Downtown Dallas Inc
- Assets
- $11.3m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 132
- Location
- Dallas, TX
- Founding
- 02/1958
- Data as of
- 12/2022
- EIN
- 75-0983855
Organization Overview
Downtown Dallas Inc is located in Dallas, TX. The organization was established in 1958. 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 Dallas Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Dallas 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, Downtown Dallas Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $10.8m during the year ending 12/2022. While expenses have increased by 18.6% 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.
Since 2019, Downtown Dallas Inc has awarded 36 individual grants totaling $1,606,473. 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 DALLAS, INC. IS THE PRINCIPAL ADVOCATE AND CHAMPION OF DOWNTOWN, ENSURING THAT DOWNTOWN GROWS AS A VIBRANT CENTER OF URBAN LIFE, RECOGNIZED LOCALLY AND GLOBALLY FOR THE QUALITY OF ITS BUSINESS, HOSPITALITY, ENTERTAINMENT, LIVING, AND CULTURAL ENVIRONMENTS. THIS IS ACCOMPLISHED BY SETTING TARGETS AND MOBILIZING RESOURCES THAT STIMULATE A VIBRANT AND SUSTAINABLE ENVIRONMENT, IMPROVE INFRASTRUCTURE, ENHANCE ECONOMIC COMPETITIVENESS, CREATE A CULTURALLY INCLUSIVE URBAN CENTER, POSITION THE AREA AS A GLOBAL DESTINATION, AND, FOSTER INNOVATION AND TECHNOLOGY IN ALL ASPECTS OF THE URBAN EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN DALLAS, INC. IS THE PRINCIPAL ADVOCATE AND CHAMPION OF DOWNTOWN, ENSURING THAT DOWNTOWN GROWS AS A VIBRANT CENTER OF URBAN LIFE, RECOGNIZED LOCALLY AND GLOBALLY FOR THE QUALITY OF ITS BUSINESS, HOSPITALITY, ENTERTAINMENT, LIVING, AND CULTURAL ENVIRONMENTS. THIS IS ACCOMPLISHED BY SETTING TARGETS AND MOBILIZING RESOURCES THAT STIMULATE A VIBRANT AND SUSTAINABLE ENVIRONMENT, IMPROVE INFRASTRUCTURE, ENHANCE ECONOMIC COMPETITIVENESS, CREATE A CULTURALLY INCLUSIVE URBAN CENTER, POSITION THE AREA AS A GLOBAL DESTINATION, AND, FOSTER INNOVATION AND TECHNOLOGY IN ALL ASPECTS OF THE URBAN EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Tharp Int. Pres & CEO | Officer | 39 | $327,698 |
Jennifer Scripps-From 42022 President & CEO | OfficerTrustee | 39 | $311,209 |
Scott B Goldstein Chief-Ext Aff. | 40 | $207,845 | |
Dustin Bullard Evp, Economic Dev. | 40 | $216,064 | |
Shalissa Perry Chief Marketing Of | 40 | $164,531 | |
Michael Graham Vp-Finance | 39 | $140,598 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ldww Group Public Relations | 12/30/22 | $358,500 |
Elite Striping Inc Road Striping | 12/30/22 | $110,649 |
Cube84 Inc Software | 12/30/22 | $106,200 |
Task Pressure Washing Pressure Washing | 12/30/22 | $157,115 |
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 | $10,805,996 |
| Investment income | $45,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$100,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,765,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $253,272 |
| 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. | $697,176 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,586,850 |
| Pension plan accruals and contributions | $167,791 |
| Other employee benefits | $625,744 |
| Payroll taxes | $396,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,166 |
| Fees for services: Accounting | $34,683 |
| Fees for services: Lobbying | $100,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $506,877 |
| Advertising and promotion | $604,868 |
| Office expenses | $71,748 |
| Information technology | $76,327 |
| Royalties | $0 |
| Occupancy | $232,411 |
| Travel | $42,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,497 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,487 |
| Insurance | $133,196 |
| All other expenses | $127,923 |
| Total functional expenses | $10,830,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995,249 |
| Savings and temporary cash investments | $5,099,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $80,104 |
| Net Land, buildings, and equipment | $1,337,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,821,752 |
| Total assets | $11,334,217 |
| Accounts payable and accrued expenses | $314,446 |
| Grants payable | $0 |
| Deferred revenue | $502,088 |
| 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 | $3,823,040 |
| Total liabilities | $4,639,574 |
| Net assets without donor restrictions | $6,694,643 |
| Net assets with donor restrictions | $0 |
| 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 | $11,334,217 |
Grants Awarded
Over the last fiscal year, Downtown Dallas Inc has awarded $253,272 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
1412 MAIN STREET LLC PURPOSE: AWNING INSTALLATION | $20,156 |
1600 PACIFIC LANDLORD LLC PURPOSE: REPAIRS AT HILTON GARDEN INN | $8,250 |
CHIMALMA TACO BAR CO PURPOSE: PARKLET REIMBURSEMENT | $18,525 |
DALLAS COUNTY HISTORICAL FOUN PURPOSE: LANDSCAPE IMPROVEMENTS | $19,638 |
DALLAS BLACK DANCE THEATRE PURPOSE: WINTER STORM RECOVERY | $18,808 |
FM CITY PARK LLC PURPOSE: LANDSCAPE IMPROVEMENTS | $14,549 |