2025-09-15T15:51:06Z 2022-12-31 990EZ 2022-01-01 842283406 HASTINGS DOWNTOWN BUSINESS ASSOCIATION HAST PO BOX 541 HASTINGS MN 550330541 Wendi Ann Shilts-Johnson Treasurer 2025-09-15 2022 2025-03-06 01:10:19Z X X https://hastingsdba.com/ X X 59081 X 19498 31900 7683 0 0 0 0 0 0 0 0 0 0 0 59081 1230 0 0 11515 0 1311 40998 55054 4027 26003 -1667 28363 X 23003 24363 3000 4000 26003 28363 26003 28363 The Hastings Downtown Business Association exists to support, promote, and revitalize the downtown business district of Hastings, Minnesota. The organization fosters economic growth, preserves historic character, and enhances community life through events, partnerships, and beautification efforts that benefit local businesses and the public. Organized seasonal events and holiday light displays to attract visitors, boost tourism, and support downtown vitality in Hastings. These efforts benefited the entire business district and the local community. 38995 Facilitated meetings, networking, and collaborative marketing among downtown business owners. Provided resources and communication to enhance visibility and foot traffic. 7000 Supported partner events and local nonprofit initiatives through direct sponsorships. These efforts aligned with our mission to promote the downtown district. 1230 47225 Amy VanZee Vice President 2.00 0 0 0 Tatia Nelson President 6.00 0 0 0 Amy Fox Co-Secretary 2.00 0 0 0 Jen Fox Co-Secretary 2.00 0 0 0 Jeff Carter Treasurer 3.00 0 0 0 false false false false false false false false false MN Wendi Shilts-Johnson Treasurer 205 2nd St E Hastings MN 55033 6518299670 false false false false false false false false false false false false NONE 0 NONE 0 true X 0 0 0 0 8400 12098 27484 59081 107063 0 8400 12098 27484 59081 107063 107063 107063 X 1.00000 0.00000 Part I, Line 10 The organization provided community sponsorships to local groups and events aligned with its mission to promote and support the Hastings downtown business district. A total of $1,230 was distributed during the year. Part I, Line 16 Other expenses include $38,995 in holiday lighting displays, $1,000 in FF&E purchases, $403 for supplies, $600 for insurance ,and $1,311 for printed materials and communications. Part I, Line 20 An accounting discrepancy was discovered in the prior year's (2021) records during preparation of the 2022 Form 990-EZ. Upon review, it was determined that certain financial activities from 2021 had either been incorrectly recorded or omitted altogether. To correct this, an adjustment has been made to accurately reflect the organization's beginning net assets in 2022. This correction is reported on Line 20 as an "Other Change in Net Assets," ensuring continuity and integrity of the financial reporting across tax years. The discrepancy was not due to any fraud or misuse of funds but rather a result of inconsistent bookkeeping practices prior to the current Treasurers term. The organization has since implemented improved financial oversight and reporting procedures to prevent such discrepancies in the future. Part II, Line 24 Other assets include $4,000 in furnishings and equipment (FF&E) purchased to support event operations and administrative functions. The organizations exempt status was automatically revoked in 2022 for failure to file required annual returns. At the time, the board was unaware of the revocation and did not have the experience or resources to properly address the issue. A former officer made limited attempts to resolve the matter but did not follow through. When the current Treasurer was elected, the revocation was identified and addressed immediately. The organization gathered historical records, updated its bylaws and governing documents, and completed Form 990 filings for 2019 through 2021. A Form 1023-EZ reinstatement application was submitted and approved in 2025. The 2022 return is now being filed promptly upon reinstatement. The failure to file was not due to willful neglect but due to lack of awareness and incorrect guidance. The organization has since implemented internal procedures to ensure future timely filings.