Overview
What is Downtown Business Association Of Louisville Inc?
The Downtown Business Association of Louisville Inc, located in Louisville, Colorado, is a nonprofit organization focused on preserving and enriching the historic ambiance of Downtown Louisville. They achieve this by advocating for and boosting the retail, dining, and service sectors within the area. The association also promotes good moral values and community spirit. One of their notable initiatives involves collaborating with the city to transform Main Street into an extended dining area, hosting a Street Faire during summer evenings on Fridays to offer enjoyable experiences for locals and tourists, and supporting local businesses financially. The revenue generated from the Street Faire is utilized to fund holiday decorations, summer flowers, carriage rides, the Art District, and various local charities.
Is Downtown Business Association Of Louisville Inc legitimate?
Downtown Business Association Of Louisville Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Downtown Business Association Of Louisville Inc 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:
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What is the mission statement of Downtown Business Association Of Louisville Inc?
The Downtown Business Association of Louisville Inc's mission is centered around preserving and enhancing the vibrancy of a historic downtown area. This is achieved by providing support to the local retail, restaurant, and service sectors. Furthermore, the organization promotes good citizenship values. To achieve these objectives, they have collaborated with the city to close main streets for additional restaurant seating, organized street fairs during summer evenings to offer fun opportunities and support local businesses, and utilized revenue from these events to fund holiday lights, summer flowers, carriage rides, and charity contributions within the community.
Who is the CEO of Downtown Business Association Of Louisville Inc?
Norman F Kron is the President of Downtown Business Association Of Louisville Inc.
What is the revenue of Downtown Business Association Of Louisville Inc?
Downtown Business Association Of Louisville Inc's revenue in 2022 was $421,940.
Who are the executives of Downtown Business Association Of Louisville Inc and what are their salaries?
There 40 volunteers at Downtown Business Association Of Louisville Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Downtown Business Association Of Louisville Inc?
Downtown Business Association Of Louisville Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Business Association Of Louisville Inc
The Downtown Business Association of Louisville Inc is committed to preserving and enhancing the vibrancy of the historic Downtown area. They achieve this mission by supporting the local retail, restaurant, and service sectors. Furthermore, this organization promotes good citizenship values within the community. To execute this mission, they have taken various initiatives. For instance, they collaborated with the city to close a main street, transforming it into additional seating for local restaurants. During the summer months, they organized a Street Faire on Friday evenings, providing enjoyable activities for residents and visitors while supporting local businesses. The revenue generated from the Street Faire is utilized to fund various projects, such as holiday lights, summer flowers, carriage rides, the Art District, and contributions to local charities.
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Impact
October, 2024
The Downtown Business Association of Louisville Inc plays a vital role in enhancing the vibrancy of historic Downtown Louisville. By actively supporting the retail, restaurant, and service sectors, it fosters a dynamic atmosphere that attracts residents and visitors alike. One notable initiative includes partnering with the city to close Main Street to traffic, transforming it into a vibrant space for additional restaurant seating and community activities.
The organization also hosts a popular street fair during Friday evenings in the summer, creating enjoyable opportunities for social interaction and entertainment while promoting local businesses. The revenue generated from these events is reinvested into the community, funding initiatives such as downtown holiday lights, summer flowers, carriage rides, and support for local charities. Through these efforts, the Downtown Business Association not only contributes to a lively downtown environment but also reinforces good citizenship values, ensuring that the spirit of community thrives.
This information is meant to be a general summary of Downtown Business Association Of Louisville Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28
- Program Service Revenue: $344,112
- Gross Receipts: $421,940
Assets and Liabilities:
- Total Assets: $72,907
- Total Liabilities: $0
- Net Assets: $72,907
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Organization Details
Founding Year
2002
Phone
(917) 689-4862Principal Officer
Norman F Kron
Main Address
PO Box 311, Louisville, CO, 80027
NTEE Category
Code: S41 - Community improvement
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