Downtown Dallas Inc Foundation
- Assets
- $750.0k
- Revenue
- $2.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1983
- Data as of
- 12/2023
- EIN
- 75-1871246
Organization Overview
Downtown Dallas Inc Foundation is located in Dallas, TX. The organization was established in 1983. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Downtown Dallas Inc 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 12/2023, Downtown Dallas Inc Foundation generated $2.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (59.6%) each year. All expenses for the organization totaled $2.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (56.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Downtown Dallas Inc Foundation has awarded 13 individual grants totaling $4,122,810. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN DALLAS, INC. FOUNDATION IS THE CHARITABLE ARM OF DOWNTOWN DALLAS, INC. WHOSE PURPOSE IS TO HELP MAKE THE AREA IN AND AROUND DOWNTOWN DALLAS A MORE VIBRANT AND LIVABLE PLACE FOR BOTH DAYTIME AND PERMANENT RESIDENTS BY PROMOTING THE DEVELOPMENT OF PARKS AND OPEN SPACES, DIVERSE CULTURAL, EDUCATIONAL AND RECREATIONAL RESOURCES, AND AMENITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTS EXISTING DOWNTOWN PROGRAMS AND SERVICES IN THE AREAS OF PUBLIC SAFETY, MAINTENANCE, CAPITAL IMPROVEMENTS AND COMMUNICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Scripps President & CEO | OfficerTrustee | 1 | $0 |
Amy Tharp COO | OfficerTrustee | 1 | $0 |
Jenny Bania Director | Trustee | 1 | $0 |
Melanie Ferguson Director | Trustee | 1 | $0 |
Charles Glover Director | Trustee | 1 | $0 |
Amy Meadows Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| 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 | $2,074 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105 |
| Savings and temporary cash investments | $749,924 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $750,029 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $750,029 |
| 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 | $750,029 |
Grants Awarded
Over the last fiscal year, Downtown Dallas Inc Foundation has awarded $393,281 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS EDUCATION FOUNDATION PURPOSE: CLASSROOM MATERIALS | $93,281 |
PARKS FOR DOWNTOWN DALLAS PURPOSE: WEST END SQUARE | $300,000 |