Mcminnville Downtown Association
- Assets
- $197.6k
- Revenue
- $242.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Mcminnville, OR
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 93-0930394
Organization Overview
Mcminnville Downtown Association is located in Mcminnville, OR. The organization was established in 1988. 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 12/2022, Mcminnville Downtown Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcminnville Downtown Association 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 12/2022, Mcminnville Downtown Association generated $242.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $226.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MCMINNVILLE DOWNTOWN ASSOCIATION (MDA) WORKS TO PROMOTE AND ENHANCE THE CITY OF MCMINNVILLE'S HISTORIC DOWNTOWN AS THE ECONOMIC, SOCIAL, AND CULTURAL HEART OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONTRACTS WITH THE CITY OF MCMINNVILLE TO MANAGE THE CITY'S DOWNTOWN ECONOMIC IMPROVEMENT DISTRICT. THAT WORK IS FINANCED BY A CITY ASSESSMENT ON DOWNTOWN PROPERTIES, AND A CONTRIBUTION FROM THE CITY'S GENERAL FUND IN LIEU OF ASSESSMENTS THAT MIGHT BE APPLIED TO CITY-OWNED PROPERTY.
THE ASSOCIATION WORKS WITH PROPERTY AND BUSINESS OWNERS ON A WIDE VARIETY OF PROJECTS SEEKING TO ASSIST WITH DEVELOPMENT PROJECTS AND IMPROVE THE GENERAL ECONOMIC CLIMATE. IT PROVIDES A UNIFIED AND INFLUENTIAL VOICE ON DOWNTOWN POLICIES, LEGISLATIVE DECISIONS, PARKING, STREETSCAPE ISSUES, SAFETY AND BEAUTIFICATION.
THE ASSOCIATION PRODUCES AND PROMOTES EVENTS THAT ARE DESIGNED TO INCREASE CUSTOMER TRAFFIC AND ESTABLISH THE DOWNTOWN AS THE PLACE FOR THE COMMUNITY AND VISITORS TO MEET, SHOP, DINE AND ENJOY THE HISTORIC AMBIANCE. SINCE MEMBERSHIP DUES ARE DEDICATED SOLELY TO PROMOTIONS, A STRONG MEMBERSHIP BASE PRODUCES IMPROVED PROMOTIONAL EFFORTS THAT ENHANCE THE ENTIRE DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Schultz Treasurer | OfficerTrustee | 1 | $0 |
Brooke Anderson Director | Trustee | 2 | $0 |
Gerry Hunter Director | Trustee | 1 | $0 |
Tonna Miller Director | Trustee | 1 | $0 |
Heather Miller President | OfficerTrustee | 3 | $0 |
Chelsey Nichol Director/sec | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,372 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,847 |
| Total Program Service Revenue | $194,751 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,940 |
| 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 | $242,539 |
| 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 | $100,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,038 |
| Payroll taxes | $9,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $2,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,451 |
| Advertising and promotion | $6,732 |
| Office expenses | $1,351 |
| Information technology | $523 |
| Royalties | $0 |
| Occupancy | $5,955 |
| Travel | $881 |
| 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 | $1,577 |
| Insurance | $5,882 |
| All other expenses | $34,668 |
| Total functional expenses | $226,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,338 |
| Savings and temporary cash investments | $3,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,325 |
| 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 | $90,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,622 |
| Accounts payable and accrued expenses | $1,328 |
| 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 | $1 |
| Total liabilities | $1,329 |
| Net assets without donor restrictions | $196,293 |
| 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 | $197,622 |