Civic Intelligence

Downtown Cincinnati Improvement District Inc.

990 • Fiscal year 2023 • EIN 31-1549493

Jan 01, 2023 to Dec 31, 2023 • Filed on May 02, 2024

1203 Walnut Street 4th FloorCincinnati, OH 45202

(513) 621-4400

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

38th percentile

-0.7%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

27th percentile

-2.7%

Faster asset growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.3%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$726,028

Down $20,181 (-2.7%) from 2022

Net Assets

Down

$724,670

Down $21,326 (-2.9%) from 2022

Liabilities

Up

$1,358

Up $1,145 (+538%) from 2022

Revenue

Down

$3,226,897

Down $41,864 (-1.3%) from 2022

Expenses

Down

$3,248,223

Down $1,849 (-0.1%) from 2022

Net Income

Down

-$21,326

Down $40,015 (-214%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2021: $737,575Liabilities 2021: $10,268Net Assets 2021: $727,3072021Assets 2022: $746,209Liabilities 2022: $213Net Assets 2022: $745,9962022Assets 2023: $726,028Liabilities 2023: $1,358Net Assets 2023: $724,6702023Assets 2024: $765,676Liabilities 2024: $274,262Net Assets 2024: $491,4142024

Highlighted filing

2023

Assets$726,028
Liabilities$1,358
Net Assets$724,670

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $2,875,449Expenses 2021: $3,118,436Net Income 2021: -$242,9872021Revenue 2022: $3,268,761Expenses 2022: $3,250,072Net Income 2022: $18,6892022Revenue 2023: $3,226,897Expenses 2023: $3,248,223Net Income 2023: -$21,3262023Revenue 2024: $3,356,567Expenses 2024: $3,589,822Net Income 2024: -$233,2552024

Highlighted filing

2023

Revenue$3,226,897
Expenses$3,248,223
Net Income-$21,326
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 2, 2024
Return Version
2023v5.0
Gross Receipts
$3,226,897
Mission and Program Overview

Mission

Creating a clean, safe, and welcoming environment downtown.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$664,732-
Cash and Non-Interest-Bearing Accounts$736,475$51,565▼ $684,910
Prepaid Expenses and Deferred Charges$9,734$9,731▼ $3
Total Assets$746,209$726,028▼ $20,181
Liabilities
Accounts Payable and Accrued Expenses$213$1,358▲ $1,145
Total Liabilities$213$1,358▲ $1,145
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$745,996$724,670▼ $21,326
Total Net Assets Fund Balance$745,996$724,670▼ $21,326
Total Liabilities and Net Assets / Fund Balance$746,209$726,028▼ $20,181
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian BankeChair
Jon BurgerVice Chair
Amanda DarnellTrustee
Bob DeckTrustee
Harry BlantonTrustee
Liz KeatingTrustee
Lindsey TaylorTrustee - Exited 10/23
Rob LancasterTrustee - Started 12/23
Kristi FarrisSecretary
Sheryl LongTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Downtown Cincinnati LLCService Contract1203 Walnut Street 4th Floor, Cincinnati, OH 45202$3,026,129
Revenue and Support

Revenue Composition

Contributions and Grants
$3,214,411
Program Service Revenue
$0
Investment Income
$12,486
Other Revenue
$0
Change in Net Assets
$-21,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,248,223
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,126,129--$3,126,129
Insurance-$14,604-$14,604
Fees for Services Accounting-$5,706-$5,706
Other Expenses-$267-$267
Total Functional Expenses$3,126,129$122,094$0$3,248,223
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The DCID directors and officers directly oversee the activities of DCID. However, the officers of DCI also oversee the activities of DCID. All employees that carry out the activities of DCID are employees of DCI's parent company, Cincinnati Center City Development Corporation (3CDC). 3CDC does not charge compensation of officers to DCI.

Form 990, Part VI, Section A, line 7A

Six members are elected by the members (property owners) with one appointee being the City Manager of the City of Cincinnati or designee, one appointee from the City Council of the City of Cincinnati and one appointee from the Board of County Commissioners of Hamilton County, Ohio.

Form 990, Part VI, Section A, line 7B

Per the Code of Regulations Specifically Reserved Powers of Sole Member. The Directors may not, without the prior approval of the sole member: dissolve the Corporation; convert it to another form or legal entity; transfer or dispose of substantially all of its assets; execute promissory notes, loan instruments, or otherwise cause the Corporation to incur or assume debt; or enter into a contract or agreement (or a series of related contracts or agreements) that obligates the Corporation to expend more than fifty thousand dollars ($50,000).

Form 990, Part VI, Section A, line 8B

There are no committees with authority to act on behalf of the organization.

Form 990, Part VI, Section B, line 11B

A copy of the 990 was presented to the board before it was filed.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is given to every Board member on an annual basis.

Form 990, Part VI, Section C, line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Cincinnati Improvement District
EIN
31-1549493
Phone
5136214400
Address
1203 Walnut Street 4th Floor, Cincinnati, OH 45202

Signing Officer

Name
Brian Banke
Title
Chairman
Phone
5136214400
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Banke
Formed
1997
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Barnes Dennig & Co LTD
Address
150 East Fourth Street, Cincinnati, OH 45202
Preparer
Paula Hume
Phone
5132418313
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Service Contract: Program service expenses 3,026,129. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,026,129. Fountain Square Operating Support: Program service expenses 100,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 100,000.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The DCID directors and officers directly oversee the activities of DCID. However, the officers of DCI also oversee the activities of DCID. All employees that carry out the activities of DCID are employees of DCI's parent company, Cincinnati Center City Development Corporation (3CDC). 3CDC does not charge compensation of officers to DCI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Six members are elected by the members (property owners) with one appointee being the City Manager of the City of Cincinnati or designee, one appointee from the City Council of the City of Cincinnati and one appointee from the Board of County Commissioners of Hamilton County, Ohio.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Per the Code of Regulations Specifically Reserved Powers of Sole Member. The Directors may not, without the prior approval of the sole member: dissolve the Corporation; convert it to another form or legal entity; transfer or dispose of substantially all of its assets; execute promissory notes, loan instruments, or otherwise cause the Corporation to incur or assume debt; or enter into a contract or agreement (or a series of related contracts or agreements) that obligates the Corporation to expend more than fifty thousand dollars ($50,000).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committees with authority to act on behalf of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A copy of the 990 was presented to the board before it was filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The conflict of interest policy is given to every Board member on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Service Contract: Program service expenses 3,026,129. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,026,129. Fountain Square Operating Support: Program service expenses 100,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 100,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0746209
IRS990/TotalAssetsEOYAmt0726028
IRS990/TotalAssetsGrp/BOYAmt0746209
IRS990/TotalAssetsGrp/EOYAmt0726028
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03214411
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122094
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03126129
IRS990/TotalFunctionalExpensesGrp/TotalAmt03248223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0213
IRS990/TotalLiabilitiesEOYAmt01358
IRS990/TotalLiabilitiesGrp/BOYAmt0213
IRS990/TotalLiabilitiesGrp/EOYAmt01358
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0745996
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0724670
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03126129
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt012486
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03226897
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0746209
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0726028
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01203 Walnut Street 4th Floor
IRS990/USAddress/CityNm0Cincinnati
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045202
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0n/a
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Banke
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum05136214400
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Downtown Cincinnati Improvement District
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0311549493
ReturnHeader/Filer/PhoneNum05136214400
ReturnHeader/Filer/USAddress/AddressLine1Txt01203 Walnut Street 4th Floor
ReturnHeader/Filer/USAddress/CityNm0Cincinnati
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045202
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311119890
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barnes Dennig & Co LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0150 East Fourth Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cincinnati
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045202
ReturnHeader/PreparerPersonGrp/PhoneNum05132418313
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Paula Hume
ReturnHeader/ReturnTs02024-05-03T12:14:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Brian
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Banke
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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