Downtown Partnership
- Assets
- $519.4k
- Revenue
- $750.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Little Rock, AR
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 71-0602465
Organization Overview
Downtown Partnership is located in Little Rock, AR. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Downtown Partnership employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Partnership 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 12/2022, Downtown Partnership generated $750.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $714.5k during the year ending 12/2022. While expenses have increased by 6.1% 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
DOWNTOWN LITTLE ROCK PARTNERSHIP IS A NONPROFIT ORGANIZATION REPRESENTING ITS MEMBERS IN PURSUIT OF A REMARKABLE URBAN EXPERIENCE FOR ALL WHO LIVE, WORK, PLAY AND INVEST IN DOWNTOWN LITTLE ROCK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN DEVELOPMENT - TO STIMULATE AND ENCOURAGE THE MODERNIZATION AND DEVELOPMENT OF THE CENTRAL BUSINESS DISTRICT OF THE CITY OF LITTLE ROCK, AR, IN ORDER TO PREVENT URBAN BLIGHT AND DECAY, REDUCE UNSAFE AND UNSANITARY CONDITIONS FOR THE BENEFIT OF THE GENERAL PUBLIC. THE COMPANY CREATED A MAIN STREET REVITALIZATION COMMITTEE TO ASSIST WITH 'TURNING THE CORNER ON MAIN STREET'. THE COMMITTEE PARTNERED WITH THE CITY OF LITTLE ROCK IN THE REVITALIZATION EFFORTS. EARLY SUCCESSES HAVE INCLUDED THE ANNOUNCEMENT OF RENOVATIONS TO THE BUILDING AT 315 MAIN STREET FOR A JAZZ CAFE AND BAR, AND APARTMENTS, A SECURITY CAMERA AT THE CORNER OF 3RD AND MAIN, AND THE COMPLETION OF STREETSCAPE ALTERATIONS AT THE REPERTORY THEATRE.LEADERSHIP, ADVOCACY, AND FUNDRAISING ASSISTANCE FOR MCARTHUR PARK GROUP'S DEVELOPMENT OF A MASTER PLAN TO UPGRADE HISTORIC MCARTHUR PARK TO A 'CLASS A' PARK DESIGNATION AS WELL AS BETTER INTEGRATION OF THE PARK WITH IT'S HISTORIC NEIGHBORHOOD IN AN URBAN SETTING. THE GROUP HAS ALSO DEVELOPED THE MUSEUM ART AND HERITAGE (WALKING) TRAIL AND THE ACCOMPANYING AWARD WINNING ARKANSAS POLITICAL HISTORY AUDIO TOUR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabe Holmstrom Executive Director | OfficerTrustee | 40 | $144,292 |
Carol Worley President | OfficerTrustee | 0 | $0 |
David Sargent Vice President | OfficerTrustee | 0 | $0 |
Pattie Davidson Treasurer | OfficerTrustee | 0 | $0 |
Brent Birch Past President | OfficerTrustee | 0 | $0 |
Chris East At Large | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $71,760 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $370,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,508 |
| Total Program Service Revenue | $106,255 |
| Investment income | $739 |
| 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 | $750,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,775 |
| 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. | $161,394 |
| Compensation of current officers, directors, key employees. | $32,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,471 |
| Pension plan accruals and contributions | $2,983 |
| Other employee benefits | $21,853 |
| Payroll taxes | $25,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,278 |
| Fees for services: Accounting | $5,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,149 |
| Advertising and promotion | $70,961 |
| Office expenses | $6,398 |
| Information technology | $1,569 |
| Royalties | $0 |
| Occupancy | $5,708 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,286 |
| Interest | $1,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,395 |
| All other expenses | $0 |
| Total functional expenses | $714,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,789 |
| Savings and temporary cash investments | $264,731 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,781 |
| Total assets | $519,430 |
| Accounts payable and accrued expenses | $0 |
| 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 | $203,719 |
| Total liabilities | $203,719 |
| Net assets without donor restrictions | $266,664 |
| Net assets with donor restrictions | $49,047 |
| 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 | $519,430 |