Civic Intelligence

Sacramento Downtown Partnership Inc

990 • Fiscal year 2017 • EIN 68-0270320

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 02, 2018

980 9th Street No 200Sacramento, CA 95814

(916) 442-8575

Siviq Scores

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

Liabilities / Assets

66th percentile

0.36x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.14x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Net Margin

39th percentile

1.8%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

57th percentile

$287,994

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Asset Growth

48th percentile

5.3%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

14%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,279,670

Up $114,636 (+5.3%) from 2016

Net Assets

Up

$1,454,047

Up $110,158 (+8.2%) from 2016

Liabilities

Up

$825,623

Up $4,478 (+0.5%) from 2016

Revenue

Up

$6,050,664

Up $730,663 (+14%) from 2016

Expenses

Up

$5,940,506

Up $670,279 (+13%) from 2016

Net Income

Up

$110,158

Up $60,384 (+121%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,511,838Liabilities 2010: $421,126Net Assets 2010: $1,090,7122010Assets 2011: $1,323,364Liabilities 2011: $365,753Net Assets 2011: $957,6112011Assets 2012: $1,569,488Liabilities 2012: $466,295Net Assets 2012: $1,103,1932012Assets 2013: $1,843,347Liabilities 2013: $532,000Net Assets 2013: $1,311,3472013Assets 2014: $1,687,388Liabilities 2014: $574,640Net Assets 2014: $1,112,7482014Assets 2015: $1,936,836Liabilities 2015: $751,240Net Assets 2015: $1,185,5962015Assets 2016: $2,165,034Liabilities 2016: $821,145Net Assets 2016: $1,343,8892016Assets 2017: $2,279,670Liabilities 2017: $825,623Net Assets 2017: $1,454,0472017Assets 2018: $2,533,058Liabilities 2018: $949,590Net Assets 2018: $1,583,4682018Assets 2019: $3,278,416Liabilities 2019: $1,152,605Net Assets 2019: $2,125,8112019Assets 2020: $3,474,484Liabilities 2020: $1,007,614Net Assets 2020: $2,466,8702020Assets 2021: $3,861,009Liabilities 2021: $1,131,351Net Assets 2021: $2,729,6582021Assets 2022: $4,868,825Liabilities 2022: $1,963,412Net Assets 2022: $2,905,4132022Assets 2023: $4,742,726Liabilities 2023: $1,817,923Net Assets 2023: $2,924,8032023Assets 2024: $4,327,711Liabilities 2024: $2,306,186Net Assets 2024: $2,021,5252024

Highlighted filing

2017

Assets$2,279,670
Liabilities$825,623
Net Assets$1,454,047

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2010: $3,599,228Expenses 2010: $3,414,985Net Income 2010: $184,2432010Revenue 2011: $3,757,338Expenses 2011: $3,746,527Net Income 2011: $10,8112011Revenue 2012: $3,818,946Expenses 2012: $3,673,364Net Income 2012: $145,5822012Revenue 2013: $4,131,718Expenses 2013: $3,923,564Net Income 2013: $208,1542013Revenue 2014: $4,163,018Expenses 2014: $4,309,968Net Income 2014: -$146,9502014Revenue 2015: $4,407,335Expenses 2015: $4,334,487Net Income 2015: $72,8482015Revenue 2016: $5,320,001Expenses 2016: $5,270,227Net Income 2016: $49,7742016Revenue 2017: $6,050,664Expenses 2017: $5,940,506Net Income 2017: $110,1582017Revenue 2018: $5,843,359Expenses 2018: $5,713,938Net Income 2018: $129,4212018Revenue 2019: $6,164,771Expenses 2019: $5,622,428Net Income 2019: $542,3432019Revenue 2020: $5,563,285Expenses 2020: $5,222,226Net Income 2020: $341,0592020Revenue 2021: $5,886,119Expenses 2021: $5,623,331Net Income 2021: $262,7882021Revenue 2022: $7,194,366Expenses 2022: $7,018,611Net Income 2022: $175,7552022Revenue 2023: $7,967,569Expenses 2023: $7,948,179Net Income 2023: $19,3902023Revenue 2024: $8,523,211Expenses 2024: $9,426,489Net Income 2024: -$903,2782024

Highlighted filing

2017

Revenue$6,050,664
Expenses$5,940,506
Net Income$110,158
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$6,053,507
Mission and Program Overview

Mission

Sacramento downtown partnership's mission is to establish downtown sacramento as the vibrant business, cultural and entertainment destination in the sacramento region through effective private-public collaboration to benefit residents, visitors and investors.

The mission of the sacramento downtown partnership is to establish downtown sacramento as the vibrant business, cultural and entertainment destination in the sacramento region through effective private-public collaboration to benefit residents, visitors and investors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$360,467$777,542▲ $417,075
Land, Buildings, and Equipment, Net$403,105$425,963▲ $22,858
Savings and Temporary Cash Investments$563,789$394,223▼ $169,566
Accounts Receivable$494,137$336,334▼ $157,803
Investments in Publicly Traded Securities$174,466$216,137▲ $41,671
Prepaid Expenses and Deferred Charges$127,474$121,621▼ $5,853
Other Notes and Loans Receivable, Net$34,546$0▼ $34,546
Total Assets$2,165,034$2,279,670▲ $114,636
Other Assets Total$7,050$7,850▲ $800
Liabilities
Accounts Payable and Accrued Expenses$679,967$676,643▼ $3,324
Other Liabilities$79,019$92,362▲ $13,343
Deferred Revenue$62,159$56,618▼ $5,541
Total Liabilities$821,145$825,623▲ $4,478
Net Assets / Fund Balance
Unrestricted Net Assets$1,026,046$1,101,624▲ $75,578
Temporarily Rstr Net Assets$317,843$352,423▲ $34,580
Total Net Assets Fund Balance$1,343,889$1,454,047▲ $110,158
Total Liabilities and Net Assets / Fund Balance$2,165,034$2,279,670▲ $114,636

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$257,518$440,474$697,992
Other Land Buildings$108,352$30,809$139,161
Leasehold Improvements$60,093$9,460$69,553
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael AultExecutive DirectorFT$209,903$78,091$287,994
Danielle BillerDeputy DirectorFT$132,715$25,687$158,402
Dion DwyerDirector Comm ServicesFT$121,141$12,306$133,447

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Gvhi Park Tower Owner LLCOccupancy900 N MICHIGAN AVE SUITE 14500, Chicago, IL 60611$115,606
Revenue and Support

Revenue Composition

Contributions and Grants
$331,421
Program Service Revenue
$5,719,494
Investment Income
$-251
Other Revenue
$0
All Other Contributions
$180,550
Change in Net Assets
$110,158

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,053,507
Revenue Not Reported on Financial Statements
$-2,843
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-2,843
Total Revenue per Audited Statements
$6,053,507
Total Revenue per Form 990
$6,050,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,981,888
Salaries, Compensation, and Employee Benefits$2,878,618
Grants and Similar Amounts Paid$80,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,887,372
Fees for Services Other---$663,042
Other Employee Benefits---$449,228
Current Officers, Directors, Trustees, and Key Employees---$287,994
Occupancy---$251,488
Payroll Taxes---$198,597
Depreciation Depletion---$94,372
Other Expenses---$90,579
Grants to Domestic Orgs---$80,000
Fees for Services Accounting---$61,952
Office Expenses---$61,310
Pension Plan Contributions---$55,427
All Other Expenses---$48,578
Insurance---$28,565
Travel---$17,385
Fees for Services Legal---$10,774
Advertising---$5,264
Information Technology---$4,820
Interest---$684
Total Functional Expenses$0$0$0$5,940,506

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,943,349
Total Expenses per Audited Statements$5,943,349
Total Expenses per Form 990$5,940,506
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-2,843
Other Expense Adjustments$-2,843
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sacramento Self-help HousingSacramento, CA501(c)(3)Aid Homeless$50,000
Downtown Sacramento FoundationSacramento, CA501(c)(3)Support the Improvement of the Social, Physical and Culturalenvironment of Downtown Sacramento$30,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$55,370
Deposits$22,609
Capital Leases$14,383
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
Yes
Conflict-of-interest policy
Yes
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 2

Line 2 explanation - michael ault, executive director and danielle biller, deputy director are brother and sister in-laws.

Form 990, Part VI, Section B, Line 11B

Line 11a explanation - the form 990 is provided in advance to the executive and governance committees and is available for review by members of the board.

Form 990, Part VI, Section B, Line 12C

Annually, members of the board are required to renew their acceptance of the code of conduct in writing. The executive committee is charged with the responsibility to ensure board member disclosures and ongoing adherence to the code. The governance committee is charged with an annual review of director's conduct, attendance and participation.

Form 990, Part VI, Section B, Line 15

The personnel committee is responsible for the annual review of the executive director and determination of the position's compensation package. The executive committee will review recommendation, in closed session, the executive director's performance and compensation at their regularly scheduled meeting. Before determining changes to compensation (beyond standard cola) or contract, the executive committee reviews these elements of similar positions considered to be comparable.

Form 990, Part VI, Section C, Line 19

All of the organization's public documents are available at the partnership office located at 980 9th street, suite 200, sacramento, california, 95814 and are available to the general public upon request. Board, committee and task force agendas are also available online at www.downtownsac.org. They are posted 72-hours in advance of meetings at 1010 8th street, sacramento, california, 95814 and are available to the general public upon request. Also upon request, agendas and documents in agenda packets will be made available including in appropriate and available alternative formats to persons with a disability, as required by law. Any such request must be made in writing to the administrative assistant at 980 9th street, suite 400, sacramento, california, 95814. Persons needing disability-related modifications or accommodations in order to participate in public meetings, including persons requiring auxiliary aids or services, may request such modifications or accommodations by calling the administrative assistant at (916) 442-8575 at least 48 hours prior to the meeting.

Filing and Contact Details

Filer

Filer Name
Sacramento Downtown Partnership Inc
EIN
68-0270320
Phone
9164428575
Address
980 9TH STREET NO 200, SACRAMENTO, CA 95814

Signing Officer

Name
Michael Ault
Title
Executive Director
Phone
9164428575
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Ault
Formed
1991
Legal Domicile
CA
Voting Board Members
30
Independent Board Members
30
Employees
133
Volunteers
0

Preparer

Firm
Bfba Llp
Address
83 SCRIPPS DRIVE STE 210, SACRAMENTO, CA 95825
Preparer
Patricia a Faith
Phone
9169240800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Security 499,669. Payroll processing fess 8,094. Pressure washing 93,360. Other various fees for services 16,432. Marketing consultants 700. Graphic design 9,237. Employee hiring 35,550.

Form 990, Part IX, Line 24E

Business development 45,418. Licenses & fees 3,160.

FORM 990, PART XII, LINE 2C:

No change in in oversight nor selection process during the tax year.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on asset disposal - reclassed -2,843.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Loss on asset disposal - reclassed -2,843.

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IRS990/Form990PartVIISectionAGrp/PersonNm24RICHARD LEWIS
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IRS990/Form990PartVIISectionAGrp/PersonNm29STEVE HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm30MICHAEL AULT
IRS990/Form990PartVIISectionAGrp/PersonNm31DANIELLE BILLER
IRS990/Form990PartVIISectionAGrp/PersonNm32DION DWYER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10OFFICER
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/TitleTxt23SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DEPUTY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIR COMM SERVICES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2843
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GovernmentGrantsAmt0150871
IRS990/GrantsToDomesticOrgsGrp/TotalAmt080000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06053507
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/InsuranceGrp/TotalAmt028565
IRS990/InterestGrp/TotalAmt0684
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SACRAMENTO DOWNTOWN PARTNERSHIP'S MISSION IS TO ESTABLISH DOWNTOWN SACRAMENTO AS THE VIBRANT BUSINESS, CULTURAL AND ENTERTAINMENT DESTINATION IN THE SACRAMENTO REGION THROUGH EFFECTIVE PRIVATE-PUBLIC COLLABORATION TO BENEFIT RESIDENTS, VISITORS AND INVESTORS.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc0SPECIAL EVENTS PROGRAM
IRS990/OtherExpensesGrp/Desc1ADVOCACY/DEVELOPMT PROG
IRS990/OtherExpensesGrp/Desc2SAFETY PROGRAM
IRS990/OtherExpensesGrp/Desc3MAINTENANCE PROGRAM
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IRS990/OtherExpensesGrp/TotalAmt1184063
IRS990/OtherExpensesGrp/TotalAmt2158469
IRS990/OtherExpensesGrp/TotalAmt390579
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IRS990/PensionPlanContributionsGrp/TotalAmt055427

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$2.31$2.02$8.52$9.43$0.90
2023Summary only. Only limited summary data is available for this year.$4.74$1.82$2.92$7.97$7.95$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.87$1.96$2.91$7.19$7.02$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$1.13$2.73$5.89$5.62$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$1.01$2.47$5.56$5.22$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$1.15$2.13$6.16$5.62$0.54
2018Summary only. Only limited summary data is available for this year.$2.53$0.95$1.58$5.84$5.71$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.28$0.83$1.45$6.05$5.94$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.82$1.34$5.32$5.27$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.94$0.75$1.19$4.41$4.33$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.57$1.11$4.16$4.31$0.15
2013Summary only. Only limited summary data is available for this year.$1.84$0.53$1.31$4.13$3.92$0.21
2012Summary only. Only limited summary data is available for this year.$1.57$0.47$1.10$3.82$3.67$0.15
2011Summary only. Only limited summary data is available for this year.$1.32$0.37$0.96$3.76$3.75$0.01
2010Summary only. Only limited summary data is available for this year.$1.51$0.42$1.09$3.60$3.41$0.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)6 • $5M-$10M nonprofits