Downtown Lynden Business Association
- Assets
- $33.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynden, WA
- Founding
- 10/2019
- Data as of
- 12/2023
- 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 12/2023, Downtown Lynden Business Association generated $90.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $87.4k during the year ending 12/2023. 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 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 |
|---|---|---|---|
Tammy Yoder Secretary | 2 | $0 | |
Mary Compton Treasurer | 2 | $0 | |
Vin Quenneville Director | 2 | $0 | |
Linda Van Diest Director | 2 | $0 | |
Deb Mcclure Director | 2 | $0 | |
Jerry Blankers Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,257 |
| Membership dues | $86,715 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,972 |
| 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 | $54,471 |
| Occupancy, rent, utilities, and maintenance | $3,717 |
| Printing, publications, postage, and shipping | $5,222 |
| Other expenses | $24,032 |
| Total expenses | $87,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,272 |
| Other assets | $0 |
| Total assets | $33,272 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,272 |