International Downtown Association Foundation
- Assets
- $658.9k
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-3016553
Organization Overview
International Downtown Association Foundation is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Downtown Association 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, International Downtown Association Foundation generated $600.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $487.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION (FOUNDATION) IS A CHARITABLE ORGANIZATION ESTABLISHED TO WORK IN COLLABORATION WITH INTERNATIONAL DOWNTOWN ASSOCIATION (IDA) TO PROVIDE SUPPORT FOR THE OPERATION OF CHARITABLE AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION IS FUNDED PRIMARILY THROUGH GRANTS AND CONTRIBUTORS WHO WISH TO SUPPORT COMMUNITY LEADERS AND GROUPS ENGAGING IN AND SUPPORTING RESEARCH FOR URBAN RENEWAL AND DEVELOPMENT. IDA'S FUNDRAISING ACTIVITIES CONSIST OF TIME AND EFFORT TO ASSIST WITH FOUNDATION'S OPERATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Downey President | OfficerTrustee | 1 | $0 |
Davon Barbour Board Member | OfficerTrustee | 1 | $0 |
Jessica Lappin Board Member | OfficerTrustee | 1 | $0 |
Raphael Clemente Board Member | OfficerTrustee | 1 | $0 |
Betsy Brennan Board Member | OfficerTrustee | 1 | $0 |
Andy Taft Board Member | 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 | $600,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $600,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,224 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $305,010 |
| 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 | $30,625 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,298 |
| 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 | $727 |
| 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 | $487,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,906 |
| Savings and temporary cash investments | $0 |
| 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 | $658,906 |
| Accounts payable and accrued expenses | $66,637 |
| 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 | $66,637 |
| Net assets without donor restrictions | $1,501 |
| Net assets with donor restrictions | $590,768 |
| 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 | $658,906 |