Downtown Frederick Partnership Inc
- Assets
- $872.6k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Frederick, MD
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 52-1682341
Organization Overview
Downtown Frederick Partnership Inc is located in Frederick, MD. The organization was established in 1990. 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 06/2022, Downtown Frederick Partnership Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Frederick Partnership Inc 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 06/2022, Downtown Frederick Partnership Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 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 2016, Downtown Frederick Partnership Inc has awarded 27 individual grants totaling $229,423. 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
DOWNTOWN FREDERICK PARTNERSHIP WORKS TO ENHANCE, PROMOTE AND PRESERVE THE VITALITY, LIVABILITY AND DIVERSITY OF DOWNTOWN FREDERICK, A NATIONAL MAIN STREET COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION FORMED TO ENHANCE, PROMOTE AND PRESERVE THE VITALITY, LIVABILITY AND DIVERSITY OF DOWNTOWN FREDERICK, MARYLAND. CURRENT MAJOR PROGRAMS INCLUDE LIVE DOWNTOWN, WORK DOWNTOWN, STAY DOWNTOWN, PLAY DOWNTOWN AND CONNECT DOWNTOWN. COLLECTIVELY PARTNERSHIP EVENTS, PRIMARILY FIRST SATURDAY, ATTRACTS ABOUT 150,000 PEOPLE TO DOWNTOWN FREDERICK EACH YEAR. ALIVE @ 5 BROUGHT IN OVER 18,000 FOR FY22.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Norman Executive Director | Officer | 40 | $112,604 |
Carla Clarke President | OfficerTrustee | 2 | $0 |
Derek Mcgee Vice-President | OfficerTrustee | 2 | $0 |
Chris Smariga Treasurer | OfficerTrustee | 2 | $0 |
Sean Norris Director | Trustee | 2 | $0 |
Kelly Russell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $478,457 |
| All other contributions, gifts, grants, and similar amounts not included above | $507,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $985,503 |
| Total Program Service Revenue | $898,370 |
| Investment income | $3,104 |
| 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 | $1,886,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,124 |
| 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. | $123,584 |
| Compensation of current officers, directors, key employees. | $13,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,478 |
| Pension plan accruals and contributions | $1,573 |
| Other employee benefits | $35,241 |
| Payroll taxes | $25,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $734,580 |
| Office expenses | $27,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,226 |
| All other expenses | $2,668 |
| Total functional expenses | $1,588,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,234 |
| Savings and temporary cash investments | $21,535 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $55,278 |
| 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 | $851 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $188,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,900 |
| Total assets | $872,572 |
| Accounts payable and accrued expenses | $135,754 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $139,254 |
| Net assets without donor restrictions | $607,228 |
| Net assets with donor restrictions | $126,090 |
| 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 | $872,572 |
Grants Awarded
Over the last fiscal year, Downtown Frederick Partnership Inc has awarded $73,124 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FERGUSON PROPERTIES LLC PURPOSE: FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE SPRINKLER SYSTEM | $21,729 |
SOMA INVESTMENTS LLC PURPOSE: FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS. FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE INTERIOR OF RETAIL SPACES | $14,000 |
FREDERICK STRENGTH AND CONDITIONING PURPOSE: FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS | $10,000 |
SADIE LLC PURPOSE: FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS | $7,357 |
10 CLARKE PLACE PURPOSE: FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS | $6,838 |
FREDERICKTOWNE PROPERTY LLC PURPOSE: FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS | $6,750 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Downtown Frederick Partnership Inc has recieved totaling $311,495.
| Awarding Organization | Amount |
|---|---|
Tourism Council Of Frederick County Inc Frederick, MD PURPOSE: TRIPP ADVERTISING & MAIN STREET PROGRAMS | $165,218 |
Delaplaine Foundation Inc Frederick, MD PURPOSE: MUSIC SERIES | $47,000 |
The Ausherman Family Trust Frederick, MD PURPOSE: SATURDAY PROFILE STUDY & CARROLL CREEK PARK | $40,000 |
Ausherman Family Foundation Inc Frederick, MD PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $33,750 |
Joseph D Baker Fund Inc Frederick, MD PURPOSE: CHARITABLE USE | $15,000 |
William E Cross Foundation Inc Frederick, MD PURPOSE: FOR PROGRAM SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harrison Rural Electrification Association Inc Bridgeport, WV | $39,716,529 | $14,386,396 |
Virginia Organizing Inc Charlottesville, VA | $8,195,944 | $10,817,973 |
Spanish American Civic Association For Equality Inc Lancaster, PA | $3,870,631 | $8,827,092 |
Coalition Against Electricity Deregulation Inc Washington, DC | $487,186 | $8,246,247 |
American Exceptionalism Institute Inc Arlington, VA | $932,684 | $8,055,400 |
National Coalition For Asian Pacific American Community Dev Washington, DC | $6,392,194 | $8,381,016 |
Rural Cellular Association Washington, DC | $3,010,489 | $4,499,751 |
Pennsylvania Rural Electric Assoc Harrisburg, PA | $2,337,852 | $4,606,290 |
Neighborhood Housing Services Of Baltimore Inc Baltimore, MD | $24,650,096 | $5,559,716 |
Peterson Family Foundation Fairfax, VA | $10,465,952 | $6,659,097 |
Pennsylvania Rural Water Assn Bellefonte, PA | $3,869,851 | $3,373,669 |
Community Forklift Edmonston, MD | $1,775,314 | $3,254,710 |