Downtown Helena Inc
- Assets
- $66.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 13
- Location
- Helena, MT
- Founding
- 02/1966
- Data as of
- 12/2023
- EIN
- 81-0295828
Organization Overview
Downtown Helena Inc is located in Helena, MT. The organization was established in 1966. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Downtown Helena Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Helena 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 12/2023, Downtown Helena Inc generated $156.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $157.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN HELENA INC.'S MISSION IS TO PROMOTE AND PUBLICIZE DOWNTOWN HELENA IN OUR COMMUNITY; ENCOURAGE AND DEVELOP A SPIRIT OF COOPERATION AMONG MEMBERS; ESTABLISH AND DEVELOP COOPERATIVE ADVERTISING AND PROMOTIONAL CAMPAIGNS ACTIVITIES; FOSTER FAVORABLE PUBLIC RELATIONS FOR DOWNTOWN HELENA IN VARIOUS COMMUNITIES, ORGANIZATIONS AND AGENCIES IN THE AREA SERVED BY DOWNTOWN HELENA.
Describe the Organization's Program Activity:
Part 3
CONDUCTED EVENTS AND PROMOTIONS TO RAISE AWARENESS OF THE UNIQUE QUALITIES OF DOWNTOWN HELENA AND GENERATE CUSTOMERS FOR DOWNTWOWN BUSINESSES.
PROVIDED DOWNTOWN HELENA NUGGET PROGRAM TO GENERATE SALES AND SUPPORT FOR DOWNTOWN HELENA INC RETAIL, RESTAURANT MEMBERS, AND OTHER SELECT SERVICES.
MARKETED DOWNTOWN HELENA THROUGH ADVERTISING TO GENERATE APPRECIATION OF DOWNTOWN AND TO ASSIST DOWNTOWN BUSINESSES IN ATTRACTING CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hamblock President | 2 | $0 | |
Kelly Crevier Board Member | 0.1 | $0 | |
Chris Starr Treasurer | 1 | $0 | |
Matthew Hoffman Board Member | 1 | $0 | |
Megan Helton Board Member | 1.5 | $0 | |
Rusty Linden Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,076 |
| Total Program Service Revenue | $72,836 |
| Membership dues | $56,500 |
| Investment income | $2,248 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $575 |
| Total Revenue | $156,235 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,011 |
| Professional fees and other payments to independent contractors | $3,895 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $111,637 |
| Total expenses | $157,543 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,235 |
| Other assets | $0 |
| Total assets | $66,033 |
| Total liabilities | $63,254 |
| Net assets or fund balances | $2,779 |