Civic Intelligence

Downtown Bloomington Inc

990 • Fiscal year 2020 • EIN 35-1627278

Jan 01, 2020 to Dec 31, 2020 • Filed on May 07, 2021

Organization Profilewww.downtownbloomington.com
302 South College AveBloomington, IN 47403

(812) 336-3681

Siviq Scores

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

Liabilities / Assets

68th percentile

0.07x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.07x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

93rd percentile

49%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

$344,071

No earlier filing loaded for comparison.

Net Assets

$319,368

No earlier filing loaded for comparison.

Liabilities

$24,702

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin93rd percentile

Revenue

$347,439

No earlier filing loaded for comparison.

Expenses

$176,953

No earlier filing loaded for comparison.

Net Income

$170,486

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2020: $344,071Liabilities 2020: $24,702Net Assets 2020: $319,3682020Assets 2021: $443,066Liabilities 2021: $55,301Net Assets 2021: $387,7652021Assets 2022: $421,258Liabilities 2022: $55,530Net Assets 2022: $365,7282022Assets 2023: $528,241Liabilities 2023: $38,782Net Assets 2023: $489,4592023Assets 2024: $416,664Liabilities 2024: $42,013Net Assets 2024: $374,6512024

Highlighted filing

2020

Assets$344,071
Liabilities$24,702
Net Assets$319,368
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2020: $347,439Expenses 2020: $176,953Net Income 2020: $170,4862020Revenue 2021: $379,777Expenses 2021: $312,609Net Income 2021: $67,1682021Revenue 2022: $385,571Expenses 2022: $407,608Net Income 2022: -$22,0372022Revenue 2023: $596,632Expenses 2023: $472,901Net Income 2023: $123,7312023Revenue 2024: $438,209Expenses 2024: $553,017Net Income 2024: -$114,8082024

Highlighted filing

2020

Revenue$347,439
Expenses$176,953
Net Income$170,486
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.1
Gross Receipts
$347,439
Mission and Program Overview

Mission

Downtown Bloomington Inc seeks to educate the public about the benefits of a strong Downtown. To Facilitate public and private partnerships and to provide unified leadership in order to stregthen and support Downtown as the center for cultural and artistic experiences. Promote the Convention Center venue downtown for meetings and events.

Downtown BloomingtonInc seeks to educate the public about the benefits of a strong Downtown, to Facilitate public and private partnerships and to provide unified leadership in order to streghthen and support Downtown.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$177,876$289,703▲ $111,827
Land, Buildings, and Equipment, Net$18,433$16,543▼ $1,890
Accounts Receivable-$4,390-
Total Assets$229,744$344,071▲ $114,327
Other Assets Total$33,435$33,435→ $0
Liabilities
Accounts Payable and Accrued Expenses$73,248$16,092▼ $57,156
Deferred Revenue$6,355$8,610▲ $2,255
Total Liabilities$79,603$24,702▼ $54,901
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$150,141$319,368▲ $169,227
Total Net Assets Fund Balance$150,142$319,368▲ $169,226
Total Liabilities and Net Assets / Fund Balance$229,744$344,071▲ $114,327

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$81,692-
Other Assets Org$33,435--
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Becky BarrickPast President
Jo ThrockmortonPresident
Jim MurphyVice President
Scott RobinsonSecretary
Cindy KinnarneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$37,104
Program Service Revenue
$310,335
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$170,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$347,439
Total Revenue per Audited Statements
$347,439
Total Revenue per Form 990
$347,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,953
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
Advertising---$34,824
Fees for Services Accounting---$8,400
Office Expenses---$8,048
Other Expenses---$8,027
Insurance---$7,729
Total Functional Expenses$0$0$0$176,953

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$176,953
Total Expenses per Audited Statements$176,953
Total Expenses per Form 990$176,953
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Downtown Bloomington Inc
EIN
35-1627278
Phone
8123363681
Address
302 South College Ave, Bloomington, IN 47403

Signing Officer

Name
Joan Snapp
Title
Controller
Phone
8123363681
Signed
2021-05-07
Discuss with paid preparer
No

Organization Details

Formed
1984
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Our program services were drastically reduced in 2020 due to the Covid. And the closing of businesses in March. All our spring, summer and fall activities were canceled. We promoted businesses and supported them through the closures.”

Form 990, Part II, Line 11B.

“Tax returns are available in our office for viewing. Our executive board and autitors also review the tax returns.”

Form 990, Part II, Line 15A

“The executive board is included, with our personnel committee to review and determine compensation for all our employtees. The review is conducted once a year in December for the following year.”

Form 990, Part I, Line 19

“Financial Statements, and all business docutments are maintained in the office and made availanble upon request.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Our program services were drastically reduced in 2020 due to the Covid. And the closing of businesses in March. All our spring, summer and fall activities were canceled. We promoted businesses and supported them through the closures.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Tax returns are available in our office for viewing. Our executive board and autitors also review the tax returns.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive board is included, with our personnel committee to review and determine compensation for all our employtees. The review is conducted once a year in December for the following year.
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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$344,071
Liabilities
$24,702
Net assets
$319,368
Revenue
$347,439
Expenses
$176,953
Net income
$170,486
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.17$0.42$3.75$4.38$5.53$1.15
2023Detailed filing. Detailed filing data is available for this year.$5.28$0.39$4.89$5.97$4.73$1.24
2022Detailed filing. Detailed filing data is available for this year.$4.21$0.56$3.66$3.86$4.08$0.22
2021Detailed filing. Detailed filing data is available for this year.$4.43$0.55$3.88$3.80$3.13$0.67
2020Detailed filing. Detailed filing data is available for this year.$3.44$0.25$3.19$3.47$1.77$1.70