Downtown Council
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Kansas City, MO
- Founding
- 04/1993
- Data as of
- 10/2023
- EIN
- 43-1572192
Organization Overview
Downtown Council is located in Kansas City, MO. The organization was established in 1993. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2023, Downtown Council employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Council 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 10/2023, Downtown Council generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.4m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND MAINTAIN AN URBAN ENVIRONMENT THAT PROVIDES (1) ECONOMIC REASONS FOR BUSINESSES TO BE DOWNTOWN, (2) A QUALITY OF LIFE THAT ENCOURAGES PEOPLE TO LIVE DOWNTOWN, AND (3) ENTERAINMENT AND CULTURAL EVENTS TO ATTRACT PEOPLE DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN COUNCIL CREATES AND MAINTAINS AN URBAN ENVIRONMENT THAT PROVIDES (1) ECONOMIC REASONS FOR BUSINESSES TO BE DOWNTOWN, (2) A QUALITY OF LIFE THAT ENCOURAGES PEOPLE TO LIVE DOWNTOWN, AND (3) ENTERAINMENT AND CULTURAL EVENTS TO ATTRACT PEOPLE DOWNTOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Kilpatrick Director | Trustee | 1 | $0 |
Alexia Norris Director | Trustee | 1 | $0 |
Alissa Wehmueller Director | Trustee | 1 | $0 |
Allison Murdock Director | Trustee | 1 | $0 |
Ann Songer Director | Trustee | 1 | $0 |
Brian Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,489,951 |
| 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 | $1,489,951 |
| 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. | $649,602 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,856 |
| Pension plan accruals and contributions | $9,399 |
| Other employee benefits | $19,541 |
| Payroll taxes | $45,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,936 |
| Advertising and promotion | $32,346 |
| Office expenses | $36,512 |
| Information technology | $12,194 |
| Royalties | $0 |
| Occupancy | $64,927 |
| Travel | $14,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,337 |
| Interest | $1,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $933 |
| Insurance | $7,060 |
| All other expenses | $0 |
| Total functional expenses | $1,375,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $701,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,066 |
| 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 | $9,653 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450,888 |
| Total assets | $1,257,261 |
| Accounts payable and accrued expenses | $48,453 |
| Grants payable | $0 |
| Deferred revenue | $168,900 |
| 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 | $451,965 |
| Total liabilities | $669,318 |
| Net assets without donor restrictions | $587,943 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,257,261 |