Nonprofit · EIN 56-1618807
MARION DOWNTOWN BUSINESS ASSOCIATION INC
Tax-exempt · MARION, NC 28752
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $223,264 | $215,307 | $7,957 | $60,451 | $0 | $60,451 |
| June 30, 2024 | 990 | $216,251 | $206,555 | $9,696 | $52,494 | $0 | $52,494 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $223,264
- of which government grants
- $162,030
- Membership dues
- $6,575
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $61,799
- Compensation of officers, directors and key employees
- $88,014
- Salaries, compensation and benefits (total)
- $99,871
- Professional fundraising fees
- $0
- Accounting fees
- $165
- Program services (functional)
- $215,307
Balance sheet and other
- Total assets, start of year
- $52,494
- Total assets, end of year
- $60,451
- Total liabilities, end of year
- $0
- Net assets, end of year
- $60,451
- Net assets without donor restrictions
- $60,451
- Gross receipts
- $223,264
- Employees
- 3
- Volunteers
- 49
- Year formed
- 1988
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Freddie Killough | Executive Director Highest-paid employee | 32 | $55,774 |
| Natalie Bell | Events and Outreach Coordinator Key employee | 32 | $32,300 |
| Cindi Snedaker | Board of Director Trustee or director | 1 | $0 |
| Tyler Mace | Past President Trustee or director | 1 | $0 |
| Lauren Mathews | Board of Directors Trustee or director | 1 | $0 |
| Walt Bagwell | Board of Directors Trustee or director | 1 | $0 |
| Erin Adam | Board of Directors Trustee or director | 1 | $0 |
| Steve Bush | Board of Directors Trustee or director | 1 | $0 |
| Crystal Ledbetter | Board President Trustee or director | 2 | $0 |
| Cindi Snedaker | Board of Directors Trustee or director | 1 | $0 |
| Alyssa Hughes | Board Treasurer Trustee or director | 2 | $0 |
| Becky Poteat | Vice President Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Freddie Killough | Executive Director Key employee | 32 | $53,629 |
| Natalie Bell | Events and Outreach Coordinator Key employee | 32 | $31,000 |
| Emily Causey | Board of Director Trustee or director | 1 | $0 |
| Tyler Mace | Board of Director Trustee or director | 1 | $0 |
| Emily Causey | Immediate Past President Trustee or director | 1 | $0 |
| Lauren Mathews | President Trustee or director | 1 | $0 |
| Walt Bagwell | Vice President Trustee or director | 1 | $0 |
| Erin Adam | Board of Directors Trustee or director | 1 | $0 |
| Steve Bush | Board of Directors Trustee or director | 1 | $0 |
| Brandi Rodriguez | Board of Director Trustee or director | 1 | $0 |
| Crystal Ledbetter | Board Member Trustee or director | 1 | $0 |
| Cindi Snedaker | Board of Directors Trustee or director | 1 | $0 |
| Rachel Westall | Board of Director Trustee or director | 1 | $0 |
| Becky Poteat | Tresurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 700, MARION, NC 28752-0700
- Principal officer (990 for 2024)
- Freddie Killough, PO Drawer 700, Marion, NC 28752
- Signed the 990
- Freddie Killough, Executive Director
- Phone
- (828) 652-2215
- Website
- discovermarionnc.com
Mission
The Marion Business Association serves to strengthen the economic base of the community while preserving the historic character of the Downtown. To aid in development of business plans, implement business plans, business to business networking, business marketing, and workshops/seminars to build entrepreneurial ecosystem. Organize downtown promotions, festivals and events to give vitality to downtown business district. Provide business basics to new entrepreneurs. Work with property owners to improve buildings for optimal lease rates.
Program accomplishments
- First Accomplishment - Advertising and Marketing - Promoted 150 plus Marion Businesses "Open for Business" with billboards, social media, printed materials, website development, advertisements. Facade improvement grants.Expenses $137,757
- Second Accomplishment - Promotions and Events. Served 25,000 plus customers in community outreach to promote and support local businesses with promotions and events.Expenses $77,550
- Third Accomplishment Promotions and Events for year round activities in Downtown Marion.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1618807
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $60,451
- Income (IRS master file)
- $223,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $223,264 | $215,307 | $60,451 | IRS |
| 990 | June 2024 | $216,251 | $206,555 | $52,494 | XML |
| 990 | June 2023 | $217,395 | $266,802 | $42,798 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1618807).
Questions about MARION DOWNTOWN BUSINESS ASSOCIATION INC
- What is the EIN of MARION DOWNTOWN BUSINESS ASSOCIATION INC?
- The employer identification number (EIN) of MARION DOWNTOWN BUSINESS ASSOCIATION INC is 56-1618807.
- Is MARION DOWNTOWN BUSINESS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1992.
- Are donations to MARION DOWNTOWN BUSINESS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MARION DOWNTOWN BUSINESS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MARION DOWNTOWN BUSINESS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARION DOWNTOWN BUSINESS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MARION DOWNTOWN BUSINESS ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names Freddie Killough.
- Who are the officers and directors of MARION DOWNTOWN BUSINESS ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 2 received compensation from the organization, the highest $55,774 (Freddie Killough, Executive Director).
- How much revenue does MARION DOWNTOWN BUSINESS ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $223,264, expenses of $215,307 and total assets of $60,451 at year end.
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