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Nonprofiteer
← DOWNTOWNDC FOUNDATION INC

Form 990 for tax year 2024

Filed by DOWNTOWNDC FOUNDATION INC.

Totals

Total revenue
$837,885
Total expenses
$811,934
Contributions and grants received
$834,009
Grants paid
$366,369
Program service revenue
$0
Investment income
$3,876
Other revenue
$0
Total assets, end of year
$474,143
Total liabilities, end of year
$72,381
Net assets or fund balances, end of year
$401,762
Program services expenses (Part IX)
$557,287
Management and general expenses
$66,553
Fundraising expenses
$188,094
Program service expenses (Part III)
$557,287

Program services were 68.6% 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.

  • 1d · Related organizations

    $72,000

  • 1f · All other contributions, gifts and grants

    $762,009

  • 3 · Investment income

    total $3,876 · excluded $3,876

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $341,619 · program services $341,619

  • 2 · Grants to domestic individuals

    total $24,750 · program services $24,750

  • 7 · Other salaries and wages

    total $292,124 · program services $154,166 · management and general $23,370 · fundraising $114,588

  • 11b · Fees: legal

    total $33 · management and general $33

  • 11c · Fees: accounting

    total $11,425 · management and general $11,425

  • 13 · Office expenses

    total $25,317 · management and general $16,882 · fundraising $8,435

  • 14 · Information technology

    total $12,932 · management and general $6,432 · fundraising $6,500

  • 16 · Occupancy

    total $3,600 · management and general $3,600

  • 17 · Travel

    total $1,751 · management and general $1,751

  • 23 · Insurance

    total $1,173 · management and general $1,173

  • 24a · Other expenses: EVENTS

    total $95,323 · program services $36,752 · fundraising $58,571

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $1,887 · management and general $1,887

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $386,190 · end of year $374,078

  • 4 · Accounts receivable

    beginning of year $90,000 · end of year $100,065

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,379 · end of year $52,381

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $375,811 · end of year $401,762

Mission and programs · 2024

Mission

THE DOWNTOWNDC FOUNDATION'S MISSION IS TO SERVE AND CELEBRATE OUR VIBRANT AND DIVERSE DOWNTOWNDC COMMUNITY BY PROVIDING HOMELESS SERVICES, REVITALIZING PARKS, AND ENHANCING PUBLIC SPACES AND EXPERIENCES.

Activities or mission (Part I)

THE DOWNTOWNDC FOUNDATION IS A 501(C)(3) ORGANIZATION THAT SUPPORTS PHILANTHROPIC INITIATIVES IN DOWNTOWNDC. OUR MISSION IS TO SERVE AND CELEBRATE OUR VIBRANT AND DIVERSE DOWNTOWNDC COMMUNITY BY PROVIDING HOMELESS SERVICES, REVITALIZING PARKS, AND ENHANCING PUBLIC SPACES AND EXPERIENCES.

  • HOMELESS SERVICES:THE DOWNTOWNDC FOUNDATION DISTRIBUTED 33 WELCOME HOME KITS TO INDIVIDUALS TRANSITIONING FROM HOMELESSNESS TO HOUSING, WITH EACH KIT VALUED UP TO $750. THE FOUNDATION SUPPORTED THE INSPIRING CHANGE HOUSE INITITATIVE, WHICH HELPED 17 INDIVIDUALS EXIT HOMELESSNESS BETWEEN JULY AND SEPTEMBER 2025. THE FOUNDATION ALSO CATERED, HOT INDEPENDENCE DAY, THANKSGIVING, AND CHRISTMAS MEAL CELEBRATIONS. ADDITIONALLY, THE FOUNDATION DISTRIBUTED HUNDREDS OF OVERNIGHT KITS THAT INCLUDED HYGIENE ITEMS, ESSENTIAL CLOTHING, NUTRITIOUS SNACKS, AND WATER TO COMBAT EXTREME WEATHER SUMMER AND WINTER CONDIDTIONS FOR INDIVIDUALS EXPERIENCING HOMELESSNESS.

    Expenses $142,852 · Grants $24,750

  • CULTURAL AND SOCIAL IMPACT: THE DOWNTOWNDC FOUNDATION FUNDED AND SECURED SPONSORSHIPS TO SUPPORT A VARIETY OF FREE PROGRAMMING FOR THE COMMUNITY, INCLUDING THE REVAMPED DOWNTOWNDC HOLIDAY MARKET THAT DREW AN ESTIMATED 340,880 VISITORS; DOWNTOWN'S FIRST-EVER HOLIDAY SKATE SPECTACULAR; JAZZ & BLOSSOMS (A PREMIER EVENT OF THE NATIONAL CHERRY BLOSSOM FESTIVAL); BIKE TO WORK DAY; KIDS WORLD EVENT, A WEEKEND FULL OF FUN PROGRAMMING FOR FAMILIES AND KIDS OF ALL AGES IN FRANKLIN PARK; AND FROSTED AT FRANKLIN PARK'S WINTER LIGHT DISPLAYS AND PROGRAMMING.

    Expenses $334,616 · Grants $316,619

  • PARKS AND PUBLIC SPACES:THE FOUNDATION SUPPORTS THE OPERATIONS, MAINTENANCE AND PROGRAMMING OF THE WORLD-CLASS GREEN SPACE, FRANKLIN PARK. IN 2025, THE DOWNTOWNDC FOUNDATION WON A SUSTAINABLE COMMUNITIES GRANT, SECURED FOR PUBLIC SPACE INNOVATION FROM PEPCO AND SUSTAINABLE MARYLAND, AND FUNDED A SOLAR KIOSK PROJECT FOR A DOWNTOWNDC PUBLIC PARK.

    Expenses $79,819 · Grants $25,000

As filed on the 2024 return.

Listed in Part VII

  • Gerren Price

    PRESIDENT AND CEO - DOWNTOWNDC BID

    Total calculated
    $382,504
    From this org
    $0
    From related orgs
    $330,000
    Other
    $52,504
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,000 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $26,737 related
    Nontaxable benefits
    $0 + $25,767 related
    Filer's total
    $0 + $382,504 related
  • Gigi Murphy

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Clare Archer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Lionel Lynch

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Gregory Leinweber

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Amir Setayesh

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ann Friedman

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Edward K Brown Jr

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kelley Shannon

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nora Abramson

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rafael Etzion

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Satchel Kaplan-Allen

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sean C Cahill

    BOARD OF DIRECTORS MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rachel Hartman Cso-Downtowndc

    BID/EXECUTIVE DIR.-DOWNTOWNDC FND

    Total calculated
    $254,247
    From this org
    $0
    From related orgs
    $205,176
    Other
    $49,071
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,000 related
    Bonus
    $0 + $20,176 related
    Other
    $0
    Deferred
    $0 + $15,888 related
    Nontaxable benefits
    $0 + $33,183 related
    Filer's total
    $0 + $254,247 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

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF STAFF IS PAID FROM DOWNTOWN BUSINESS IMPROVEMENT DISTRICT CORPORATION, A RELATED ORGANIZATION. THE ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: 1) USE OF A COMPENSATION COMMITTEE AND 2) WRITTEN APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

  • SUPPORT OF MULTIPLE BID PUBLIC EVENTS, INCLUDING KIDS WORLD, A FAMILY-ORIENTED EVENT ORGANIZED SPECIFICALLY FOR CHILDREN IN THE WASHINGTON, DC AREA; THE HOLIDAY MARKET, WHICH PROMOTES LOCAL BUSINESSES AND ATTRACTS TOURISM TO THE DISTRICT; AND THE SOLAR KIOSK PROJECT, FUNDING FOR THE INSTALLATION OF A SOLAR-POWERED KIOSK IN A DOWNTOWNDC PUBLIC PARK.

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
23 June 2026
IRS schema version
2024v5.5
Source object
202631749349300508

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