Downtown Now
- Assets
- $6.0m
- Revenue
- $176.9k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 43-1874939
Organization Overview
Downtown Now is located in St Louis, MO. The organization was established in 2000. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Now 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, Downtown Now generated $176.9k 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 (38.3%) each year. All expenses for the organization totaled $303.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.1%) 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
STABILIZING, STRENGTHENING AND HELPING MAINTAIN THE DOWNTOWN AREA OF THE CITY OF ST LOUIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN NOW! HELPS TO LESSEN THE BURDENS OF GOVERNMENT AND FACILITATE THE CITY OF ST LOUIS' 1990 ACTION PLAN THROUGH THE DEVELOPMENT OF PROPERTY FOR THE PURPOSE OF ECONOMIC BUSINESS RETENTION IN DOWNTOWN ST. LOUIS.
ECONOMIC DEVELOPMENT OF DOWNTOWN ST LOUIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hall President | OfficerTrustee | 1 | $0 |
Bob O'loughlin Vice President | OfficerTrustee | 1 | $0 |
Bill Dewitt Treasurer | OfficerTrustee | 1 | $0 |
Ron Kruszewski Chairperson | OfficerTrustee | 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 | $131,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,573 |
| Total Program Service Revenue | $45,340 |
| Investment income | $7 |
| 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 | $176,920 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $79 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,230 |
| Insurance | $8,689 |
| All other expenses | $136,964 |
| Total functional expenses | $303,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,032 |
| 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 | $2,158 |
| Net Land, buildings, and equipment | $5,956,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,043,573 |
| Accounts payable and accrued expenses | $10,287 |
| Grants payable | $0 |
| Deferred revenue | $80,207 |
| 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 | $90,494 |
| Net assets without donor restrictions | $5,953,079 |
| 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 | $6,043,573 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Now has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Downtown St Louis Foundation Inc St Louis, MO PURPOSE: TO SUPPORT THE 7TH STREET PROJECT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Tulsa Area United Way Tulsa, OK | $38,352,626 | $26,094,881 |