State Street Area Association: Nonprofit Profile, Financials & Form 990 (EIN 38-2199337)

Revenue by fiscal year
FY2020	$36K
FY2021	$270K
FY2023	$467K
FY2024	$398K
FY2025	$410K

Expenses by fiscal year
FY2020	$145K
FY2021	$233K
FY2023	$426K
FY2024	$522K
FY2025	$367K

Net assets by fiscal year
FY2020	$44K
FY2021	$82K
FY2023	$191K
FY2024	$84K
FY2025	$126K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

73%

16%

12%

Program services 73% · $267K Management & general 16% · $57K Fundraising 12% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation

Robert Dascola

Director

$0Pt VII · Sec A

Aj Davidson

President

$0Pt VII · Sec A

Amy Karbo

Director

$0Pt VII · Sec A

Don Knight

Director

$0Pt VII · Sec A

Nick Lemmer

Executive Di

$0Pt VII · Sec A

Jeff More

Director

$0Pt VII · Sec A

Jennifer Olmstead

Director

$0Pt VII · Sec A

Randy Parrish

Director

$0Pt VII · Sec A

See State Street Area Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves downtown Ann Arbor's economy and community life.

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2 programs · in their own filed words · FY2025

01

Promotion, advertisng, marketing in the state street area of ann arbor, michigan

Pt IX · col B

02

Sponsor an art fair to aatract people to downtown ann arbor, michigan

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$410K

Ln 12

Other incomeLn 4–11$264K

Gifts and grantsLn 1h$123K

Fees for servicesLn 2g$23K

Money outPt IX

$367K

Ln 25

Programscol B$267K

Managementcol C$57K

Fundraisingcol D$43K

Owns and owesPt X

$126K

net assets · Ln 32

Cash and savingsLn 1–2$65K

Total assetsLn 16$131K

LiabilitiesLn 26$5K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$123K

Fundraising eventsLn 1c$123K

Fees for servicesLn 2g$23K

Other incomeLn 4–11$264K

Total revenueLn 12$410K

Assets in detailPt X, end of year

CashLn 1$65K

Cash and savings togetherLn 1–2$65K

Other assetsLn 15$66K

Total assetsLn 16$131K

LiabilitiesLn 26$5K

Net assetsLn 32$126K

OperationsPt I, VI

EmployeesI 54

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$37K	$65K
Total assetsLn 16	$104K	$131K
LiabilitiesLn 26	$20K	$5K
Net assetsLn 32	$84K	$126K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$137K	$137K
Payroll taxesLn 10	$11K	$11K
Legal feesLn 11b	$53K		$53K
Accounting feesLn 11c	$4K		$4K
Advertising and promotionLn 12	$29K			$29K
Office expensesLn 13	$14K	$6K		$9K
Information technologyLn 14	$5K			$5K
OccupancyLn 16	$30K	$30K
Conferences, conventions and meetingsLn 19	$764	$764
InterestLn 20	$2K	$2K
InsuranceLn 23	$6K	$6K
Other expenses (24a–d)Ln 24	$69K	$69K
All other expensesLn 24e	$6K	$6K
Total functional expensesLn 25	$367K	$267K	$57K	$43K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$410K	$367K	$43K	$126K	990 PDF
FY2024	$398K	$522K	−$124K	$84K	990 PDF
FY2023	$467K	$426K	$41K	$191K	990 PDF
FY2022	Not on file
FY2021	$270K	$233K	$37K	$82K	990 PDF
FY2020	$36K	$145K	−$109K	$44K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $410,046 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $132,687$122,740

I-9 Program service revenuePrior year $48,144$22,979

I-10 Investment income$0

I-11 Other revenuePrior year $216,825$264,327

I-12 Total revenuePrior year $397,656$410,046

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $162,849$147,799

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $358,815$219,360

I-18 Total expensesPrior year $521,664$367,159

I-19 Revenue less expensesPrior year −$124,008$42,887

Part VI · Governance 16 of 16 board members independent, 4 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $410,046 across 6 lines filed

VIII-1c Fundraising events$122,740

VIII-1h Total contributions, gifts and grants$122,740

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,979$22,979

VIII-8 Net income from fundraising events$214,327

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $50,000$50,000

VIII-12 Total revenueRelated to mission $72,979$410,046

Part IX · Statement of functional expenses $367,159 across 13 lines filed

IX-7 Other salaries and wagesPrograms $136,831$136,831

IX-10 Payroll taxesPrograms $10,968$10,968

IX-11b Legal feesManagement $52,913$52,913

IX-11c Accounting feesManagement $4,054$4,054

IX-12 Advertising and promotionFundraising $29,339$29,339

IX-13 Office expensesPrograms $5,601 · Fundraising $8,820$14,421

IX-14 Information technologyFundraising $5,088$5,088

IX-16 OccupancyPrograms $30,133$30,133

IX-19 Conferences, conventions and meetingsPrograms $764$764

IX-20 InterestPrograms $1,543$1,543

IX-23 InsurancePrograms $6,291$6,291

IX-24 Other expenses (24a–d)Programs $68,707$68,707

IX-24e All other expensesPrograms $6,107$6,107

IX-25 Total functional expensesPrograms $266,945 · Management $56,967 · Fundraising $43,247$367,159

Part X · Balance sheet $131,249 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $36,683$64,810

X-15 Other assetsStart of year $67,211$66,439

X-16 Total assetsStart of year $103,894$131,249

X-25 Other liabilitiesStart of year $20,286$4,754

X-26 Total liabilitiesStart of year $20,286$4,754

X-27 Net assets without donor restrictionsStart of year $83,608$126,495

X-32 Total net assets or fund balancesStart of year $83,608$126,495

X-33 Total liabilities and net assetsStart of year $103,894$131,249

Part XI · Reconciliation of net assets $126,495 net assets at year end

XI-1 Total revenue$410,046

XI-2 Total expenses$367,159

XI-3 Revenue less expenses$42,887

XI-4 Net assets at start of year$83,608

XI-10 Net assets at end of year$126,495

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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State Street Area Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for State Street Area Association

By the numbers

Filing history

Schedules filed Part IV