Downtown Partnership Inc
- Assets
- $539.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Des Moines, IA
- Founding
- 04/1986
- Data as of
- 12/2022
- EIN
- 42-1174898
Organization Overview
Downtown Partnership Inc is located in Des Moines, IA. The organization was established in 1986. 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 12/2022, Downtown Partnership Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Partnership Inc 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 12/2022, Downtown Partnership Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES LEADERSHIP, INITIATIVE, AND ADVOCACY IN ORDER TO ACHIEVE SHARED SOLUTIONS AND A SHARED VISION FOR THE FUTURE OF DOWNTOWN DES MOINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT: THE ORGANIZATION SERVES THE DOWNTOWN BY UNDERTAKING LEADERSHIP AND COLLABORATIVE EFFORTS TO LEVERAGE AND ENHANCE THE STRENGTHS OF THE AREA. DURING 2021, THE ORGANIZATION HELPED ATTRACT OR EXPAND 7 BUSINESSES AND ASSISTED WITH PROJECTS THAT LED TO 386 NEW OR RETAINED JOBS. IT CONTINUED TO SUPPORT THE DEVELOPMENT AND EXPANSION OF DOWNTOWN AMENITIES AND OTHER KEY PROJECTS THAT ENHANCED DOWNTOWN DES MOINES. RESULTS IN THE CURRENT YEAR REFLECTED THE IMPACTS OF THE PANDEMIC.
THIS INCLUDES THE COSTS AND REVENUES ASSOCIATED WITH VARIOUS PROGRAMMATIC OFFERINGS DURING 2022 INCLUDING LUNCHTIME EVENTS OFFERED TO THE DOWNTOWN WORKFORCE AND RESIDENT POPULATION. IN ADDITION, THE COSTS OF MARKETING AND PROMOTING DOWNTOWN ACTIVITIES AND OFFERINGS, INCLUDING BUT NOT LIMITED TO, THOSE CARRIED OUT BY THE ORGANIZATION ARE REFLECTED HERE.
DOWNTOWN DES MOINES FARMERS MARKET: THE MARKET, WHICH DATES BACK TO 1976, IS HELD EACH SATURDAY FROM MAY TO OCTOBER. THE MARKET BOASTS NEARLY 300 VENDORS AND AVERAGES MORE THAN 25,000 IN ATTENDANCE EACH WEEK. IN ADDITION, AN INDOOR MARKET IS HELD OVER TWO WEEKENDS IN NOVEMBER AND DECEMBER. THE NATIONALLY-RECOGNIZED MARKET INCLUDES A VARIETY OF VENDORS AND PRODUCT OFFERINGS AND IS PRODUCED, OPERATED, AND MANAGED BY THE ORGANIZATION. THE 2021 SEASON MARKED A RETURN TO AN IN-PERSON MARKET AND OVER THE COURSE OF THE SEASON, THE EVENT RETURN TO PRE-PANDEMIC LEVELS OF ACTIVITY.
DOWNTOWN BANNER PROGRAM: THE ORGANIZATION MANAGES THIS PROGRAM WHICH APPROVES AND EXECUTES THE PLACEMENT OF STREET BANNERS AT NEARLY 350 SITES THROUGHOUT DOWNTOWN. THE PROGRAM IS PRIMARILY AVAILABLE TO NON-PROFIT ORGANIZATIONS BUT CAN BE UTILIZED BY FOR-PROFIT ORGANIZATIONS IF THE BANNERS ARE BEING PLACED ON POLES IN FRONT OF PROPERTY OWNED BY THE FOR-PROFIT ENTITY. THE PROGRAM IS A VERY SUCCESSFUL AND POPULAR WAY TO DRAW ATTENTION TO LOCAL EVENTS, ORGANIZATIONS, AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Tauscheck President | OfficerTrustee | 42 | $0 |
Hallie Still-Caris Co-Chair | OfficerTrustee | 1 | $0 |
Jake Christensen Co-Chair | OfficerTrustee | 1 | $0 |
David Brown Secretary | Trustee | 1 | $0 |
Karen Karr Board Chair | Trustee | 1 | $0 |
Tom Matthews Assistant Tr | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $635,794 |
| Government grants | $154,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $790,761 |
| Total Program Service Revenue | $949,340 |
| 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 | $1,740,101 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,493 |
| Pension plan accruals and contributions | $32,342 |
| Other employee benefits | $35,166 |
| Payroll taxes | $32,707 |
| Fees for services: Management | $467,184 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $128,135 |
| Office expenses | $52,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,622 |
| Travel | $2,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,590 |
| Insurance | $0 |
| All other expenses | $45,332 |
| Total functional expenses | $1,549,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $335,449 |
| 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 | $917 |
| Net Land, buildings, and equipment | $1,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $539,675 |
| Accounts payable and accrued expenses | $280,671 |
| 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 | $280,671 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $259,004 |
| Total liabilities and net assets/fund balances | $539,675 |