Old Fairhaven Association
- Assets
- $81.2k
- Revenue
- $242.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Bellingham, WA
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 91-1257046
Organization Overview
Old Fairhaven Association is located in Bellingham, WA. The organization was established in 1984. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Old Fairhaven Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Fairhaven 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 12/2022, Old Fairhaven Association generated $242.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $240.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OLD FAIRHAVEN ASSOCIATION IS A MEMBERSHIP ORGANIZATION PROVIDING ECONOMIC DEVELOPMENT RESOURCES TO MEMBER BUSINESSES. IN ADDITION WE ACT AS A DESTINATION MARKETING ORGANIZATION (DMO); MARKETING THE FAIRHAVEN VILLAGE THROUGH EVENTS AND PROMOTION. VOICE & ADVOCACY: PROVIDE A CONSISTENT VOICE AND ADVOCACY FOR FAIRHAVEN AS A DISTRICT AND VILLAGE.ATTRACT VISITORS: PROMOTE AND SUPPORT THE BEAUTY, HISTORY, WELFARE, AND VIBRANCY OF THE VILLAGE THROUGH EVENTS AND ACTIVITIES THAT ATTRACT VISITORS.CONNECT MEMBERS: SUPPORT FAIRHAVEN ASSOCIATION MEMBERS (BOTH BUSINESSES AND COMMUNITY) AND CREATE CONNECTIONS THROUGH COMMUNICATION, EDUCATION, AND ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRHAVEN FESTIVAL - PROMOTIONAL TOURISM EVENT WHICH DRAWS THOUSAND OF VISITORS TO THE HISTORIC FAIRHAVEN VILLAGE TO PATRONIZE VILLAGE SHOPS, RESTAURANTS AND OTHER BUSINESSES.
WINTERFEST-CHRISTMAS TIME CELEBRATION AND PROMOTION OF THE FAIRHAVEN VILLAGE.
DIRTY DAN DAYS - MULTI-DAY EVENT CELEBRATING THE FOUNDER OF THE FAIRHAVEN VILLAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Ward Executive Dir | 30 | $30,938 | |
Heather Carter Executive | 40 | $22,500 | |
Tim Anderson Director | Trustee | 1 | $0 |
Teresa Dalton Director | Trustee | 1 | $0 |
Bridget Knutson Director | Trustee | 1 | $0 |
Donna Moorman-Wright Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,817 |
| Total Program Service Revenue | $169,924 |
| Investment income | $21 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $53,438 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,832 |
| Advertising and promotion | $8,965 |
| Office expenses | $11,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,560 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $444 |
| Insurance | $2,588 |
| All other expenses | $5,644 |
| Total functional expenses | $240,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,166 |
| Savings and temporary cash investments | $50,122 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $2,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,226 |
| Accounts payable and accrued expenses | $2,900 |
| 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 | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $27,900 |
| 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 | $53,326 |
| Total liabilities and net assets/fund balances | $81,226 |