Downtown Tempe Authority Inc

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 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.

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)Compensation
Kate Borders
Executive Director/president
$175,646
Adam Jones
Deputy Director
$147,770
Charles Goffnett
Past Chair
$0
Nancy Baker
Chair
$0
Eric Sather
Vice Chair
$0
Julian Wright
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Block By Block
Security Services
$663,361
Ips Group
Parking Meter Service
$115,092
View All Vendors

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

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