Civic Intelligence

Downtown Raleigh Alliance Inc

990 • Fiscal year 2025 • EIN 56-1994005

Jul 01, 2024 to Jun 30, 2025 • Filed on Feb 19, 2026

Organization ProfileWWW.DOWNTOWNRALEIGH.ORG
333 Fayetteville Street 1150Raleigh, NC 27601

(919) 532-1231

Siviq Scores

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

Liabilities / Assets

80th percentile

0.36x

Higher debt load relative to assets than 80% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

56th percentile

0.16x

Higher debt load relative to revenue than 56% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

28th percentile

-1.1%

Higher net margin than 28% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

72nd percentile

$196,500

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

30th percentile

-0.4%

Faster asset growth than 30% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

79th percentile

19%

Faster revenue growth than 79% of similar nonprofits.

2025 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$1,803,171

Down $7,010 (-0.4%) from 2024

Net Assets

Down

$1,162,554

Down $42,418 (-3.5%) from 2024

Liabilities

Up

$640,617

Up $35,408 (+5.9%) from 2024

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin28th percentile

Revenue

Up

$4,037,115

Up $643,585 (+19%) from 2024

Expenses

Up

$4,079,533

Up $693,353 (+20%) from 2024

Net Income

Down

-$42,418

Down $49,768 (-677%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

2025

Assets$1,803,171
Liabilities$640,617
Net Assets$1,162,554
Open 2025 Filing

Operations Trend

Revenue Growth79th percentile

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

2025

Revenue$4,037,115
Expenses$4,079,533
Net Income-$42,418
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 19, 2026
Return Version
2024v5.5
Gross Receipts
$4,037,115
Mission and Program Overview

Mission

Advancing the vitality of downtown raleigh for everyone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,088,855$1,237,454▲ $148,599
Cash and Non-Interest-Bearing Accounts$85,493$88,483▲ $2,990
Accounts Receivable$37,096$84,441▲ $47,345
Prepaid Expenses and Deferred Charges$55,209$65,561▲ $10,352
Land, Buildings, and Equipment, Net$52,160$59,976▲ $7,816
Total Assets$1,810,181$1,803,171▼ $7,010
Other Assets Total$491,368$267,256▼ $224,112
Liabilities
Other Liabilities$466,668$420,893▼ $45,775
Accounts Payable and Accrued Expenses$129,041$202,533▲ $73,492
Deferred Revenue$9,500$17,191▲ $7,691
Total Liabilities$605,209$640,617▲ $35,408
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,204,972$1,162,554▼ $42,418
Total Net Assets Fund Balance$1,204,972$1,162,554▼ $42,418
Total Liabilities and Net Assets / Fund Balance$1,810,181$1,803,171▼ $7,010

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,903$279,546$319,449
Leasehold Improvements$20,073$37,738$57,811
Other Assets Org$267,256--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bill KingPresident and CEOPT$196,500$196,500

Board Members and Trustees

NameTitle
Skip HillBoard Chair
Paulette DillardBoard Immediate Past Chair
Mike MunnBoard Vice Chair/coming Chair
Bo DempsterBoard Legal Counsel
Britt ThomasBoard Secretary
Emily WilliamsBoard Treasurer
Anna Grace FitzgeraldDirector
Carly JonesDirector
Charlie IbarraDirector
Chris BudnickDirector
Chris RobertsDirector
Danny SeatonDirector
Davis RoachDirector
Felicia TrujilloDirector
Gregg SandreuterDirector
Jamie SchwedlerDirector
Kassia GibbsDirector
Kathleen MakenaDirector
Lauren RomerDirector
Lt MccrimmonDirector
Natalie BattenDirector
Nicholle Allen-steeleDirector
Owen WilliamsDirector
Pete ByersDirector
Rebecca Quinn-wolfDirector
Stacey BuescherDirector
Tiffany BarrierDirector
Yvette HolmesDirector
Adrienne ColeDirector (ex-officio)
David EllisDirector (ex-officio)
Denny EdwardsDirector (ex-officio)
Evan RaleighDirector (ex-officio)
Janet CowellDirector (ex-officio)
Ruffin HallDirector (ex-officio)
Derrick RemerAt-large Member
Tia MclaurinAt-large Member

Highest Paid Contractors

ContractorServicesLocationCompensation
333 Ventures LLCReal Estate333 FAYETTEVILLE STREET SUITE 100, Raleigh, NC 27601$151,768
Revenue and Support

Revenue Composition

Contributions and Grants
$321,807
Program Service Revenue
$3,709,045
Investment Income
$6,263
Other Revenue
$0
All Other Contributions
$246,807
Change in Net Assets
$-42,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,625,114
Salaries, Compensation, and Employee Benefits$1,454,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,071,102
Advertising---$264,509
Payments to Affiliates---$212,212
Depreciation Depletion---$207,341
Current Officers, Directors, Trustees, and Key Employees---$196,500
Payroll Taxes---$94,985
Other Employee Benefits---$91,832
Conferences and Meetings---$41,732
Information Technology---$36,834
Other Expenses---$26,298
Office Expenses---$23,167
Fees for Services Accounting---$12,335
Insurance---$6,376
All Other Expenses---$5,227
Fees for Services Other---$3,649
Total Functional Expenses$0$0$0$4,079,533
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
Lease Liability$297,724
Due To/from Rcv$123,169
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Part VI, Section B, 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 for resolution.”

Form 990, Part VI, Section B, 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 that interest known 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 with such an interest, shall refrain from voting upon or otherwise participating in such a transaction.”

Form 990, Part VI, Section B, 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, Part VI, Section C, 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 1150, RALEIGH, NC 27601

Signing Officer

Name
Bill King
Title
President & CEO
Phone
9195321231
Signed
2026-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill King
Formed
1996
Legal Domicile
Nc
Voting Board Members
37
Independent Board Members
36
Employees
17
Volunteers
36

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Downtown raleigh alliance (the organization") is exempt from income taxes as a not-for-profit organization under internal revenue service ("irs") code section 501(c)(6). During the years ended june 30, 2025 and 2024, the organization did not have any income subject to taxation as unrelated business taxable income. The organization evaluates any uncertain tax positions. 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, 2025 and 2024.”

Raw XML AppendixShowing 400 of 656 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.

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IRS990/Desc0THE DOWNTOWN RALEIGH COMMUNITY ENGAGEMENT, SAFETY, AND SOCIAL SERVICES OUTREACH PROGRAM FOSTERS A WELCOMING AND SAFE ENVIRONMENT IN DOWNTOWN THROUGH THE EFFORTS OF SAFETY AMBASSADORS WHO PATROL THE PUBLIC REALM WITHIN THE MUNICIPAL SERVICES DISTRICT SEVEN DAYS A WEEK. THE SAFETY AMBASSADORS ALSO PROVIDE A STRONG, UNIFORMED PRESENCE, ENHANCING THE SENSE OF SAFETY WITH THEIR PATROLS OF THE MUNICIPALLY-OWNED PARKING DECKS AND LOTS. CLAD IN HIGHLY VISIBLE BLUE UNIFORMS AND EQUIPPED WITH HAND-HELD RADIOS, THE SAFETY AMBASSADORS SERVE AS SUPPLEMENTARY "EYES AND EARS" FOR THE DOWNTOWN DIVISION OF THE RALEIGH POLICE DEPARTMENT.IN ADDITION, THE AMBASSADOR TEAM CONTINUES TO INCREASE INTERACTIONS WITH THE COMMUNITY BY PROVIDING ONGOING INFORMATIONAL AND SAFETY PRESENTATIONS FOR BUSINESSES AND STAKEHOLDER GROUPS, PREPARING NEW EMPLOYEES MOVING INTO DOWNTOWN RALEIGH, AND HOLDING MONTHLY MEETINGS WITH THE RALEIGH POLICE DISTRICT CAPTAIN TO STRATEGIZE WAYS TO LOWER CRIME. THIS PROACTIVE APPROACH HELPS BUILD TRUST AND COLLABORATION WITHIN THE COMMUNITY.THE DOWNTOWN AMBASSADORS PROVIDE THE FOLLOWING SERVICES:BUSINESS CHECK-INSHOT SPOT CHECKSSAFE WALKSHOSPITALITY ASSISTANCE (INCLUDING DINING RECOMMENDATIONS, DIRECTIONS, AND MOTORIST ASSISTANCE)DIRECTIONSMOTORIST ASSISTSSAFETY AMBASSADORS DECK PATROLS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD VICE CHAIR/COMING CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD LEGAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7AT-LARGE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8AT-LARGE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
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IRS990/MinutesOfCommitteesInd01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,803,171
Liabilities
$640,617
Net assets
$1,162,554
Revenue
$4,037,115
Expenses
$4,079,533
Net income
-$42,418
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