Downtown Kalamazoo Inc
- Assets
- $796.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Kalamazoo, MI
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 38-2845664
Organization Overview
Downtown Kalamazoo Inc, operating under the name Kalamazoo Downtown Partnership, is located in Kalamazoo, MI. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kalamazoo Downtown Partnership employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo Downtown Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kalamazoo Downtown Partnership generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 9.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PLAN AND COORDINATE PUBLIC AND PRIVATE DEVELOPMENT IN DOWNTOWN KALAMAZOO BY LESSENING THE BURDEN OF GOVERNMENT, CITY PARKING STAFFING AND EVENTS FOR PUBLIC BENEFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN COORDINATION WITH OTHER RELATED ENTITIES THE ORGANIZATION HAS IMPLEMENTED NEW REHABILITATION PROJECTS IN THE DOWNTOWN KALAMAZOO AREA TO IMPROVE THE HEALTH, LIVING, AND WORKING CONDITIONS IN THE DOWNTOWN DISTRICT. FUND AND ADMINISTER MUSICAL AND VISUAL ARTS IN WHICH LOCAL DIVERSE GROUPS SHOWCASE THEIR CULTURES THROUGH MUSIC, DANCE, AND FOOD, THE ANNUAL HOLIDAY PARADE, AND INFORMATIONAL PROGRAMS DEALING WITH PUBLIC SAFETY CONCERNS IN THE CITY OF KALAMAZOO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Haan President | Officer | 40 | $139,742 |
Robert Cinabro Treasurer | OfficerTrustee | 1 | $0 |
Susan Watts Vice-Chair | OfficerTrustee | 1 | $0 |
Derek Nofz Chair | OfficerTrustee | 1 | $0 |
Tom Shuster Past Chair | OfficerTrustee | 1 | $0 |
Clarence Lloyd Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $637,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $714,687 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,351,707 |
| Total Program Service Revenue | $15,274 |
| Investment income | $211 |
| 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 | $1,367,192 |
| 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. | $139,742 |
| Compensation of current officers, directors, key employees. | $139,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,022 |
| Pension plan accruals and contributions | $27,439 |
| Other employee benefits | $16,725 |
| Payroll taxes | $43,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,932 |
| Fees for services: Accounting | $14,839 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,179 |
| Advertising and promotion | $0 |
| Office expenses | $13,806 |
| Information technology | $15,892 |
| Royalties | $0 |
| Occupancy | $60,028 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,047 |
| Insurance | $2,158 |
| All other expenses | $0 |
| Total functional expenses | $1,202,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,991 |
| 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 | $3,085 |
| Net Land, buildings, and equipment | $41,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $796,541 |
| Accounts payable and accrued expenses | $347,803 |
| 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 | $0 |
| Total liabilities | $347,803 |
| Net assets without donor restrictions | $285,240 |
| Net assets with donor restrictions | $163,498 |
| 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 | $796,541 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Downtown Kalamazoo Inc has recieved totaling $147,840.
| Awarding Organization | Amount |
|---|---|
Consumers Energy Foundation Jackson, MI PURPOSE: DOWNTOWN AMBASSADOR PROGRAM-*NOTE REQUESTED SUPPORT IS FOR TWO YEARS | $50,000 |
Jim Gilmore Jr Foundation Kalamazoo, MI PURPOSE: RENT | $42,840 |
Jim Gilmore Jr Foundation Kalamazoo, MI PURPOSE: ALLEY WAYS PROJECT | $25,000 |
Jim Gilmore Jr Foundation Kalamazoo, MI PURPOSE: DOWNTOWN AMBASSADOR PROGRAM | $20,000 |
Kalamazoo Community Foundation Kalamazoo, MI PURPOSE: COMMUNITY IMPROVEMENT/CAPACITY BUILDING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Ohio Capital Finance Corporation Columbus, OH | $139,771,046 | $8,872,596 |