Form 990 for tax year 2023

Totals

Total revenue

$1,472,914

Total expenses

$1,356,134

Contributions and grants received

$1,472,914

Grants paid

$0

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$237,513

Total liabilities, end of year

$358,991

Net assets or fund balances, end of year

-$121,478

Program services expenses (Part IX)

$1,224,890

Management and general expenses

$22,515

Fundraising expenses

$108,729

Program service expenses (Part III)

$1,224,890

Program services were 90.3% 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.

Mission and programs · 2023

• WORLD FOOD AND MUSIC FESTIVAL THE FESTIVAL BEGAN IN 2005 AND IS A THREE-DAY EVENT WHICH CELEBRATES IOWA'S UNIQUE AND DIVERSE CULINARY TRADITIONS, AS WELL AS OFFERING LIVE MUSIC. THE EVENT OFFERS CULTURAL CAFES, LIVE ENTERTAINMENT, COOKING DEMONSTRATIONS, AND VARIOUS MARKETPLACES. ATTENDANCE HAS REACHED AS HIGH AS 75,000 OVER THE THREE-DAY EVENT. THE EXPENSES INCURRED REFLECT ALL COSTS INCURRED IN CARRYING OUT THE VARIOUS ASPECTS OF THE EVENT.

  Expenses $339,991 · Revenue $335,407

• DSM BOOK FESTIVAL THE INAUGURAL EVENT IN 2019 FEATURED PRESENTATIONS AND BOOK SIGNINGS BY AUTHORS OF BOTH NATIONAL AND LOCAL ACCLAIM. IN ADDITION, WORKSHOPS AS WELL AS CHILDREN'S ENTERTAINMENT AND ACTIVITIES WERE PROVIDED, AS PART OF A "CELEBRATION OF THE WRITTEN WORD."

  Expenses $110,910 · Revenue $82,885

• THE MARKET, WHICH DATES BACK TO 1976, IS HELD EACH SATURDAY FROM MAY TO OCTOBER. THE MARKET BOASTS OVER 320 VENDORS AND AVERAGES MORE THAN 35,000 IN ATTENDANCE EACH WEEK. IN ADDITION, AN INDOOR WINTER MARKET IS HELD OVER ONE WEEKEND IN NOVEMBER. THE NATIONALLY-RECOGNIZED MARKET INCLUDES A VARIETY OF VENDORS AND PRODUCT OFFERINGS AND IS PRODUCED, OPERATED, AND MANAGED BY THE ORGANIZATION.

  Expenses $242,786 · Revenue $616,938

• OTHER PROGRAM ACTIVITIES INCLUDE ACTIVATIONS, OUT-TO-LUNCH, BANNERS, SPARK DSM, WINTER MARKET, AND PROMENADE.

  Expenses $531,203

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• DOWNTOWN DSM INC

  501(C)(6) · ECON DEV · IA

• GREATER DES MOINES PARTNERSHIP

  501(C)(6) · ECON DEV & TALENT DEV · IA

Provenance

Return type

form_990

Tax year

2023

Filed

14 November 2024

IRS schema version

2023v5.1

Source object

202443209349306404

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