Downtown Partnership Of Baltimore Inc
- Assets
- $3.9m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 121
- Location
- Baltimore, MD
- Founding
- 03/1985
- Data as of
- 12/2022
- EIN
- 52-1326864
Organization Overview
Downtown Partnership Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1985. 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 12/2022, Downtown Partnership Of Baltimore Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Partnership Of Baltimore 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 12/2022, Downtown Partnership Of Baltimore Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $8.3m during the year ending 12/2022. While expenses have increased by 1.9% 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 2014, Downtown Partnership Of Baltimore Inc has awarded 55 individual grants totaling $434,902. 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
PROMOTE, ADVANCE AND STIMULATE CIVIC, BUSINESS, COMMERCIAL AND RESIDENTIAL INTERESTS AND GENERAL WELFARE IN AND AROUND THE CHARLES STREET CORRIDOR OF BALTIMORE CITY AND ADJOINING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP/MARKETING ACTIVITIES INCLUDE NETWORKING EVENTS, ANNUAL MEETING, ACCESS TO ANNUAL REPORTS ON THE STATE OF DOWNTOWN DEVELOPMENT, MONTHLY EMAILS ON DOWNTOWN NEWS AND EVENTS AND VARIOUS GUIDES TO DOWNTOWN AS WELL AS WEBSITE ACCESS
BUSINESS AND ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING MARKET RESEARCH, BUSINESS RETENTION, RETAIL INITIATIVE AND FACADE IMPROVEMENT IN THE DOWNTOWN AREA
CONSUMER MARKETING ACTIVITIES - MANY ACTIVITIES OPEN TO THE PUBLIC INCLUDING OUTDOOR FITNESS, CURBSIDE CAFE'S, PINTS IN THE PARK, PICS IN THE PARK, FARMERS & CRAFT MARKETS, HOLIDAY RETAIL PROMOTION AND MONUMENT LIGHTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Pollak Secretary | OfficerTrustee | 0.1 | $0 |
Sister Helen Amos Director | Trustee | 0.1 | $0 |
Michele L Whelley Director | Trustee | 0.1 | $0 |
Mark Wasserman Chair | OfficerTrustee | 0.1 | $0 |
Mark Caplan Director | Trustee | 0.1 | $0 |
William E Carlson Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Mall Employee Benefits | 12/30/22 | $752,093 |
Chesapeake Employer's Insurance Business Insurance | 12/30/22 | $101,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,684,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $418,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,103,057 |
| Total Program Service Revenue | $6,154,882 |
| Investment income | $617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,315,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,093,449 |
| 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. | $274,811 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,012 |
| Pension plan accruals and contributions | $13,201 |
| Other employee benefits | $79,883 |
| Payroll taxes | $31,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,213 |
| Fees for services: Accounting | $45,184 |
| 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 | $5,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,239 |
| 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 | $230,917 |
| Insurance | $64,339 |
| All other expenses | $191,588 |
| Total functional expenses | $8,325,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,484,130 |
| Savings and temporary cash investments | $93,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,235 |
| 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 | $55,067 |
| Net Land, buildings, and equipment | $1,569,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $515,049 |
| Total assets | $3,948,054 |
| Accounts payable and accrued expenses | $596,029 |
| Grants payable | $0 |
| Deferred revenue | $1,799,693 |
| 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 | $338,006 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,326,675 |
| Total liabilities | $4,060,403 |
| Net assets without donor restrictions | -$415,232 |
| Net assets with donor restrictions | $302,883 |
| 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 | $3,948,054 |
Grants Awarded
Over the last fiscal year, Downtown Partnership Of Baltimore Inc has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LEXINGTON 124 LLC PURPOSE: WESTSIDE FACADE IMPROVEMENT | $10,000 |
JFK SARATOGA PURPOSE: WESTSIDE FACADE IMPROVEMENT | $10,000 |
LISA DILLIN PURPOSE: COMMUNITY LEGACY, FACADE IMPROVEMENT GRANT | $10,000 |
ELUA BROWNS ARCADE PURPOSE: COMMUNITY LEGACY, FACADE IMPROVEMENT GRANT | $10,000 |