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DOWNTOWNABQ MAINSTREET INITIATIVE

EIN 46-4750143 ALBUQUERQUE, NM

Browse the largest nonprofits in New Mexico

Revenue 2024
$659,059
Expenses 2024
$734,653

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S31
Classification
1000
Street
708 1ST ST NW

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

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 Growers 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 $197,898 · Revenue $137,089

  • Arts 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. Albuquerques 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 $210,416 · Grants $1,485 · Revenue $13,040

  • 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 downtown 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 downtowns 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 $230,211 · Grants $73,250 · Revenue $7,641

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Julia Youngs

    President

    Total calculated
    $0
    Hours/week
    3

  • Mario Semiglia

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Ashley Rammelsberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bethany Tabor

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Richard Meadows

    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $659,059
    Expenses
    $734,653
    Contributions
    $500,481
    Grants paid
    $74,735
  • 2023
    Revenue
    $498,195
    Expenses
    $521,635
    Contributions
    $353,783
    Grants paid
    $250
  • 2022
    Revenue
    $478,976
    Expenses
    $406,340
    Contributions
    $303,138
    Grants paid
    $588

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $351,957
    Expenses
    $320,981
    Assets (EOY)
    $124,273

  • 2020 · 990

    Revenue
    $341,629
    Expenses
    $276,282
    Assets (EOY)
    $122,985

  • 2019 · 990

    Revenue
    $331,933
    Expenses
    $394,564
    Assets (EOY)
    $26,157

  • 2018 · 990

    Revenue
    $478,703
    Expenses
    $525,813
    Assets (EOY)
    $161,899

  • 2017 · 990

    Revenue
    $447,508
    Expenses
    $357,275
    Assets (EOY)
    $136,544

  • 2016 · 990

    Revenue
    $255,461
    Expenses
    $264,673
    Assets (EOY)
    $53,093

  • 2015 · 990

    Revenue
    $422,795
    Expenses
    $371,407
    Assets (EOY)
    $54,848

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2014

Tax period
1 January 2014 to 31 December 2014
Principal officer
David Silverman
Mailing address
100 Gold St SW Suite 204Albuquerque NM 87102

As filed, from the IRS e-Postcard file of 9 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.