Civic Intelligence

Downtown Durham Inc

990 • Fiscal year 2016 • EIN 56-1790531

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

115 Market Street Suite 213Durham, NC 27701

(919) 682-2800

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

17th percentile

0.01x

Higher debt load relative to revenue than 17% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

51st percentile

3.4%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$129,795

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

86th percentile

22%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

3.0%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$187,563

Up $33,340 (+22%) from 2015

Net Assets

Up

$173,430

Up $35,357 (+26%) from 2015

Liabilities

Down

$14,133

Down $2,017 (-12%) from 2015

Revenue

Up

$1,049,822

Up $30,352 (+3.0%) from 2015

Expenses

Down

$1,014,465

Down $35,101 (-3.3%) from 2015

Net Income

Up

$35,357

Up $65,453 (+217%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $153,019Liabilities 2011: $29,442Net Assets 2011: $123,5772011Assets 2012: $89,693Liabilities 2012: $37,268Net Assets 2012: $52,4252012Assets 2013: $128,078Liabilities 2013: $24,827Net Assets 2013: $103,2512013Assets 2014: $166,599Liabilities 2014: $14,430Net Assets 2014: $152,1692014Assets 2015: $154,223Liabilities 2015: $16,150Net Assets 2015: $138,0732015Assets 2016: $187,563Liabilities 2016: $14,133Net Assets 2016: $173,4302016Assets 2017: $246,012Liabilities 2017: $13,283Net Assets 2017: $232,7292017Assets 2018: $256,999Liabilities 2018: $19,395Net Assets 2018: $237,6042018Assets 2019: $306,899Liabilities 2019: $14,033Net Assets 2019: $292,8662019Assets 2020: $429,777Liabilities 2020: $14,379Net Assets 2020: $415,3982020Assets 2021: $413,612Liabilities 2021: $12,274Net Assets 2021: $401,3382021Assets 2022: $1,600,844Liabilities 2022: $1,190,492Net Assets 2022: $410,3522022Assets 2023: $1,796,349Liabilities 2023: $1,358,182Net Assets 2023: $438,1672023Assets 2024: $1,865,714Liabilities 2024: $1,409,293Net Assets 2024: $456,4212024Assets 2025: $1,482,640Liabilities 2025: $1,034,917Net Assets 2025: $447,7232025

Highlighted filing

2016

Assets$187,563
Liabilities$14,133
Net Assets$173,430

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $366,863Expenses 2011: $468,297Net Income 2011: -$101,4342011Revenue 2012: $392,484Expenses 2012: $463,636Net Income 2012: -$71,1522012Revenue 2013: $930,577Expenses 2013: $879,751Net Income 2013: $50,8262013Revenue 2014: $955,103Expenses 2014: $906,185Net Income 2014: $48,9182014Revenue 2015: $1,019,470Expenses 2015: $1,049,566Net Income 2015: -$30,0962015Revenue 2016: $1,049,822Expenses 2016: $1,014,465Net Income 2016: $35,3572016Revenue 2017: $1,122,681Expenses 2017: $1,063,382Net Income 2017: $59,2992017Revenue 2018: $1,167,155Expenses 2018: $1,162,280Net Income 2018: $4,8752018Revenue 2019: $1,320,689Expenses 2019: $1,265,427Net Income 2019: $55,2622019Revenue 2020: $1,635,064Expenses 2020: $1,512,532Net Income 2020: $122,5322020Revenue 2021: $1,532,538Expenses 2021: $1,546,598Net Income 2021: -$14,0602021Revenue 2022: $1,586,578Expenses 2022: $1,577,564Net Income 2022: $9,0142022Revenue 2023: $1,940,210Expenses 2023: $1,912,395Net Income 2023: $27,8152023Revenue 2024: $2,084,453Expenses 2024: $2,066,199Net Income 2024: $18,2542024Revenue 2025: $2,440,547Expenses 2025: $2,449,245Net Income 2025: -$8,6982025

Highlighted filing

2016

Revenue$1,049,822
Expenses$1,014,465
Net Income$35,357
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,049,822
Mission and Program Overview

Mission

Create an environment for private development in downtown durham by focusing our efforts in five main project areas: economic development, parking, appearance, safety, promotion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,597$183,835▲ $102,238
Pledges and Grants Receivable$37,012--
Savings and Temporary Cash Investments$28,721--
Land, Buildings, and Equipment, Net$6,893$3,728▼ $3,165
Total Assets$154,223$187,563▲ $33,340
Liabilities
Grants Payable$12,589$12,589→ $0
Accounts Payable and Accrued Expenses$3,561$1,544▼ $2,017
Total Liabilities$16,150$14,133▼ $2,017
Net Assets / Fund Balance
Unrestricted Net Assets$138,073$162,285▲ $24,212
Temporarily Rstr Net Assets-$11,145-
Total Net Assets Fund Balance$138,073$173,430▲ $35,357
Total Liabilities and Net Assets / Fund Balance$154,223$187,563▲ $33,340

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$24,169$24,169
Leasehold Improvements$3,728$9,917$13,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Geoffrey S DurhamPresident/CEOFT$123,786$6,009$129,795

Board Members and Trustees

NameTitle
Jeff MillerChair
Ellen CassillyPast Chair
Courtney JamesVice Chair
Adam KleinBoard Member
Alice L SharpeBoard Member
Anna BranlyBoard Member
Bryson PowellBoard Member
Chuck WattsBoard Member
Dan JewellBoard Member
Doug Henderson-jamesBoard Member
Fred Foster JrBoard Member
Gerry LinkBoard Member
Gloria ShealeyBoard Member
Herbert Eugene Tatum IiiBoard Member
Indira M EverettBoard Member
James H Sills IiiBoard Member
Jessica BrockBoard Member
Jillian JohnsonBoard Member
John Hodges-coppleBoard Member
Larry LoeserBoard Member
Lucy StokesBoard Member
Mark StanfordBoard Member
Paul SmithBoard Member
Ryan HurleyBoard Member
Sandi HaynesBoard Member
Scott HarmonBoard Member
Scott SeligBoard Member
Tucker BartlettBoard Member
Elaine CurryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Budd GroupMaintenance And Hospitality Services1101 AVIATION PARKWAY SUITE A, Morrisville, NC 27560$404,813
Revenue and Support

Revenue Composition

Contributions and Grants
$998,901
Program Service Revenue
$48,695
Investment Income
$0
Other Revenue
$2,226
All Other Contributions
$35,350
Change in Net Assets
$35,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,049,822
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,950
Total Revenue per Audited Statements
$1,056,772
Total Revenue per Form 990
$1,049,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$614,213
Salaries, Compensation, and Employee Benefits$400,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$230,362
Current Officers, Directors, Trustees, and Key Employees---$129,794
Occupancy---$32,030
Payroll Taxes---$28,333
Fees for Services Accounting---$27,086
Office Expenses---$16,158
Conferences and Meetings---$15,478
Advertising---$15,208
Other Employee Benefits---$11,763
Other Expenses---$8,655
Travel---$5,103
Insurance---$3,752
Depreciation Depletion---$3,165
All Other Expenses---$2,720
Information Technology---$475
Total Functional Expenses$0$0$0$1,014,465

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,021,415
Expenses per Audited Statements$1,014,465
Total Expenses per Form 990$1,014,465
Expenses Not Reported on Form 990$6,950
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

Persons eligible to become members of the corporation consist of all persons who make a financial contribution to the corporation through the payment of taxes attributable to the business improvement district (the "bid") and any other person who makes a financial contribution to the corporation. For purposes of these bylaws, "person" shall mean individuals and entities and "entities" shall mean any corporation, general partnership, limited partnership, limited liability company, joint venture, trust, business trust, cooperative or association or any foreign trust or foreign business organization. Eligible persons shall become members of the corporation and shall continue as members of the corporation upon making the financial contribution described in this article iii to the corporation and continuing to make such financial contributions at least annually. Individual members and qualified representatives of member entities are eligible to serve on the corporation's board of directors and committees thereof in accordance with the terms and provisions of these bylaws. "qualified representatives" shall mean representatives of member entities who are senior level management with authority to make decisions for such entity and who are approved by the board of directors. Service on a committee of the board of directors shall be restricted solely to individual members or qualified representatives of entity members of the corporation. In addition, all members shall be entitled to receive at their address any and all publications, materials, reports and other information prepared by or under the direction of the corporation that the corporation generally makes available to the public relating to the activities and business of the corporation.

Form 990, Part VI, Section B, Line 11

The form 990 will be reviewed by management.

Form 990, Part VI, Section B, Line 15

The president recommends a budget each year which includes a salary for each staff person, including the president. The budget, including any salary for the president, is then reviewed and approved by the executive committe and board of directors.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Durham Inc
EIN
56-1790531
Phone
9196822800
Address
115 MARKET STREET SUITE 213, DURHAM, NC 27701

Signing Officer

Name
Elaine Curry
Title
Treasurer
Phone
9192912318
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Thompson
Formed
1992
Legal Domicile
Nc
Voting Board Members
29
Independent Board Members
29
Employees
7
Volunteers
29

Preparer

Firm
Cherry Bekaert Llp
Address
3400 CROASDAILE DRIVE STE 301, DURHAM, NC 27705
Preparer
Rachel Gibbons
Phone
9193838585
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization believes that it has appropriate support for any tax position taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt28TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT/CEO
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IRS990/FSAuditedInd01
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IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0CREATE AN ENVIRONMENT FOR PRIVATE DEVELOPMENT IN DOWNTOWN DURHAM BY FOCUSING OUR EFFORTS IN FIVE MAIN PROJECT AREAS: ECONOMIC DEVELOPMENT, PARKING, APPEARANCE, SAFETY, PROMOTION.
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.48$1.03$0.45$2.44$2.45$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.87$1.41$0.46$2.08$2.07$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.80$1.36$0.44$1.94$1.91$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.60$1.19$0.41$1.59$1.58$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$1.53$1.55$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.01$0.42$1.64$1.51$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.01$0.29$1.32$1.27$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.24$1.17$1.16$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.23$1.12$1.06$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.17$1.05$1.01$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.14$1.02$1.05$0.03
2014Summary only. Only limited summary data is available for this year.$0.17$0.01$0.15$0.96$0.91$0.05
2013Summary only. Only limited summary data is available for this year.$0.13$0.02$0.10$0.93$0.88$0.05
2012Summary only. Only limited summary data is available for this year.$0.09$0.04$0.05$0.39$0.46$0.07
2011Summary only. Only limited summary data is available for this year.$0.15$0.03$0.12$0.37$0.47$0.10