Downtown Lynden Business Association
- Assets
- $16.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynden, WA
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-0695601
Organization Overview
Downtown Lynden Business Association is located in Lynden, WA. The organization was established in 2019. 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 Lynden Business 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, Downtown Lynden Business Association generated $69.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $78.6k during the year ending 12/2021. 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
TO PROMOTE BUSINESSES THROUGH SPECIFIC EVENTS AND PROJECTS IN THE AREA. TO ENCOURAGE MUTUAL COLLABORATION OF MEMBER BUSINESSES THROUGH A PROCESS OF VISUAL IMPROVEMENT OF THE DOWNTOWN AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Robinson Vice President | 2 | $0 | |
Ken Stap President | 2 | $0 | |
Tammy Yoder Secretary | 2 | $0 | |
Mary Compton Treasurer | 2 | $0 | |
Vin Quenneville Director | 2 | $0 | |
Jerry Blankers Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20 |
| Total Program Service Revenue | $1,262 |
| Membership dues | $67,884 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,166 |
| 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 | $43,984 |
| Occupancy, rent, utilities, and maintenance | $10,215 |
| Printing, publications, postage, and shipping | $244 |
| Other expenses | $24,141 |
| Total expenses | $78,584 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,737 |
| Other assets | $0 |
| Total assets | $16,737 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |
Western Energy Institute Portland, OR | $4,801,520 | $4,393,865 |
Merchant Risk Council Inc Seattle, WA | $6,892,922 | $3,889,563 |