Civic Intelligence

Downtown Raleigh Alliance Inc

990 • Fiscal year 2017 • EIN 56-1994005

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 13, 2017

333 Fayetteville Street Suite 1150Raleigh, NC 27601

(919) 832-1231

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.28x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.09x

Higher debt load relative to revenue than 34% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

20th percentile

-4.0%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$218,261

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-10%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$626,235

Down $90,388 (-13%) from 2016

Net Assets

Down

$453,954

Down $80,299 (-15%) from 2016

Liabilities

Down

$172,281

Down $10,089 (-5.5%) from 2016

Revenue

Down

$2,022,908

Down $235,827 (-10%) from 2016

Expenses

Down

$2,103,207

Down $127,038 (-5.7%) from 2016

Net Income

Down

-$80,299

Down $108,789 (-382%) from 2016

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

2017

Assets$626,235
Liabilities$172,281
Net Assets$453,954

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

2017

Revenue$2,022,908
Expenses$2,103,207
Net Income-$80,299
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$2,022,908
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$298,569$280,958▼ $17,611
Savings and Temporary Cash Investments$277,616$273,364▼ $4,252
Land, Buildings, and Equipment, Net$98,585$43,892▼ $54,693
Prepaid Expenses and Deferred Charges$26,701$28,021▲ $1,320
Accounts Receivable$15,152--
Total Assets$716,623$626,235▼ $90,388
Liabilities
Accounts Payable and Accrued Expenses$124,472$108,436▼ $16,036
Deferred Revenue$57,356$63,845▲ $6,489
Other Liabilities$542--
Total Liabilities$182,370$172,281▼ $10,089
Net Assets / Fund Balance
Unrestricted Net Assets$534,253$453,954▼ $80,299
Total Net Assets Fund Balance$534,253$453,954▼ $80,299
Total Liabilities and Net Assets / Fund Balance$716,623$626,235▼ $90,388

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,892$140,790$184,682
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David DiazPresident &FT$187,291$30,970$218,261
David DiazPresident & CEO-$186,891$31,370$218,261

Board Members and Trustees

NameTitle
Jon WilsonChairman
Sharon MoeTreas./chair
Adrienne ColeDirector
Andy HollandDirector
Cameron GorseDirector
Caroline F WelchDirector
Chad T LefterisDirector
Courtney CrowderDirector
D O'HARA MACKENDirector
Gregg SandreuterDirector
J Rich LeonardDirector
Jim HartmannDirector
Joe MeirDirector
Leon CoxDirector
Marty ClaytonDirector
Mary-ann BaldwinDirector
Nate SpilkerDirector
Pam BlondinDirector
Rebecca Quinn-wolfDirector
Robby LawsonDirector
Robert DoreaukDirector
Ruffin HallDirector
Sue GlennonDirector
Tyler HeliksonDirector
Sally EdwardsAt-large
Tashni-ann DubroyAt-large
Jason SmithImmediate Pa
Orage Quarles IiiInterim Pres
Joseph Dempster JrLegal Counse
Neil GraySecretary
Sarah PowersSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Allied Barton Security ServicesSecurity/cleanPO BOX 828854, Philadelphia, PA 19182$694,891
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,945,386
Investment Income
$0
Other Revenue
$77,522
Change in Net Assets
$-80,299

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,972,911
Revenue Not Reported on Financial Statements
$49,997
Revenue Not Reported on Form 990
$15,525
Other Revenue Adjustments
$49,997
Total Revenue per Audited Statements
$1,988,436
Total Revenue per Form 990
$2,022,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,133,139
Salaries, Compensation, and Employee Benefits$945,068
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$709,188$45,280-$754,468
Other Salaries and Wages$477,182$123,973-$601,155
Comp Disqual Persons$81,234$81,234-$162,468
Advertising$124,164--$124,164
Occupancy$76,477$28,241-$104,718
Other Employee Benefits$56,522$12,456-$68,978
Current Officers, Directors, Trustees, and Key Employees$34,008$34,008-$68,016
Payroll Taxes$35,284$9,167-$44,451
Conferences and Meetings$22,347$20,401-$42,748
Office Expenses$29,165--$29,165
Depreciation Depletion$21,769$5,091-$26,860
Grants to Domestic Orgs$25,000--$25,000
Fees for Services Accounting-$10,406-$10,406
Insurance$3,543$5,315-$8,858
Other Expenses$2,637$659-$3,296
Total Functional Expenses$1,719,461$383,746$0$2,103,207

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,118,732
Expenses per Audited Statements$2,103,207
Total Expenses per Form 990$2,103,207
Expenses Not Reported on Form 990$15,525
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
Yes
Subject to proxy tax
Yes
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
333 FAYETTEVILLE STREET SUITE 1150, RALEIGH, NC 27601

Signing Officer

Name
Orage Quarles Iii
Title
Interim Pres. & CEO
Phone
9198321231
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Orage Quarles Iii
Formed
1996
Legal Domicile
Nc
Voting Board Members
31
Independent Board Members
30
Employees
11

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 2016, the safety ambassadors performed the following services; 1,559 safety escorts, 5,074 hospitality assists including giving directions and dining recommendations and helping individuals find their cars, and 2,976 hours patrolling parking decks/lots.

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

Averages over 34,000 page views per month making the dra site one of the best places to find downtown information.

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

Retail brokers and landlords to fill storefront spaces in downtown. In 2016, 46 street level businesses opened (a net gain of 17 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. 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 2016 event.

Form 990, Part IX, Line 11G

Safety & cleaning services 694,890 0 0 bookeeping 14,298 45,280 0 total 709,188 45,280 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, 2017. 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 49,997

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREAS./CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4LEGAL COUNSE
IRS990/Form990PartVIISectionAGrp/TitleTxt5AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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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/TitleTxt25SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30INTERIM PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt31PRESIDENT &
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IRS990/MissionDesc0TO 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.
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IRS990/OtherExpensesGrp/Desc1BANK & CC FEES
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IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT FEE
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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