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Nonprofiteer
← DOWNTOWN AUSTIN DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by DOWNTOWN AUSTIN DEVELOPMENT CORPORATION.

Totals

Total revenue
$392,207
Total expenses
$500,360
Contributions and grants received
$381,092
Grants paid
$79,000
Program service revenue
$11,115
Investment income
$0
Other revenue
$0
Total assets, end of year
$617,946
Total liabilities, end of year
$28,182
Net assets or fund balances, end of year
$589,764
Program services expenses (Part IX)
$421,069
Management and general expenses
$1,011
Fundraising expenses
$78,280
Program service expenses (Part III)
$421,069

Program services were 84.2% 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)

    $250,000

  • 1f · All other contributions, gifts and grants

    $131,092

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $11,115 · related or exempt $11,115 · 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 $79,000 · program services $79,000

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · management and general $0

  • 11e · Fees: professional fundraising services

    total $78,280 · fundraising $78,280

  • 11f · Fees: investment management

    total $2,158 · program services $2,105 · management and general $53

  • 11g · Fees: other

    total $244,658 · program services $244,658

  • 13 · Office expenses

    total $13,726 · program services $13,726

  • 14 · Information technology

    total $4,325 · program services $4,325

  • 16 · Occupancy

    total $69,148 · program services $69,148 · management and general $0

  • 17 · Travel

    total $521 · program services $521 · management and general $0

  • 19 · Conferences, conventions and meetings

    total $2,107 · program services $2,049 · management and general $58

  • 24a · Other expenses: Dues, Permits, Fees

    total $938 · program services $38 · management and general $900 · fundraising $0

  • 24b · Other expenses: Advertising

    total $5,499 · program services $5,499 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $405,882 · end of year $274,500

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $292,243 · end of year $334,506

  • 4 · Accounts receivable

    beginning of year $3,000 · end of year $3,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,000 · end of year $5,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,208 · end of year $28,182

  • 27 · Net assets without donor restrictions

    beginning of year $405,674 · end of year $255,258

  • 28 · Net assets with donor restrictions

    beginning of year $292,243 · end of year $334,506

Mission and programs · 2024

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. The drive-in format was used to host creative community events such as slam poetry nights. In addition to commissioning murals, during the fiscal year the Foundation held 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. Expanded partnership with Mexi-Arte including increased cultural programming and education at Republic Square and targeted efforts (block canvassing and 2 open house events) to engage the buisness community in the creation of a Cultural Heritage District. "Launched Downtown Austin Space Activation (DASA) program at 506 Congress with 500+ activations in FY 24-25 supporting artists, creatives and community organizations with affordable space. "

    Expenses $421,069 · Grants $79,000 · Revenue $390,235

As filed on the 2024 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

  • Nick Moulinet

    Chair

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
12 March 2026
IRS schema version
2024v5.0
Source object
202620759349301462

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