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Nonprofiteer
← DOWNTOWN PARTNERSHIP INC

Form 990 for tax year 2022

Filed by DOWNTOWN PARTNERSHIP INC.

Totals

Total revenue
$1,740,101
Total expenses
$1,549,521
Contributions and grants received
$790,761
Grants paid
$0
Program service revenue
$949,340
Investment income
$0
Other revenue
$0
Total assets, end of year
$539,675
Total liabilities, end of year
$280,671
Net assets or fund balances, end of year
$259,004
Program services expenses (Part IX)
$1,245,851
Management and general expenses
$210,233
Fundraising expenses
$93,437
Program service expenses (Part III)
$1,245,851

Program services were 80.4% 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.

  • 1d · Related organizations

    $635,794

  • 1e · Government grants (contributions)

    $154,967

  • 2a · Program service revenue: FARMERS MARKET

    total $476,970 · related or exempt $476,970

  • 2b · Program service revenue: OPERATION DOWNTOWN SUPPORT

    total $339,388 · related or exempt $339,388

  • 2c · Program service revenue: OTHER EVENT REVENUES

    total $109,356 · related or exempt $109,356

  • 2d · Program service revenue: BANNERS REVENUE

    total $23,626 · related or exempt $23,626

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $425,493 · program services $425,493

  • 8 · Pension plan contributions

    total $32,342 · program services $32,342

  • 9 · Other employee benefits

    total $35,166 · program services $35,166

  • 10 · Payroll taxes

    total $32,707 · program services $32,707

  • 11a · Fees: management

    total $467,184 · program services $163,514 · management and general $210,233 · fundraising $93,437

  • 12 · Advertising and promotion

    total $128,135 · program services $128,135

  • 13 · Office expenses

    total $52,835 · program services $52,835

  • 16 · Occupancy

    total $77,622 · program services $77,622

  • 17 · Travel

    total $2,624 · program services $2,624

  • 19 · Conferences, conventions and meetings

    total $2,138 · program services $2,138

  • 22 · Depreciation, depletion and amortization

    total $1,590 · program services $1,590

  • 24a · Other expenses: PROFESSIONAL FEES

    total $86,039 · program services $86,039

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $84,938 · program services $84,938

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $56,991 · program services $56,991

  • 24d · Other expenses: ENTERTAINER FEES

    total $18,385 · program services $18,385

  • 24e · All other expenses

    total $45,332 · program services $45,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $337,265 · end of year $201,879

  • 4 · Accounts receivable

    beginning of year $200,714 · end of year $335,449

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,079 · end of year $917

  • 10a · Land, buildings and equipment: cost or other basis

    $26,511

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,081

  • 10c · Land, buildings and equipment, net

    beginning of year $1,541 · end of year $1,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $476,175 · end of year $280,671

  • 31 · Retained earnings, endowment or other funds

    beginning of year $68,424 · end of year $259,004

Mission and programs · 2022

Mission

PROVIDES LEADERSHIP, INITIATIVE, AND ADVOCACY IN ORDER TO ACHIEVE SHARED SOLUTIONS AND A SHARED VISION FOR THE FUTURE OF DOWNTOWN DES MOINES.

  • ECONOMIC DEVELOPMENT: THE ORGANIZATION SERVES THE DOWNTOWN BY UNDERTAKING LEADERSHIP AND COLLABORATIVE EFFORTS TO LEVERAGE AND ENHANCE THE STRENGTHS OF THE AREA. DURING 2021, THE ORGANIZATION HELPED ATTRACT OR EXPAND 7 BUSINESSES AND ASSISTED WITH PROJECTS THAT LED TO 386 NEW OR RETAINED JOBS. IT CONTINUED TO SUPPORT THE DEVELOPMENT AND EXPANSION OF DOWNTOWN AMENITIES AND OTHER KEY PROJECTS THAT ENHANCED DOWNTOWN DES MOINES. RESULTS IN THE CURRENT YEAR REFLECTED THE IMPACTS OF THE PANDEMIC.

    Expenses $228,274 · Revenue $25,000

  • DOWNTOWN DES MOINES FARMERS MARKET: THE MARKET, WHICH DATES BACK TO 1976, IS HELD EACH SATURDAY FROM MAY TO OCTOBER. THE MARKET BOASTS NEARLY 300 VENDORS AND AVERAGES MORE THAN 25,000 IN ATTENDANCE EACH WEEK. IN ADDITION, AN INDOOR MARKET IS HELD OVER TWO WEEKENDS IN NOVEMBER AND DECEMBER. THE NATIONALLY-RECOGNIZED MARKET INCLUDES A VARIETY OF VENDORS AND PRODUCT OFFERINGS AND IS PRODUCED, OPERATED, AND MANAGED BY THE ORGANIZATION. THE 2021 SEASON MARKED A RETURN TO AN IN-PERSON MARKET AND OVER THE COURSE OF THE SEASON, THE EVENT RETURN TO PRE-PANDEMIC LEVELS OF ACTIVITY.

    Expenses $337,876 · Revenue $476,970

  • DOWNTOWN BANNER PROGRAM: THE ORGANIZATION MANAGES THIS PROGRAM WHICH APPROVES AND EXECUTES THE PLACEMENT OF STREET BANNERS AT NEARLY 350 SITES THROUGHOUT DOWNTOWN. THE PROGRAM IS PRIMARILY AVAILABLE TO NON-PROFIT ORGANIZATIONS BUT CAN BE UTILIZED BY FOR-PROFIT ORGANIZATIONS IF THE BANNERS ARE BEING PLACED ON POLES IN FRONT OF PROPERTY OWNED BY THE FOR-PROFIT ENTITY. THE PROGRAM IS A VERY SUCCESSFUL AND POPULAR WAY TO DRAW ATTENTION TO LOCAL EVENTS, ORGANIZATIONS, AND ACTIVITIES.

    Expenses $29,514 · Revenue $23,626

  • THIS INCLUDES THE COSTS AND REVENUES ASSOCIATED WITH VARIOUS PROGRAMMATIC OFFERINGS DURING 2022 INCLUDING LUNCHTIME EVENTS OFFERED TO THE DOWNTOWN WORKFORCE AND RESIDENT POPULATION. IN ADDITION, THE COSTS OF MARKETING AND PROMOTING DOWNTOWN ACTIVITIES AND OFFERINGS, INCLUDING BUT NOT LIMITED TO, THOSE CARRIED OUT BY THE ORGANIZATION ARE REFLECTED HERE.

    Expenses $650,187 · Revenue $84,356

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TIFFANY TAUSCHECK

    PRESIDENT

    Total calculated
    $364,297
    From this org
    $0
    From related orgs
    $326,358
    Other
    $37,939
    Hours/week
    42 + 8 related

    Schedule J breakdown matched by us

    Base
    not reported + $316,358 related
    Bonus
    not reported
    Other
    not reported + $10,000 related
    Deferred
    not reported + $24,870 related
    Nontaxable benefits
    not reported + $13,069 related
    Filer's total
    not reported + $364,297 related

  • HALLIE STILL-CARIS

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAKE CHRISTENSEN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID BROWN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KAREN KARR

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TOM MATTHEWS

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KRIS SADDORIS

    COUNCIL CHAI

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATE HIGHTSHOE

    COMMITTEE CH

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EMILY ABBAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE ABBOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATT ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALEX BRIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRANDON BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAY BYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS CURRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAN DRENDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • KYLE GAMBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROB GAVORA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BECKY GIBSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RYAN GRANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEREK JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ARDIS KELLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHRYN KUNERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSH MANDELBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FARNAZ MATERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KENT MAUCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JENNY MCCOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANDREA MORSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN NORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TERRY ROSENDAHL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MADDY SCHMIDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRAD SCHOENFELDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JACLYN TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMANDA WEATHERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KIRK IRWIN

    CHIEF ADMIN

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • AMANDA BRIGGS

    CFAO

    Total calculated
    $0

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202333189349310838

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