Olympia Downtown Association
- Assets
- $320.8k
- Revenue
- $698.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Olympia, WA
- Founding
- 08/2007
- Data as of
- 12/2022
- 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. As of 12/2022, Olympia Downtown Association employed 11 individuals. 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 12/2022, Olympia Downtown Association generated $698.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $672.1k during the year ending 12/2022. While expenses have increased by 18.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AS A CATALYST FOR DOWNTOWN PROSPERITY AND POSITIVE PERCEPTION WHILE ADVOCATING FOR BUSINESS AND PROPERTY OWNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
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
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 BEING THE EYES AND EARS FOR THE DOWNTOWN.2. SUMMERFEST-THE LOVE OLY SUMMER FEST WAS A FREE STREET FESTIVAL CONDUCTED ON A 3-DAY WEEKEND IN THE SUMMER OF 2022. THE FESTIVAL INCLUDED MUSIC, KIDS ACTIVITIES, STREET PERFORMERS, AND PUBLIC 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 Cutts Executive Director | Officer | 40 | $105,000 |
Shina Wysocki Seat | Trustee | 1 | $0 |
Amy Evans Seat | Trustee | 1 | $0 |
Josh Gobel Seat | Trustee | 1 | $0 |
Jeanette Laffoon Seat | Trustee | 1 | $0 |
Janis Dean Seat | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88,233 |
| Fundraising events | $29,964 |
| Related organizations | $238,086 |
| Government grants | $9,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $698,600 |
| Total Program Service Revenue | $0 |
| Investment income | $147 |
| 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 | $698,747 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,932 |
| Payroll taxes | $28,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,882 |
| Office expenses | $1,963 |
| Information technology | $6,047 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,264 |
| 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 | $0 |
| Insurance | $8,969 |
| All other expenses | $34,888 |
| Total functional expenses | $672,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,304 |
| 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 | $880 |
| Total assets | $320,806 |
| 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 | -$5,977 |
| Total liabilities | $0 |
| 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 | $320,806 |
| Total liabilities and net assets/fund balances | $320,806 |