Form 990 for tax year 2024
Filed by DOWNTOWN FREDERICK PARTNERSHIP INC.
Totals
- Total revenue
- $2,291,700
- Total expenses
- $2,173,928
- Contributions and grants received
- $1,289,111
- Grants paid
- $93,529
- Program service revenue
- $962,686
- Investment income
- $39,903
- Other revenue
- $0
- Total assets, end of year
- $1,296,220
- Total liabilities, end of year
- $154,303
- Net assets or fund balances, end of year
- $1,141,917
- Program services expenses (Part IX)
- $1,997,575
- Management and general expenses
- $131,533
- Fundraising expenses
- $44,820
- Program service expenses (Part III)
- $1,997,575
Program services were 91.9% 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)
$601,118
-
1f · All other contributions, gifts and grants
$687,993
-
2a · Program service revenue: PROMOTIONS
total $962,686 · related or exempt $962,686
-
3 · Investment income
total $44,473 · excluded $44,473
-
7a · Gross sales of assets other than inventory
securities $150,000
-
7b · Less cost or other basis and sales expenses
securities $154,570
-
7c · Gain or loss
securities -$4,570
-
7d · Net gain or loss
total -$4,570 · excluded -$4,570
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $93,529 · program services $93,529
-
5 · Compensation of officers, directors and key employees
total $162,541 · program services $143,036 · management and general $17,879 · fundraising $1,626
-
7 · Other salaries and wages
total $272,690 · program services $215,433 · management and general $25,774 · fundraising $31,483
-
8 · Pension plan contributions
total $5,759 · program services $5,512 · management and general $189 · fundraising $58
-
9 · Other employee benefits
total $25,248 · program services $17,876 · management and general $4,049 · fundraising $3,323
-
10 · Payroll taxes
total $37,296 · program services $26,023 · management and general $8,781 · fundraising $2,492
-
11c · Fees: accounting
total $29,901 · management and general $29,901
-
12 · Advertising and promotion
total $981,067 · program services $981,067
-
13 · Office expenses
total $38,673 · program services $31,767 · management and general $3,864 · fundraising $3,042
-
16 · Occupancy
total $5,520 · program services $4,534 · management and general $552 · fundraising $434
-
19 · Conferences, conventions and meetings
total $9,223 · program services $9,223
-
22 · Depreciation, depletion and amortization
total $1,425 · management and general $1,425
-
23 · Insurance
total $8,356 · program services $6,864 · management and general $835 · fundraising $657
-
24a · Other expenses: DESIGN EXPENSES
total $396,509 · program services $396,509
-
24b · Other expenses: PUBLICATIONS AND PRINTI
total $41,722 · program services $40,898 · management and general $824
-
24c · Other expenses: OTHER PROFESSIONAL SERV
total $37,460 · management and general $37,460
-
24d · Other expenses: ORGANIZATION EXPENSES
total $17,223 · program services $15,518 · fundraising $1,705
-
24e · All other expenses
total $9,786 · program services $9,786
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $598,693 · end of year $655,695
-
3 · Pledges and grants receivable
beginning of year $33,923 · end of year $50,000
-
4 · Accounts receivable
beginning of year $13,094 · end of year $9,750
-
9 · Prepaid expenses and deferred charges
beginning of year $857 · end of year $2,029
-
10a · Land, buildings and equipment: cost or other basis
$5,700
-
10b · Land, buildings and equipment: accumulated depreciation
$2,850
-
10c · Land, buildings and equipment, net
beginning of year $4,275 · end of year $2,850
-
11 · Investments: publicly traded securities
beginning of year $490,036 · end of year $575,896
-
17 · Accounts payable and accrued expenses
beginning of year $105,364 · end of year $122,138
-
19 · Deferred revenue
beginning of year $28,000 · end of year $32,165
-
27 · Net assets without donor restrictions
beginning of year $898,685 · end of year $945,543
-
28 · Net assets with donor restrictions
beginning of year $108,829 · end of year $196,374
Mission and programs · 2024
Mission
DOWNTOWN FREDERICK PARTNERSHIP WORKS TO ENHANCE, PROMOTE AND PRESERVE THE VITALITY, LIVABILITY AMD DIVERSITY OF DOWNTOWN FREDERICK, A NATIONAL MAIN STREET COMMUNITY.
Activities or mission (Part I)
DOWNTOWN FREDERICK PARTNERSHIP WORKS TO ENHANCE, PROMOTE AND PRESERVE THE VITALITY, LIVABILITY AND DIVERSITY OF DOWNTOWN FREDERICK, A NATIONAL MAIN STREET COMMUNITY.
-
ORGANIZATION FORMED TO ENHANCE, PROMOTE AND PRESERVE THE VITALITY, LIVABILITY AND DIVERSITY OF DOWNTOWN FREDERICK, MARYLAND. CURRENT MAJOR PROGRAMS INCLUDE LIVE DOWNTOWN, WORK DOWNTOWN, STAY DOWNTOWN, PLAY DOWNTOWN AND CONNECT DOWNTOWN. COLLECTIVELY PARTNERSHIP EVENTS, PRIMARILY FIRST SATURDAY, ATTRACTS ABOUT 160,000 PEOPLE TO DOWNTOWN FREDERICK EACH YEAR. ALIVE @ 5 BROUGHT IN OVER 17,500 PEOPLE FOR FY25.
Expenses $1,997,575 · Grants $93,529 · Revenue $962,686
As filed on the 2024 return.
Listed in Part VII
-
Derek McGeeDEREK MCGEE
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Mindy CawleyMINDY CAWLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Danny SevernDANNY SEVERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kate KurandaKATE KURANDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karyn LovinsKARYN LOVINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
April LeeAPRIL LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marien HornyakMARIEN HORNYAK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Sandy DubaySANDY DUBAY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Nkem WellingtonNKEM WELLINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carlo SerioCARLO SERIO
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Chris ForemanCHRIS FOREMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bob GoffBOB GOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Derrick HarriganDERRICK HARRIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carly OgdenCARLY OGDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kelly RussellKELLY RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard GriffinRICHARD GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shelane TwenteySHELANE TWENTEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael HenningsenMICHAEL HENNINGSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kara NormanKARA NORMAN
EXECUTIVE DIRECTOR
- Total calculated
- $153,048
- From this org
- $137,198
- From related orgs
- $0
- Other
- $15,850
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,198
- Bonus
- $0
- Other
- $0
- Deferred
- $4,116
- Nontaxable benefits
- $11,734
- Filer's total
- $153,048
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
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
-
DOWNTOWN PROFESSIONAL BUILDING LLC
$10,000
FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS
-
$10,000
FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543039349301909
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