Downtown Kenosha
- Assets
- $90.8k
- Revenue
- $31.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Kenosha, WI
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5181193
Organization Overview
Downtown Kenosha is located in Kenosha, WI. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Kenosha 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 Kenosha generated $31.4k 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 (20.2%) each year. All expenses for the organization totaled $178.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Downtown Kenosha has awarded 30 individual grants totaling $291,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN KENOSHA INC. IS A CHAMPION FOR A THRIVING AND VIBRANT CITY CENTER THAT HONORS TRADITIONS, CELEBRATES PROGRESS, AND ENGAGES OUR COMMUNITY IN CONCERTED EFFORTS TO FOSTER A COMFORTABLE, WELCOMING AND THRIVING ENVIRONMENT WHERE BUSINESSES, BOTH NEW AND OLD, PROSPER; WHERE THE COMMUNITY GATHERS; AND WHERE PEOPLE OF ALL AGES AND FROM ALL WALKS OF LIFE COME TO LIVE, WORK, PLAY, AND INVEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUR VOLUNTEER COMMITTEES (DESIGN, ORGANIZATION, PROMOTION, AND ECONOMIC RESTRUCTURING) WERE ESTABLISHED AND EACH DEVELOPED WORK PLANS TO SUPPORT LOCAL BUSINESSES AND BRING NEW CUSTOMERS DOWNTOWN. KENOSHA WAS DESIGNATED A MAIN STREET COMMUNITY IN JULY 2013 AND, IN OCTOBER 2014, DOWNTOWN KENOSHA, INC. RECEIVED ITS 501(C)(3) STATUS AS A NON-PROFIT CORPORATION. DOWNTOWN KENOSHA, INC. HOSTS PROMOTIONAL EVENTS--INCLUDING MONTHLY SECOND SATURDAY EVENTS, A HOLIDAY TREE LIGHTING AND DOWNTOWN DECORATING EVENT, A WINTER SNOW DAZE FESTIVAL, AND AN EASTER EVENT--TO IMPROVE THE PERCEPTION OF DOWNTOWN AND ATTRACT A GROWING CUSTOMER BASE TO DOWNTOWN BUSINESSES. DOWNTOWN KENOSHA, INC. ALSO COORDINATED VISITS AND WORKED ON FEASIBILITY STUDIES FOR PROSPECTIVE DEVELOPERS TO REDEVELOP VACANT PROPERTIES IN THE DOWNTOWN AREA. DOWNTOWN KENOSHA, INC. DEVELOPED PLANS AND APPLIED FOR GRANTS FOR INFRASTRUCTURE IMPROVEMENTS AND TECHNICAL ASSISTANCE TO IMPROVE DOWNTOWN KENOSHAS PUBLIC SPACE, STREETSCAPE, ROADS, TRANSIT, AND PEDESTRIAN ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Hernandez Secretary | OfficerTrustee | $0 | |
Matt Monroe Vice Preside | OfficerTrustee | $0 | |
Derek Petersen Treasurer | OfficerTrustee | $0 | |
Rick Tagliapietra President | OfficerTrustee | $0 | |
Ajillian Day Burrell Director | Trustee | $0 | |
Tina Chatmon Director | Trustee | $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 | $25,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,915 |
| Total Program Service Revenue | $2,982 |
| Investment income | $20 |
| 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 | $2,530 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,646 |
| 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 | $74,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,669 |
| Payroll taxes | $4,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9 |
| Office expenses | $0 |
| Information technology | $2,281 |
| Royalties | $0 |
| Occupancy | $2,883 |
| 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 | $837 |
| All other expenses | $1,929 |
| Total functional expenses | $178,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,169 |
| Total assets | $90,839 |
| Accounts payable and accrued expenses | $17,369 |
| 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 | $35,090 |
| Other liabilities | $12,325 |
| Total liabilities | $64,784 |
| Net assets without donor restrictions | $26,055 |
| 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 | $90,839 |
Grants Awarded
Over the last fiscal year, Downtown Kenosha has awarded $60,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Kenosha, WI PURPOSE: BUSINESS RECOVERY FD | $20,000 |
PUBLIC CRAFT BREWING COMPANY PURPOSE: BUSINESS RECOVERY FD | $10,000 |
BASA 2000 LLCSUBWAY PURPOSE: BUSINESS RECOVERY FD | $10,000 |
UPTOWN BEAUTY PURPOSE: BUSINESS RECOVERY FD | $10,000 |
THE OUTDOORS BY QUALITY FENCING PURPOSE: BUSINESS RECOVERY FD | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Downtown Kenosha has recieved totaling $151,077.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $131,077 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Humans First Detroit Detroit, MI | $6,650,332 | $4,303,626 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |