Downtown Development Corp Of Tucson Az
- Assets
- $436.2k
- Revenue
- $43.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 08/1980
- Data as of
- 06/2023
- EIN
- 86-0372238
Organization Overview
Downtown Development Corp Of Tucson Az is located in Tucson, AZ. The organization was established in 1980. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Development Corp Of Tucson AZ 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 06/2023, Downtown Development Corp Of Tucson AZ generated $43.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.6% each year . All expenses for the organization totaled $217.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Downtown Development Corp Of Tucson AZ has awarded 13 individual grants totaling $189,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SEVEN CHARITABLE ORGANIZATIONS TO PROVIDE IMPROVEMENT IN THE EXPERIENCE OF LIVING IN DOWNTOWN TUCSON, ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darryl B Dobras Chairman Director | 0 | $0 | |
Helen Shaffer Director | 0 | $0 | |
Richard Imwalle Secretary Treasurer Director | 0 | $0 | |
Larry Hecker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,405 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,075 |
| Total operating and administrative expenses | $47,023 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $217,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $436,155 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $436,155 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Downtown Development Corp Of Tucson Az has awarded $170,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TUCSON YOUTH MUSIC CENTER PURPOSE: THE IMPROVEMENT OF THE EXPERIENCE IN LIVING IN DOWNTOWN TUCSON, ARIZONA. | $15,000 |
TUCSON SYMPHONY ORCHESTRA PURPOSE: THE IMPROVEMENT OF THE EXPERIENCE OF LIVING IN DOWNTOWN TUCSON, ARIZONA. | $25,000 |
FOX THEATER TUCSON PURPOSE: THE IMPROVEMENT OF THE EXPERIENCE OF LIVING IN DOWNTOWN TUCSON, ARIZONA. | $30,000 |
TUCSON MUSEUM OF CONTEMPORARY ART PURPOSE: THE IMPROVEMENT OF THE EXPERIENCE OF LIVING IN DOWNTOWN TUCSON, ARIZONA. | $25,000 |
TUCSON MUSEUM OF ART PURPOSE: THE IMPROVEMENT OF THE EXPERIENCE OF LIVING IN DOWNTOWN TUCSON, ARIZONA | $25,000 |
CHILDREN'S MUSEUM PURPOSE: THE IMPROVEMENT OF THE EXPERIENCE OF LIVING IN DOWNTOWN TUCSON, ARIZONA. | $25,000 |