Downtown Business Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450335653 ✦ Bismarck, ND ✦ Designated as a 501(c)(6)

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Overview

What is Downtown Business Association?

The Downtown Business Association is a nonprofit organization situated in Bismarck, North Dakota. It primarily focuses on promoting local businesses within the city through various events and networking opportunities. These include the Art&Wine Walk, Beers & Boutiques, Cocktail Walk, and Street Fair. The association aims to support and contribute to the growth and development of downtown Bismarck, benefiting both its members and the broader community. With a team of three dedicated individuals, the Downtown Business Association works tirelessly to boost the local economy and enhance the overall appeal of downtown Bismarck.


Official website here: www.downtownbismarck.com

Is Downtown Business Association legitimate?

Downtown Business Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downtown Business Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,245

For more financial information, click here


Official website here: www.downtownbismarck.com

What is the mission statement of Downtown Business Association?

The Downtown Business Association's mission is centered around serving and supporting the growth and development of a specific urban area, benefiting both its members and the broader community. Their primary goal is to foster the advancement of this downtown sector, ensuring its members prosper and contributing positively to the overall well-being of the entire community. They accomplish this by promoting local businesses through various events and networking opportunities, such as art and wine walks, beer and boutique events, cocktail walks, and street fairs.


Official website here: www.downtownbismarck.com

Who is the CEO of Downtown Business Association?

Stephanie Smith is the President of Downtown Business Association. The CEO's salary of Downtown Business Association is $57,368 and their total compensation is $57,368.


Official website here: www.downtownbismarck.com

What is the revenue of Downtown Business Association?

Downtown Business Association's revenue in 2022 was $227,637.


Official website here: www.downtownbismarck.com

Who are the executives of Downtown Business Association and what are their salaries?

The average compensation at Downtown Business Association during 2022 was $10,082. There are 3 employees and 13 volunteers at Downtown Business Association.


Here are 13 key members and their salaries (Downtown Business Association's CEO's salary is $57,368 and their total compensation is $57,368):


Stephanie Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Cleary (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ehlis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samantha Schwab (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Daniel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Pomonis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzann Sweeney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Kopp (Ceo)
  • Compensation: $57,368
  • Related: $0
  • Other: $0
Kate Herzog (Coo)
  • Compensation: $50,923
  • Related: $0
  • Other: $0
Madison Cermak (Special Proj)
  • Compensation: $30,245
  • Related: $0
  • Other: $0
Weston Dressler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Gietzen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake Axtman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.downtownbismarck.com

Where can I find the form 990 for Downtown Business Association?

Downtown Business Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.downtownbismarck.com

Learn more at the official website: www.downtownbismarck.com

Mission Statement of Downtown Business Association

The Downtown Business Association, a prominent organization, is dedicated to serving and supporting the growth and development of downtown Bismarck. Its mission is to benefit both its members and the entire community. The association accomplishes this by promoting local businesses in Bismarck, North Dakota, through various events and networking opportunities. These events include art and wine walks, beers and boutiques, cocktail walks, and street fairs. By participating in these events, the Downtown Business Association aims to boost the visibility and popularity of downtown businesses, ultimately contributing to the overall growth and development of the area.

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Impact




October, 2024

The Downtown Business Association plays a vital role in promoting and supporting the growth of downtown Bismarck, directly benefiting both local businesses and the broader community. By organizing vibrant events like the Art & Wine Walk, Beers & Boutiques, Cocktail Walk, and Street Fair, it fosters a lively atmosphere that attracts visitors and residents alike. These events not only enhance the cultural landscape of Bismarck but also create networking opportunities that strengthen business relationships. Through its efforts, the association contributes to economic development, community pride, and a thriving downtown environment that appeals to a diverse audience.




This information is meant to be a general summary of Downtown Business Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$227,637 (2022)
Expenses
$231,832 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Program Service Revenue: $179,006
  • Gross Receipts: $227,637

Assets and Liabilities:

  • Total Assets: $24,127
  • Total Liabilities: $15,758
  • Net Assets: $8,369

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EVENT-STREET FAIR

Revenue

$77,707

MEMBERSHIP ANNUAL FEES

Revenue

$68,895

EVENT-ART&WINE WALK

Revenue

$21,841

EVENT-INDOOR GOLF TOURNAMENT

Revenue

$6,160

EVENT-CRAZY DAYS

Revenue

$4,403

Organization Details

Founding Year

1985

Principal Officer

Stephanie Smith

Main Address

PO BOX 521, BISMARCK, ND, 58502

NTEE Category

Code: S31 - Community improvement

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