Skip to content
Nonprofiteer
← DOWNTOWN AUSTIN DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by DOWNTOWN AUSTIN DEVELOPMENT CORPORATION.

Totals

Total revenue
$430,787
Total expenses
$139,140
Contributions and grants received
$373,105
Grants paid
$70,000
Program service revenue
$57,682
Investment income
$0
Other revenue
$0
Total assets, end of year
$692,808
Total liabilities, end of year
$1,128
Net assets or fund balances, end of year
$691,680
Program services expenses (Part IX)
$137,904
Management and general expenses
$1,236
Fundraising expenses
$0
Program service expenses (Part III)
$137,904

Program services were 99.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $373,105

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Place making activation and events

    total $57,682 · related or exempt $57,682 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,000 · program services $70,000

  • 11g · Fees: other

    total $54,745 · program services $54,745 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,587 · program services $1,551 · management and general $36

  • 14 · Information technology

    total $2,816 · program services $2,667 · management and general $149 · fundraising $0

  • 17 · Travel

    total $8,949 · program services $8,941 · management and general $8

  • 19 · Conferences, conventions and meetings

    total $976 · management and general $976

  • 21 · Payments to affiliates

    total $0

  • 23 · Insurance

    total $67 · management and general $67

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $316,816 · end of year $412,510

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $269,965

  • 4 · Accounts receivable

    beginning of year $61,104 · end of year $5,000

  • 9 · Prepaid expenses and deferred charges

    end of year $5,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,887 · end of year $1,128

  • 27 · Net assets without donor restrictions

    beginning of year $400,033 · end of year $421,715

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $269,965

Mission and programs · 2022

Mission

To enhance the downtown area of Austin, Texas, and to support and implement the Downtown Vision of the Austin DMO, Inc. d.b.a. Downtown Austin Alliance and implement services and projects benficial to Downtown Austin, including parks improvement projects and other large scale projects.

Activities or mission (Part I)

To enhance the downtown area of Austin, Texas, and to support and implement the Downtown Vision of the Austin DMO, Inc d.b.a Downtown Austin Alliance and implement services and projects beneficial to Downtown Austin, including parks improvement projects and other large scale projects.

  • The Foundation's mission is to ignite the potential of downtown-through art and creative spaces that capture the spirit of Austin-by and for everyone. The Foundation is charged with implementing key projects that support the Downtown Alliance's vision. That includes holding the management contract to operate, program and fund Republic Square, as well as leading place-based activations and initiatives downtown as outlined in the Roadmap to Recovery and Resilience. The Foundation partnered with Blue Starlite Mini Urban Drive-in and the Texas Facilities Commission to host a COVID-friendly downtown drive-in movie theater every weekend of the year. Screenings take place Thursday-Saturday nights on the rooftop of 300 San Antonio Street. The drive-in format was also used to host other creative community events such as slam poetry nights. In addition to commissioning murals, during the fiscal year the Foundation launched a mural art and park tour bike ride, showcasing a curated collection of inspirational and iconic murals in and around downtown. In addition, Republic Square was activated with a weekly farmer's market as well as a diverse array of other culturaland community-focused events.

    Expenses $137,904 · Grants $70,000 · Revenue $57,682

As filed on the 2022 return.

Listed in Part VII

  • Kevin Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jenny Wiebrand

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dewitt Peart

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Saul Paul

    Director

    Total calculated
    $0
    Hours/week
    1

  • Xavier Pena

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andy Austin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nick Moulinet

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Molly Alexander

    Executive Director

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202420759349301032

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.