St Petersburg Downtown Partnership Inc
- Assets
- $3.0m
- Revenue
- $1.9m
- Investments
- $20.0k
- Employees
- 3
- Location
- St Petersburg, FL
- Founding
- 04/1965
- Data as of
- 09/2021
- EIN
- 59-1008936
Organization Overview
St Petersburg Downtown Partnership Inc is located in St Petersburg, FL. The organization was established in 1965. 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. As of 09/2021, St Petersburg Downtown Partnership Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Petersburg Downtown Partnership Inc 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 09/2021, St Petersburg Downtown Partnership Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 09/2021. While expenses have increased by 5.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE DEVELOPMENT OF DOWNTOWN ST. PETERSBURG, FL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST. PETERSBURG DOWNTOWN PARTNERSHIP'S MISSION IS TO BRING ABOUT QUALITY DEVELOPMENT AND BUSINESS GROWTH IN DOWNTOWN ST. PETERSBURG, FL. IT ACCOMPLISHES THIS MISSION BY A MULTITUDE OF VARIOUS FUNCTIONS. THE MAJOR FUNCTIONS OF THE PARTNERSHIP INCLUDES ASSISTING IN THE DEVELOPMENT OF USF ST. PETERSBURG, THE USF MARINE RESEARCH COMPLEX, THE CITY'S INNOVATION DISTRICT AND OTHER ECONOMIC DRIVERS. ANOTHER MAJOR FUNCTION IS THE MANAGEMENT AND OPERATION OF THE "LOOPER," A DOWNTOWN TROLLEY OPERATION. ALSO, THE ORGANIZATION SERVES ITS MEMBERSHIP BASE, WHICH CONSISTS OF AREA BUSINESSES AND PROFESSIONALS, THAT ARE COMMITTED TO AN ECONOMICALLY AND CULTURALLY VIBRANT DOWNTOWN ST. PETERSBURG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Mathis CEO | Officer | $218,814 | |
Barclay Harless Vice Chair | OfficerTrustee | 2 | $0 |
Derek Houston Chair | OfficerTrustee | 3 | $0 |
Rob Kapusta Board Member | Trustee | 1 | $0 |
Dr Tonjua Williams Board Member | Trustee | 1 | $0 |
Irv Cohen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $229,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,522 |
| Total Program Service Revenue | $1,556,028 |
| Investment income | $23,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,904,988 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $189,000 |
| Other salaries and wages | $145,563 |
| Pension plan accruals and contributions | $10,780 |
| Other employee benefits | $33,388 |
| Payroll taxes | $22,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,244 |
| Fees for services: Other | $157,572 |
| Advertising and promotion | $122,443 |
| Office expenses | $41,235 |
| Information technology | $3,608 |
| Royalties | $0 |
| Occupancy | $12,013 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,711 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,100 |
| All other expenses | $95,135 |
| Total functional expenses | $1,985,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,264 |
| Savings and temporary cash investments | $1,526,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $38,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,341,185 |
| Investments—other securities | $20,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,978,036 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $913,908 |
| 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 | $4,755 |
| Total liabilities | $918,663 |
| Net assets without donor restrictions | $2,059,373 |
| 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 | $2,978,036 |
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