Mount Vernon Downtown Association is located in Mount Vernon, WA. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Mount Vernon Downtown Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Vernon 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, Mount Vernon Downtown Association generated $224.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $213.7k during the year ending 12/2021. While expenses have increased by 5.1% 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
THE MISSION OF THE MOUNT VERNON DOWNTOWN ASSOCIATION IS TO CULTIVATE A VIBRANT AND PROSPEROUS DOWNTOWN WHILE HONORING ITS HISTORIC CHARACTER, TO PRESERVE AND GROW THE PLACE WHERE COMMUNITY CONNECTION HAPPENS. OUR VISION IS OF A THRIVING HISTORIC DOWNTOWN MOUNT VERNON, WHERE ALL ARE WELCOME IN THE CLEAN, SAFE, AND APPEALING HEART OF COMMERCE AND CULTURE; A PLACE WHERE THE COMMUNITY COMES TOGETHER WITH PRIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, DOWNTOWN MOUNT VERNON BUSINESSES CONTINUED TO STRUGGLE FROM THE EFFECTS OF THE PANDEMIC ON CONSUMER BEHAVIOR, AS WELL AS THE IMPACTS ON STAFFING AND OPERATIONS. OUR MVDA OPERATIONS CONTINUED TO PROVIDE MUCH-NEEDED PANDEMIC RELIEF SERVICES AND SUPPORT TO OVER 200 BUSINESS AND PROPERTY OWNERS IN THE DISTRICT. WE CONTINUED TO OFFER TECHNICAL SUPPORT FOR BUSINESSES TO INITIATE OR EXPAND E-COMMERCE, CONTINUED TO KEEP OUR BUSINESSES INFORMED OF REGIONAL, STATE, AND FEDERAL RELIEF PROGRAMS, AND HELP IN COMPLETING GRANT AND LOAN APPLICATIONS. WE COORDINATED MULTIPLE SHOP LOCAL CAMPAIGNS, CREATED AND DISTRIBUTED A SPRING/SUMMER GLOSSY SHOPPING GUIDE, ALONG WITH A SECOND ANNUAL GLOSSY HOLIDAY SHOPPING GUIDE AND CATALOG (ALSO PROVIDED DIGITALLY), AND CONTINUED TO COORDINATE EVENTS TO GENERATE FOOT TRAFFIC TO SUPPORT OUR RETAILERS AND RESTAURANTS, SUCH AS THE HOLIDAYTREE STROLL DOWNTOWN AND A SPRING WINDOW CONTEST. WE MADE A SPECIAL EFFORT TO CONTINUE EVENTS WE COULD RE-ENGINEER AS TO BE SAFE IN LIGHT OF THE CONTINUED PANDEMIC. WE PARTNERED TO RELOCATE AND EXPAND THE VALLEY MADE MARKETS TO THE RIVERWALK PLAZA, ADDING A SAFE OUTDOOR ACTIVITY AND GENERATING INCREASED ECONOMIC ACTIVITY IN THE DISTRICT ON SUNDAYS, WHICH ARE HISTORICALLY SLOWER IN THE DISTRICT. WE ALSO CREATED A TRI-FOLD GLOSSY DOWNTOWN DINING GUIDE, WHICH WAS DISTRIBUTED LOCALLY AND REGIONALLY, THROUGH AN ARRANGEMENT WITH CERTIFIED FOLDER DISTRIBUTION SERVICES. ALTHOUGH WE STILL COULD NOT FIELD SOME OF OUR USUAL COMMUNITY-BUILDING EVENTS, SUCH AS THE TULIP FESTIVAL STREET FAIR OR SUMMER SIPS, WE DID CONTINUE OPERATIONS AT OUR MICRO-ENTERPRISE FACILITATOR, THE POP-UP MV. THE POP-UP MV IS A SMALL BUSINESS AND RETAIL INCUBATOR PROGRAM INTENDED TO FOSTER NEW BUSINESSES AND HELP THEM GET TO THE POINT OF SECURING LONGER TERM LEASES IN OUR COMMUNITY. ADDITIONALLY, TOWARD THE END OF THE YEAR, WE ENTERED INTO A LEASE AND BEGAN START-UP ACTIVITIES TOWARD AN ADDITIONAL MICRO-ENTERPRISE INCUBATOR, THE LIDO COLLECTIVE, WHICH IS A PHYSICAL SPACE AND PROGRAM AIMED AT ASSISTING LOCAL CREATIVE ENTREPRENEURS (ARTISTS AND MAKERS) BY PROVIDING THEM WITH A YEAR-ROUND, MORE PANDEMIC RESILIENT OPPORTUNITY TO SELL THEIR WARES. THE LIDO COLLECTIVE WILL FURTHER SUPPORT OUR MISSION OF CULTIVATING A VIBRANT AND PROSPEROUS DOWNTOWN BY RECHARACTERIZING A PRIME STREET-LEVEL SPACE AT A HIGH TRAFFIC INTERSECTION FROM A MOSTLY SHUTTERED PROFESSIONAL OFFICE SPACE TO AN OPEN, ATTRACTIVE, AND ENGAGING RETAIL EXPERIENCE. IT WILL ALSO SUPPORT OTHER BUSINESSES IN THE DISTRICT BY ADDING INTEREST AND FOOT TRAFFIC. IN 2022, AS THIS SPACE OPENED AND IS OPERATING, THIS PROGRAM IS ILLUSTRATING ITS INTENDED EFFECT. AS IN 2020, ALL MARKETING, PROGRAMMATIC, TECHNICAL, AND PROMOTIONAL SUPPORT TO OUR MEMBERS WAS PROVIDED GRATIS, UTILIZING OUR OWN COVID-RELIEF FUNDS, RESERVES, AND OTHER FUNDING SOURCES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ellen Gamson Executive Dir. | Officer | 45 | $58,967 |
Trina Carlson Secretary | OfficerTrustee | 1 | $0 |
Rachel Johnson Treasurer | OfficerTrustee | 2 | $0 |
Tamsin Bell Vice President | OfficerTrustee | 1 | $0 |
Sarah Parker President | OfficerTrustee | 1 | $0 |
Jeff Mcinnis Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $161,200 |
All other contributions, gifts, grants, and similar amounts not included above | $20,127 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $181,327 |
Total Program Service Revenue | $1,873 |
Investment income | $216 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,400 |
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 | $224,478 |
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. | $58,967 |
Compensation of current officers, directors, key employees. | $11,793 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $51,920 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $12,143 |
Fees for services: Management | $925 |
Fees for services: Legal | $145 |
Fees for services: Accounting | $1,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,975 |
Office expenses | $13,295 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $25,918 |
Travel | $1,173 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,521 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,827 |
Insurance | $4,966 |
All other expenses | $2,044 |
Total functional expenses | $213,654 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $277,704 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,887 |
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 | $4,602 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $298,193 |
Accounts payable and accrued expenses | $1,256 |
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 | $98,350 |
Other liabilities | $14,512 |
Total liabilities | $114,118 |
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 | $184,075 |
Total liabilities and net assets/fund balances | $298,193 |
Over the last fiscal year, we have identified 1 grants that Mount Vernon Downtown Association has recieved totaling $39.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Organization Name | Assets | Revenue |
---|---|---|
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Coastal Villages Region Fund Anchorage, AK | $305,962,388 | $71,340,049 |
Rural Alaska Community Action Program Inc Anchorage, AK | $41,385,043 | $27,905,721 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
Metropolitan Development Council Tacoma, WA | $25,355,306 | $24,051,543 |
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |