Olympia Downtown Association
- Assets
- $98.0k
- Revenue
- $519.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Olympia, WA
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 91-1460653
Organization Overview
Olympia Downtown Association is located in Olympia, WA. The organization was established in 2007. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympia Downtown Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Olympia Downtown Association generated $519.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $675.1k during the year ending 12/2021. While expenses have increased by 16.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AS A CATALYST FOR DOWNTOWN PROSPERITY AND POSITIVE PERCEPTION WHILE ADVOCATING FOR BUSINESS AND PROPRTY OWNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS EVENTS TO PROMOTE DOWNTOWN OLYMPIA & PROVIDE COMMUNITY SERVICE
VARIOUS EVENTS TO PROMOTE DOWNTOWN OLYMPIA & PROVIDE COMMUNITY SERVICE1. DOWNTOWN GUIDE SERVICE-THE DOWNTOWN GUIDE SERVICE PROVIDES A CLEAN, SAFE, HEALTHY DOWNTOWN BY GREETING DOWNTOWN PATRONS, WORKING WITH HOUSELESS INDIVIDUALS, AND VEING THE EYES AND EARS FOR THE DOWNTOWN.2. SUMMERFEST-THE LOVE OLY SUMMER FEST WAS A FREE STREET FESTIVAL CONDUSTED ON 8 SATURDAYS IN THE SUMMER OF 2021. THE FESTIVAL INCLUDED MUSIC, KIDS ACTIVITIES, STREET PERFORMERS, AND PUBLICC ART DISPLAYS.3. DOWNTOWN FOR THE HOLIDAYS-THIS EVENT INCLUDED A WINTER FEST STREET FESTIVAL, A SHOP AND DINE PROMOTION, AND HOLIDAY DECOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Monohon President | Officer | 1 | $0 |
Todd Cutts Executive Director | Officer | 40 | $105,308 |
Erica Cooper Secretary | Officer | 1 | $0 |
Bobbi Kerr Treasurer | Officer | 1 | $0 |
Chad Carpenter Vice President | Officer | 1 | $0 |
Amy Evans Seat | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,240 |
| Fundraising events | $51,465 |
| Related organizations | $99,169 |
| Government grants | $6,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,089 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $355 |
| 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 | $519,444 |
| 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. | $175,887 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,887 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,308 |
| Payroll taxes | $17,121 |
| Fees for services: Management | $58,514 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,091 |
| Advertising and promotion | $89,024 |
| Office expenses | $3,658 |
| Information technology | $3,773 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,980 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,927 |
| All other expenses | $9,570 |
| Total functional expenses | $675,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,965 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,965 |
| 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 | $253,595 |
| Total liabilities | $253,595 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$55,630 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$155,630 |
| Total liabilities and net assets/fund balances | $97,965 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olympia Downtown Association has recieved totaling $37.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Historical Society Portland, OR | $38,558,644 | $10,926,580 |
Vancouver National Historic Reserve Trust Vancouver, WA | $17,541,647 | $5,593,257 |
Town Hall Association Seattle, WA | $37,283,818 | $2,376,383 |
Bainbridge Island Parks Foundation Bainbridge Island, WA | $1,105,901 | $2,122,063 |
Americas Automotive Trust Tacoma, WA | $1,289,541 | $2,292,379 |
St Paul Rodeo Association St Paul, OR | $6,514,474 | $3,236,482 |
Port Gamble Sklallam Foundation Kingston, WA | $1,102,346 | $1,377,706 |
Oregon Coast Scenic Railroad Tillamook, OR | $1,129,218 | $971,689 |
Washington Trust For Historic Preservation Seattle, WA | $3,069,845 | $1,738,870 |
Benton County Historical Society Philomath, OR | $16,341,188 | $890,855 |
Russian Orthodox Sacred Sites In Alaska Inc Anchorage, AK | $187,862 | $549,522 |
Behind The Badge Foundation Redmond, WA | $3,969,030 | $799,821 |