Civic Intelligence

Downtown Improvement District Inc Portlands Downtown District

990 • Fiscal year 2020 • EIN 01-0473460

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 14, 2021

PO Box 8593Portland, ME 04104

(207) 772-6828

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.02x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

42nd percentile

4.7%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$108,469

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

61st percentile

7.0%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

2.1%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$221,244

Up $14,493 (+7.0%) from 2019

Net Assets

Up

$200,385

Up $51,908 (+35%) from 2019

Liabilities

Down

$20,859

Down $37,415 (-64%) from 2019

Revenue

Up

$1,104,949

Up $23,044 (+2.1%) from 2019

Expenses

Up

$1,053,041

Up $10,325 (+1.0%) from 2019

Net Income

Up

$51,908

Up $12,719 (+32%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $349,543Liabilities 2011: $132,544Net Assets 2011: $216,9992011Assets 2012: $326,093Liabilities 2012: $149,363Net Assets 2012: $176,7302012Assets 2013: $334,874Liabilities 2013: $164,946Net Assets 2013: $169,9282013Assets 2014: $332,044Liabilities 2014: $166,878Net Assets 2014: $165,1662014Assets 2015: $319,156Liabilities 2015: $107,058Net Assets 2015: $212,0982015Assets 2016: $240,318Liabilities 2016: $102,986Net Assets 2016: $137,3322016Assets 2017: $214,681Liabilities 2017: $68,627Net Assets 2017: $146,0542017Assets 2018: $149,731Liabilities 2018: $40,443Net Assets 2018: $109,2882018Assets 2019: $206,751Liabilities 2019: $58,274Net Assets 2019: $148,4772019Assets 2020: $221,244Liabilities 2020: $20,859Net Assets 2020: $200,3852020Assets 2021: $317,810Liabilities 2021: $51,194Net Assets 2021: $266,6162021Assets 2022: $360,015Liabilities 2022: $58,826Net Assets 2022: $301,1892022Assets 2023: $445,315Liabilities 2023: $46,067Net Assets 2023: $399,2482023Assets 2024: $476,232Liabilities 2024: $66,057Net Assets 2024: $410,1752024

Highlighted filing

2020

Assets$221,244
Liabilities$20,859
Net Assets$200,385

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $847,072Expenses 2011: $833,171Net Income 2011: $13,9012011Revenue 2012: $861,437Expenses 2012: $901,706Net Income 2012: -$40,2692012Revenue 2013: $849,033Expenses 2013: $855,835Net Income 2013: -$6,8022013Revenue 2014: $792,623Expenses 2014: $797,385Net Income 2014: -$4,7622014Revenue 2015: $908,066Expenses 2015: $861,134Net Income 2015: $46,9322015Revenue 2016: $857,697Expenses 2016: $932,463Net Income 2016: -$74,7662016Revenue 2017: $912,473Expenses 2017: $903,754Net Income 2017: $8,7192017Revenue 2018: $890,236Expenses 2018: $927,002Net Income 2018: -$36,7662018Revenue 2019: $1,081,905Expenses 2019: $1,042,716Net Income 2019: $39,1892019Revenue 2020: $1,104,949Expenses 2020: $1,053,041Net Income 2020: $51,9082020Revenue 2021: $1,068,998Expenses 2021: $1,002,767Net Income 2021: $66,2312021Revenue 2022: $1,084,655Expenses 2022: $1,050,082Net Income 2022: $34,5732022Revenue 2023: $1,315,803Expenses 2023: $1,217,744Net Income 2023: $98,0592023Revenue 2024: $1,303,508Expenses 2024: $1,292,581Net Income 2024: $10,9272024

Highlighted filing

2020

Revenue$1,104,949
Expenses$1,053,041
Net Income$51,908
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 14, 2021
Return Version
2019v5.0
Gross Receipts
$1,104,949
Mission and Program Overview

Mission

Downtown Improvement District (PDD) is in the business of maintaining a clean and safe downtown while building and promoting a vibrant business, residential and tourism destination.

Portland downtown stimulates a vibrant, thriving, and sustainable downtown community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$140,182$109,073▼ $31,109
Savings and Temporary Cash Investments$45,892$81,707▲ $35,815
Accounts Receivable$6,511$18,407▲ $11,896
Prepaid Expenses and Deferred Charges$12,159$10,563▼ $1,596
Land, Buildings, and Equipment, Net$813$300▼ $513
Total Assets$206,751$221,244▲ $14,493
Other Assets Total$1,194$1,194→ $0
Liabilities
Other Liabilities$28,713$12,692▼ $16,021
Accounts Payable and Accrued Expenses$29,561$8,167▼ $21,394
Total Liabilities$58,274$20,859▼ $37,415
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$128,351$160,259▲ $31,908
Net Assets With Donor Restrictions$20,126$40,126▲ $20,000
Total Net Assets Fund Balance$148,477$200,385▲ $51,908
Total Liabilities and Net Assets / Fund Balance$206,751$221,244▲ $14,493

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$300$79,294$79,594
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Casey GilbertOutgoing EdFT$108,469$108,469

Board Members and Trustees

NameTitle
David PackardBoard Chair
Kimberly VolkChairman
Bob KeeganDirector
Dan MirabileDirector
David DavisDirector
Dawn HomaDirector
Doane DorchesterDirector
Gillian WestDirector
Karen CoffinDirector
Kim FarrarDirector
Krista ColeDirector
Michael EricksonDirector
Neil ReiterDirector
Sara BrownDirector
Sarah MartinDirector
Sue-ellen McclainDirector
Cary TysonIncoming Ed
Denine LeemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$64,045
Investment Income
$688
Other Revenue
$1,040,216
Change in Net Assets
$51,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$736,788
Salaries, Compensation, and Employee Benefits$316,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,000$129,341-$149,341
Current Officers, Directors, Trustees, and Key Employees-$108,469-$108,469
Other Employee Benefits$2,438$32,397-$34,835
All Other Expenses$10,180$21,065-$31,245
Occupancy-$29,393-$29,393
Office Expenses-$23,721-$23,721
Payroll Taxes$1,530$18,223-$19,753
Advertising-$19,702-$19,702
Conferences and Meetings-$16,254-$16,254
Other Expenses$15,074--$15,074
Insurance-$7,592-$7,592
Fees for Services Legal-$7,378-$7,378
Pension Plan Contributions-$3,855-$3,855
Fees for Services Accounting-$3,326-$3,326
Information Technology-$1,807-$1,807
Depreciation Depletion-$513-$513
Total Functional Expenses$630,005$423,036$0$1,053,041
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Park & Work New Liability$8,393
P&s Green Tickets Sold$2,388
Gsb Visa$1,911
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Draft copy of form 990 was reviewed by executive director with outside cpa firm for accuracy and completeness prior to filing. The executive director, board members, and tax preparer review all questions and documents on form 990.

Form 990, Page 6, Part VI, Line 12C

Policies are discussed and reviewed at the annual board meeting. Any departures from policy are discussed at monthly board meetings.

Form 990, Page 6, Part VI, Line 15A

The board reviews the executive director's salary on an annual basis and approves the compensation package and health insurance policies. The committee reviews comparable non-profit ed salaries locally, regionally and nationally during the process.

Form 990, Page 6, Part VI, Line 15B

The review involves a small committee comprised of board members. The committee reviews comparable non-profit ed salaries locally, regionally and nationally during the process.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policies, and form 990 available on the website. Portland downtown's financials are reviewed by an independent cpa and will be made available to property owners and businesses in the district on request to the board of directors via the executive director.

Filing and Contact Details

Filer

Filer Name
Downtown Improvement District Inc
EIN
01-0473460
Phone
2077726828
Address
PO BOX 8593, PORTLAND, ME 04104
Doing Business As
Portland Downtown

Signing Officer

Name
David Packard
Title
Board Chair
Phone
2077723828
Signed
2021-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cary Tyson
Formed
1992
Legal Domicile
Me
Voting Board Members
17
Independent Board Members
17
Employees
4

Preparer

Firm
The Swanson Group LLC
Address
838 MAIN STREET, WESTBROOK, ME 04092-2847
Preparer
Tabitha C Swanson CPA
Phone
2073703490
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IRS990/Form990PartVIISectionAGrp/TitleTxt0OUTGOING ED
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0PORTLAND DOWNTOWN STIMULATES A VIBRANT, THRIVING, AND SUSTAINABLE DOWNTOWN COMMUNITY.
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IRS990/OtherExpensesGrp/Desc0PROGRAM - GENERAL MAINT
IRS990/OtherExpensesGrp/Desc1PROGRAM - PROMOTIONS
IRS990/OtherExpensesGrp/Desc2PROGRAM - DOWNTOWN EVENTS
IRS990/OtherExpensesGrp/Desc3PROGRAM - PARKING & TRANS
IRS990/OtherExpensesGrp/ProgramServicesAmt0404862
IRS990/OtherExpensesGrp/ProgramServicesAmt1131917
IRS990/OtherExpensesGrp/ProgramServicesAmt244004
IRS990/OtherExpensesGrp/ProgramServicesAmt315074
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IRS990/OtherRevenueMiscGrp/Desc0CITY OF PORTLAND, ME
IRS990/OtherRevenueMiscGrp/Desc1DIRECTORY INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
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IRS990/ProgSrvcAccomActy2Grp/Desc0PD IS THE DAY-TO-DAY MANAGEMENT ENTITY FOR THE DOWNTOWN-PORTLAND REGION. FREE DOWNTOWN EVENTS INCLUDE: WINTER LIGHTS, WINTER HOLIDAY EVENTS, DOWNTOWN WORKER APPRECIATION DAY, AND SUMMER OUTDOOR MUSIC AND PERFORMANCE EVENING IN DOWNTOWN PARKS, TO NAME A FEW. PD CO-MANAGES A VISITOR KIOSK WITH VISIT PORTLAND IN THE DOWNTOWN AREA TO ENCOURAGE TOURISM.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt048739
IRS990/ProgSrvcAccomActy3Grp/Desc0PD MAINTAINS A PARKING VALIDATION PROGRAM: PARK & WORK. PARK & WORK PROVIDES PARKING DISCOUNTS FOR LOW TO MODERTE INCOME EMPLOYEES, OR UNPAID VOLUNTEERS. EMPLOYEES PRESENT PARKING TICKETS TO THEIR EMPLOYERS, WHO IN TURN AFFIX A DISCOUNT STAMP.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PARK & WORK NEW LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1P&S GREEN TICKETS SOLD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2GSB VISA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT COPY OF FORM 990 WAS REVIEWED BY EXECUTIVE DIRECTOR WITH OUTSIDE CPA FIRM FOR ACCURACY AND COMPLETENESS PRIOR TO FILING. THE EXECUTIVE DIRECTOR, BOARD MEMBERS, AND TAX PREPARER REVIEW ALL QUESTIONS AND DOCUMENTS ON FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICIES ARE DISCUSSED AND REVIEWED AT THE ANNUAL BOARD MEETING. ANY DEPARTURES FROM POLICY ARE DISCUSSED AT MONTHLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ON AN ANNUAL BASIS AND APPROVES THE COMPENSATION PACKAGE AND HEALTH INSURANCE POLICIES. THE COMMITTEE REVIEWS COMPARABLE NON-PROFIT ED SALARIES LOCALLY, REGIONALLY AND NATIONALLY DURING THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REVIEW INVOLVES A SMALL COMMITTEE COMPRISED OF BOARD MEMBERS. THE COMMITTEE REVIEWS COMPARABLE NON-PROFIT ED SALARIES LOCALLY, REGIONALLY AND NATIONALLY DURING THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FORM 990 AVAILABLE ON THE WEBSITE. PORTLAND DOWNTOWN'S FINANCIALS ARE REVIEWED BY AN INDEPENDENT CPA AND WILL BE MADE AVAILABLE TO PROPERTY OWNERS AND BUSINESSES IN THE DISTRICT ON REQUEST TO THE BOARD OF DIRECTORS VIA THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.48$0.07$0.41$1.30$1.29$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.05$0.40$1.32$1.22$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.30$1.08$1.05$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.05$0.27$1.07$1.00$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.22$0.02$0.20$1.10$1.05$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.06$0.15$1.08$1.04$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.04$0.11$0.89$0.93$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.07$0.15$0.91$0.90$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.10$0.14$0.86$0.93$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.11$0.21$0.91$0.86$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.17$0.17$0.79$0.80$0.00
2013Summary only. Only limited summary data is available for this year.$0.33$0.16$0.17$0.85$0.86$0.01
2012Summary only. Only limited summary data is available for this year.$0.33$0.15$0.18$0.86$0.90$0.04
2011Summary only. Only limited summary data is available for this year.$0.35$0.13$0.22$0.85$0.83$0.01
Peer Organizations

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