Civic Intelligence

Downtown Raleigh Alliance Inc

990 • Fiscal year 2016 • EIN 56-1994005

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 09, 2016

120 S Wilmington StreetRaleigh, NC 27601

(919) 832-1231

Siviq Scores

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

Liabilities / Assets

59th percentile

0.25x

Higher debt load relative to assets than 59% of similar nonprofits.

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

Liabilities / Revenue

33rd percentile

0.08x

Higher debt load relative to revenue than 33% of similar nonprofits.

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

Net Margin

41st percentile

1.3%

Higher net margin than 41% of similar nonprofits.

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

Top Officer Pay

75th percentile

$213,016

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

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

Asset Growth

60th percentile

6.4%

Faster asset growth than 60% of similar nonprofits.

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

Revenue Growth

46th percentile

2.0%

Faster revenue growth than 46% of similar nonprofits.

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

Assets

Up

$716,623

Up $42,895 (+6.4%) from 2015

Net Assets

Up

$534,253

Up $28,490 (+5.6%) from 2015

Liabilities

Up

$182,370

Up $14,405 (+8.6%) from 2015

Revenue

Up

$2,258,735

Up $43,224 (+2.0%) from 2015

Expenses

Down

$2,230,245

Down $102,089 (-4.4%) from 2015

Net Income

Up

$28,490

Up $145,313 (+124%) 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: $705,450Liabilities 2011: $229,018Net Assets 2011: $476,4322011Assets 2012: $689,306Liabilities 2012: $177,637Net Assets 2012: $511,6692012Assets 2013: $766,334Liabilities 2013: $198,883Net Assets 2013: $567,4512013Assets 2014: $875,181Liabilities 2014: $252,595Net Assets 2014: $622,5862014Assets 2015: $673,728Liabilities 2015: $167,965Net Assets 2015: $505,7632015Assets 2016: $716,623Liabilities 2016: $182,370Net Assets 2016: $534,2532016Assets 2017: $626,235Liabilities 2017: $172,281Net Assets 2017: $453,9542017Assets 2018: $649,931Liabilities 2018: $135,823Net Assets 2018: $514,1082018Assets 2019: $851,505Liabilities 2019: $237,099Net Assets 2019: $614,4062019Assets 2020: $1,118,081Liabilities 2020: $169,598Net Assets 2020: $948,4832020Assets 2021: $1,270,940Liabilities 2021: $319,182Net Assets 2021: $951,7582021Assets 2022: $1,180,214Liabilities 2022: $157,778Net Assets 2022: $1,022,4362022Assets 2023: $1,726,101Liabilities 2023: $528,479Net Assets 2023: $1,197,6222023Assets 2024: $1,810,181Liabilities 2024: $605,209Net Assets 2024: $1,204,9722024Assets 2025: $1,803,171Liabilities 2025: $640,617Net Assets 2025: $1,162,5542025

Highlighted filing

2016

Assets$716,623
Liabilities$182,370
Net Assets$534,253

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,860,9922011Expenses 2012: $1,833,7892012Revenue 2013: $1,975,918Expenses 2013: $1,920,136Net Income 2013: $55,7822013Revenue 2014: $2,118,835Expenses 2014: $2,073,350Net Income 2014: $45,4852014Revenue 2015: $2,215,511Expenses 2015: $2,332,334Net Income 2015: -$116,8232015Revenue 2016: $2,258,735Expenses 2016: $2,230,245Net Income 2016: $28,4902016Revenue 2017: $2,022,908Expenses 2017: $2,103,207Net Income 2017: -$80,2992017Revenue 2018: $2,128,963Expenses 2018: $2,068,809Net Income 2018: $60,1542018Revenue 2019: $1,987,868Expenses 2019: $1,887,551Net Income 2019: $100,3172019Revenue 2020: $2,204,693Expenses 2020: $1,870,616Net Income 2020: $334,0772020Revenue 2021: $2,645,621Expenses 2021: $2,642,346Net Income 2021: $3,2752021Revenue 2022: $2,444,068Expenses 2022: $2,373,390Net Income 2022: $70,6782022Revenue 2023: $3,074,121Expenses 2023: $2,885,176Net Income 2023: $188,9452023Revenue 2024: $3,393,530Expenses 2024: $3,386,180Net Income 2024: $7,3502024Revenue 2025: $4,037,115Expenses 2025: $4,079,533Net Income 2025: -$42,4182025

Highlighted filing

2016

Revenue$2,258,735
Expenses$2,230,245
Net Income$28,490
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$2,258,735
Mission and Program Overview

Mission

Advancing the vitality of downtown raleigh for everyone.

To build upon downtown's recent revitalization by enhancing its quality of life and contributing to its economic success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$292,076$298,569▲ $6,493
Savings and Temporary Cash Investments$197,654$277,616▲ $79,962
Land, Buildings, and Equipment, Net$112,046$98,585▼ $13,461
Prepaid Expenses and Deferred Charges$14,720$26,701▲ $11,981
Accounts Receivable$57,232$15,152▼ $42,080
Total Assets$673,728$716,623▲ $42,895
Liabilities
Accounts Payable and Accrued Expenses$121,309$124,472▲ $3,163
Deferred Revenue$41,544$57,356▲ $15,812
Other Liabilities$5,112$542▼ $4,570
Total Liabilities$167,965$182,370▲ $14,405
Net Assets / Fund Balance
Unrestricted Net Assets$505,763$534,253▲ $28,490
Total Net Assets Fund Balance$505,763$534,253▲ $28,490
Total Liabilities and Net Assets / Fund Balance$673,728$716,623▲ $42,895

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$98,585$139,087$237,672
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David a DiazPresident &FT$181,071$31,945$213,016
David a DiazPresident & CEO-$181,071$31,945$213,016

Board Members and Trustees

NameTitle
Jason SmithChairman
Andrew StewartDirector
Andy HollandDirector
Caroline F WelchDirector
Chad T LefterisDirector
D O'HARA MACKENDirector
David MeekerDirector
Gregg SandreuterDirector
J Rich LeonardDirector
Jim HartmannDirector
Joe MeirDirector
Josh SteinDirector
Leon CoxDirector
Marty ClaytonDirector
Mary-ann BaldwinDirector
Nate SpilkerDirector
Neil GrayDirector
Pam BlondinDirector
Ruffin HallDirector
Sally EdwardsDirector
Sue GlennonDirector
Tashni DubroyDirector
Tim GiulianiDirector
Clymer Cease JrAt-large
Sharon MoeAt-large
Rebecca Quinn-wolfImmediate Pa
Joseph Dempster JrLegal Counse
Sarah PowersSecretary
Jon WilsonTreas. & CHA

Highest Paid Contractors

ContractorServicesLocationCompensation
Allied Barton Security ServicesSecurityPO BOX 828854, Philadelphia, PA 19182$879,712
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,207,307
Investment Income
$110
Other Revenue
$51,318
Change in Net Assets
$28,490

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,233,735
Revenue Not Reported on Financial Statements
$25,000
Revenue Not Reported on Form 990
$16,500
Other Revenue Adjustments
$25,000
Total Revenue per Audited Statements
$2,250,235
Total Revenue per Form 990
$2,258,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,358,271
Salaries, Compensation, and Employee Benefits$847,974
Grants and Similar Amounts Paid$24,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$902,394--$902,394
Other Salaries and Wages$395,972$122,162-$518,134
Current Officers, Directors, Trustees, and Key Employees$114,201$114,201-$228,402
Advertising$160,812--$160,812
Occupancy$79,090$28,061-$107,151
Other Employee Benefits$51,010$13,654-$64,664
Conferences and Meetings$26,343$18,706-$45,049
Office Expenses$37,771$3,660-$41,431
Payroll Taxes$28,104$8,670-$36,774
Depreciation Depletion$24,465$8,688-$33,153
Grants to Domestic Orgs$24,000--$24,000
Fees for Services Legal$1,681$10,996-$12,677
Fees for Services Accounting$1,362$8,913-$10,275
Insurance$2,910$4,366-$7,276
Other Expenses$3,023$756-$3,779
Total Functional Expenses$1,876,611$353,634$0$2,230,245

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,246,745
Expenses per Audited Statements$2,230,245
Total Expenses per Form 990$2,230,245
Expenses Not Reported on Form 990$16,500
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$542
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The finance manager, president/ceo, and chairman of the board will review the form 990 on behalf of the board of directors with a follow-up provided to the board following the executive review. Any relevant inquiries are made to the organization's external cpa firm to resolve.

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

Any director, officer or employee of the downtown raleigh alliance who has, or whose relative has, a substantial interest in any contract, sale, purchase or service to the downtown raleigh alliance shall make known that interest to the board of directors prior to any action or approval with respect to such contract, sale, purchase or service. Any director who has such an interest, and any director having a relative having such an interest, shall refrain from voting upon or otherwise participating in such transaction.

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

The organization has a compensation committee which reviews ceo performance annually. The committee consists of the current board chair, the immediate past chair, and the incoming chair. The committee has supplemented their review by referencing the ceo's salary survey created by the international downtown association.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Raleigh Alliance Inc
EIN
56-1994005
Phone
9198321231
Address
120 S WILMINGTON STREET, RALEIGH, NC 27601

Signing Officer

Name
David a Diaz
Title
President & CEO
Phone
9198321231
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David a Diaz
Formed
1996
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
29
Employees
12

Preparer

Firm
Langdon & Company Llp
Address
223 US HIGHWAY 70 EAST SUITE 100, GARNER, NC 27529-4051
Preparer
Anthony T Pandiscia
Phone
9196621001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To build upon downtown's recent revitalization by enhancing its quality of life and contributing to its economic success through four core programs: (1) safety, hospitality & clean ambassadors, (2) strategic branding & community communications, (3) retail attraction & merchant promotions, and (4) strategic partnerships & member engagement.

Form 990, Page 2, Part III, Line 4A

Ways to lower crime. In 2015, the safety ambassadors performed the following services; 1,554 safety escorts, 4,530 hospitality assists including giving directions and dining recommendations and helping individuals find their cars, and 2,976 hours patrolling parking decks/lots. Dra takes pride in enhancing the trash collection service provided by the city of raleigh through the ambassador clean team's services. Currently numbering eight, the clean team contributes by picking up litter, removing graffiti, and performing special maintenance projects thereby improving the overall neatness and appearance of the downtown environment. During the months of july 2015 through june 2016, the clean team removed 98,345 lbs. Of trash and spent 56.5 hours removing graffiti.

Form 990, Page 2, Part III, Line 4B

Created a quarterly mailer, "the downtown insider", with news, events, and information especially pertinent to the downtown resident. Finally, our dra events calendar averages over 34,000 pageviews per month making the dra site one of the best places to find downtown information.

Form 990, Page 2, Part III, Line 4C

Economic development staff actively works with retail brokers and landlords to fill storefront spaces in downtown. In 2015, 29 street level businesses opened (a net gain of 13 new stores) adding new jobs and expanding tax revenues.

Form 990, Page 2, Part III, Line 4D

The primary goal of the strategic partnerships & member engagement is to bring together over 1,500 stakeholders and members that support dra's municipal services district to collaborate for the benefit of the city. Dra brings these groups together through small meetings, large corporate events and by providing strategic resources to encourage growth in downtown raleigh. Our membership program brings together business owners, government officials, non-profit partners, residents, students and downtown supporters by providing networking opportunities as well as information and resources. New in 2015, dra began hosting monthly second tuesday events as an after-hours networking opportunity and membership drive. The alliance currently has over 450 dues-paying members. The organization also hosts an annual meeting and awards ceremony to communicate the impact the organization is making on revitalizing downtown and to recognize the contributions of individuals, businesses, and organizations that are contributing to our mission by presenting them with an award. Over 1,000 downtown advocates and business leaders attended the 2015 event.

Form 990, Part IX, Line 11G

Safety & cleaning services 902,394 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization evaluates its uncertain tax positions using the provisions of financial accounting standards board accounting codification (asc) 740- 10-25, recognition of a tax position. Accordingly, the organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position of management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management does not believe any significant income tax uncertainties exist as of june 30, 2016. Tax returns filed within the past three years are subject to examination by the internal revenue service. No examinations are currently being conducted.

Schedule D, Page 4, Part XI, Line 4B

Intercompany mgmt fee 25,000

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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/TitleTxt0PRESIDENT &
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IRS990/Form990PartVIISectionAGrp/TitleTxt2LEGAL COUNSE
IRS990/Form990PartVIISectionAGrp/TitleTxt3AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TREAS. & CHA
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.80$0.64$1.16$4.04$4.08$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.81$0.61$1.20$3.39$3.39$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.73$0.53$1.20$3.07$2.89$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.16$1.02$2.44$2.37$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.32$0.95$2.65$2.64$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.12$0.17$0.95$2.20$1.87$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.85$0.24$0.61$1.99$1.89$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.14$0.51$2.13$2.07$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.17$0.45$2.02$2.10$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.18$0.53$2.26$2.23$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.17$0.51$2.22$2.33$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.25$0.62$2.12$2.07$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.20$0.57$1.98$1.92$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.18$0.51$1.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.23$0.48$1.86
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)6 • $1M-$5M nonprofits