Downtown Ogden Inc
- Assets
- $78.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Ogden, UT
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 87-0507277
Organization Overview
Downtown Ogden Inc is located in Ogden, UT. The organization was established in 1994. 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 Ogden 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 Ogden Inc generated $17.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $44.6k 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
SUCCESSFULLY PROMOTED ECONOMIC DEVELOPMENT OF THE DOWNTOWN OGDEN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Altice President | 1 | $0 | |
Mike Gale Vice President | 1 | $0 | |
Nick Karras Secretary | 1 | $0 | |
Dan Musgrave Executive Dir. | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,791 |
| Membership dues | $0 |
| Investment income | $3,126 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,372 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $195 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,572 |
| Total expenses | $44,639 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,333 |
| Other assets | $0 |
| Total assets | $78,020 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,020 |