Downtown Association Of Fairbanks Inc
- Assets
- $10.7k
- Revenue
- $113.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Fairbanks, AK
- Founding
- 06/1980
- Data as of
- 12/2021
- EIN
- 92-0067243
Organization Overview
Downtown Association Of Fairbanks Inc is located in Fairbanks, AK. The organization was established in 1980. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Association Of Fairbanks Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Downtown Association Of Fairbanks Inc generated $113.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $130.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE AND FOSTER ECONOMIC GROWTH THAT WILL RESULT IN A DOWNTOWN THAT IS A VITAL, ENERGETIC AND ATTRACTIVE CENTER FOR THE FAIRBANKS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Van Den Berg Executive Director | Officer | 20 | $48,961 |
Buki Wright Vice President | OfficerTrustee | 2 | $0 |
Chris Miller President | OfficerTrustee | 2 | $0 |
Steve Johnson Treasurer | OfficerTrustee | 2 | $0 |
Christine Luper Secretary | OfficerTrustee | 2 | $0 |
Dave Hayden Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,292 |
| Total Program Service Revenue | $21,951 |
| Investment income | $6 |
| 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 | $37,695 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,396 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,898 |
| Advertising and promotion | $586 |
| Office expenses | $9,473 |
| Information technology | $4,896 |
| Royalties | $0 |
| Occupancy | $8,462 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,376 |
| Interest | $246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,685 |
| All other expenses | $0 |
| Total functional expenses | $130,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,925 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $375 |
| 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 | $10,665 |
| 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 | $7,936 |
| Total liabilities | $7,936 |
| Net assets without donor restrictions | $2,729 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,665 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Association Of Fairbanks Inc has recieved totaling $23,958.
| Awarding Organization | Amount |
|---|---|
Downtown Association Of Fairbanks Community Services Inc Fairbanks, AK | | $23,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Washington Fair Association Puyallup, WA | $76,145,204 | $42,507,935 |
Apa-The Engineered Wood Association Tacoma, WA | $20,196,458 | $14,789,025 |
Northwest Washington Fair Association Lynden, WA | $12,865,424 | $5,217,774 |
Central Washington Fair Association Yakima, WA | $5,361,375 | $6,100,925 |
Seafair Seattle, WA | $1,153,847 | $3,813,389 |
Alaska State Fair Incorporated Palmer, AK | $8,149,626 | $2,404,667 |
Benton-Franklin- Fair Association Pasco, WA | $1,054,097 | $3,211,826 |
Greater Anchorage Inc Anchorage, AK | $230,179 | $480,607 |
Benevolent & Protective Order Of Elks Of The Usa Fairbanks, AK | $1,063,303 | $387,285 |
Enumclaw Expo And Events Association Enumclaw, WA | $803,145 | $800,398 |
Skamania Co Fair Board Inc Stevenson, WA | $161,586 | $474,658 |
Southeast Alaska State Fair Inc Haines, AK | $1,450,595 | $327,648 |