Missoula Downtown Association
- Assets
- $1.2m
- Revenue
- $462.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 10/1982
- Data as of
- 12/2023
- EIN
- 81-0403474
Organization Overview
Missoula Downtown Association is located in Missoula, MT. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Missoula 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 12/2023, Missoula Downtown Association generated $462.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $438.4k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF DOWNTOWN MISSOULA, MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MDA'S PURPOSE IS TO PRESERVE DOWNTOWN HISTORICAL CULTURAL HERITAGE, PROMOTE ACTIVITIES & INCREASE AWARENESS OF THE AREA BY CREATING A BETTER PLACE TO WORK, SHOP, PLAY, & CONDUCT BUSINESS.RIVER CITY ROOTS FESTIVAL IS MISSOULA'S SIGNATURE CELEBRATION EACH SUMMER HOSTED BY THE MISSOULA DOWNTOWN ASSOCIATION IN THE HEART OF DOWNTOWN MISSOULA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Burns President | OfficerTrustee | 1 | $0 |
Ellen Buchanan Vice President | OfficerTrustee | 1 | $0 |
Katie Ghen Simpson Vice President | OfficerTrustee | 1 | $0 |
Mimi Hall Gustafson Vice President | OfficerTrustee | 1 | $0 |
Jed Liston Vice President | OfficerTrustee | 1 | $0 |
Connor Newman Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $188,211 |
| Fundraising events | $171,585 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,210 |
| Total Program Service Revenue | $73,832 |
| Investment income | $3,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$14,039 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $36,867 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,352 |
| Pension plan accruals and contributions | $3,806 |
| Other employee benefits | $12,450 |
| Payroll taxes | $12,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,545 |
| Advertising and promotion | $10,220 |
| Office expenses | $22,236 |
| Information technology | $722 |
| Royalties | $0 |
| Occupancy | $13,365 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,340 |
| Interest | $13,475 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,436 |
| Insurance | $6,474 |
| All other expenses | $13,490 |
| Total functional expenses | $438,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,388 |
| Savings and temporary cash investments | $194,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,647 |
| 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 | $1,188 |
| Net Land, buildings, and equipment | $657,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,212,357 |
| Accounts payable and accrued expenses | $13,764 |
| Grants payable | $0 |
| Deferred revenue | $7,950 |
| 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 | $313,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,577 |
| Total liabilities | $362,268 |
| Net assets without donor restrictions | $0 |
| 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 | $850,089 |
| Total liabilities and net assets/fund balances | $1,212,357 |