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Nonprofiteer
← INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION

Form 990 for tax year 2024

Filed by INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION.

Totals

Total revenue
$2,012,614
Total expenses
$1,291,843
Contributions and grants received
$1,990,000
Grants paid
$1,111,075
Program service revenue
$0
Investment income
$22,614
Other revenue
$0
Total assets, end of year
$2,264,614
Total liabilities, end of year
$82,081
Net assets or fund balances, end of year
$2,182,533
Program services expenses (Part IX)
$1,273,875
Management and general expenses
$17,968
Fundraising expenses
$0
Program service expenses (Part III)
$1,273,875

Program services were 98.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,990,000

  • 3 · Investment income

    total $22,614 · excluded $22,614

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,111,075 · program services $1,111,075

  • 11a · Fees: management

    total $155,633 · program services $155,633

  • 11c · Fees: accounting

    total $21,585 · program services $3,617 · management and general $17,968

  • 13 · Office expenses

    total $93 · program services $93

  • 17 · Travel

    total $3,457 · program services $3,457

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,478,133 · end of year $2,264,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,371 · end of year $82,081

  • 27 · Net assets without donor restrictions

    beginning of year $1,501 · end of year $27,995

  • 28 · Net assets with donor restrictions

    beginning of year $1,460,261 · end of year $2,154,538

Mission and programs · 2024

Mission

FOUNDATION IS A CHARITABLE ORGANIZATION ESTABLISHED TO WORK IN COLLABORATION WITH INTERNATIONAL DOWNTOWN ASSOCIATION (IDA) TO PROVIDE SUPPORT FOR THE OPERATION OF CHARITABLE AND EDUCATIONAL PROGRAMS.

Activities or mission (Part I)

INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION (FOUNDATION) IS A CHARITABLE ORGANIZATION ESTABLISHED TO WORK IN COLLABORATION WITH INTERNATIONAL DOWNTOWN ASSOCIATION (IDA) TO PROVIDE SUPPORT FOR THE OPERATION OF CHARITABLE AND EDUCATIONAL PROGRAMS.

  • THE BACKING INTERNATIONAL SMALL RESTAURANTS GRANTS PROGRAM IS AIMED AT SUPPORTING BUSINESS FOR CULTURALLY SIGNIFICANT AND INDEPENDENT RESTAURANTS THAT DEMONSTRATE A POSITIVE IMPACT ON THEIR COMMUNITY, AND ARE OWNED/OPERATED BY OR SERVE INDIVIDUALS EXPERIENCING ECONOMIC HARDSHIP. THE GOAL IS TO HELP THESE RESTAURANTS WITH CRITICAL IMPROVEMENTS AND LONG-TERM. TO BE ELIGIBLE, RESTAURANTS MUST ALREADY BE IN OPERATION AND HAVE A BRICK AND MORTAR LOCATION/STOREFRONT IN ONE OF THE CITIES LISTED BELOW: UK: LONDON AND MANCHESTER; MEXICO: MEXICO CITY; AUSTRALIA: MELBOURNE AND SYDNEY; NEW ZEALAND: AUCKLAND; JAPAN: OSAKA, FUKUOKA, SAPPORO, AND TOKYO; CANADA: MONTREAL AND TORONTO; FRANCE: PARIS; SPAIN: MADRID AND BARCELONA.

    Expenses $1,273,875 · Grants $1,111,075

  • IDA FOUNDATION SUPPORTS IMPROVEMENT DISTRICT CAPACITY BUILDING THROUGH EDUCATIONAL RESOURCES AND EVENTS EMPOWERING THE PROFESSIONAL DEVELOPMENT OF PLACE MANAGERS AND THEIR PLACE-BASED NONPROFIT ORGANIZATIONS.

As filed on the 2024 return.

Listed in Part VII

  • Davon Barbour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Raphael Clemente

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Betsy Brennan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrew Taft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jessica Lappin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Downey

    EXECUTIVE DIRECTOR

    Total calculated
    $355,544
    From this org
    $0
    From related orgs
    $317,154
    Other
    $38,390
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,558 related
    Bonus
    $0 + $21,596 related
    Other
    $0
    Deferred
    $0 + $30,090 related
    Nontaxable benefits
    $0 + $8,300 related
    Filer's total
    $0 + $355,544 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533159349300308

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