Downtown Sioux Falls
- Assets
- $1.3m
- Revenue
- $909.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Sioux Falls, SD
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 36-3627217
Organization Overview
Downtown Sioux Falls is located in Sioux Falls, SD. The organization was established in 1989. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Downtown Sioux Falls employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Sioux Falls is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Downtown Sioux Falls generated $909.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $960.8k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 6 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
DOWNTOWN SIOUX FALLS, INC. (DTSF) ENSURES DOWNTOWN IS A PLACE FOR EVERYONE, EVERY DAY. DTSF BOLDLY LEADS THE DOWNTOWN COMMUNITY BY CHAMPIONING DIVERSE EXPERIENCES, ECONOMIC GROWTH, AND A HEALTHY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DTSF FOCUSES ITS RESOURCES WITHIN DOWNTOWN BY 1) MARKETING AND PROMOTING CULTURE, COMMUNITY, AND COMMERCE; 2) CLEANING, MAINTAINING, BEAUTIFYING, AND ACTIVATING STREETSCAPES; AND 3) FACILITATING COORDINATION AND ADVOCACY EFFORTS TO EFFECT POSITIVE CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Wetsch Chair | OfficerTrustee | 2 | $0 |
Vaney Hariri Vice Chair | OfficerTrustee | 2 | $0 |
Erik Gaikowski Treasurer | OfficerTrustee | 2 | $0 |
Addie Graham-Kramer Secretary | OfficerTrustee | 2 | $0 |
Derek Ohme Past Chair | OfficerTrustee | 1 | $0 |
Terri Schuver Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,689 |
| Total Program Service Revenue | $702,310 |
| Investment income | $1,772 |
| 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 | $909,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,480 |
| 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. | $85,284 |
| Compensation of current officers, directors, key employees. | $12,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,274 |
| Pension plan accruals and contributions | $2,925 |
| Other employee benefits | $33,586 |
| Payroll taxes | $27,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,169 |
| Fees for services: Accounting | $38,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,920 |
| Advertising and promotion | $42,038 |
| Office expenses | $71,629 |
| Information technology | $9,725 |
| Royalties | $0 |
| Occupancy | $49,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,504 |
| Insurance | $16,813 |
| All other expenses | $0 |
| Total functional expenses | $960,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,514 |
| Savings and temporary cash investments | $805,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,239 |
| 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 | $19,068 |
| Net Land, buildings, and equipment | $189,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,268,781 |
| Accounts payable and accrued expenses | $78,901 |
| Grants payable | $0 |
| Deferred revenue | $84,589 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $313,490 |
| Net assets without donor restrictions | $955,291 |
| 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 | $1,268,781 |
Grants Awarded
Over the last fiscal year, Downtown Sioux Falls has awarded $20,992 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DAKOTABILITIES INC PURPOSE: COMMUNITY SUPPORT THROUGH DOWNTOWN GIVES ANNUAL FUND DRIVE | $9,467 |
FRIENDS OF BIG SIOUX RIVER PURPOSE: COMMUNITY SUPPORT THROUGH DOWNTOWN GIVES ANNUAL FUND DRIVE | $6,525 |
FORWARD SIOUX FALLS PURPOSE: JOINED THE FORWARD SIOUX FALLS COLLABORATIVE EFFORT IN CONJUNCTION WITH THE CITY OF SIOUX FALLS TO SUPPORT SMALL BUSINESSES DURING THE COVID-19 PANDEMIC | $5,000 |