Downtown Eugene Inc
- Assets
- $185.0k
- Revenue
- $241.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Eugene, OR
- Founding
- 02/2012
- Data as of
- 06/2024
- EIN
- 93-0981209
Organization Overview
Downtown Eugene Inc is located in Eugene, OR. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Downtown Eugene Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Eugene 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 06/2024, Downtown Eugene Inc generated $241.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $287.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DOWNTOWN EUGENE, INC. IS TO LEAD THE LONG-TERM EFFORT TO ENSURE A PROSPEROUS AND BEAUTIFUL DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING COMMUNITY POLICING PUBLIC SAFETY PROGRAMS, INCLUDING THE DOWNTOWN GUIDES SECURITY PATROL, CLEAN TEAM AND OTHER EFFORTS TO PROMOTE A SAFE AND INVITING DOWNTOWN.
PARKING VALIDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Wilgus Executive Dir. | Officer | 30 | $60,000 |
Sarah Bennett Past President | OfficerTrustee | 0.5 | $0 |
Rob Bennett President | Trustee | 0.5 | $0 |
Gerry Gaydos Board Member | Trustee | 0.5 | $0 |
Janet Brown Board Member | Trustee | 0.5 | $0 |
Andy Storment Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,700 |
| Total Program Service Revenue | $15,200 |
| Investment income | $516 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,416 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,364 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,153 |
| Payroll taxes | $20,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,025 |
| Fees for services: Accounting | $6,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,571 |
| Office expenses | $1,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| 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 | $4,140 |
| Insurance | $11,188 |
| All other expenses | $6,108 |
| Total functional expenses | $287,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $127,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,973 |
| 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 | $364 |
| Total liabilities | $364 |
| Net assets without donor restrictions | $180,894 |
| Net assets with donor restrictions | $3,715 |
| 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 | $184,973 |