North Fourth Avenue Merchants Assn
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Tucson, AZ
- Founding
- 08/1984
- Data as of
- 06/2023
- EIN
- 86-0326478
Organization Overview
North Fourth Avenue Merchants Assn is located in Tucson, AZ. The organization was established in 1984. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, North Fourth Avenue Merchants Assn employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Fourth Avenue Merchants Assn is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, North Fourth Avenue Merchants Assn generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $777.1k during the year ending 06/2023. 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 PURPOSE OF THE NORTH FOURTH AVENUE MERCHANTS ASSOCIATION IS TO PROMOTE THE GROWTH AND DEVELOPMENT OF THE BUSINESSES AND COMMUNITIES IN THE FOURTH AVENUE BUSINESS DISTRICT THAT EXTENDS FROM UNIVERSITY TO 9TH STREET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTH FOURTH AVENUE MERCHANTS ASSOCIATION (FAMA) AND THE FOURTH AVENUE STREET FAIRS PROMOTES AND PRODUCES PROGRAMMING OF CIVIC, SOCIAL, CULTURAL AND ARTISTIC NATURE DESIGNED TO INCREASE THE FUNCTION AND AESTHETIC VALUES OF THE TUCSON COMMUNITY. FAMA HAS A LONG HISTORY OF GIVING BACK TO LOCAL NON-PROFIT ORGANIZATIONS THROUGH IN-KIND BOOTH SPACE AT THE FAIRS, AS WELL AS DISCOUNTED SPACE, ASSISTANCE IN PRODUCING THEIR FUNDRAISING EVENTS, AS WELL AS REIMBURSING THEM FOR LABOR HOURS PUT INTO EACH FAIR. IN THE PAST FAMA PROVIDED OVER $83,000 IN CONTRIBUTIONS TO OTHER NONPROFIT/SERVICE ORGANIZATIONS OR DIRECTLY TO THOSE IN NEED.EXPENSES INCURRED ARE TO DRAW THE PUBLIC AND VISITORS TO THE FOURTH AVENUE BUSINESS DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Hungate Treasurer | Officer | 3 | $0 |
Tim Cronin Vice President | Officer | 1 | $0 |
Doug Baker Secretary | Officer | 1 | $0 |
Daniel Matlick President & Executive Directo | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,981 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,619 |
| Total Program Service Revenue | $1,493,795 |
| Investment income | $5,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$38,945 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,499,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,262 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,149 |
| Payroll taxes | $8,859 |
| Fees for services: Management | $132,154 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,550 |
| Advertising and promotion | $5,629 |
| Office expenses | $12,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,536 |
| Travel | $4,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,256 |
| Insurance | $46,774 |
| All other expenses | $11,029 |
| Total functional expenses | $777,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,353 |
| Savings and temporary cash investments | $709,395 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,950 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $188,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19 |
| Other assets | $12,272 |
| Total assets | $1,085,242 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $197,330 |
| Total liabilities | $197,330 |
| 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 | $887,912 |
| Total liabilities and net assets/fund balances | $1,085,242 |