Civic Intelligence

Downcity Design

990 • Fiscal year 2017 • EIN 27-1125644

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 09, 2017

425 West Fountain StreetProvidence, RI 02903

(401) 952-8227

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$48,462

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

80th percentile

37%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

47%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$233,692

Up $63,401 (+37%) from 2016

Net Assets

Up

$228,965

Up $72,536 (+46%) from 2016

Liabilities

Down

$4,727

Down $9,135 (-66%) from 2016

Revenue

Up

$397,217

Up $126,158 (+47%) from 2016

Expenses

Up

$324,681

Up $105,950 (+48%) from 2016

Net Income

Up

$72,536

Up $20,208 (+39%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $108,360Liabilities 2015: $4,259Net Assets 2015: $104,1012015Assets 2016: $170,291Liabilities 2016: $13,862Net Assets 2016: $156,4292016Assets 2017: $233,692Liabilities 2017: $4,727Net Assets 2017: $228,9652017Assets 2018: $354,241Liabilities 2018: $6,063Net Assets 2018: $348,1782018Assets 2019: $430,785Liabilities 2019: $6,369Net Assets 2019: $424,4162019Assets 2020: $784,547Liabilities 2020: $278,462Net Assets 2020: $506,0852020Assets 2021: $1,131,271Liabilities 2021: $259,038Net Assets 2021: $872,2332021Assets 2022: $1,506,630Liabilities 2022: $229,390Net Assets 2022: $1,277,2402022Assets 2023: $2,135,514Liabilities 2023: $253,504Net Assets 2023: $1,882,0102023Assets 2024: $2,598,585Liabilities 2024: $244,072Net Assets 2024: $2,354,5132024

Highlighted filing

2017

Assets$233,692
Liabilities$4,727
Net Assets$228,965

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2015: $248,364Expenses 2015: $178,030Net Income 2015: $70,3342015Revenue 2016: $271,059Expenses 2016: $218,731Net Income 2016: $52,3282016Revenue 2017: $397,217Expenses 2017: $324,681Net Income 2017: $72,5362017Revenue 2018: $526,388Expenses 2018: $407,175Net Income 2018: $119,2132018Revenue 2019: $566,093Expenses 2019: $489,855Net Income 2019: $76,2382019Revenue 2020: $570,899Expenses 2020: $489,230Net Income 2020: $81,6692020Revenue 2021: $835,344Expenses 2021: $469,196Net Income 2021: $366,1482021Revenue 2022: $929,354Expenses 2022: $524,347Net Income 2022: $405,0072022Revenue 2023: $1,057,990Expenses 2023: $453,220Net Income 2023: $604,7702023Revenue 2024: $1,180,576Expenses 2024: $708,073Net Income 2024: $472,5032024

Highlighted filing

2017

Revenue$397,217
Expenses$324,681
Net Income$72,536
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$397,217
Mission and Program Overview

Mission

DownCity Design helps people design improvements to strengthen their communities.

DownCity Design is dedicated to helping people design solutions for their communities. Our goal is to improve the core cities of Rhode Island by inviting citizens to imagine and create better futures, using tools of design.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$118,698$164,747▲ $46,049
Accounts Receivable$21,133$42,414▲ $21,281
Land, Buildings, and Equipment, Net$27,311$22,368▼ $4,943
Prepaid Expenses and Deferred Charges$1,624$2,638▲ $1,014
Total Assets$170,291$233,692▲ $63,401
Other Assets Total$1,525$1,525→ $0
Liabilities
Other Liabilities$5,934--
Accounts Payable and Accrued Expenses$7,928$4,727▼ $3,201
Total Liabilities$13,862$4,727▼ $9,135
Net Assets / Fund Balance
Unrestricted Net Assets$124,234$184,572▲ $60,338
Temporarily Rstr Net Assets$32,195$44,393▲ $12,198
Total Net Assets Fund Balance$156,429$228,965▲ $72,536
Total Liabilities and Net Assets / Fund Balance$170,291$233,692▲ $63,401

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,117$7,647$26,764
Equipment$3,251$2,241$5,492
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Adrienne GagnonExecutive DirectorFT$48,462$48,462

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$243,069
Program Service Revenue
$154,148
Investment Income
$0
Other Revenue
$0
All Other Contributions
$164,431
Change in Net Assets
$72,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$182,587
Other Expenses$142,094
Total Fundraising Expense$28,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,834$4,687$0$112,521
Fees for Services Other$60,238$4,801$0$65,039
Current Officers, Directors, Trustees, and Key Employees$5,400$28,617$19,983$54,000
Occupancy$14,975$4,404$2,642$22,021
Payroll Taxes$8,356$2,458$1,474$12,288
Insurance$4,475$1,316$790$6,581
Depreciation Depletion$4,622$321$0$4,943
Other Employee Benefits$2,569$756$453$3,778
Office Expenses$0$2,191$1,129$3,320
All Other Expenses$1,174$344$873$2,391
Travel$1,478$0$0$1,478
Other Expenses$249$73$44$366
Total Functional Expenses$246,408$50,014$28,259$324,681
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Filing and Contact Details

Filer

Filer Name
DownCity Design
EIN
27-1125644
Phone
4019528227
Address
425 West Fountain Street, Providence, RI 02903

Signing Officer

Name
Adrienne Gagnon
Title
Executive Director
Phone
4019528227
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
10
Employees
26
Volunteers
30

Preparer

Firm
Aaronson Lavoie Streitfeld Diaz & Co Pc
Address
1604 BROAD ST, CRANSTON, RI 02905-4130
Preparer
Adam Diaz
Phone
4012230205
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

Financial statements, governing documents, conflict of interest policy avialable upon request in writing to the organization's mailing address

Pt VI, Line 2

Board President, Manuel Cordero Alvarado is married to Executive Director, Adrienne Gagnon

Pt VI, Line 11B

Finance committee reviews and approves the financial statements upon which the tax return is based.

Pt VI, Line 12C

Board memebers sign a disclosure document annually

Pt VI, Line 15A

Compensation is based upon similar positions in similar size organizations

Pt VI, Line 15B

Compensation is based upon similar positions in similar size organizations

Form 990, Part IX, Line 24E

Telephone and internet 1524. 1036. 305. 183.

Form 990, Part IX, Line 24E

Professional development 148. 101. 30. 17.

Form 990, Part IX, Line 24E

Equipment rental and maintenace 46. 37. 9. 0.

Form 990, Part IX, Line 24E

Fund-raising expenses 673. 0. 0. 673.

Financial Statement Notes

Pt X, Line 2

DownCity Design is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for year ending June 30, 2017. The organization is generally no longer subject to examination by the Internal Revenue Service for years before fiscal year 2014.

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IRS990/Desc0IN 2016/2017 DOWNCITY DESIGN SERVED OVER 250 YOUTH THROUGH OUR FREE IN-SCHOOL, AFTER SCHOOL, AND SUMMER DESIGN EDUCATION PROGRAMS IN WHICH YOUNG PEOPLE DESIGNED AND BUILT NEW STRUCTURES FOR PUBLIC SPACES. FOUR NEW AMENITIES WERE CREATED FOR PROVIDENCE PUBLIC SCHOOLS. OUR PROGRAMS HELP TO DEVELOP STUDENTS' CRITICAL THINKING, CREATIVE PROBLEM SOLVING, AND STEAM SKILLS, ALL OF WHICH HAVE BEEN DEEMED CRUCIAL SKILLS FOR AN EFFECTIVE 21ST CENTURY WORKFORCE.
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Adrienne Gagnon
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0154148
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0185718
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt084173
IRS990/PYOtherRevenueAmt0768
IRS990/PYProgramServiceRevenueAmt084573
IRS990/PYRevenuesLessExpensesAmt052328
IRS990/PYSalariesCompEmpBnftPaidAmt0134558
IRS990/PYTotalExpensesAmt0218731
IRS990/PYTotalRevenueAmt0271059
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt072536
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0154148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0243069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0185718
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0246308
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0144113
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt063487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0882695
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0242754
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77680
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.82120
IRS990ScheduleA/PublicSupportTotal170Amt0685660
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0197035
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0243069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0185718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0246308
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0144113
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt063487
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0882695
IRS990ScheduleA/TotalSupportAmt0882695
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt03251
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02241
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05492
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019117
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07647
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll liabilities
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DownCity Design is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for year ending June 30, 2017. The organization is generally no longer subject to examination by the Internal Revenue Service for years before fiscal year 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022368
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Financial statements, governing documents, conflict of interest policy avialable upon request in writing to the organization's mailing address
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board President, Manuel Cordero Alvarado is married to Executive Director, Adrienne Gagnon
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Finance committee reviews and approves the financial statements upon which the tax return is based.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board memebers sign a disclosure document annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation is based upon similar positions in similar size organizations
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation is based upon similar positions in similar size organizations
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Telephone and internet 1524. 1036. 305. 183.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Professional development 148. 101. 30. 17.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Equipment rental and maintenace 46. 37. 9. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Fund-raising expenses 673. 0. 0. 673.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt032195
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt044393
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0170291
IRS990/TotalAssetsEOYAmt0233692
IRS990/TotalAssetsGrp/BOYAmt0170291
IRS990/TotalAssetsGrp/EOYAmt0233692
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0243069
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028259
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050014
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246408
IRS990/TotalFunctionalExpensesGrp/TotalAmt0324681
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013862
IRS990/TotalLiabilitiesEOYAmt04727
IRS990/TotalLiabilitiesGrp/BOYAmt013862
IRS990/TotalLiabilitiesGrp/EOYAmt04727
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0156429
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0228965
IRS990/TotalProgramServiceExpensesAmt0246408
IRS990/TotalProgramServiceRevenueAmt0154148
IRS990/TotalReportableCompFromOrgAmt048462
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0154148
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0397217
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0170291
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0233692
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt01478
IRS990/TravelGrp/TotalAmt01478
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0124234
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0184572
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0425 West Fountain Street
IRS990/USAddress/CityNm0Providence
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002903

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