Downtown Improvement District Inc
- Assets
- $360.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, ME
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 01-0473460
Organization Overview
Downtown Improvement District Inc, operating under the name Portland Downtown, is located in Portland, ME. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Portland Downtown employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Downtown is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Portland Downtown generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PORTLAND DOWNTOWN STIMULATES A VIBRANT, THRIVING, AND SUSTAINABLE DOWNTOWN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN IMPROVEMENT DISTRICT, INC. D/B/A PORTLAND DOWNTOWN (PD) PROVIDES MANAGEMENT SERVICES THROUGH A CONTRACT WITH THE CITY OF PORTLAND, MAINE THAT BUYS GRAFFITI REMOVAL FROM CITY PROPERTY, LITTER PATROL AND COLLECTION ON STREETS, SIDEWALKS, AND PUBLIC AREAS WITHIN DOWNTOWN, CLEANING AND PAINTING OF ALL FURNITURE AND FIXTURES, SIDEWALK SWEEPING, SIDEWALK SNOW PLOWING, MAINTENANCE OF TREE WELLS, CLEANING AND MAINTENANCE OF PUBLIC RESTROOMS, AND INSTALLATION OF WINTER LIGHTS AND STREET BANNERS. THESE ACTIVITIES ARE INTENDED TO ENHANCE CLEANING AND BEAUTIFICATION SERVICES TO THE DOWNTOWN AREA AND TO PROVIDE CLEANER, MORE WELCOMING SPACES FOR ALL TO ENJOY.
PD IS THE DAY-TO-DAY MANAGEMENT ENTITY FOR THE DOWNTOWN-PORTLAND REGION. FREE DOWNTOWN EVENTS INCLUDE: WINTER LIGHTS, WINTER HOLIDAY EVENTS, DOWNTOWN WORKER APPRECIATION DAY, AND SUMMER OUTDOOR MUSIC AND PERFORMANCE EVENING IN DOWNTOWN PARKS, TO NAME A FEW. PD CO-MANAGES A VISITOR KIOSK WITH VISIT PORTLAND IN THE DOWNTOWN AREA TO ENCOURAGE TOURISM.
PD MAINTAINS A PARKING VALIDATION PROGRAM: PARK & WORK. PARK & WORK PROVIDES PARKING DISCOUNTS FOR LOW TO MODERATE INCOME EMPLOYEES, OR UNPAID VOLUNTEERS. EMPLOYEES PRESENT PARKING TICKETS TO THEIR EMPLOYERS, WHO IN TURN AFFIX A DISCOUNT STAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krista Cole Director | Trustee | 1.5 | $0 |
Kim Farrar Director | Trustee | 1.5 | $0 |
Dawn Homa Vice Chair | OfficerTrustee | 2 | $0 |
David Packard Director | Trustee | 1.5 | $0 |
Kimberly Volk Director | Trustee | 1.5 | $0 |
Gillian West Board Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,675 |
| Total Program Service Revenue | $1,068,668 |
| Investment income | $170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,084,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,251 |
| Compensation of current officers, directors, key employees. | $59,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,701 |
| Pension plan accruals and contributions | $960 |
| Other employee benefits | $25,495 |
| Payroll taxes | $20,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,210 |
| Advertising and promotion | $22,269 |
| Office expenses | $18,325 |
| Information technology | $3,153 |
| Royalties | $0 |
| Occupancy | $33,366 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65 |
| Insurance | $3,748 |
| All other expenses | $18,219 |
| Total functional expenses | $1,050,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,035 |
| Savings and temporary cash investments | $82,352 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,390 |
| Net Land, buildings, and equipment | $44 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,194 |
| Total assets | $360,015 |
| Accounts payable and accrued expenses | $38,263 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,563 |
| Total liabilities | $58,826 |
| Net assets without donor restrictions | $278,007 |
| Net assets with donor restrictions | $23,182 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $360,015 |