Downtown Dayton Partnership Corp
- Assets
- $2.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Dayton, OH
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 34-1722175
Organization Overview
Downtown Dayton Partnership Corp is located in Dayton, OH. The organization was established in 1993. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Downtown Dayton Partnership Corp employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Dayton Partnership Corp 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 12/2021, Downtown Dayton Partnership Corp generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 3.5% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE FOCUS OUR EFFORTS IN FIVE KEY AREAS: JOBS, AMENITIES, HOUSING, ENVIRONMENT, AND ADVOCACY.
Describe the Organization's Program Activity:
PROGRAM SERVICE FUNCTIONAL EXPENSES INCURRED INVOLVE THE FOLLOWING: STRATEGIC PLANNING FOR LONG-TERM SUSTAINABLE GROWTH IN DOWNTOWN DAYTON; ADVOCATE FOR THE INTEREST OF PROPERTY OWNERS; PROVIDE BUSINESS DEVELOPMENT, PUBLIC SPACE MANAGEMENT AND MARKETING SERVICES TO PROMOTE DOWNTOWN DAYTON BUSINESSES, ARTS, ENTERTAINMENT, AND HOUSING.
CONDUCT AND MARKET HOLIDAY EVENTS IN DOWNTOWN DAYTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Bentley Treasurer | OfficerTrustee | 1 | $0 |
Daniel Mccabe Co-Chair (until 1/22) | OfficerTrustee | 1 | $0 |
Nan Whaley Co-Chair (until 1/22) | OfficerTrustee | 1 | $0 |
Daniel Meixner Co-Chair (as Of 1/22) | OfficerTrustee | 1 | $0 |
Jeffrey Mims Jr Co-Chair (as Of 1/22) | OfficerTrustee | 1 | $0 |
Jason Woodard Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,199 |
| Investment income | $1,103 |
| 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 | $2,152,810 |
| Statement of Expenses | |
|---|---|
| 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. | $242,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,311 |
| Pension plan accruals and contributions | $52,775 |
| Other employee benefits | $31,767 |
| Payroll taxes | $59,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,039 |
| Fees for services: Accounting | $33,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,452 |
| Office expenses | $10,156 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,808 |
| Travel | $32,904 |
| 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 | $2,555 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,043,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,462 |
| Savings and temporary cash investments | $486,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,008 |
| 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 | $23,037 |
| Investments—publicly traded securities | $589,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,118 |
| Total assets | $2,467,626 |
| Accounts payable and accrued expenses | $7,693 |
| 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 | $560,829 |
| Total liabilities | $568,522 |
| Net assets without donor restrictions | $1,888,593 |
| Net assets with donor restrictions | $10,511 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,899,104 |