Downtown Alliance Inc
- Assets
- $1.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 12/1991
- Data as of
- 06/2022
- EIN
- 87-0488670
Organization Overview
Downtown Alliance Inc is located in Salt Lake City, UT. The organization was established in 1991. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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 Alliance 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 Alliance Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 7 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.
Since 2015, Downtown Alliance Inc has awarded 24 individual grants totaling $1,814,100. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A DYNAMIC, SAFE, AND DIVERSE DOWNTOWN SALT LAKE CITY COMMUNITY THAT IS THE REGIONAL CENTER FOR CULTURE, COMMERCE, AND ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SAFETY: IS A PROGRAM WHERE UNIFORMED STREET AMBASSADORS PATROL THE DOWNTOWN AREA IN PAIRS. THEY HELP TO MITIGATE HOMELESS ISSUES, ASSIST TOURISTS, AND PERFORM OTHER DUTIES THAT HELP KEEP THE DOWNTOWN AND OTHER DESIGNATED AREAS SAFE, CLEAN, AND VIABLE FOR BUSINESSES AND RESIDENTS AS WELL AS A ROBUST WORK ENVIRONMENT AND ENTERTAINMENT CENTER FOR THE PUBLIC IN GENERAL.
TO PROMOTE ECONOMIC DEVELOPMENT IN OWNTOWN SALT LAKE CITY
ECONOMIC DEVELPMENT: INCLUDES THE DISTRIBUTION OF ECONOMIC DEVELOPMENT MATERIALS, PROFILES AND BENCHMARK STUDIES. IT ALSO PROVIDES CONSTRUCITON MITIGATION BY COORDINATING BUILDING DEVELOPMENT AND TRANSPORTATION PROJECTS WITH LOCAL BUSINESSES AND COMMUNITIES TO HELP LESSEN THE IMPACT OF ALTERED TRAFFIC PATTERNS, TIMING OF CLOSURES, AND ANY OTHER EFFECTS OF A GROWING DOWNTOWN. OTHER EFFORTS INCLUDE PROMOTIONAL PROCHURES, ATTENDANCE OF CONFERENCES AND SEMINARS, AND VARIOUS MARKETING CAMPAIGNS.
COMMUNITY RELATIONS: IS A PROGRAM THAT PROVIDES EVENTS AND PROMOTIONS THAT HIGHLIGHT DOWNTOWN CULTURE AND LIFESTYLE. THESE INCLUDE EVENTS SUCH AS "OPEN STREETS," AN EVENT OCCURING ON MULTIPLE WEEKENDS THROUGHOUT THE SUMMER, CLOSING MAIN STREET TO AUTOMOBILE TRAFFIC AND ENCOURAGING AN OPEN WALKING MALL WITH MUSICIANS, ARTISTS AND STREET PERFORMERS. ENABLING AND ENCOURAGING LOCAL RETAILERS AND RESTAURANTS TO HAVE A STREET PRESENCE PROVIDING DINING, SIDEWALK SALES, AND THE LIKE. COMMUNITY RELATIONS ALSO PROMOTES AND SUPPORTS ALL OTHER ARTS AND CULTURAL EVENTS IN THE DOWNTOWN AREA, SUCH AS ARTS FESTIVALS, CONCERTS, AND MARKETING CAMPAIGNS TARGETING CULTURAL AND COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Miller President & | Officer | 10 | $0 |
Dee Brewer Executive Di | OfficerTrustee | 40 | $0 |
Kim Abrams Board Chair | Trustee | 2 | $0 |
Lloyd Allen Board Member | Trustee | 2 | $0 |
Bruce Bingham Board Member | Trustee | 2 | $0 |
Nate Boyer Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Block By Block | 6/29/22 | $936,159 |
Ez Sales | 6/29/22 | $165,278 |
Bandah | 6/29/22 | $160,000 |
Kane Llc | 6/29/22 | $120,227 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $28,023 |
| Government grants | $2,106,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $575,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,710,304 |
| Total Program Service Revenue | $249,442 |
| Investment income | $19 |
| 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 | $2,960,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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. | $220,044 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,499 |
| Pension plan accruals and contributions | $11,510 |
| Other employee benefits | $64,895 |
| Payroll taxes | $38,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,244,513 |
| Advertising and promotion | $45,226 |
| Office expenses | $40,310 |
| Information technology | $13,328 |
| Royalties | $0 |
| Occupancy | $125,289 |
| Travel | $36,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,795 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $740 |
| Insurance | $4,001 |
| All other expenses | $7,839 |
| Total functional expenses | $2,498,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $903,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $516,530 |
| 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 | $9,615 |
| Net Land, buildings, and equipment | $10,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,440,378 |
| Accounts payable and accrued expenses | $477,847 |
| Grants payable | $0 |
| Deferred revenue | $21,963 |
| 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 | $44,924 |
| Total liabilities | $544,734 |
| Net assets without donor restrictions | $895,644 |
| 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 | $1,440,378 |
Grants Awarded
Over the last fiscal year, Downtown Alliance Inc has awarded $186,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN FOOD CONNECTIONS OF UTAH PURPOSE: TO PROMOTE ECONOMIC DEVELOPMENT IN SLC | $45,000 |
DOWNTOWN SLC PRESENTS PURPOSE: TO PROMOTE ECONOMIC DEVELOPMENT IN SLC | $141,500 |