Downtown Partnership Inc D/B/A Downtown Community Alliance

“The organization's board consists of the board of the downtowndsm, inc., which is its sole member. Additionally, the organizations board is comprised of a large number of individuals from many different businesses in the region. The organizations represented on the board operate in a number of industries and serve a broad range of customers. As such, the various organizations represented by the board members have ordinary and usual business relationships with certain other organizations also represented on the board. Those relationships are all in the ordinary course of business and do not create conflicts of interest relative to the work of the organization.”

“The form 990 information was compiled by the chief administrative officer of the greater des moines partnership with support from its independent tax preparer. The review of the information ensured the accuracy of the data, along with compliance with irs requirements. The form 990 was reviewed in detail by the greater des moines partnership's finance committee to ensure its accuracy, transparency, and completeness. The form 990 was provided to all board members for their review.”

“Each year, all employees review the conflict of interest policy. The policy requires that each individual acknowledges having received the policy, they've read and understood the policy, and agree to comply with the policy. Employees disclose on an annual basis any apparent or actual conflicts of interest. That information is reviewed by the officers of the greater des moines partnership, a related organization, in order to determine whether a conflict of interest does or may exist. According to the policy, if upon review of these disclosures, a conflict of interest does exist, a management plan will be developed and implemented to resolve the conflict of interest. During the year, there were no conflicts of interest identified for board members or for employees. Consistent with prior years, the annual affirmation was again conducted as of the first of the year.”

“The president of the greater des moines partnership routinely consults an independent consultant in order to ensure compensation levels for the position is appropriate, defensible, and can be substantiated. All such information is made available upon request to the compensation committee of the greater des moines partnership.”

“For all employees of the organizations, job descriptions are kept up to date in order to ensure compensation levels are appropriate. The president of the greater des moines partnership routinely engages an independent consultant in order to ensure compensation levels for those positions are appropriate, defensible, and can be substantiated. All such information is made available upon request to the compensation committee of the greater des moines partnership.”

“The organizations financial statements are available to the public upon request. In every situation where the statements were requested, the financial statements requested were provided.”

“When governing documents such as articles of incorporation are requested, those have been shared. There have been infrequent requests for these documents, but in every case, information is shared as requested.”

“This includes the costs and revenues associated with various programmatic offerings during 2020 including lunchtime events offered to the downtown workforce and resident population. In addition, the costs of marketing and promoting downtown activities and offerings, including but not limited to, those carried out by the organization are reflected here.”