International Downtown Assoc
- Assets
- $2.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 38-1817974
Organization Overview
International Downtown Assoc is located in Washington, DC. The organization was established in 1972. 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. As of 12/2022, International Downtown Assoc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Downtown Assoc 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 12/2022, International Downtown Assoc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 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
TO FURTHER THE IMPROVEMENT OF DOWNTOWNS AND THEIR ADJACENT NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS - ASSOCIATION PROVIDES A FORUM FOR LECTURE, DISCUSSION, AND EXCHANGE OF IDEAS RELATED TO DOWNTOWN REVITALIZATION AND MANAGEMENT.
POLICY AND RESEARCH - ASSOCIATION WORKS CLOSELY WITH VARIOUS LEVELS OF LOCAL AND REGIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS, DEVELOPERS, REAL ESTATE BROKERS, PRIVATE FIRMS, PHILANTHROPIC FOUNDATIONS, DESTINATION MANAGEMENT ORGANIZATIONS, NON-PROFITS, AND STATE AND FEDERAL GOVERNMENT AGENCIES, WHILE REPRESENTING THE SPECIFIC AND UNIQUE NEEDS, CHALLENGES AND TRENDS OF THE MANAGED PLACE. ADDITIONALLY, ASSOCIATION WORKS TO RECRUIT AND RETAIN BUSINESSES, CONDUCT MARKET RESEARCH, ENCOURAGE A STRONG LOCAL WORKFORCE, MAINTAIN A DIVERSE MIX OF COMMERCIAL AND RESIDENTIAL DEVELOPMENT, AND FACILITATE A BUILT ENVIRONMENT THAT IS ACCESSIBLE FOR ALL USERS TO LIVE, WORK, PLAY, VISIT AND INVEST.
MEMBERSHIP - ASSOCIATION PROVIDES A NETWORK OF COMMITTED ORGANIZATIONS AND INDIVIDUALS TO EXCHANGE KNOWLEDGE AND NURTURE COMMUNITY BUILDING PARTNERSHIPS. DIRECTORIES AND NEWSLETTERS ARE COMPLIMENTARY WITH MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Downey President/ceo | OfficerTrustee | 45 | $243,177 |
Kathleen Rawson Immediate Past Chair | OfficerTrustee | 1 | $0 |
Bjorn Bergman Ex Officio Board Member | Trustee | 1 | $0 |
Tasso Evangelinos Ex Officio Board Member | Trustee | 1 | $0 |
Tine Fuchs Ex Officio Board Member | Trustee | 1 | $0 |
Gary Holmes Ex Officio Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $788,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,959 |
| Total Program Service Revenue | $1,626,202 |
| Investment income | $176 |
| 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 | $2,596,803 |
| 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. | $614,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $438,805 |
| Pension plan accruals and contributions | $59,011 |
| Other employee benefits | $78,755 |
| Payroll taxes | $85,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $75,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,080 |
| Advertising and promotion | $2,455 |
| Office expenses | $106,209 |
| Information technology | $99,861 |
| Royalties | $0 |
| Occupancy | $39,242 |
| Travel | $62,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $550,819 |
| Interest | $2,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,513 |
| Insurance | $12,143 |
| All other expenses | $0 |
| Total functional expenses | $2,386,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,002 |
| Savings and temporary cash investments | $1,750,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,466 |
| 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 | $64,004 |
| Net Land, buildings, and equipment | $4,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,005 |
| Other assets | $54,503 |
| Total assets | $2,112,830 |
| Accounts payable and accrued expenses | $181,745 |
| Grants payable | $0 |
| Deferred revenue | $637,248 |
| 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 | $54,503 |
| Total liabilities | $873,496 |
| Net assets without donor restrictions | $939,897 |
| Net assets with donor restrictions | $299,437 |
| 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 | $2,112,830 |