Minneapolis Downtown Improvement District
- Assets
- $3.3m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-4259628
Organization Overview
Minneapolis Downtown Improvement District is located in Minneapolis, MN. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Minneapolis Downtown Improvement District is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Minneapolis Downtown Improvement District generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Minneapolis Downtown Improvement District has awarded 42 individual grants totaling $2,335,683. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AN ACTIVE, ATTRACTIVE, VIBRANT DOWNTOWN MINNEAPOLIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED A VARIETY OF SERVICES THAT ENHANCE THE SAFETY AND APPEAL OF THE DISTRICT, SUCH AS CLEAN AND SAFE AMBASSADORS, LANDSCAPING, PROGRAMMING, SNOW REMOVAL, AND MAINTENANCE AND REPAIRS OF PUBLIC AREAS (COLLECTIVELY, THE "SERVICES"). THE SERVICES THAT WERE PROVIDED IN ADDITION TO MUNICIPAL SERVICES THAT ARE OTHERWISE AVAILABLE WERE INTENDED TO PROMOTE THE DISTRICT AS A DESTINATION FOR SHOPPING, DINING, ENTERTAINMENT, AND OPERATING BUSINESSES. THE SERVICES WERE FUNDED BY ASSESSMENTS COLLECTED BY THE CITY OF MINNEAPOLIS ON ASSESSABLE PROPERTY WITHIN THE 120 BLOCK DISTRICT. THE CITY OF MINNEAPOLIS ENTERED INTO A CONTRACT WITH THE ORGANIZATION TO PROVIDE THE SERVICES. THE ORGANIZATION SUBCONTRACTED WITH APPROPRIATE VENDORS TO OBTAIN THE VARIOUS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Cramer CEO - Ex-Officio | OfficerTrustee | 16 | $0 |
Mike Ryan Incoming Chair - Ex-Officio | OfficerTrustee | 0.3 | $0 |
Kathryn Reali COO | Officer | 32 | $0 |
David Serrano Director | Trustee | 0.3 | $0 |
John Rent Director | Trustee | 0.3 | $0 |
Matthew Rauenhorst Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Downtown Council Of Minneapolis Management Services | 12/30/21 | $1,571,488 |
Tangletown Gardens Llc Greening | 12/30/21 | $295,437 |
Block By Block Clean And Safe Ambassasor Program | 12/30/21 | $3,670,154 |
Mad Dads Community Engagement And Outreach | 12/30/21 | $286,803 |
Reliable Property Services Snow Removal | 12/30/21 | $175,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $551,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,000 |
| Total Program Service Revenue | $7,706,329 |
| Investment income | $232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,257,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,258 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $337,304 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $811,418 |
| Pension plan accruals and contributions | $24,432 |
| Other employee benefits | $81,434 |
| Payroll taxes | $79,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,427,600 |
| Advertising and promotion | $0 |
| Office expenses | $95,498 |
| Information technology | $67,483 |
| Royalties | $0 |
| Occupancy | $90,273 |
| Travel | $3,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,061 |
| Interest | $45,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,215 |
| Insurance | $38,192 |
| All other expenses | $0 |
| Total functional expenses | $7,877,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,852 |
| Savings and temporary cash investments | $589,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,802,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,485 |
| Net Land, buildings, and equipment | $313,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,331,993 |
| Accounts payable and accrued expenses | $940,885 |
| Grants payable | $0 |
| Deferred revenue | $95,691 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,036,576 |
| Net assets without donor restrictions | $2,275,417 |
| Net assets with donor restrictions | $20,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,331,993 |
Grants Awarded
Over the last fiscal year, Minneapolis Downtown Improvement District has awarded $138,757 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: IN SUPPORT OF SAFE INITIATIVES | $97,727 |
Minneapolis, MN PURPOSE: IN SUPPORT OF MPLS WORKS PROJECT | $25,000 |
Minneapolis, MN PURPOSE: IN SUPPORT OF SAFE STREETS INITIATIVE | $10,000 |
Minneapolis, MN PURPOSE: IN SUPPORT OF VARIOUS PROGRAMS | $6,030 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minneapolis Downtown Improvement District has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Keep America Beautiful Inc Stamford, CT PURPOSE: PROJECT GRANTS | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |