Downtown Wheaton Association EIN 36-3887732 Form 990 (PDF) Claim this org

Downtown Wheaton Association

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Strengthens the downtown business community in Wheaton, Illinois. For fiscal year 2025 it reported $599K in revenue, $596K in expenses, and $115K in net assets.Pt I

Founded
1993
Type
Business league / trade association · Nonprofit
Location
Wheaton, IL
Website
www.visitdowntownwheaton.org
Filings
6 on file (2020–2025)
Revenue
$599KFY2025
Expenses
$596K
Net assets
$115K
People
22
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-3887732 Business league / trade association Wheaton, IL Founded 1993
Form 990 (PDF)
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Size
$100K–1M
What they do
Strengthens the downtown business community in Wheaton, Illinois.
Leadership
Allison Orr · Executive Dir. · $109K
Money in and out
$599K revenue, $596K expenses
Bottom line
+0.4% operating surplus
Membership & operating revenue · FY2025
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$596K
Pt IX · Ln 25
Net assets
$115K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.43 Management & general $0.57
Operating surplus
+0.4%
revenue over expenses▼ -55% vs prior filing year
Earned revenue
71%
of revenue from program services & dues▼ -4% vs prior filing year
Payroll share
41%
of spending is salaries & benefits+0.4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$599K
FY2025▲ +8%
Expenses
$596K
FY2025▲ +9%
Total assets
$187K
FY2025▼ -26%
Total liabilities
$72K
FY2025▼ -49%
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$596K
Pt IX · Ln 25
Net assets
$115K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$187K
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDowntown Wheaton Association
EINHdr · item D36-3887732
Principal addressHdr · item CWheaton, IL
WebsiteHdr · item Jwww.visitdowntownwheaton.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$109,303Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Allison Orr$109,303$94,874$98,483$87,904
Elle Withall$69,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $472K of program spending, described in the organization's own filed words · FY2025.
01

Salaries expense consists of compensation for four full-time employees who are responsible for carrying out the organizations mission of promoting economic growth and community engagement in downtown Wheaton.

$222Kprogram expense
02

Program expenses primarily relate to the planning and execution of community events and initiatives designed to enhance engagement and stimulate economic activity. Throughout the year, the organization hosts a variety of events, including seasonal and holiday celebrations, job fairs, and business networking forums.

$183Kprogram expense
03

Advertising expenses include costs associated with promoting downtown Wheaton businesses, community events, and economic development initiatives. The organization utilizes various marketing channels to increase visibility for local businesses and drive customer traffic to the downtown area.

$67Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$423K · 71%
Contributions & grants$171K · 29%
Investment income$5K · 1%
Program service revenue71%$423K
Contributions & grants29%$171K
Investment income1%$5K
Total revenueLn 12$599K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.57
Program services43%$257K
Management & general57%$339K
Total functional expensesLn 25$596K

Balance Sheet

Part X · end of year
CashLn 1$176K
Total assetsLn 16$187K
Total liabilitiesLn 26$72K
Total net assetsLn 32$115K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $176K · Operating expenses/yr $596K
3.5 months
Where the money goes
Program services
Program services $257K · Total expenses $596K
43%
Management & General
Management & general $339K · Total expenses $596K
57%
Fundraising
Fundraising $0 · Total expenses $596K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $165K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $171K · Total revenue $599K
29%
Government reliance
Government grants — · Total revenue $599K
Earned-income share
Program service revenue $423K · Total revenue $599K
71%
Investment reliance
Investment income $5K · Total revenue $599K
+0.8%
Program self-sufficiency
Program service revenue $423K · Total expenses $596K
71%
Growth & trend
Revenue growth (YoY)
This year $599K · Prior year $552K
+8%
Revenue CAGR
FY2020 $607K · FY2025 $599K
-0.3%
Net-asset trend (YoY)
End of year $115K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $599K · Expenses $596K
+0.4%
Liabilities-to-Assets
Total liabilities — · Total assets $187K
Net-asset ratio
Net assets $115K · Total assets $187K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $187K
0%
People & payroll
Highest Reported Total Compensation
Individual Allison Orr · Reported title Executive Dir. · Highest reported compensation $109K · Total expenses $596K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $242K · Total expenses $596K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 43%
Overhead ratio 57%
Revenue growth 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$599K revenue · viewing · ⤓ 990 PDF
FY2024$552K revenue · ⤓ 990 PDF
FY2023$638K revenue · ⤓ 990 PDF
FY2022$532K revenue · ⤓ 990 PDF
FY2021$536K revenue · ⤓ 990 PDF
FY2020$607K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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