Downtown Berkeley Association
- Assets
- $941.5k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Berkeley, CA
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 94-3107356
Organization Overview
Downtown Berkeley Association is located in Berkeley, CA. The organization was established in 1990. 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 12/2023, Downtown Berkeley Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Berkeley 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 12/2023, Downtown Berkeley Association generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE DOWNTOWN BERKELEY ASSOCIATION WORKS TO STRENGTHEN THE DOWNTOWN AS A VIBRANT AND WELCOMING URBAN DESTINATION FOR ARTS, CULTURE, AND COMMERCE THROUGH EFFECTIVE ADVOCACY, PRMOTION AND DIRECT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCH O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Caner CEO | 45 | $172,485 | |
Lowell M Jervis Vitality Director | 40 | $104,200 | |
Tai Yu Vice President | OfficerTrustee | 1 | $0 |
Calleene Eagan Director | Trustee | 1 | $0 |
Sean Brooks Director | Trustee | 1 | $0 |
Albert Chan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,987,138 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,115,038 |
| Total Program Service Revenue | $39,842 |
| Investment income | $8,966 |
| 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 | $2,163,846 |
| 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. | $172,485 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,053 |
| Pension plan accruals and contributions | $6,214 |
| Other employee benefits | $11,496 |
| Payroll taxes | $21,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,879 |
| Information technology | $11,471 |
| Royalties | $0 |
| Occupancy | $45,191 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,868 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,909 |
| All other expenses | $12,243 |
| Total functional expenses | $2,085,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,711 |
| Savings and temporary cash investments | $703,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,154 |
| 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 | $16,830 |
| Net Land, buildings, and equipment | $8,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $941,501 |
| Accounts payable and accrued expenses | $111,916 |
| 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 | $157,805 |
| Total liabilities | $269,721 |
| Net assets without donor restrictions | $671,780 |
| 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 | $941,501 |