Des Moines River Front Development Authority
- Assets
- $3.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 07/2006
- Data as of
- 12/2018
- EIN
- 20-0896263
Organization Overview
Des Moines River Front Development Authority is located in Des Moines, IA. The organization was established in 2006. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines River Front Development Authority is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Des Moines River Front Development Authority generated $58.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $103.8k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO ENCOURAGE AND ASSIST ECONOMIC DEVELOPMENT IN THE CITY OF DES MOINES AND POLK COUNTY BY STIMULATING NEW CAPITAL INVESTMENT,ENCOURAGE REVITALIZATION, DEVELOP AND IMPROVE PUBLIC AMENITIES AND PROVIDE SUPPORT FOR ECONOMIC AND SOCIAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3
MAINTENANCE AND LANDSCAPING OF PUBLIC SPACES LOCATED IN AND AROUND DOWNTOWN DES MOINES. THE MISSION OF THE ORGANIZATION IS TO ENHANCE THE QUALITY OF LIFE IN DOWNTOWN DES MOINES BY MAKING IT CLEAN, SAFE, WELCOMING AND BEAUTIFUL.
MAINTENANCE AND LANDSCAPING OF THE ASIAN GARDENS
SUPPORT THE OPERATION OF AN OUTDOOR ICE SKATING RINK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Shaff President | 1 | $0 | |
Ryan Carpenter Vice President | 1 | $0 | |
Tom Pospisil Secretary/treasurer | 1 | $0 | |
Kevin Farley Director | 1 | $0 | |
Teri Button Director | 1 | $0 | |
Angela Sanders Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,612 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $319 |
| Total Revenue | $58,931 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $34,165 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $9 |
| Other expenses | $69,633 |
| Total expenses | $103,807 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,082 |
| Other assets | $0 |
| Total assets | $3,454 |
| Total liabilities | $1,065 |
| Net assets or fund balances | $2,389 |