Loveland Downtown Partnership
- Assets
- $660.9k
- Revenue
- $827.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Loveland, CO
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-2240377
Organization Overview
Loveland Downtown Partnership is located in Loveland, CO. The organization was established in 2015. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Loveland Downtown Partnership employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveland Downtown Partnership is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Loveland Downtown Partnership generated $827.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $735.4k during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 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.
Since 2017, Loveland Downtown Partnership has awarded 11 individual grants totaling $228,478. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LOVELAND DOWNTOWN PARTNERSHIP PROVIDES A MEANS FOR DEVELOPMENT OR REDEVELOPMENT OF THE DOWNTOWN AREA, AS WELL AS COORDINATING ACTIVITIES, PROJECTS AND PROGRAMS THAT ENHANCE DOWNTOWN AS A CIVIC, CULTURAL, SOCIAL AND ECONOMIC CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS ORGANIZED AS A CIVIC LEAGUE OR SOCIAL WELFARE ORGANIZATION WITHIN THE MEANING OF SEC 501(C)(4) IRC 1986. THE PURPOSES OF THE CORPORATION ARE (A) TO PROVIDE A MEANS FOR PERSONS INTERESTED IN THE DEVELOPMENT OR REDEVELOPMENT OF THE DOWNTOWN AREA, TO IDENTIFY, DISCUSS AND ACT TO ADDRESS ISSUES CONCERNING THE DOWNTOWN AREA; (B) TO COORDINATE ACTIVITIES, PROJECTS AND PROGRAMS WHICH WILL ENHANCE THE DOWNTOWN AS A CIVIC, CULTURAL, SOCIAL, AND ECONOMIC CENTER AND A PLACE WHERE PEOPLE CAN LIVE, WORK, CONDUCT BUSINESS AND ENJOY A BETTER QUALITY OF LIFE; (C) TO PROMOTE COOPERATION AMONG THE PUBLIC AND PRIVATE SECTORS TO PROMOTE THE DOWNTOWN AREA; AND (D) TO ENCOURAGE THE COMMITMENT OF PUBLIC AND PRIVATE RESOURCES TO THE PLANNING AND DEVELOPMENT OR REDEVELOPMENT AND FAVORABLE MARKETING OF THE DOWNTOWN.SERVICE CONTRACT (ANNUALLY APPROPRIATED) WITH THE CITY OF LOVELAND OUTLINING GOALS, INCLUDINGA. CREATING A COMMUNICATIONS AND A MARKETING PLAN FOR THE DOWNTOWN.B. CREATING A SUSTAINABLE DOWNTOWN DEVELOPMENT AUTHORITYC. ADMINISTER A FACADE REIMBURSEMENT PROGRAMD. CULTURAL AND CIVIC EVENTS/PROMOTIONS IN THE DOWNTOWNE. EDUCATION/ADVOCACY FOR DOWNTOWN BUSINESSESIN 2022 THIS INCLUDED HOSTING A SERIES OF FREE, ALL AGES PUBLIC EVENTS IN DOWNTOWN DESIGNED TO SHOWCASE OUR DOWNTOWN DEVELOPMENT EFFORTS. WE ALSO PARTNERED WITH THE PRIVATE SECTOR TO PROVIDE GRANT FUNDING TO IMPROVE SEVEN BUILDING FACADES AND PROMOTED EVENTS AND IMPROVEMENT IN DOWNTOWN LOVELAND THROUGH REGULAR EMAIL COMMUNICATION, SOCIAL MEDIA, AND MEDIA RELATIONS EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Wyrick Chair | OfficerTrustee | 2 | $0 |
Shane Mcwatters Vice-Chair | OfficerTrustee | 2 | $0 |
Heather Lelchook Board Member | Trustee | 2 | $0 |
Jackson Whelen Board Member | Trustee | 2 | $0 |
Zach Andersson Board Member | Trustee | 2 | $0 |
Meagan Griesel Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,398 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $611,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $641,966 |
| Total Program Service Revenue | $183,907 |
| Investment income | $1,994 |
| 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 | $827,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $130,086 |
| Compensation of current officers, directors, key employees. | $43,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,800 |
| Payroll taxes | $24,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250,702 |
| Office expenses | $1,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,329 |
| Travel | $1,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,672 |
| Interest | $71 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,792 |
| Insurance | $10,295 |
| All other expenses | $25,127 |
| Total functional expenses | $735,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,548 |
| 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 | $5,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,888 |
| Total assets | $660,905 |
| Accounts payable and accrued expenses | $54,004 |
| 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 | $9,319 |
| Total liabilities | $63,323 |
| Net assets without donor restrictions | $101,473 |
| Net assets with donor restrictions | $496,109 |
| 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 | $660,905 |
Grants Awarded
Over the last fiscal year, Loveland Downtown Partnership has awarded $65,305 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
501 N CLEVELAND LLC PURPOSE: FACADE IMPROVEMENTS | $22,582 |
SHOVE ENTERPRISES LLC PURPOSE: FACADE IMPROVEMENTS | $17,723 |
418 EAST 4TH STREET LLC PURPOSE: FIRE SUPPRESSION | $25,000 |