Downtown Corvallis Association Inc
- Assets
- $155.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Corvallis, OR
- Founding
- 10/1985
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Downtown Corvallis Association Inc generated $90.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $123.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 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
2022
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 |
|---|---|---|---|
Jennifer Moreland Past Executive Director | 40 | $58,548 | |
Christine Hackenbruck Executive Director | 10 | $3,750 | |
Andrea Thornberry Treasurer | 1 | $0 | |
Kristi Tanner-Miller President | 1 | $0 | |
Lou Reed Board Member | 1 | $0 | |
Drew Skaggs Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,604 |
| Total Program Service Revenue | $17,970 |
| Membership dues | $1,177 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15 |
| Total Revenue | $90,766 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,083 |
| Professional fees and other payments to independent contractors | $6,381 |
| Occupancy, rent, utilities, and maintenance | $9,615 |
| Printing, publications, postage, and shipping | $2,864 |
| Other expenses | $38,977 |
| Total expenses | $123,920 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,497 |
| Other assets | $0 |
| Total assets | $155,513 |
| Total liabilities | $14,942 |
| Net assets or fund balances | $140,571 |
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