Downtown Cincinnati Improvement District Inc
- Assets
- $746.2k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- Data as of
- 12/2022
- EIN
- 31-1549493
Organization Overview
Downtown Cincinnati Improvement District Inc is located in Cincinnati, OH. 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. Downtown Cincinnati Improvement District Inc 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 12/2022, Downtown Cincinnati Improvement District Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATING A CLEAN, SAFE, AND WELCOMING ENVIRONMENT DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DCID HAS ENTERED INTO A SERVICE AGREEMENT WITH DOWNTOWN CINCINNATI, LLC, AN OHIO LIMITED LIABILITY COMPANY (DC) EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501(C)(3), TO PERFORM THE SERVICES RELATED TO THE REVITALIZATION OF CINCINNATI. DOWNTOWN CINCINNATI, LLC PROVIDES SERVICES BY: 1. MAINTAINING AND ENHANCING A CLEAN, SAFE, AND WELCOMING ENVIRONMENT DOWNTOWN, INCLUDING THE RECOGNIZED DOWNTOWN AMBASSADOR PROGRAM.2. MAINTAINING AND ENHANCING THE IMAGE, AWARENESS AND USAGE OF DOWNTOWN AS A VIBRANT HUB OF ACTIVITY THROUGH STRATEGIC MARKETING AND COMMUNICATIONS, INCLUDING PROACTIVE MEDIA RELATIONS, ENGAGING SOCIAL MEDIA MESSAGING AND EMAIL MARKETING, AND THE PRODUCTION OF FREE DOWNTOWN EVENTS TO DRIVE TRAFFIC AND INCREASE VIBRANCY.3. ADVOCATE FOR AND SUPPORT BUSINESS AND RESIDENTIAL GROWTH DOWNTOWN THROUGH STAKEHOLDER SERVICES PROGRAMS AND SERVING AS THE PRIMARY SOURCE OF DOWNTOWN DATA COLLECTION AND DISTRIBUTION TO STAKEHOLDERS BY PROVIDING THE STATE OF DOWNTOWN REPORT.
MONEY PROVIDED TO FOUNTAIN SQUARE MANAGEMENT GROUP FOR OPERATING SUPPORT IN 2022. SUPPORTING FSMG IS KEY TO ASSISTING IN REVITALIZING DOWNTOWN CINCINNATI AS THE COMPANY PUTS ON NUMEROUS PROGRAMS AND EVENTS THAT BRING PEOPLE DOWNTOWN AND IMPROVE THE OVERALL QUALITY OF THE SOCIAL REPUTATION OF THE CITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Banke Chair | OfficerTrustee | 0.8 | $0 |
Jon Burger Vice Chair | OfficerTrustee | 0.3 | $0 |
Kristi Farris Secretary | OfficerTrustee | 0.3 | $0 |
Sheryl Long Treasurer | OfficerTrustee | 0.3 | $0 |
Amanda Darnell Trustee | Trustee | 0.3 | $0 |
Lindsey Taylor Trustee | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,268,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,268,761 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,268,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,966 |
| Fees for services: Accounting | $5,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,120,236 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,601 |
| All other expenses | $0 |
| Total functional expenses | $3,250,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $9,734 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $746,209 |
| Accounts payable and accrued expenses | $213 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $213 |
| Net assets without donor restrictions | $745,996 |
| Net assets with donor restrictions | $0 |
| 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 | $746,209 |