Tampa Downtown Partnership Inc
- Assets
- $1.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 42
- Location
- Tampa, FL
- Founding
- 05/1987
- Data as of
- 06/2021
- EIN
- 59-2688074
Organization Overview
Tampa Downtown Partnership Inc is located in Tampa, FL. The organization was established in 1987. 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 06/2021, Tampa Downtown Partnership Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Downtown Partnership 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 06/2021, Tampa Downtown Partnership Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. While expenses have increased by 9.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE STRATEGIC MISSION OF THE TAMPA DOWNTOWN PARTNERSHIP IS TO BE THE STEWARD OF DOWNTOWN TAMPA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL SERVICES DISTRICT: TAMPA DOWNTOWN PARTNERSHIP IS UNDER CONTRACT WITH THE CITY OF TAMPA TO BE RESPONSIBLE FOR PROVIDING CERTAIN SERVICES TO PROPERTY OWNERS WITHIN A SPECIFIC DESIGNATED AREA OF DOWNTOWN TAMPA. THE ORGANIZATION PROVIDES THESE SERVICES BY EXPENDING FUNDS IN ACCORDANCE WITH A BUDGET PROVIDED BY THE CITY. SERVICES ARE PROVIDED BY EMPLOYEES OF THE ORGANIZATION AND THROUGH OTHER THIRD PARTY CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Remund President And CEO | Officer | 40 | $139,325 |
Jin Liu Secretary | OfficerTrustee | 0.5 | $0 |
Abbey Dohring Ahern Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Kevin Plummer Immediate Past Chairperson | OfficerTrustee | 0.5 | $0 |
Jim Themides Chairperson | OfficerTrustee | 0.5 | $0 |
Tim Koletic Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $177,773 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,615 |
| Total Program Service Revenue | $3,242,737 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $400 |
| Net Income from Fundraising Events | $38,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,091,299 |
| 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. | $139,325 |
| Compensation of current officers, directors, key employees. | $139,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,369,108 |
| Pension plan accruals and contributions | $24,603 |
| Other employee benefits | $227,168 |
| Payroll taxes | $98,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,557 |
| Advertising and promotion | $1,500 |
| Office expenses | $37,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,696 |
| 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 | $33,524 |
| Insurance | $88,791 |
| All other expenses | $646,529 |
| Total functional expenses | $3,845,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $881,558 |
| Savings and temporary cash investments | $125,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $421,241 |
| 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 | $71,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,499,783 |
| Accounts payable and accrued expenses | $112,466 |
| Grants payable | $0 |
| Deferred revenue | $40,212 |
| 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 | $125,000 |
| Total liabilities | $277,678 |
| Net assets without donor restrictions | $1,147,113 |
| Net assets with donor restrictions | $74,992 |
| 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 | $1,499,783 |
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