Downtown South Bend Inc
- Assets
- $521.3k
- Revenue
- $654.0k
- Investments
- $0.0
- Employees
- 9
- Location
- South Bend, IN
- Founding
- 02/1983
- Data as of
- 12/2021
- 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 12/2021, Dtsb employed 9 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 12/2021, Dtsb generated $654.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $557.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 7 years. 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
2021
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 10 RIBBON CUTTINGS AND WELCOMED 11 NEW BUSINESS OPENINGS WITH 51 NEW JOBS CREATED IN 2021. STREET-LEVEL SOLUTIONS THROUGH THE AMBASSADOR PROGRAM CLOCKED OVER 13,296 CLEANING HOURS, 10,841 SAFETY HOURS, 1,029 SPECIAL EVENT HOURS, 5,017 SEASONAL PROJECT HOURS, 1,049 DELIVERY HOURS, AND 786 SNOW REMOVAL HOURS. ADDITIONALLY, AMBASSADORS REMOVED 468,764 POUNDS OF TRASH, PERFORMED WEED REMOVAL IN 232 BLOCKS, WATERED FLOWERS USING 74,300 GALLONS OF WATER, AND PERFORMED 973 HOSPITALITY ASSISTS. DTSB PLANNED, PROMOTED, AND IMPLEMENTED 126 TOTAL EVENTS AND RELATED PROMOTIONAL ACTIVITIES, AND OUR SOCIAL SERVICES OUTREACH SPECIALIST ENGAGED IN 991 INTERACTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kylie Carter Exec. Direct | Officer | 39 | $64,700 |
Milton Lee Exec. Direct | Officer | 39 | $14,450 |
Deborah Gamble Accountant | Officer | 19 | $8,055 |
Willow Weatherall Exec Directo | OfficerTrustee | 39 | $5,208 |
Danielle Meersman Treasurer | OfficerTrustee | 2.5 | $0 |
Rob Decleene President | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,500 |
| Government grants | $461,809 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $523,525 |
| Total Program Service Revenue | $130,501 |
| 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 | $654,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,862 |
| 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. | $92,413 |
| Compensation of current officers, directors, key employees. | $44,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,782 |
| Payroll taxes | $10,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,747 |
| Office expenses | $23,646 |
| Information technology | $2,137 |
| Royalties | $0 |
| Occupancy | $26,340 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297 |
| Interest | $2,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,376 |
| Insurance | $11,118 |
| All other expenses | $18,488 |
| Total functional expenses | $557,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,700 |
| Savings and temporary cash investments | $63,929 |
| Pledges and grants receivable | $126,396 |
| Accounts receivable, net | $21,226 |
| 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 | $1,877 |
| Net Land, buildings, and equipment | $54,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,375 |
| Total assets | $521,278 |
| Accounts payable and accrued expenses | $28,348 |
| Grants payable | $0 |
| Deferred revenue | $186,568 |
| 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 | $15,464 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,500 |
| Total liabilities | $233,880 |
| Net assets without donor restrictions | $224,327 |
| Net assets with donor restrictions | $63,071 |
| 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 | $521,278 |
Grants Awarded
Over the last fiscal year, Downtown South Bend Inc has awarded $29,314 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON 315 LLCJEFFERSON 315 LLC PURPOSE: EXTERIOR ENHANCEMENT | $15,102 |
CAFE NAVARRECAFE NAVARRE PURPOSE: EXTERIOR ENHANCEMENT | $14,212 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Downtown South Bend Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
University Of Notre Dame Du Lac Notre Dame, IN PURPOSE: see Part IV | $15,000 |
Memorial Hospital Of South Bend South Bend, IN PURPOSE: Community Sponsor | $10,000 |
Steven And Natalee Herrig Family Foundation Inc Bradenton, FL PURPOSE: CHARITABLE | $10,000 |
Steven And Natalee Herrig Family Foundation Inc Bradenton, FL PURPOSE: CHARITABLE | $10,000 |
Steven And Natalee Herrig Family Foundation Inc Bradenton, FL PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |
Lafayette-West Lafayette Development Corporation Lafayette, IN | $8,692,255 | $2,407,037 |
Experimental Station Chicago, IL | $1,624,397 | $2,920,468 |