Form 990 for tax year 2022
Filed by IOWA CITY DOWNTOWN SELF SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT.
Totals
- Total revenue
- $1,420,051
- Total expenses
- $1,388,859
- Contributions and grants received
- $1,289,055
- Grants paid
- $0
- Program service revenue
- $129,230
- Investment income
- $1,766
- Other revenue
- $0
- Total assets, end of year
- $549,945
- Total liabilities, end of year
- $304,806
- Net assets or fund balances, end of year
- $245,139
- Program services expenses (Part IX)
- $1,331,370
- Management and general expenses
- $57,489
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,331,370
Program services were 95.9% 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)
$528,063
-
1f · All other contributions, gifts and grants
$760,992
-
2a · Program service revenue: PROGRAM INCOME
total $111,610 · related or exempt $111,610
-
2b · Program service revenue: IOWA AVENUE PROJECT
total $17,620 · related or exempt $17,620
-
3 · Investment income
total $1,766 · excluded $1,766
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $351,226 · program services $326,640 · management and general $24,586
-
9 · Other employee benefits
total $24,271 · program services $22,572 · management and general $1,699
-
10 · Payroll taxes
total $27,148 · program services $25,248 · management and general $1,900
-
11c · Fees: accounting
total $16,171 · management and general $16,171
-
12 · Advertising and promotion
total $139,380 · program services $139,380
-
13 · Office expenses
total $6,595 · management and general $6,595
-
16 · Occupancy
total $44,188 · program services $44,188
-
19 · Conferences, conventions and meetings
total $4,971 · management and general $4,971
-
22 · Depreciation, depletion and amortization
total $6,356 · program services $6,356
-
23 · Insurance
total $15,285 · program services $15,285
-
24a · Other expenses: EVENT EXPENSES
total $536,517 · program services $536,517
-
24b · Other expenses: PROGRAMS & INITIATIVES
total $237,698 · program services $237,698
-
24c · Other expenses: PHONE
total $4,650 · program services $4,650
-
24d · Other expenses: PARKING ALLOWANCE
total $3,021 · program services $3,021
-
24e · All other expenses
total -$28,618 · program services -$30,185 · management and general $1,567
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $190,632 · end of year $500,946
-
4 · Accounts receivable
beginning of year $245 · end of year $28,342
-
10a · Land, buildings and equipment: cost or other basis
$94,509
-
10b · Land, buildings and equipment: accumulated depreciation
$84,427
-
10c · Land, buildings and equipment, net
beginning of year $14,849 · end of year $10,082
-
15 · Other assets
beginning of year $4,870 · end of year $10,575
-
17 · Accounts payable and accrued expenses
beginning of year -$3,351 · end of year $7,434
-
24 · Unsecured notes and loans payable
end of year $297,372
-
31 · Retained earnings, endowment or other funds
beginning of year $213,947 · end of year $245,139
Mission and programs · 2022
Mission
OUR MISSION IS TO CHAMPION THE IOWA CITY DOWNTOWN DISTRICT AS A PROGRESSIVE, HEALTHY, AND CULTURALLY-VIBRANT URBAN CENTER OF THE REGION.
-
TO ENHANCE DOWNTOWN IOWA CITY TO BE A SAFE AND CLEAN DISTRICT WHICH ATTRACTS PEOPLE TO DINE, SHOP, AND ATTEND EVENTS.
Expenses $1,331,370 · Revenue $129,230
As filed on the 2022 return.
Listed in Part VII
-
Nancy BirdNANCY BIRD
TOP MGMNT OF
- Total calculated
- $134,345
- From this org
- $130,611
- From related orgs
- $0
- Other
- $3,734
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,611
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,734
- Nontaxable benefits
- not reported
- Filer's total
- $134,345
-
Tony BranchTONY BRANCH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Dingyu DingDINGYU DING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan FelkerSUSAN FELKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Kate Pilcher HayekMARY KATE PILCHER HAYEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh ImmerfallJOSH IMMERFALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David KieftDAVID KIEFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diego LasanskyDIEGO LASANSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay LeavesseurJAY LEAVESSEUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick LindsleyNICK LINDSLEY
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Nina LohmanNINA LOHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlie NusserCHARLIE NUSSER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jason PauliosJASON PAULIOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeet SainiJEET SAINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg TurnerGREG TURNER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Bethany YoungBETHANY YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy ZimmermannWENDY ZIMMERMANN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
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
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332839349300418
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