Civic Intelligence

Downtown Partners Inc

990 • Fiscal year 2017 • EIN 42-1449669

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 01, 2018

Organization ProfileWWW.GREATERBURLINGTON.COM
610 N 4th St Ste 200Burlington, IA 52601

(319) 752-6365

Siviq Scores

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

Liabilities / Assets

81st percentile

0.20x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

0.23x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

87th percentile

23%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$72,474

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

92nd percentile

63%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

45%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$343,499

Up $132,985 (+63%) from 2016

Net Assets

Up

$273,697

Up $71,234 (+35%) from 2016

Liabilities

Up

$69,802

Up $61,751 (+767%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin87th percentile

Revenue

Up

$308,579

Up $96,143 (+45%) from 2016

Expenses

Up

$237,345

Up $8,514 (+3.7%) from 2016

Net Income

Up

$71,234

Up $87,629 (+534%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$400K$300K$200K$100K$0Assets 2011: $225,192Liabilities 2011: $70,157Net Assets 2011: $155,0352011Assets 2012: $163,589Liabilities 2012: $8,611Net Assets 2012: $154,9782012Assets 2013: $163,684Liabilities 2013: $4,417Net Assets 2013: $159,2672013Assets 2014: $181,166Liabilities 2014: $8,222Net Assets 2014: $172,9442014Assets 2015: $228,742Liabilities 2015: $9,884Net Assets 2015: $218,8582015Assets 2016: $210,514Liabilities 2016: $8,051Net Assets 2016: $202,4632016Assets 2017: $343,499Liabilities 2017: $69,802Net Assets 2017: $273,6972017Assets 2018: $359,177Liabilities 2018: $69,453Net Assets 2018: $289,7242018Assets 2019: $355,880Liabilities 2019: $73,459Net Assets 2019: $282,4212019Assets 2020: $311,708Liabilities 2020: $143,059Net Assets 2020: $168,6492020Assets 2021: $385,126Liabilities 2021: $161,777Net Assets 2021: $223,3492021Assets 2022: $391,649Liabilities 2022: $155,904Net Assets 2022: $235,7452022Assets 2023: $241,415Liabilities 2023: $4,349Net Assets 2023: $237,0662023Assets 2024: $272,626Liabilities 2024: $12,157Net Assets 2024: $260,4692024

Highlighted filing

2017

Assets$343,499
Liabilities$69,802
Net Assets$273,697
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $702,7652011Expenses 2012: $681,3522012Revenue 2013: $338,022Expenses 2013: $333,733Net Income 2013: $4,2892013Revenue 2014: $440,103Expenses 2014: $426,426Net Income 2014: $13,6772014Revenue 2015: $242,990Expenses 2015: $242,076Net Income 2015: $9142015Revenue 2016: $212,436Expenses 2016: $228,831Net Income 2016: -$16,3952016Revenue 2017: $308,579Expenses 2017: $237,345Net Income 2017: $71,2342017Revenue 2018: $217,329Expenses 2018: $201,302Net Income 2018: $16,0272018Revenue 2019: $220,831Expenses 2019: $228,126Net Income 2019: -$7,2952019Revenue 2020: $356,153Expenses 2020: $443,035Net Income 2020: -$86,8822020Revenue 2021: $390,807Expenses 2021: $292,107Net Income 2021: $98,7002021Revenue 2022: $250,480Expenses 2022: $213,084Net Income 2022: $37,3962022Revenue 2023: $214,311Expenses 2023: $212,990Net Income 2023: $1,3212023Revenue 2024: $246,182Expenses 2024: $222,779Net Income 2024: $23,4032024

Highlighted filing

2017

Revenue$308,579
Expenses$237,345
Net Income$71,234
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 1, 2018
Return Version
2017v2.3
Gross Receipts
$308,579
Mission and Program Overview

Mission

To promote the interests of downtown burlington, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$216,610-
Cash and Non-Interest-Bearing Accounts$122,757$85,857▼ $36,900
Accounts Receivable$30,629$38,694▲ $8,065
Pledges and Grants Receivable$5,000--
Other Notes and Loans Receivable, Net$5,300$2,338▼ $2,962
Prepaid Expenses and Deferred Charges$1,870--
Total Assets$210,514$343,499▲ $132,985
Other Assets Total$44,958--
Liabilities
Other Liabilities-$60,000-
Accounts Payable and Accrued Expenses$7,521$9,302▲ $1,781
Deferred Revenue$530$500▼ $30
Total Liabilities$8,051$69,802▲ $61,751
Net Assets / Fund Balance
Unrestricted Net Assets$187,463$270,244▲ $82,781
Temporarily Rstr Net Assets$15,000$3,453▼ $11,547
Total Net Assets Fund Balance$202,463$273,697▲ $71,234
Total Liabilities and Net Assets / Fund Balance$210,514$343,499▲ $132,985

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$216,610$14,049$14,049
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sherri KrauseCFOFT$68,301$4,173$72,474

Board Members and Trustees

NameTitle
Zach JamesChair
Janine CloverChair Elect
Julie AndersonPast Chairpe
Jason HutchesonPresident
Becky AndersonDirector
Bill PartainDirector
Doreen RoyDirector
Hillaurie Fritz-bonarDirector
Jerry JohnsonDirector
Jessica DeanDirector
Jim FerneauDirector
Laura BeckmanDirector
Mike DarnallDirector
Stephanie WaplesDirector
Tyler FrenchDirector
Ryan NagrockiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$222,311
Program Service Revenue
$86,117
Investment Income
$151
Other Revenue
$0
All Other Contributions
$145,080
Change in Net Assets
$71,234

Audited Revenue Reconciliation

Revenue per Audited Statements
$308,579
Total Revenue per Audited Statements
$308,579
Total Revenue per Form 990
$308,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$123,158
Other Expenses$114,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$75,801
Payroll Taxes---$20,691
Current Officers, Directors, Trustees, and Key Employees---$17,394
Occupancy---$12,214
Other Employee Benefits---$9,272
Information Technology---$7,424
Conferences and Meetings---$6,266
Fees for Services Accounting---$5,197
Advertising---$2,583
All Other Expenses---$2,394
Office Expenses---$2,174
Other Expenses---$2,153
Interest---$907
Insurance---$450
Total Functional Expenses$0$0$0$237,345

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,345
Total Expenses per Audited Statements$237,345
Total Expenses per Form 990$237,345
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
Loan Payable to Ggb$60,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The organization shares facilities and management functions with the burlington/west burlington area chamber of commerce and grow greater burlington, inc. The organization's maintain separate board of directors.”

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

“The president, chief financial officer, chair and treasurer of the organization have reviewed the 990, including all required schedules, prior to submission.”

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

“The board reviews the financial statements and approves large purchases. The president and either the chairperson or treasurer signs the checks.”

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

“In accordance with the organizational bylaws, the evaluation committee approves the determination of the president's salary.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available from the chief financial officer upon request.”

Filing and Contact Details

Filer

Filer Name
Downtown Partners Inc
EIN
42-1449669
Phone
3197526365
Address
610 N 4TH ST STE 200, BURLINGTON, IA 52601

Signing Officer

Name
Jason Hutcheson
Title
President
Phone
3192080044
Signed
2018-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Hutcheson
Formed
1996
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
428

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1700 42ND ST NE, CEDAR RAPIDS, IA 52402
Preparer
Darcee M Ayers CPA
Phone
3193932374
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from income taxes under section 501(c)(6) of the internal revenue code. The organization had no unrelated business taxable income for the years ended december 31, 2017 and 2016. Therefore, no provision or liability for income taxes have been included in the financial statements.”

Raw XML AppendixShowing 400 of 417 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07521
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09302
IRS990/AccountsReceivableGrp/BOYAmt030629
IRS990/AccountsReceivableGrp/EOYAmt038694
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE THE INTERESTS OF DOWNTOWN BURLINGTON, IOWA.
IRS990/AdvertisingGrp/TotalAmt02583
IRS990/AllOtherContributionsAmt0145080
IRS990/AllOtherExpensesGrp/TotalAmt02394
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0SHERRI KRAUSE
IRS990/BooksInCareOfDetail/PhoneNum03197526365
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0610 NORTH 4TH STREET SUITE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0BURLINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052601
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0122757
IRS990/CashNonInterestBearingGrp/EOYAmt085857
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt017394
IRS990/CompensationFromOtherSrcsInd0true
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt06266
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0222311
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0151
IRS990/CYOtherExpensesAmt0114187
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt086117
IRS990/CYRevenuesLessExpensesAmt071234
IRS990/CYSalariesCompEmpBnftPaidAmt0123158
IRS990/CYTotalExpensesAmt0237345
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0308579
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0530
IRS990/DeferredRevenueGrp/EOYAmt0500
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0DOWNTOWN PARTNERS COORDINATES RETAIL & INSTITUTIONAL PROMOTIONS. MAJOR EVENTS WERE SIP, TASTE AND STROLL; HOLIDAY PARADE, LIVING WINDOWS, SANTAS COTTAGE, MOVIE NIGHTS, SNAKE ALLEY CRITERIUM, FARMER'S MARKET, AND VINTAGE FEST. THE VINTAGE FEST MARKET DOUBLED IN SIZE FROM 2016 AND HAD 16 VOLUNTEERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt05197
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt153222
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0BILL PARTAIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JULIE ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2LAURA BECKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JANINE CLOVER
IRS990/Form990PartVIISectionAGrp/PersonNm4TYLER FRENCH
IRS990/Form990PartVIISectionAGrp/PersonNm5ZACH JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm6RYAN NAGROCKI
IRS990/Form990PartVIISectionAGrp/PersonNm7DOREEN ROY
IRS990/Form990PartVIISectionAGrp/PersonNm8BECKY ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm9JIM FERNEAU
IRS990/Form990PartVIISectionAGrp/PersonNm10MIKE DARNALL
IRS990/Form990PartVIISectionAGrp/PersonNm11JESSICA DEAN
IRS990/Form990PartVIISectionAGrp/PersonNm12HILLAURIE FRITZ-BONAR
IRS990/Form990PartVIISectionAGrp/PersonNm13JERRY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm14STEPHANIE WAPLES
IRS990/Form990PartVIISectionAGrp/PersonNm15SHERRI KRAUSE
IRS990/Form990PartVIISectionAGrp/PersonNm16JASON HUTCHESON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1569252
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt077231
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0308579
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt07424
IRS990/InsuranceGrp/TotalAmt0450
IRS990/InterestGrp/TotalAmt0907
IRS990/InvestmentIncomeGrp/ExclusionAmt0151
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0151
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014049
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0216610
IRS990/LandBldgEquipCostOrOtherBssAmt0230659
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THE INTERESTS OF DOWNTOWN BURLINGTON, IOWA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0202463
IRS990/NetAssetsOrFundBalancesEOYAmt0273697
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt012214
IRS990/OfficeExpensesGrp/TotalAmt02174
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt044958
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09272
IRS990/OtherExpensesGrp/Desc0COMMUNITY DEVELOPMENT PRO
IRS990/OtherExpensesGrp/Desc1300 WASHINGTON REPAIRS
IRS990/OtherExpensesGrp/Desc2DOWNTOWN DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/TotalAmt057712
IRS990/OtherExpensesGrp/TotalAmt18542
IRS990/OtherExpensesGrp/TotalAmt26171
IRS990/OtherExpensesGrp/TotalAmt32153
IRS990/OtherLiabilitiesGrp/EOYAmt060000
IRS990/OtherSalariesAndWagesGrp/TotalAmt075801
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05300
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02338
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt020691
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01870
IRS990/PrincipalOfficerNm0JASON HUTCHESON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY DEVELOPMENT PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt086117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt086117
IRS990/ProgSrvcAccomActy2Grp/Desc0DOWNTOWN PARTNERS PROVIDES MONEY FOR DOWNTOWN DEVELOPMENT. THE 300 WASHINGTON BUILDING HAD AT LEAST 30 VOLUNTEERS ASSISTING WITH THE DIFFERENT PHASES OF THE PROJECT. THE ORGANIZATION ALSO RECEIVED 77,231 IN GRANTS RELATED TO THE RESTORATION OF THE BUILDING.
IRS990/ProgSrvcAccomActy3Grp/Desc0DOWNTOWN PARTNERS PROVIDES A VEHICLE FOR STATE AND LOCAL GRANTS TO AID IN THE REDEVELOPMENT OF DOWNTOWN BURLINGTON.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0111444
IRS990/PYInvestmentIncomeAmt0360
IRS990/PYOtherExpensesAmt0121499
IRS990/PYProgramServiceRevenueAmt0100632
IRS990/PYRevenuesLessExpensesAmt0-16395
IRS990/PYSalariesCompEmpBnftPaidAmt0107332
IRS990/PYTotalExpensesAmt0228831
IRS990/PYTotalRevenueAmt0212436
IRS990/ReconcilationRevenueExpnssAmt071234
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0237345
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0216610
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014049
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0216610
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt060000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE TO GGB
IRS990ScheduleD/RevenueSubtotalAmt0308579
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAD NO UNRELATED BUSINESS TAXABLE INCOME FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0216610
IRS990ScheduleD/TotalExpensesPerForm990Amt0237345
IRS990ScheduleD/TotalLiabilityAmt060000
IRS990ScheduleD/TotalRevenuePerForm990Amt0308579
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0308579
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0237345
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt068301
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt03050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0172
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0951
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHERRI KRAUSE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt072474
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SHERRI KRAUSE, CHIEF FINANCIAL OFFICER, RECEIVED COMPENSATION FROM UNRELATED ORGANIZATIONS DURING 2017. 19,568 WAS EARNED FROM GROW GREATER BURLINGTON, 26,090 WAS EARNED FROM BURLINGTON/WEST BURLINGTON CHAMBER OF COMMERCE, AND 9,422 WAS EARNED FROM THE CONVENTION AND VISITOR'S BUREAU.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SHARES FACILITIES AND MANAGEMENT FUNCTIONS WITH THE BURLINGTON/WEST BURLINGTON AREA CHAMBER OF COMMERCE AND GROW GREATER BURLINGTON, INC. THE ORGANIZATION'S MAINTAIN SEPARATE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT, CHIEF FINANCIAL OFFICER, CHAIR AND TREASURER OF THE ORGANIZATION HAVE REVIEWED THE 990, INCLUDING ALL REQUIRED SCHEDULES, PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE FINANCIAL STATEMENTS AND APPROVES LARGE PURCHASES. THE PRESIDENT AND EITHER THE CHAIRPERSON OR TREASURER SIGNS THE CHECKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN ACCORDANCE WITH THE ORGANIZATIONAL BYLAWS, THE EVALUATION COMMITTEE APPROVES THE DETERMINATION OF THE PRESIDENT'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE FROM THE CHIEF FINANCIAL OFFICER UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt015000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03453
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0210514
IRS990/TotalAssetsEOYAmt0343499
IRS990/TotalAssetsGrp/BOYAmt0210514
IRS990/TotalAssetsGrp/EOYAmt0343499
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0222311
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0237345
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08051
IRS990/TotalLiabilitiesEOYAmt069802
IRS990/TotalLiabilitiesGrp/BOYAmt08051
IRS990/TotalLiabilitiesGrp/EOYAmt069802
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0202463
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0273697
IRS990/TotalOtherCompensationAmt03222
IRS990/TotalProgramServiceRevenueAmt086117
IRS990/TotalReportableCompFromOrgAmt069252
IRS990/TotalRevenueGrp/ExclusionAmt0151
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt086117
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0308579
IRS990/TotalVolunteersCnt0428
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0210514
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0343499
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0187463
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0270244
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0610 NORTH 4TH STREET SUITE 200
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052601
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.GREATERBURLINGTON.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON HUTCHESON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03192080044
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN PARTNERS INC
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0421449669
ReturnHeader/Filer/PhoneNum03197526365
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 N 4TH ST STE 200
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052601
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A5F0722B2E1EE60B7359FC3108F559BC9498E2AF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D5642DF4423300A4A94EB47D443012BF6EC3F5D5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$343,499
Liabilities
$69,802
Net assets
$273,697
Revenue
$308,579
Expenses
$237,345
Net income
$71,234
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.73$0.12$2.60$2.46$2.23$0.23
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.04$2.37$2.14$2.13$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.92$1.56$2.36$2.50$2.13$0.37
2021Detailed filing. Detailed filing data is available for this year.$3.85$1.62$2.23$3.91$2.92$0.99
2020Detailed filing. Detailed filing data is available for this year.$3.12$1.43$1.69$3.56$4.43$0.87
2019Detailed filing. Detailed filing data is available for this year.$3.56$0.73$2.82$2.21$2.28$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.59$0.69$2.90$2.17$2.01$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.43$0.70$2.74$3.09$2.37$0.71
2016Detailed filing. Detailed filing data is available for this year.$2.11$0.08$2.02$2.12$2.29$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.29$0.10$2.19$2.43$2.42$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.08$1.73$4.40$4.26$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.64$0.04$1.59$3.38$3.34$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.09$1.55$6.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.70$1.55$7.03