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Georgia Downtown Association INC

Not tax-deductible

Atlanta, GA501(c)(6)Community DevelopmentEIN 58-2490621

The association is a non-profit association that promotes the economic redevelopment of georgia's traditional downtowns. Through advocacy, education and marketing, the association works to focus the public's attention on the value of downtown. The association supports both public and private sector efforts targeted at enhancing georgia's downtowns.

60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$233K
+41% vs prior year
Spent
$187K
To programs
60%
Net assets
$147K
By yearFY2020–FY2024
Revenue
$233K
FY2024▲ +41%
Revenue by fiscal year
FY2020$35K
FY2021$94K
FY2022$114K
FY2023$165K
FY2024$233K
Net assets
$147K
FY2024▲ +45%
Net assets by fiscal year
FY2020$94K
FY2021$81K
FY2022$81K
FY2023$101K
FY2024$147K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2000.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $112K Management & general 40% · $75K

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Lequrica Gaskins
Board of Director
$0Pt VII · Sec A
Velinda Hardy
Board of Director
$0Pt VII · Sec A
Taylor Smith
Board of Director
$0Pt VII · Sec A
Abigail Strickland
Board of Director
$0Pt VII · Sec A
Abbey McLaren
Board of Director
$0Pt VII · Sec A
April Norton
Board of Director
$0Pt VII · Sec A
Qaijuan Willis
Board of Director
$0Pt VII · Sec A
Tonya Parker
Board of Director
$0Pt VII · Sec A
See Georgia Downtown Association INC 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

Promotes Georgia's downtown economic redevelopment through advocacy, education, and marketing.

Provided by the organization

This section is blank until Georgia Downtown Association INC claims this page.

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1 program service account for $112K of program spending, described in the organization's own filed words · FY2024.
01

The association has a number of programs that are designed to increase the opportunities for and multiply the talents of its members.

$112Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$233K
Ln 12
Fees for servicesLn 2g$216K
Gifts and grantsLn 1h$11K
Other incomeLn 4–11$6K
Money outPt IX
$187K
Ln 25
Programscol B$112K
Managementcol C$75K
Owns and owesPt X
$147K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$183K
LiabilitiesLn 26$36K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$216K
Investment incomeLn 3$615
Other incomeLn 4–11$6K
Total revenueLn 12$233K
Assets in detailPt X, end of year
CashLn 1$182K
Cash and savings togetherLn 1–2$182K
Total assetsLn 16$183K
LiabilitiesLn 26$36K
Net assetsLn 32$147K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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
LineStart FY24End FY24
Cash and savingsLn 1–2$137K$182K
Total assetsLn 16$141K$183K
LiabilitiesLn 26$40K$36K
Net assetsLn 32$101K$147K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$66K$30K$36K
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$9K$2K$7K
OccupancyLn 16$14K$14K
TravelLn 17$7K$4K$3K
Conferences, conventions and meetingsLn 19$6K$6K
Other expenses (24a–d)Ln 24$75K$55K$20K
All other expensesLn 24e$331$185$146
Total functional expensesLn 25$187K$112K$75K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $233K$187K$46K$147K 990 PDF
FY2023 $165K$101K 990 PDF
FY2022 $114K$81K 990 PDF
FY2021 $94K$81K 990 PDF
FY2020 $35K$94K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $232,876 across 6 lines filed
VIII-1a Federated campaigns$10,881
VIII-1h Total contributions, gifts and grants$10,881
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $215,580$215,580
VIII-3 Investment incomeExcluded from tax $615$615
VIII-8 Net income from fundraising eventsExcluded from tax $5,800$5,800
VIII-12 Total revenueRelated to mission $215,580 · Unrelated business $0 · Excluded from tax $6,415$232,876
Part IX · Statement of functional expenses $187,030 across 8 lines filed
IX-11a Management feesPrograms $30,302 · Management $35,820$66,122
IX-11g Other fees for servicesManagement $9,138$9,138
IX-13 Office expensesPrograms $2,471 · Management $6,865$9,336
IX-16 OccupancyPrograms $13,721$13,721
IX-17 TravelPrograms $4,231 · Management $3,177$7,408
IX-19 Conferences, conventions and meetingsPrograms $6,081$6,081
IX-24 Other expenses (24a–d)Programs $54,665 · Management $20,228$74,893
IX-24e All other expensesPrograms $185 · Management $146$331
IX-25 Total functional expensesPrograms $111,656 · Management $75,374 · Fundraising $0$187,030
Part X · Balance sheet $183,093 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $136,733$182,463
X-4 Accounts receivableStart of year $4,388$630
X-16 Total assetsStart of year $141,121$183,093
X-19 Deferred revenueStart of year $15,988$19,340
X-25 Other liabilitiesStart of year $23,610$16,647
X-26 Total liabilitiesStart of year $39,861$35,987
X-27 Net assets without donor restrictionsStart of year $10,911$4,259
X-28 Net assets with donor restrictionsStart of year $90,349$142,847
X-32 Total net assets or fund balancesStart of year $101,260$147,106
X-33 Total liabilities and net assetsStart of year $141,121$183,093
Part XI · Reconciliation of net assets $147,106 net assets at year end
XI-1 Total revenue$232,876
XI-2 Total expenses$187,030
XI-3 Revenue less expenses$45,846
XI-4 Net assets at start of year$101,260
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$147,106

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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