,085 |
| Net assets without donor restrictions | $215,033 |
| 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 | $251,118 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hollister Downtown Association has recieved totaling $20,924.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of San Benito County Hollister, CA PURPOSE: GENERAL | $20,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Casbo Sacramento, CA | $7,956,691 | $4,931,132 |
Accion Opportunity Fund Inc San Jose, CA | $6,172,057 | $6,244,507 |
Mauna Lani Resort Association Kohala Coast, HI | $3,965,841 | $3,519,354 |
Pacific Merchant Shipping Association Oakland, CA | $4,538,580 | $3,789,309 |
Arizona Society Of Certified Public Accountants Phoenix, AZ | $5,315,175 | $3,081,125 |
Oregon Society Of Certified Public Accountants Beaverton, OR | $4,261,945 | $3,002,027 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Orange, CA | $5,805,730 | $2,268,503 |
Professionals In Human Resources Association Torrance, CA | $2,197,340 | $2,318,409 |
Northern California Mechanical Contractors Association 07-94 Vacaville, CA | $7,880,996 | $4,424,782 |
Downtown Berkeley Association Berkeley, CA | $954,283 | $1,696,087 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Duarte, CA | $7,279,421 | $2,378,281 |
General Contractors Association Of Hawaii Honolulu, HI | $6,721,024 | $1,455,396 |