Civic Intelligence

Downtown Raleigh Alliance Inc

990 • Fiscal year 2018 • EIN 56-1994005

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 01, 2018

333 Fayetteville Street Suite 1150Raleigh, NC 27601

(919) 532-1231

Siviq Scores

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

Liabilities / Assets

55th percentile

0.21x

Higher debt load relative to assets than 55% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

0.06x

Higher debt load relative to revenue than 30% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

46th percentile

2.8%

Higher net margin than 46% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

67th percentile

$189,303

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

55th percentile

3.8%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

58th percentile

5.2%

Faster revenue growth than 58% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$649,931

Up $23,696 (+3.8%) from 2017

Net Assets

Up

$514,108

Up $60,154 (+13%) from 2017

Liabilities

Down

$135,823

Down $36,458 (-21%) from 2017

Revenue

Up

$2,128,963

Up $106,055 (+5.2%) from 2017

Expenses

Down

$2,068,809

Down $34,398 (-1.6%) from 2017

Net Income

Up

$60,154

Up $140,453 (+175%) from 2017

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

2018

Assets$649,931
Liabilities$135,823
Net Assets$514,108

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

2018

Revenue$2,128,963
Expenses$2,068,809
Net Income$60,154
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 1, 2018
Return Version
2017v2.3
Gross Receipts
$2,128,963
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
Savings and Temporary Cash Investments$273,364$277,956▲ $4,592
Cash and Non-Interest-Bearing Accounts$280,958$201,905▼ $79,053
Land, Buildings, and Equipment, Net$43,892$95,383▲ $51,491
Prepaid Expenses and Deferred Charges$28,021$32,021▲ $4,000
Total Assets$626,235$649,931▲ $23,696
Other Assets Total-$42,666-
Liabilities
Accounts Payable and Accrued Expenses$108,436$84,587▼ $23,849
Deferred Revenue$63,845$51,236▼ $12,609
Total Liabilities$172,281$135,823▼ $36,458
Net Assets / Fund Balance
Unrestricted Net Assets$453,954$514,108▲ $60,154
Total Net Assets Fund Balance$453,954$514,108▲ $60,154
Total Liabilities and Net Assets / Fund Balance$626,235$649,931▲ $23,696

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$41,587$125,877$167,464
Leasehold Improvements$53,796$4,015$57,811
Other Assets Org$-653--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Orage Quarles IiiInterim PresFT$158,333$30,970$189,303
Orage Quarles IiiInterim Pres. & CEO-$158,333$30,970$189,303

Board Members and Trustees

NameTitle
Sharon MoeChair
Kristopher LarsonPresident &
Adrienne ColeBoard Member
Brian RalphBoard Member
Cameron GorseBoard Member
Courtney CrowderBoard Member
David EllisBoard Member
David MeekerBoard Member
Delisa AlexanderBoard Member
Denny EdwardsBoard Member
Doug WarfBoard Member
Jason SmithBoard Member
Jim GreeneBoard Member
Joe MeirBoard Member
Leon CoxBoard Member
Marty ClaytonBoard Member
Rebecca Quinn-wolfBoard Member
Robby LawsonBoard Member
Robert DoreaukBoard Member
Sarah PowersBoard Member
Sean MaloneBoard Member
Sue GlennonBoard Member
Tyler HeliksonBoard Member
Van NolinthaBoard Member
Caroline WelchAt-large
D O'HARA MACKENAt-large
Sally EdwardsAt-large
Jon WilsonImmediate Pa
Joseph Bo Dempster JrLegal Counse
Pam BlondinSecretary
Neil GrayTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Allied Universal Security SvcsSecurityPO BOX 828854, Philadelphia, PA 19182$611,803
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,041,940
Investment Income
$0
Other Revenue
$87,023
Change in Net Assets
$60,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,125,833
Salaries, Compensation, and Employee Benefits$942,976
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$619,829$25,417-$645,246
Other Salaries and Wages$450,994$115,283-$566,277
Advertising$175,687--$175,687
Occupancy$114,460$51,387-$165,847
Comp Disqual Persons$51,458$51,458-$102,916
Current Officers, Directors, Trustees, and Key Employees$49,593$49,593-$99,186
Other Employee Benefits$70,165$27,496-$97,661
Payroll Taxes$41,848$16,400-$58,248
Office Expenses$23,358$5,678-$29,036
Depreciation Depletion$17,918$10,729-$28,647
Conferences and Meetings$11,587$9,284-$20,871
Pension Plan Contributions$13,427$5,261-$18,688
Fees for Services Accounting-$10,434-$10,434
Insurance$3,236$4,468-$7,704
Other Expenses$4,253$1,063-$5,316
Total Functional Expenses$1,669,023$399,786$0$2,068,809
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
9195321231
Address
333 FAYETTEVILLE STREET SUITE 1150, RALEIGH, NC 27601

Signing Officer

Name
Kristopher Larson
Title
President & CEO
Phone
9195321231
Signed
2018-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristopher Larson
Formed
1996
Legal Domicile
Nc
Voting Board Members
31
Independent Board Members
30
Employees
16

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
9198326848
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To build upon downtown's recent revitalization by enhancing its quality of life and 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 2017, the safety ambassadors performed the following services: 1605 safety escorts, 7313 hospitality assists including giving directions, dining recommendations, and helping individuals find their cars, and 2976 hours patrolling parking decks/lots.

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

Averages over 23,000 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

Storefront spaces in downtown. In 2017, thirty-seven street level businesses opened, 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 opportunitiesas well as information and resources. The alliance currently has over 400 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 2017 event.

Form 990, Part IX, Line 11G

Contracted services 611,803 0 0 professional 8,026 25,417 0 total 619,829 25,417 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization evaluate 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, 2018.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4LEGAL COUNSE
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IRS990/MissionDesc0TO BUILD UPON DOWNTOWN'S RECENT REVITALIZATION BY ENHANCING ITS QUALITY OF LIFE AND 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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Document Assets

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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