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Nonprofiteer
← DOWNTOWNABQ MAINSTREET INITIATIVE

Form 990 for tax year 2022

Filed by DOWNTOWNABQ MAINSTREET INITIATIVE.

Totals

Total revenue
$478,976
Total expenses
$406,340
Contributions and grants received
$303,138
Grants paid
$588
Program service revenue
$174,352
Investment income
$25
Other revenue
$1,461
Total assets, end of year
$218,689
Total liabilities, end of year
$25,011
Net assets or fund balances, end of year
$193,678
Program services expenses (Part IX)
$317,309
Management and general expenses
$55,115
Fundraising expenses
$33,916
Program service expenses (Part III)
$317,309

Program services were 78.1% 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.

  • 1e · Government grants (contributions)

    $182,430

  • 1f · All other contributions, gifts and grants

    $120,708

  • 2a · Program service revenue: Dowtown growers market

    total $116,548 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Film Project Passthru Income

    total $4,775 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Fiscal Agent Passthru income

    total $45,477 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: ARTWALK

    total $5,154 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: DTGM Token fees

    total $2,398 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $25 · unrelated business $0 · excluded $25

  • 10a · Gross sales of inventory

    $1,461

  • 10c · Net income from sales of inventory

    total $1,461 · related or exempt $1,461

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $588 · program services $588

  • 7 · Other salaries and wages

    total $169,519 · program services $123,178 · management and general $15,078 · fundraising $31,263

  • 10 · Payroll taxes

    total $14,650 · program services $10,719 · management and general $1,278 · fundraising $2,653

  • 11c · Fees: accounting

    total $15,410 · program services $0 · management and general $15,410 · fundraising $0

  • 11g · Fees: other

    total $74,452 · program services $74,452 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $608 · program services $608 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $10,611 · program services $5,664 · management and general $4,947 · fundraising $0

  • 14 · Information technology

    total $7,482 · program services $5,169 · management and general $2,313 · fundraising $0

  • 16 · Occupancy

    total $34,572 · program services $30,134 · management and general $4,438 · fundraising $0

  • 17 · Travel

    total $650 · program services $407 · management and general $243 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,374 · program services $3,029 · management and general $1,345 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,290 · program services $0 · management and general $6,290 · fundraising $0

  • 23 · Insurance

    total $4,337 · program services $575 · management and general $3,762 · fundraising $0

  • 24a · Other expenses: Fiscal Agent Expenses

    total $53,745 · program services $53,745 · management and general $0 · fundraising $0

  • 24b · Other expenses: Small Business Support - Yiftee cards

    total $2,760 · program services $2,760 · management and general $0 · fundraising $0

  • 24c · Other expenses: Buds and Bean event meal

    total $2,088 · program services $2,088 · management and general $0 · fundraising $0

  • 24d · Other expenses: DTGM Token donations

    total $3,102 · program services $3,102 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,102 · program services $1,091 · management and general $11 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,406 · end of year $213,369

  • 9 · Prepaid expenses and deferred charges

    beginning of year $434 · end of year $2,177

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

    $44,028

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

    $40,885

  • 10c · Land, buildings and equipment, net

    beginning of year $9,433 · end of year $3,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $85

  • 25 · Other liabilities

    beginning of year $3,146 · end of year $25,011

  • 27 · Net assets without donor restrictions

    beginning of year $121,042 · end of year $193,678

Mission and programs · 2022

Mission

The DowntownABQ MainStreet Initiative is a community redevelopment organization. Our mission is to promote and support downtowns economic, social, and creative vitality through community-driven projects and programs. A revitalized and vibrant downtown is a symbol of community economic health, local quality of life, pride, and community identity.

  • Downtown Grower's Market - The market is home to over 75 New Mexican growers offering the highest quality produce available in Albuquerque, along with a wide array of talented local artists and a delicious mix of prepared food artisans. Every week we feature a live band, community nonprofits, a bike valet service, and lots of community spirit! All are welcome! 70,000 individuals were served.

    Expenses $173,778 · Grants $588 · Revenue $175,623

  • Art and Cultural District The Downtown Arts & Cultural District, made up of roughly 30 blocks in and around the Central Avenue corridor, works to support and promote creative work / local businesses and institutions, and increase visitors to the area. Albuquerque's Downtown is home to a unique array of assets, including artists, designers, filmmakers, galleries, museums, theaters, musicians, music venues, city festivals, restaurants, food trucks / kitchens, breweries, coffee shops, and creative entrepreneurs living and working in both formal and informal spaces. 20,000 individuals were served.

    Expenses $9,738 · Revenue $9,000

  • Downtown Placemaking From our initial program to bring community placemaking to Civic Plaza which began in 2014, we have grown the program to bring placemaking to the larger Downtown. Through programming with Artwalk, a monthly dowtown arts crawl event which we support through grant writing, event coordination, permitting, and promotion, to the Downtown Rail Trail community engagement project, to programs for murals and pop up music and food events, we strive to bring vitality to downtown's vacant and underutilized spaces. These programs are essential to bringing economic opportunity to our downtown businesses and organizations while providing community friendly events for our residents and visitors. Over 25,000 individuals were served.

    Expenses $80,048 · Revenue $244,076

  • Downtown Mainstreet fiscal agent passthru expenses.

    Expenses $53,745 · Revenue $50,157

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

Listed in Part VII

  • Ashley Rammelsberg

    President

    Total calculated
    $0
    Hours/week
    3

  • Michael Phlieger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jesus Munoz

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Julia Youngs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laurie Roach

    Director

    Total calculated
    $0
    Hours/week
    1

  • Monica Bencomo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bethany Tabor

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Robert Sachs JD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Cordova

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mario Semiglia

    Director

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202312279349302106

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