Downtown Phoenix Inc
- Assets
- $3.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 69
- Location
- Phoenix, AZ
- Founding
- 09/1991
- Data as of
- 12/2023
- EIN
- 86-0673650
Organization Overview
Downtown Phoenix Inc is located in Phoenix, AZ. The organization was established in 1991. 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 12/2023, Downtown Phoenix Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Phoenix Inc 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 12/2023, Downtown Phoenix Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ENHANCED SERVICES TO THE DOWNTOWN PHOENIX CORE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREETSCAPE AND URBAN DESIGN: TO MAINTAIN THE DISTRICTS LANDSCAPE AND PEDESTRIAN AMENITIES. COORDINATION TO CREATE PEDESTRIAN FRIENDLY EXPERIENCE AND A UNIQUE IDENTITY FOR DOWNTOWN PHOENIX.STREETSCAPE MAINTENANCE: INCLUDES TREE MAINTENANCE AND REPLACEMENT, MAINTENANCE OF THE IRRIGATION SYSTEM FROM THE GROUND UP.SPECIAL PROJECTS: ADVISORY GROUP REPRESENTING ALL DOWNTOWN INTEREST, PROVIDES STREET ENTERTAINMENT AND LIVE MUSIC EACH MONTH DURING THE FIRST FRIDAY AND ART WALK TO PROMOTE TRAFFIC TO ESTABLISHMENTS.
MARKETING: TO PROVIDE A BUSINESS DIRECTORY, DINING GUIDE, CALENDAR OF EVENTS AND QUARTERLY NEWSPAPER TO THE PUBLIC. PROVIDE A FORUM FOR MERCHANTS TO DISCUSS COMMON ISSUES AND DEVELOP SPECIAL PROMOTIONS AND EVENTS.
BUSINESS DEVELOPMENT: ECONOMIC DEVELOPMENT WITHIN THE BUSINESS IMPROVEMENT DISTRICT. WE WORK WITH DEVELOPERS TO FIND AVAILABLE PROPERTIES, BROKERS TO IDENTIFY AVAILABLE OFFICE/TENANT SPACES AND INCREASE BUSINESS AND RESIDENTIAL OCCUPANCY IN THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ebert Chair | OfficerTrustee | 1 | $0 |
Diane Haller Vice Chair | OfficerTrustee | 1 | $0 |
Heather Kane Vice Chair | OfficerTrustee | 1 | $0 |
Ken Van Winklejr Secretary | OfficerTrustee | 1 | $0 |
Stacy Derstine Treasurer | OfficerTrustee | 1 | $0 |
Cindy Dach Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $470,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,556,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,144,173 |
| Total Program Service Revenue | $375,376 |
| Investment income | $4,524 |
| 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 | $5,524,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $248,114 |
| Compensation of current officers, directors, key employees. | $15,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,473,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $434,465 |
| Payroll taxes | $228,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,117 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $819,661 |
| Advertising and promotion | $178,564 |
| Office expenses | $235,279 |
| Information technology | $178,323 |
| Royalties | $0 |
| Occupancy | $351,756 |
| Travel | $15,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,333 |
| Insurance | $0 |
| All other expenses | $94,545 |
| Total functional expenses | $5,345,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,337,649 |
| Savings and temporary cash investments | $205,904 |
| Pledges and grants receivable | $293,094 |
| Accounts receivable, net | $1,218,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,979 |
| Prepaid expenses and deferred charges | $58,650 |
| Net Land, buildings, and equipment | $267,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,420,717 |
| Accounts payable and accrued expenses | $42,003 |
| 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 | $1,095,422 |
| Total liabilities | $1,137,425 |
| Net assets without donor restrictions | $2,283,292 |
| 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 | $3,420,717 |