Downtown Las Cruces Partnership
- Assets
- $138.5k
- Revenue
- $211.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Las Cruces, NM
- Founding
- Data as of
- 06/2021
- EIN
- 80-0023079
Organization Overview
Downtown Las Cruces Partnership is located in Las Cruces, NM. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Downtown Las Cruces Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Las Cruces Partnership 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 06/2021, Downtown Las Cruces Partnership generated $211.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $140.2k during the year ending 06/2021. While expenses have increased by 2.7% 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 REVITALIZATION OF THE MAIN STREET/MALL AREA OF LAS CRUCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBTAIN FUNDING AND PARTICIPATED IN THE REVITALIZATION OF THE DOWNTOWN MALL AREA OF LAS CRUCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cruise Vice Preside | OfficerTrustee | $0 | |
Kristin Moorehead Secretary | OfficerTrustee | $0 | |
Kevin L Tegmeyer President | OfficerTrustee | $0 | |
Craig Buchanan Former Presi | Trustee | $0 | |
Joni Gutierrez Director | Trustee | $0 | |
Tamera Ahner Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $7,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,311 |
| Total Program Service Revenue | $130,638 |
| Investment income | $2 |
| 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 | $210,951 |
| 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 | $74,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,296 |
| Office expenses | $4,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,650 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71 |
| Interest | $86 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114 |
| Insurance | $8,150 |
| All other expenses | $165 |
| Total functional expenses | $140,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,484 |
| Savings and temporary cash investments | $30,874 |
| 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 | $123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,481 |
| 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 | $29,221 |
| Total liabilities | $29,221 |
| Net assets without donor restrictions | $92,303 |
| Net assets with donor restrictions | $16,957 |
| 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 | $138,481 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Las Cruces Partnership has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: Grant to support AARP's livable communities initiative | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |