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← INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION

Form 990 for tax year 2022

Filed by INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION.

Totals

Total revenue
$600,000
Total expenses
$487,884
Contributions and grants received
$600,000
Grants paid
$443,234
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$658,906
Total liabilities, end of year
$66,637
Net assets or fund balances, end of year
$592,269
Program services expenses (Part IX)
$474,956
Management and general expenses
$12,928
Fundraising expenses
$0
Program service expenses (Part III)
$474,956

Program services were 97.4% 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

    $600,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $138,224 · program services $138,224

  • 3 · Grants to foreign organizations and individuals

    total $305,010 · program services $305,010

  • 11a · Fees: management

    total $30,625 · program services $30,625

  • 11c · Fees: accounting

    total $13,298 · program services $1,097 · management and general $12,201

  • 13 · Office expenses

    total $727 · management and general $727

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $499,733 · end of year $658,906

  • 4 · Accounts receivable

    beginning of year $1,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,080 · end of year $66,637

  • 27 · Net assets without donor restrictions

    beginning of year $1,500 · end of year $1,501

  • 28 · Net assets with donor restrictions

    beginning of year $478,653 · end of year $590,768

Mission and programs · 2022

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.

  • FOUNDATION IS FUNDED PRIMARILY THROUGH GRANTS AND CONTRIBUTORS WHO WISH TO SUPPORT COMMUNITY LEADERS AND GROUPS ENGAGING IN AND SUPPORTING RESEARCH FOR URBAN RENEWAL AND DEVELOPMENT. IDA'S FUNDRAISING ACTIVITIES CONSIST OF TIME AND EFFORT TO ASSIST WITH FOUNDATION'S OPERATIONS

    Expenses $474,956 · Grants $443,234

As filed on the 2022 return.

Listed in Part VII

  • David Downey

    PRESIDENT

    Total calculated
    $264,992
    From this org
    $0
    From related orgs
    $243,177
    Other
    $21,815
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $215,377 related
    Bonus
    $0 + $27,800 related
    Other
    $0
    Deferred
    $0 + $14,591 related
    Nontaxable benefits
    $0 + $7,224 related
    Filer's total
    $0 + $264,992 related

  • Davon Barbour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Lappin

    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

  • Andy Taft

    BOARD MEMBER

    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. 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

None.

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

  • VARIOUS

    $138,224

    THE PURPOSE OF THIS GRANT IS TO PROVIDE SUPPORT TO VARIOUS INDEPENDENT AND SMALL RESTAURANTS.

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
1 November 2023
IRS schema version
2022v5.0
Source object
202323059349301692

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