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Nonprofiteer
← DOWNTOWN NOW

Form 990 for tax year 2022

Filed by DOWNTOWN NOW.

Totals

Total revenue
$39,334
Total expenses
$141,121
Contributions and grants received
$10,000
Grants paid
$0
Program service revenue
$29,316
Investment income
$18
Other revenue
$0
Total assets, end of year
$6,037,374
Total liabilities, end of year
$186,082
Net assets or fund balances, end of year
$5,851,292
Program services expenses (Part IX)
$129,447
Management and general expenses
$11,674
Fundraising expenses
$0
Program service expenses (Part III)
$129,447

Program services were 91.7% 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

    $10,000

  • 2a · Program service revenue: PROGRAMMING INCOME

    total $27,616 · related or exempt $27,616

  • 2b · Program service revenue: PROGRAM RENT INCOME

    total $1,700 · related or exempt $1,700

  • 3 · Investment income

    total $18 · excluded $18

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,700 · management and general $8,700

  • 16 · Occupancy

    total $13,358 · program services $13,358

  • 22 · Depreciation, depletion and amortization

    total $109,230 · program services $109,230

  • 23 · Insurance

    total $9,818 · program services $6,859 · management and general $2,959

  • 24a · Other expenses: BANK CHARGES

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,175 · end of year $186,814

  • 4 · Accounts receivable

    beginning of year $2,032 · end of year $1,038

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,158 · end of year $2,545

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

    $7,661,913

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

    $1,814,936

  • 10c · Land, buildings and equipment, net

    beginning of year $5,956,208 · end of year $5,846,977

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,287 · end of year $5,950

  • 19 · Deferred revenue

    beginning of year $80,207 · end of year $180,132

  • 27 · Net assets without donor restrictions

    beginning of year $5,953,079 · end of year $5,851,292

Mission and programs · 2022

Mission

STABILIZING, STRENGTHENING AND HELPING MAINTAIN THE DOWNTOWN AREA OF THE CITY OF ST. LOUIS.

Activities or mission (Part I)

STABILIZING, STRENGTHENING AND HELPING MAINTAIN THE DOWNTOWN AREA OF THE CITY OF ST LOUIS

  • DOWNTOWN NOW! HELPS TO LESSEN THE BURDENS OF GOVERNMENT AND FACILITATE THE CITY OF ST LOUIS' 1990 ACTION PLAN THROUGH THE DEVELOPMENT OF PROPERTY FOR THE PURPOSE OF ECONOMIC BUSINESS RETENTION IN DOWNTOWN ST. LOUIS.

    Expenses $129,447 · Revenue $29,316

  • ECONOMIC DEVELOPMENT OF DOWNTOWN ST LOUIS

As filed on the 2022 return.

Listed in Part VII

  • Jason Hall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bob O'Loughlin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bill Dewitt

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ron Kruszewski

    CHAIRPERSON

    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.

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)

SCHEDULE J, PART II
GREATER ST. LOUIS, INC, AN UNRELATED ORGANIZATION, IS RESPONSIBLE FOR ADMINISTERING DOWNTOWN NOW. GREATER ST. LOUIS, INC EMPLOYS THE PERSON LISTED ON SCHEDULE J, PART II. COMPENSATION FROM THE UNRELATED ORGANIZATION WAS $446,000 FOR THE YEAR 2022.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333189349303723

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