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 7 years, the organization has seen revenues fall by an average of (3.5%) 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 (3.9%) per year over the past 7 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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kate Borders Executive Director/president | Officer | 40 | $175,646 |
Adam Jones Deputy Director | 40 | $147,770 | |
Charles Goffnett Past Chair | OfficerTrustee | 1 | $0 |
Nancy Baker Chair | OfficerTrustee | 1 | $0 |
Eric Sather Vice Chair | OfficerTrustee | 1 | $0 |
Julian Wright Treasurer | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Block By Block Security Services | 6/29/22 | $663,361 |
Ips Group Parking Meter Service | 6/29/22 | $115,092 |
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 |
Organization Name | Assets | Revenue |
---|---|---|
Dolores C Huerta Foundation Bakersfield, CA | $20,057,715 | $6,823,664 |
San Francisco Market Corporation San Francisco, CA | $53,213,177 | $7,265,361 |
Aspiration San Francisco, CA | $3,385,180 | $5,191,840 |
Next Concept Hr Association Formerly Northern Ca Human Resources San Francisco, CA | $0 | $2,714,009 |
Downtown Tempe Authority Inc Tempe, AZ | $3,491,952 | $3,042,031 |
Metro Volunteers Denver, CO | $753,333 | $2,389,209 |
Storage Networking Industry Association Santa Clara, CA | $4,671,781 | $2,527,837 |
Tourism Fiji El Segundo, CA | $2,680,303 | $1,979,513 |
Aqua Maintenance Corporation Long Beach, CA | $2,561,204 | $1,812,473 |
Groundwork Denver Incorporated Denver, CO | $1,821,645 | $2,182,406 |
Woodwork Institute Of California Sacramento, CA | $1,605,865 | $1,924,062 |
Rhs Corp Redlands, CA | $14,072,207 | $550,428 |