Downtown Phoenix Inc
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 69
- Location
- Phoenix, AZ
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 46-2139928
Organization Overview
Downtown Phoenix Inc is located in Phoenix, AZ. The organization was established in 2013. 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 12/2021, Downtown Phoenix Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Phoenix 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 12/2021, Downtown Phoenix Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $519.6k during the year ending 12/2021. 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
SUPPORT THE ECONOMIC & CULTURAL VITALITY OF THE PHOENIX DOWNTOWN COMMUNITY & SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO PROVIDING LEADERSHIP, COORDINATION AND OPERATIONAL EFFICIENCIES, DOWNTOWN PHOENIX INC. (DPI) WILL MAXIMIZE THE STRONG POINTS OF EXISTING DOWNTOWN ORIENTED NOT-FOR-PROFITS AND ASSIST IN THE CREATION OF OTHERS AS DEEMED NECESSARY TO FURTHER ITS OBJECTIVES. SPECIFIC DPI ACTIVITIES WILL BE:-TO PROVIDE OVERSIGHT AND COORDINATION FUNCTIONS FOR OTHER DOWNTOWN NOT-FOR-PROFITS. THIS ACTIVITY WILL BE PERFORMED BY THE DPI CEO, PART TIME ADMINISTRATIVE ASSISTANT AND PART TIME CONTROLLER. THESE FUNCTIONS WILL ACCOUNT FOR APPROXIMATELY 30% OF THE ORGANIZATION'S TIME. -TO PROMOTE THE POSITIVE ATTRIBUTES OF DOWNTOWN PHOENIX TO THE GENERAL PUBLIC. THIS ACTIVITY WILL BE PERFORMED BY THE DPI CEO AND STAFF FROM AFFILIATE ORGANIZATIONS. THIS WILL ACCOUNT FOR APPROXIMATELY 25% OF THE ORGANIZATION'S TIME. -TO ADVOCATE FOR DEVELOPMENT INITIATIVES THAT IMPROVE THE PHYSICAL APPEARANCE OF DOWNTOWN AND CONTRIBUTE TO DOWNTOWN'S ECONOMIC VITALITY. THIS ACTIVITY WILL BE PERFORMED BY THE DPI CEO AND STAFF FROM AFFILIATE ORGANIZATIONS AND WILL ACCOUNT FOR APPROXIMATELY 15% OF THE ORGANIZATION'S TIME. -TO ADVOCATE FOR NEIGHBORHOOD, ARTS, AND THE COMMUNITY INITIATIVES AND PROJECTS THAT IMPROVE THE DOWNTOWN QUALITY OF LIFE. THIS WILL BE PERFORMED BY THE DPI CEO AND STAFF FROM AFFILIATE ORGANIZATIONS AND WILL ACCOUNT FOR APPROXIMATELY 15% OF THE ORGANIZATION'S TIME. -TO PROMOTE AND/OR SUPPORT SPECIAL EVENTS AND FESTIVALS THAT ENHANCE THE DOWNTOWN QUALITY OF LIFE. THIS ACTIVITY WILL BE PERFORMED BY THE DPI CEO AND STAFF FROM AFFILIATE ORGANIZATIONS AND WILL ACCOUNT FOR APPROXIMATELY 15% OF THE ORGANIZATION'S TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devney Preuss President & CEO | Officer | 28 | $190,733 |
Diane Haller Vice Chair | OfficerTrustee | 0.5 | $0 |
Ken Van Winkle Jr Secretary | OfficerTrustee | 0.5 | $0 |
Mike Ebert Chair | OfficerTrustee | 0.5 | $0 |
Heather Kane Treasurer | OfficerTrustee | 0.5 | $0 |
Hon Kate Gallego Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $417,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,226 |
| Total Program Service Revenue | $113,749 |
| 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 | $1,039,975 |
| 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. | $205,270 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,739 |
| Pension plan accruals and contributions | $14,061 |
| Other employee benefits | $78,383 |
| Payroll taxes | $27,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,269 |
| Fees for services: Accounting | $3,000 |
| 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 | $5,190 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $22,236 |
| 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 | $0 |
| Insurance | $5,369 |
| All other expenses | $0 |
| Total functional expenses | $519,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $263,750 |
| Accounts receivable, net | $817,383 |
| 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 | $42,643 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $473,270 |
| Total assets | $1,627,305 |
| Accounts payable and accrued expenses | $8,948 |
| 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 | $679,457 |
| Total liabilities | $688,405 |
| Net assets without donor restrictions | $938,900 |
| 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 | $1,627,305 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Phoenix Inc has recieved totaling $2,400.
| Awarding Organization | Amount |
|---|---|
The Torosian Foundation Kansas City, MO PURPOSE: COMMUNITY | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |