Iowa City Downtown Self Supported Municipal Improvement District

Organization Overview

Iowa City Downtown Self Supported Municipal Improvement District is located in Iowa City, IA. The organization was established in 1993. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Iowa City Downtown Self Supported Municipal Improvement District employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa City Downtown Self Supported Municipal Improvement District 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 06/2022, Iowa City Downtown Self Supported Municipal Improvement District generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 10.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO CHAMPION THE IOWA CITY DOWNTOWN DISTRICT AS A PROGRESSIVE, HEALTHY, AND CULTURALLY-VIBRANT URBAN CENTER OF THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ENHANCE DOWNTOWN IOWA CITY TO BE A SAFE AND CLEAN DISTRICT WHICH ATTRACTS PEOPLE TO DINE, SHOP, AND ATTEND EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Bird
Top Mgmnt Of
$122,640
Nancy Ginsberg
Secretary
$0
Nick Lindsley
Past Preside
$0
Charlie Nusser
President
$0
Greg Turner
Treasurer
$0
Tony Branch
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $553,858
All other contributions, gifts, grants, and similar amounts not included above$601,509
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,155,367
Total Program Service Revenue$164,696
Investment income $1,497
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 $1,321,560

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Iowa City Downtown Self Supported Municipal Improvement District has recieved totaling $29,500.

Awarding OrganizationAmount
GreenState Credit Union UNION

North Liberty, IA

PURPOSE: Mural Project

$15,000
GreenState Credit Union UNION

North Liberty, IA

PURPOSE: Holiday Pop-Up

$8,500
GreenState Credit Union UNION

North Liberty, IA

PURPOSE: DT Block Party

$6,000
View Grant Recipient Profile

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