Nonprofit · EIN 88-1142488
DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN
Also known as DOWNTOWN BUSINESS ASSOCIATION
Tax-exempt · WATERTOWN, NY 13601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,387 | $6,694 | $693 | $173,092 | $0 | $173,092 |
| December 31, 2023 | 990 | $177,026 | $6,483 | $170,543 | $172,399 | $0 | $172,399 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,842
- Membership dues
- $771
- Program service revenue
- $0
- Investment income
- $3,268
- Net income from fundraising events
- -$14,723
- Other revenue
- -$14,723
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $5,474
- Management and general (functional)
- $1,220
Balance sheet and other
- Total assets, start of year
- $172,399
- Total assets, end of year
- $173,092
- Total liabilities, end of year
- $0
- Net assets, end of year
- $173,092
- Net assets without donor restrictions
- $173,092
- Gross receipts
- $24,116
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2023
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTY AUMAN | MEMBER Trustee or director | – | $0 |
| SHAWNA CUTULI | MEMBER Trustee or director | – | $0 |
| LORI GERVERA | SECRETARY Trustee or director, Officer | 1 | $0 |
| NICK GERVERA | CURRENT PRES Trustee or director, Officer | 1 | $0 |
| KAYLA JAMIESON | MEMBER Trustee or director | 1 | $0 |
| CAROL LOCH | TREASURER - Trustee or director, Officer | 1 | $0 |
| NOAH MURROCK | MEMBER Trustee or director | 1 | $0 |
| MARC PICHE | TREASURER - Trustee or director, Officer | 1 | $0 |
| GREG STICKEL | MEMBER Trustee or director | 1 | $0 |
| JILL VANHOESEN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL LOCH | TREASURER Trustee or director, Officer | 1 | $0 |
| VONNETTE MONTEITH | SECRETARY Trustee or director, Officer | 1 | $0 |
| JILL VANHOESEN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JOSEPH WESSNER | PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 482, WATERTOWN, NY 13601-0482
- In care of
- % DOWNTOWN BUSINESS ASSOCIATION
- Principal officer (990 for 2024)
- NICK GERVERA, PO BOX 482, WATERTOWN, NY 13601
- Signed the 990
- NICK GERVERA, CURRENT PRESIDENT
- Phone
- (315) 755-2721
- Website
- WWW.WATERTOWNDBA.ORG
- Return prepared by
- CROWLEY & HALLORAN CPAS PC
Mission
THE ORGANIZATION WAS CREATED TO PROMOTE DOWNTOWN WATERTOWN AND TRY TO LURE BUSINESS OWNERS TO LOCATE IN THE AREA OF DOWNTOWN WATERTOWN NY.
Program accomplishments
- PROMOTE AND LURE BUSINESSES TO THE DOWNTOWN AREA OF WATERTOWN NYExpenses $5,474 · revenue $1,256
- ECLIPSE VIEWING PARTY TO BRING COMMUNITY TOGETHERrevenue $19,592
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-1142488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S22)
- Assets (IRS master file)
- $173,092
- Income (IRS master file)
- $24,116
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,387 | $6,694 | $173,092 | XML |
| 990 | December 2023 | $177,026 | $6,483 | $172,399 | XML |
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 88-1142488).
Questions about DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN
- What is the EIN of DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN?
- The employer identification number (EIN) of DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN is 88-1142488.
- Is DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN?
- The 990 for the year ended December 31, 2024 names NICK GERVERA.
- Who are the officers and directors of DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN BUSINESS DEVELOPMENT CORPORATION OF WATERTOWN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,387, expenses of $6,694 and total assets of $173,092 at year end.
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All nonprofits in WATERTOWN · New York · Community improvement and capacity building