Downtown Phoenix Partnership Inc
- Assets
- $1.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 86-0673650
Organization Overview
Downtown Phoenix Partnership Inc is located in Phoenix, AZ. The organization was established in 1991. 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 Phoenix Partnership Inc 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 12/2021, Downtown Phoenix Partnership Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PARTNERSHIP PROVIDES ENHANCED SERVICES TO THE DOWNTOWN PHOENIX CORE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREETSCAPE AND URBAN DESIGN: TO MAINTAIN THE DISTRICTS LANDSCAPE AND PEDESTRIAN AMENITIES. COORDINATION TO CREATE PEDESTRIAN FRIENDLY EXPERIENCE AND A UNIQUE IDENTITY FOR DOWNTOWN PHOENIX.STREETSCAPE MAINTENANCE: INCLUDES TREE MAINTENANCE AND REPLACEMENT, MAINTENANCE OF THE IRRIGATION SYSTEM FROM THE GROUND UP.SPECIAL PROJECTS: ADVISORY GROUP REPRESENTING ALL DOWNTOWN INTEREST, PROVIDES STREET ENTERTAINMENT AND LIVE MUSIC EACH MONTH DURING THE FIRST FRIDAY AND ART WALK TO PROMOTE TRAFFIC TO ESTABLISHMENTS.
MARKETING: TO PROVIDE A BUSINESS DIRECTORY, DINING GUIDE, CALENDAR OF EVENTS AND QUARTERLY NEWSPAPER TO THE PUBLIC. PROVIDE A FORUM FOR MERCHANTS TO DISCUSS COMMON ISSUES AND DEVELOP SPECIAL PROMOTIONS AND EVENTS.
BUSINESS DEVELOPMENT: ECONOMIC DEVELOPMENT WITHIN THE BUSINESS IMPROVEMENT DISTRICT. WE WORK WITH DEVELOPERS TO FIND AVAILABLE PROPERTIES, BROKERS TO IDENTIFY AVAILABLE OFFICE/TENANT SPACES AND INCREASE BUSINESS AND RESIDENTIAL OCCUPANCY IN THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Price Chief Marketing Officer | 40 | $130,664 | |
Ron Butler Chairman | OfficerTrustee | 1 | $0 |
Nickie Casciaro Secretary | OfficerTrustee | 1 | $0 |
Devney Preuss President/ceo - Dpi | OfficerTrustee | 12 | $0 |
Jeff Moloznik Vice Chair | OfficerTrustee | 1 | $0 |
Mike Ehmann Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,591,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $75 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,591,201 |
| Total Program Service Revenue | $116,272 |
| Investment income | $67 |
| 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 | $3,711,813 |
| 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 | $1,710,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $443,826 |
| Payroll taxes | $124,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,772 |
| Fees for services: Accounting | $33,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $480,083 |
| Advertising and promotion | $0 |
| Office expenses | $109,922 |
| Information technology | $87,959 |
| Royalties | $0 |
| Occupancy | $227,175 |
| Travel | $6,354 |
| 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 | $95,022 |
| Insurance | $55,923 |
| All other expenses | $14,486 |
| Total functional expenses | $3,600,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,958 |
| Savings and temporary cash investments | $183,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,201 |
| Prepaid expenses and deferred charges | $29,710 |
| Net Land, buildings, and equipment | $274,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $642,555 |
| Total assets | $1,235,093 |
| Accounts payable and accrued expenses | $11,360 |
| 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 | $18,397 |
| Total liabilities | $29,757 |
| Net assets without donor restrictions | $1,205,336 |
| 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 | $1,235,093 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Phoenix Partnership Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ PURPOSE: A STAFF GIVING GRANT TO SUPPORT A CHILDREN'S PLAYGROUND AND COMMUNITY SPACE AT THE HERBERGER THEATER CENTER. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |
Community Action Partnership Of Sonoma County Santa Rosa, CA | $6,669,063 | $15,581,119 |
Ideoorg San Francisco, CA | $12,398,491 | $9,854,732 |
Reinvent Stockton Foundation Stockton, CA | $46,832,546 | $19,773,564 |
Project Access Inc Orange, CA | $2,961,540 | $13,042,187 |
East Los Angeles Community Union Los Angeles, CA | $130,392,954 | $16,987,947 |
Gamaliel Of California Santa Rosa, CA | $3,034,268 | $10,017,971 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |