Downtown South Bend Inc
- Assets
- $609.1k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- South Bend, IN
- Founding
- 02/1983
- Data as of
- 12/2023
- EIN
- 35-1546291
Organization Overview
Downtown South Bend Inc, operating under the name Dtsb, is located in South Bend, IN. The organization was established in 1983. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Dtsb employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dtsb is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Dtsb generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dtsb has awarded 30 individual grants totaling $442,279. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN SOUTH BEND, INC. IS COMMITTED TO THE ADVANCEMENT AND VITALITY OF DOWNTOWN THROUGH OFFERING BUSINESS RESOURCES, SUPPORT, INITIATIVES, AND INCENTIVES; PRESENTING MARKETING AND EVENTS TO ATTRACT VISITORS; AND HIGHLIGHTING DOWNTOWN AS THE CENTER FOR ARTS, DINING, AND ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DTSB HOSTED 11 RIBBON CUTTINGS AND WELCOMED 13 NEW BUSINESS OPENINGS. 69% WERE WOMEN OR MINORITY-OWNED WITH AN ESTIMATED 42 NEW JOBS CREATED IN 2023. WE PROVIDED OPPORTUNITIES FOR 400% MORE LOCAL BUSINESSES AT FIRST FRIDAYS MARKETS. WE PLANNED, PROMOTED, AND IMPLEMENTED 76 TOTAL EVENTS IN 2023, ENGAGING OVER 90,000 ATTENDEES. WE FACILITATED 2,000+ HOURS OF DEDICATED DOWNTOWN SAFETY PATROLS. WE PARTNERED WITH MURAL MANIA TO BEAUTIFY OUR CITY CENTER WITH 8 NEW MURALS. WE CATALYZED 600K+ IN NEW INVESTMENT VIA OUR EXTERIOR ENHANCEMENT GRANTS, WITH 9 GRANTS AWARDED IN 2023 AND 3 PROJECTS COMPLETED FROM 2022. WE EXPANDED RIVERFRONT LIQUOR LICENSE BOUNDARIES TO HELP MORE SMALL BUSINESSES. WE WORKED WITH SMALL- SCALE DEVELOPERS TO ADVANCE THE REVITALIZATION OF 15 LONG-VACANT BUILDINGS. WE INFUSED LIFE AND COLOR DOWNTOWN WITH 6,271 ANNUAL & PERENNIAL FLOWERS & PLANTS. WE PROMOTED DOWNTOWN EVENTS & BUSINESSES TO 723,500 PEOPLE VIA SOCIAL MEDIA CHANNELS & OUR WEBSITE. STREET-LEVEL SOLUTIONS THROUGH THE AMBASSADOR PROGRAM CLOCKED OVER 5,882 CLEANING HOURS, 434 SAFETY HOURS, 309 SPECIAL EVENT HOURS, 560 SEASONAL PROJECT HOURS, 145 DELIVERY HOURS, AND 166 SNOW REMOVAL HOURS, AND REMOVED 197,679 POUNDS OF TRASH, PERFORMED WEED REMOVAL IN 177 BLOCKS, WATERED FLOWERS USING 44,641 GALLONS OF WATER AND PERFORMED 20,645 HOSPITALITY ASSISTS. OUR OUTREACH AMBASSADOR PROVIDED LIFE-CHANGING AND LIFE-SAVING OUTREACH TO THE HOMELESS AND ENGAGED IN 1,078 INTERACTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willow Wetherall Exec Directo | Officer | 39 | $97,500 |
Monica Abair Accountant ( | Officer | 19 | $11,794 |
Amanda Harris Accountant ( | Officer | 19 | $35,139 |
Calvin Johnson Director | Trustee | 0.5 | $0 |
Jeanne Skelton Director | Trustee | 0.5 | $0 |
Joan Mcclendon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,800 |
| Fundraising events | $0 |
| Related organizations | $70,771 |
| Government grants | $903,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,113,511 |
| Total Program Service Revenue | $190,400 |
| Investment income | $0 |
| 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 | $1,303,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,802 |
| 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. | $144,433 |
| Compensation of current officers, directors, key employees. | $54,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,258 |
| Payroll taxes | $29,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,455 |
| Advertising and promotion | $15,764 |
| Office expenses | $17,157 |
| Information technology | $1,870 |
| Royalties | $0 |
| Occupancy | $26,340 |
| Travel | $3,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,181 |
| Interest | $1,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,283 |
| Insurance | $10,132 |
| All other expenses | $27,466 |
| Total functional expenses | $1,309,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,354 |
| Savings and temporary cash investments | $63,929 |
| Pledges and grants receivable | $145,344 |
| Accounts receivable, net | $32,523 |
| 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 | $3,661 |
| Net Land, buildings, and equipment | $28,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,742 |
| Total assets | $609,149 |
| Accounts payable and accrued expenses | $134,587 |
| Grants payable | $0 |
| Deferred revenue | $188,770 |
| 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 | $11,568 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $765 |
| Total liabilities | $335,690 |
| Net assets without donor restrictions | $225,834 |
| Net assets with donor restrictions | $47,625 |
| 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 | $609,149 |
Grants Awarded
Over the last fiscal year, Downtown South Bend Inc has awarded $162,657 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALOFT SOUTH BENDALOFT SOUTH BEND PURPOSE: EXTERIOR ENHANCEMENT | $36,185 |
CINCO 5 INTERNATIONALCINCO 5 INTERNATIONAL PURPOSE: EXTERIOR ENHANCEMENT | $20,000 |
EARLY BIRD EATERYEARLY BIRD EATERY PURPOSE: EXTERIOR ENHANCEMENT | $5,028 |
LWW PROPERTIES LLCLWW PROPERTIES LLC PURPOSE: EXTERIOR ENHANCEMENT | $7,139 |
MICHIGAN STREET SHOPS LLCMICHIGAN STREET SHOPS LLC PURPOSE: EXTERIOR ENHANCEMENT | $20,000 |
STUDEBAKER MANSIONSTUDEBAKER MANSION PURPOSE: EXTERIOR ENHANCEMENT | $20,000 |