Downtown Corvallis Association Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Corvallis, OR
- Founding
- 10/1985
- Data as of
- 06/2023
- EIN
- 93-0896252
Organization Overview
Downtown Corvallis Association Inc is located in Corvallis, OR. The organization was established in 1985. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Downtown Corvallis Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Corvallis Association Inc 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 06/2023, Downtown Corvallis Association Inc generated $14.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.5%) each year. All expenses for the organization totaled $20.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (25.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND PROMOTE THE ECONOMIC, AESTHETIC, AND CULTURAL VITALITY OF DOWNTOWN CORVALLIS AS A REGIONAL CENTER.
Describe the Organization's Program Activity:
Part 3
PROMOTIONS AND MARKETING CONDUCTED TO ENHANCE THE ECONOMIC, AESTHETIC AND CULTURAL IMAGES OF DOWNTOWN CORVALLIS. ACTIVITIES ALSO INCLUDE BROCHURES AND COORDINATION OF RIVER-FRONT AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Tanner-Miller President | 1 | $0 | |
Andrea Thornberry Deceased Treasurer | 1 | $0 | |
Michele Mincinski Secretary | 1 | $0 | |
Christine Hackenbruck Executive Director | 10 | $11,000 | |
Lou Reed Board Member | 1 | $0 | |
Drew Skaggs Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,291 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13 |
| Total Revenue | $14,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,000 |
| Professional fees and other payments to independent contractors | $4,907 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,834 |
| Total expenses | $20,741 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |