Downtown Topeka Foundation
- Assets
- $9.4m
- Revenue
- $989.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 06/1986
- Data as of
- 12/2020
- EIN
- 48-1014188
Organization Overview
Downtown Topeka Foundation is located in Topeka, KS. The organization was established in 1986. 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 Topeka 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 12/2020, Downtown Topeka Foundation generated $989.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $818.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND EXPEND FUNDS FOR THE PURPOSES OF PRESERVING, RESTORING AND IMPROVING BUILDINGS, LANDS, STREETS, PARKS, MONUMENTS AND OTHER HISTORICAL AND CULTURAL ASPECTS OF THE DOWNTOWN AREA OF TOPEKA, KANSAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KANAS AVENUE PROJECT - IS THE FUND RAISING CAMPAIGN ENTITLED "IMAGINE DOWNTOWN" THAT RAISED MONEY FROM THE PRIVATE SECTOR FOR THE ENHANCEMENTS TO THE KANSAS AVENUE PROJECT INCLUDING PARKS, PAVILLIONS, ARCHES, STATUES AND FOUNTAINS.
OTHER PROJECTS SUPPORTED BY THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Heiland III Treasurer | OfficerTrustee | 1 | $0 |
Kurt Young Vice-Chair | OfficerTrustee | 1 | $0 |
Ken Scott Secretary | OfficerTrustee | 1 | $0 |
Pat Michaelis Chair | OfficerTrustee | 1 | $0 |
Frank Burnam Board Member | Trustee | 1 | $0 |
Vince Frye Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $967,770 |
| Investment income | $5,619 |
| 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 | $989,588 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $308 |
| Other employee benefits | $55,305 |
| Payroll taxes | $18,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,715 |
| Advertising and promotion | $21,754 |
| Office expenses | $98,120 |
| Information technology | $110,504 |
| Royalties | $0 |
| Occupancy | $27,303 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,653 |
| Interest | $66,527 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,669 |
| Insurance | $18,023 |
| All other expenses | $0 |
| Total functional expenses | $818,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,261 |
| Savings and temporary cash investments | $25,198 |
| Pledges and grants receivable | $339,358 |
| 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 | $15,269 |
| Investments—publicly traded securities | $978,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,394,752 |
| Accounts payable and accrued expenses | $45,410 |
| 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 | $1,061,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,107,315 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $8,287,437 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Downtown Topeka Foundation has recieved totaling $331,984.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: FURTHER ACTIVITIES TO IMPROVE DOWNTOWN TOPEKA PLAZA. | | $297,651 |
Bnsf Foundation Fort Worth, TX PURPOSE: CIVIC | $33,333 |
Wmr Fam Foundation Tr Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Kansas Denver, CO | $25,496,430 | $27,631,308 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |
Missouri Ozarks Community Action Inc Richland, MO | $5,332,048 | $11,016,032 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Health Care Coalition Of Lafayette County Lexington, MO | $6,605,075 | $10,749,967 |
Better Family Life Inc Saint Louis, MO | $13,300,452 | $8,576,793 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
Cortex St Louis, MO | $86,543,841 | $5,279,863 |