Downtown Austin Development Corporation
- Assets
- $427.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/1998
- Data as of
- 04/2022
- EIN
- 74-2862219
Organization Overview
Downtown Austin Development Corporation is located in Austin, TX. The organization was established in 1998. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Austin Development Corporation 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 04/2022, Downtown Austin Development Corporation generated $140.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $51.6k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION'S MISSION IS TO IGNITE THE POTENTIAL OF DOWNTOWN-THROUGH ART AND CREATIVE SPACES THAT CAPTURE THE SPIRIT OF AUSTIN-BY AND FOR EVERYONE. THE FOUNDATION IS CHARGED WITH IMPLEMENTING KEY PROJECTS THAT SUPPORT THE DOWNTOWN ALLIANCE'S VISION. THAT INCLUDES HOLDING THE MANAGEMENT CONTRACT TO OPERATE, PROGRAM AND FUND REPUBLIC SQUARE, AS WELL AS LEADING PLACE-BASED ACTIVATIONS AND INITIATIVES DOWNTOWN AS OUTLINED IN THE ROADMAP TO RECOVERY AND RESILIENCE. THE FOUNDATION PARTNERED WITH BLUE STARLITE MINI URBAN DRIVE-IN AND THE TEXAS FACILITIES COMMISSION TO HOST A COVID-FRIENDLY DOWNTOWN DRIVE-IN MOVIE THEATER EVERY WEEKEND OF THE YEAR. SCREENINGS TAKE PLACE THURSDAY-SATURDAY NIGHTS ON THE ROOFTOP OF 300 SAN ANTONIO STREET. THE DRIVE-IN FORMAT WAS ALSO USED TO HOST OTHER CREATIVE COMMUNITY EVENTS SUCH AS SLAM POETRY NIGHTS. SHOP THE BLOCK THE FOUNDATION PARTNERED WITH THE BUSINESSES ON THE 600 BLOCK OF CONGRESS THROUGH A NEW CITY OF AUSTIN PROGRAM TO REINVIGORATE DOWNTOWN. THE PROGRAM HELPED BUSINESSES AND RESTAURANTS ACTIVATE THEIR SIDEWALKS AND OUTDOOR AREAS THROUGH SOCIALLY DISTANCED DINING AREAS, MUSIC AND PROGRAMMING.IN ADDITION TO COMMISSIONING MURALS, DURING THE FISCAL YEAR THE FOUNDATION LAUNCHED A MURAL TOUR BIKE RIDE, SHOWCASING A CURATED COLLECTION OF INSPIRATIONAL AND ICONIC MURALS IN AND AROUND DOWNTOWN. IN ADDITION, REPUBLIC SQUARE WAS ACTIVATED WITH A WEEKLY FARMER'S MARKET AS WELL AS A DIVERSE ARRAY OF OTHER CULTURALAND COMMUNITY-FOCUSED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Brown Chair | 1 | $0 | |
Dewitt Peart Secretary | 1 | $0 | |
Molly Alexander Executive Director | 10 | $0 | |
Jenny Wiebrand Director | 1 | $0 | |
Nick Moulinet Director | 1 | $0 | |
Raasin Micintosh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,617 |
| Total Program Service Revenue | $59,940 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,557 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $50,101 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $231 |
| Total expenses | $51,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $316,816 |
| Other assets | $0 |
| Total assets | $427,920 |
| Total liabilities | $27,887 |
| Net assets or fund balances | $400,033 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Austin Development Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenwood Forest Fund Inc Houston, TX | $1,412,340 | $1,023,038 |
Illinois No 3 Foundation Artesia, NM | $14,230,230 | $1,464,668 |
Environmental Fund For Texas Austin, TX | $1,616,031 | $871,971 |
A Rocha Usa Inc Fredricksburg, TX | $336,734 | $827,733 |
Friends Of The Colorado River Foundation Inc Austin, TX | $564,261 | $653,928 |
Cca Texas Fund Houston, TX | $12,703,786 | $347,563 |
Great Outdoors Fund Dallas, TX | $73,389 | $230,171 |
Vaterstetten Foundation Santa Fe, NM | $808,613 | $499 |
Society For Serengeti Ecosystem Conservation Houston, TX | $18,215 | $0 |
Trust U-W William Brigham Dallas, TX | $0 | $43,500 |
Wichita Falls Streams And Valleys Inc Wichita Falls, TX | $146,596 | $0 |
Louisiana Forestry Foundation Alexandria, LA | $3,421,510 | $431,466 |