Downtown Sacramento Foundation
- Assets
- $314.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 45-2853432
Organization Overview
Downtown Sacramento Foundation is located in Sacramento, CA. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Sacramento Foundation 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 Sacramento Foundation generated $150.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $240.3k during the year ending 12/2022. While expenses have increased by 12.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DOWNTOWN SACRAMENTO FOUNDATION (DSF) IS TO FOSTER CIVIC PRIDE AND ENHANCE THE QUALITY OF LIFE BY GENERATING ADDITIONAL SOURCES OF FUNDS TO SUPPORT THE IMPROVEMENT OF THE SOCIAL, PHYSICAL AND CULTURAL ENVIRONMENT OF DOWNTOWN SACRAMENTO.
Describe the Organization's Program Activity:
Part 3
ECONOMIC DEVELOPMENT: THE ECONOMIC DEVELOPMENT PROGRAMS BOTH AIMED AT SUPPORTING OUR EXISTING BUSINESSES DURING COVID. THE BUSINESS RELIEF PROVIDED GRANTS TO EXISTING BUSINESSES WHO INCURRED DAMAGE DUE TO PUBLIC UNREST, ASSISTING THEM IN REPAIRING THEIR FACADES AND DAMAGED WINDOWS. THE FORK TO FARM GRANTS WENT TO LOCAL RESTAURANTS ENCOURAGING THEM TO USE OUR SMALL LOCAL FARMS TO SECURE FOOD PRODUCTS AND ASSISTING FUNDING THEIR INVENTORY EXPENSES.
DREAMERS WELCOME: TO BUILD A COMMUNITY AND FOSTER SACRAMENTO'S ENTREPRENEURIAL SPIRIT AND CULTIVATE THE NEXT GENERATION OF DREAMERS. THE WINNER OF THIS COMPETITION WILL HAVE THE CHANCE TO OPEN A DOWNTOWN STOREFRONT, AND THE BUSINESS STARTUP PACKAGE WHICH HAS BEEN SPECIFICALLY DESIGNED TO PROVIDE THE WINNER WITH THE RESOURCES AND TOOLS NEEDED TO SUCCEED. INCLUDED IN THE AWARDED BUSINESS STARTUP PACKAGE ARE SERVICES DONATED BY LOCAL VENDORS TO THE WINNERS OF THE COMPETITION. THE ORGANIZATION RECEIVED DONATED SERVICES TOTALING $0 FOR THE YEAR.
DISTRICTING - PROGRAMS FOCUSED ON DEVELOPING THE OLD SACRAMENTO WATERFRONT AND THE KAY DISTRICT BRANDS, INCLUSIVE OF OSW WEBSITE DEVELOPMENT. ACTIVATION AND EVENT SUPPORT AND PHYSICAL BEAUTIFICATION PROJECTS SUCH AS LIGHTING, MURALS AND PARK DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Bjork Executive Officer, Chair | 1 | $0 | |
Lloyd Harvego Executive Officer, Treasurer | 1 | $0 | |
Joe Coomes Executive Officer, Secretary | 1 | $0 | |
Paul Faries Board Director | 0.5 | $0 | |
Richard Robinson Board Director | 0.5 | $0 | |
Chris Barr Board Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,648 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,363 |
| Other Revenue | $0 |
| Total Revenue | $150,011 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $235,478 |
| Total expenses | $240,278 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,567 |
| Other assets | $0 |
| Total assets | $314,321 |
| Total liabilities | $5,401 |
| Net assets or fund balances | $308,920 |
Grants Awarded
Over the last fiscal year, Downtown Sacramento Foundation has awarded $38,731 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TLCS INC PURPOSE: PROVIDE SUPPORT FOR PEOPLE WITH MENTAL HEALTH CHALLENGES | $6,500 |
SACRAMENTO SELF-HELP HOUSING PURPOSE: ASSIST PERSONS WHO ARE HOMELESS OR AT RISK OF BECOMING HOMELESS TO FIND AND RETAIN STABLE AND AFFORDABLE HOUSING. | $15,731 |
FOOD LITERACY CENTER PURPOSE: PROVIDE COOKING AND NUTRITION EDUCATION TO LOW-INCOME ELEMENTARY CHILDREN | $6,500 |
SACRAMENTO METRO CHAMBER FOUNDATION PURPOSE: IMPLEMENTATION OF AN ARTS IN PUBLIC PLACES PROGRAM | $10,000 |