Sacramento Downtown Partnership Inc
- Assets
- $4.9m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 84
- Location
- Sacramento, CA
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 68-0270320
Organization Overview
Sacramento Downtown Partnership Inc is located in Sacramento, CA. The organization was established in 1993. 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, Sacramento Downtown Partnership Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento 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 12/2022, Sacramento Downtown Partnership Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. While expenses have increased by 6.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SACRAMENTO DOWNTOWN PARTNERSHIP IS TO ESTABLISH DOWNTOWN SACRAMENTO AS THE VIBRANT BUSINESS, CULTURAL AND ENTERTAINMENT DESTINATION IN THE SACRAMENTO REGION THROUGH EFFECTIVE PRIVATE-PUBLIC COLLABORATION TO BENEFIT RESIDENTS, VISITORS AND INVESTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY: THE GOAL OF THE PARTNERSHIP'S SAFETY PROGRAM IS TO PROVIDE A SAFE AND SECURE ENVIRONMENT FOR DOWNTOWN BUSINESSES, PATRONS AND VISITORS WHILE SUPPORTING LAW ENFORCEMENT AGENCIES AND STAKEHOLDERS IN OVERALL CRIME PREVENTION. PRIMARY ELEMENTS CONSIST OF COMMUNITY SERVICE GUIDES, DOWNTOWN COMMUNITY PROSECUTOR AND NAVIGATOR PROGRAMS. TOGETHER, THESE PROGRAMS SERVICE THE 66 BLOCK AREA SEVEN DAYS A WEEK IN AN EFFORT TO REDUCE REAL AND PERCEIVED CRIME, ASSIST VISITORS AND IDENTIFY SOLUTIONS TO END CHRONIC HOMELESSNESS.
MAINTENANCE: THE CLEAN STREETS TEAM ENHANCES THE ATTRACTIVENESS OF DOWNTOWN BY RESPONDING TO ON-CALL MAINTENANCE ISSUES, PROVIDING REGULAR SIDEWALK AND ALLEY MAINTENANCE AND REMOVING GRAFFITI AS NEEDED. THE PROGRAM OPERATES SEVEN DAYS A WEEK.
MARKETING AND SPECIAL EVENTS: THE PARTNERSHIP FOCUSES ON ATTRACTING PATRONS AND VISITORS DOWNTOWN THROUGH MARKETING, PROMOTIONS AND SPECIAL EVENTS. YEAR-ROUND ACTIVITIES INCLUDE COOPERATIVE MARKETING CAMPAIGNS, BUSINESSES SPECIFIC PROMOTIONS, SEASONAL CELEBRATIONS, PRODUCTION AND ADMINISTRATION OF FRIDAY NIGHT CONCERTS IN THE PARK, FARMERS MARKETS, THE HOLIDAY ICE RINK, DINE DOWNTOWN, ASSISTING IN THE DEVELOPMENT OF NON-DSP EVENTS AND THE DEVELOPMENT AND DISTRIBUTIONS OF MARKETING MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ault Executive Director | Officer | 40 | $283,316 |
Danielle Biller Deputy Director | 40 | $170,808 | |
Denton Kelley Executive Officer,chair | OfficerTrustee | 1 | $0 |
Kipp Blewett Executive Officer,vice Chair | OfficerTrustee | 1 | $0 |
Randy Koss Executive Officer,past Chair | OfficerTrustee | 1 | $0 |
Angelo G Tsakopoulas Executive Officer, Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Us-park Tower Llc Occupancy | 12/30/20 | $195,523 |
Hiltachk Marketing Group Marketing | 12/30/20 | $166,302 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,187,691 |
| Investment income | $7,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,037 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,194,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $346,491 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,406,462 |
| Pension plan accruals and contributions | $45,659 |
| Other employee benefits | $346,206 |
| Payroll taxes | $213,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,000 |
| Fees for services: Accounting | $58,977 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $349,035 |
| Advertising and promotion | $114,084 |
| Office expenses | $692,556 |
| Information technology | $79,955 |
| Royalties | $0 |
| Occupancy | $299,148 |
| Travel | $40,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,761 |
| Insurance | $125,230 |
| All other expenses | $0 |
| Total functional expenses | $7,018,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,670 |
| Savings and temporary cash investments | $1,787,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $647,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,487 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,795 |
| Net Land, buildings, and equipment | $452,846 |
| Investments—publicly traded securities | $338,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $859,245 |
| Total assets | $4,868,825 |
| Accounts payable and accrued expenses | $919,805 |
| Grants payable | $0 |
| Deferred revenue | $98,331 |
| 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 | $945,276 |
| Total liabilities | $1,963,412 |
| Net assets without donor restrictions | $1,536,921 |
| Net assets with donor restrictions | $1,368,492 |
| 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 | $4,868,825 |
Grants Awarded
Over the last fiscal year, Sacramento Downtown Partnership Inc has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN SACRAMENTO FOUNDATION PURPOSE: ICONIC SIGN SUPPORT | $25,000 |
SACRAMENTO SELF-HELP HOUSING PURPOSE: AID HOMELESS | $50,000 |