Downtown Tempe Authority Inc
- Assets
- $3.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Tempe, AZ
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 86-0745130
Organization Overview
Downtown Tempe Authority Inc is located in Tempe, AZ. The organization was established in 1995. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Downtown Tempe Authority Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Tempe Authority 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 06/2022, Downtown Tempe Authority Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 4 years. 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
THE DOWNTOWN TEMPE AUTHORITY (DTA) SHALL ACT AS A VEHICLE TO POSITIVELY IMPACT AND DRIVE THE FUTURE OF OUR CITY'S URBAN CENTER AND BE A STEWARD OF THE EXISTING ASSETS AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DTA'S MAIN FOCUSES INCLUDE: - KEEPING DOWNTOWN CLEAN - KEEPING DOWNTOWN SAFE - MARKETING DOWNTOWN AND PROMOTING BUSINESSES - PRODUCING EVENTS AND SPACE BEAUTIFICATION - MANAGING PARKING WITHIN DOWNTOWN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Borders Executive Director/president | Officer | 40 | $175,646 |
Adam Jones Deputy Director | 40 | $147,770 | |
Nancy Baker Chair | OfficerTrustee | 1 | $0 |
Charles Goffnett Past Chair | OfficerTrustee | 1 | $0 |
Eric Sather Vice Chair | OfficerTrustee | 1 | $0 |
Julian Wright Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ips Group Parking Meter Service | 6/29/22 | $115,092 |
Block By Block Security Services | 6/29/22 | $663,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $424,609 |
| 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 | $424,609 |
| Total Program Service Revenue | $2,617,422 |
| Investment income | $0 |
| 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 | $3,042,031 |
| 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. | $194,010 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $571,613 |
| Pension plan accruals and contributions | $17,283 |
| Other employee benefits | $78,220 |
| Payroll taxes | $54,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,737 |
| Fees for services: Accounting | $66,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253 |
| Advertising and promotion | $118,915 |
| Office expenses | $48,680 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,276 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,769 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,671 |
| Insurance | $127,338 |
| All other expenses | $0 |
| Total functional expenses | $2,559,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,025,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,062 |
| 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 | $336,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,128,439 |
| Total assets | $3,491,952 |
| Accounts payable and accrued expenses | $155,192 |
| Grants payable | $0 |
| Deferred revenue | $6,653 |
| 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 | $237,339 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,221,293 |
| Total liabilities | $2,620,477 |
| Net assets without donor restrictions | $821,475 |
| Net assets with donor restrictions | $50,000 |
| 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 | $3,491,952 |