Downtown Chico Business Association
- Assets
- $35.0k
- Revenue
- $212.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chico, CA
- Founding
- 02/1976
- Data as of
- 12/2021
- EIN
- 94-2310798
Organization Overview
Downtown Chico Business Association is located in Chico, CA. The organization was established in 1976. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Chico Business Association 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 Chico Business Association generated $212.3k 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 $287.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) 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
PROMOTE INTEREST AND TRADE AND BEAUTIFY THE DOWNTOWN BUSINESS ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE INTEREST AND TRADE AND BEAUTIFY THE DOWNTOWN BUSINESS ENVIRONMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Bassett Executive Dir. | Trustee | 40 | $61,000 |
Christine Daniels Secretary | OfficerTrustee | 5 | $0 |
David Halimi Vice President | OfficerTrustee | 5 | $0 |
Tom Digiovanni President | OfficerTrustee | 5 | $0 |
Rick Tofanelli Zone B Rep | OfficerTrustee | 5 | $0 |
Nicole Johnston Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,800 |
| Total Program Service Revenue | $150,530 |
| Investment income | $0 |
| 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 | $212,330 |
| 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. | $61,000 |
| Compensation of current officers, directors, key employees. | $61,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,226 |
| Payroll taxes | $15,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,681 |
| Office expenses | $17,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,960 |
| Travel | $99 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,442 |
| Insurance | $4,582 |
| All other expenses | $11,709 |
| Total functional expenses | $287,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,518 |
| Savings and temporary cash investments | $0 |
| 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 | $4,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,329 |
| Total assets | $34,958 |
| Accounts payable and accrued expenses | $8,032 |
| 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 | $180,608 |
| Total liabilities | $188,640 |
| Net assets without donor restrictions | -$153,682 |
| 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 | $34,958 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Chico Business Association has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Explore Butte County Chico, CA PURPOSE: MARKETING TO ATTRACT MORE PUBLICITY AND TOURISM | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cplc Texas Inc Phoenix, AZ | $13,673,290 | $82,582,605 |
Community Investment Corporation Tucson, AZ | $12,041,358 | $40,472,550 |
Accion Opportunity Fund Community Development San Jose, CA | $200,481,759 | $53,600,614 |
Mission Asset Fund San Francisco, CA | $54,523,090 | $57,826,731 |
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |