Civic Intelligence

Downtown Events Group Inc

EIN 75-3175987 • 501(c)3 • Des Moines, IA

Profile

Producing annual large-scale festivals and events to enhance the quality of life, economic development, and cultural diversity in greater des moines.

700 Locust Street Suite 100Des Moines, IA 50309

www.downtowneventsgroup.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.78x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-19%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.9%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$192,667

Down $44,846 (-19%) from 2023

Liabilities

Down

$151,189

Down $207,802 (-58%) from 2023

Net Assets

Up

$41,478

Up $162,956 (+134%) from 2023

Revenue

Up

$1,515,360

Up $42,446 (+2.9%) from 2023

Expenses

Down

$1,352,404

Down $3,730 (-0.3%) from 2023

Net Income

Up

$162,956

Up $46,176 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$500K$0-$500KAssets 2010: $94,830Liabilities 2010: $78,599Net Assets 2010: $16,2312010Assets 2011: $87,475Liabilities 2011: $113,723Net Assets 2011: -$26,2482011Assets 2012: $81,027Liabilities 2012: $194,369Net Assets 2012: -$113,3422012Assets 2013: $64,841Liabilities 2013: $330,064Net Assets 2013: -$265,2232013Assets 2014: $3,952Liabilities 2014: $460,406Net Assets 2014: -$456,4542014Assets 2015: $54,399Liabilities 2015: $455,784Net Assets 2015: -$401,3852015Assets 2016: $95,416Liabilities 2016: $461,850Net Assets 2016: -$366,4342016Assets 2017: $69,587Liabilities 2017: $342,026Net Assets 2017: -$272,4392017Assets 2018: $106,760Liabilities 2018: $311,182Net Assets 2018: -$204,4222018Assets 2019: $79,081Liabilities 2019: $240,274Net Assets 2019: -$161,1932019Assets 2020: $93,167Liabilities 2020: $160,410Net Assets 2020: -$67,2432020Assets 2021: $156,873Liabilities 2021: $204,552Net Assets 2021: -$47,6792021Assets 2022: $46,540Liabilities 2022: $284,798Net Assets 2022: -$238,2582022Assets 2023: $237,513Liabilities 2023: $358,991Net Assets 2023: -$121,4782023Assets 2024: $192,667Liabilities 2024: $151,189Net Assets 2024: $41,4782024

Highlighted filing

2024

Assets$192,667
Liabilities$151,189
Net Assets$41,478

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $465,305Expenses 2010: $461,076Net Income 2010: $4,2292010Expenses 2011: $483,3682011Revenue 2012: $592,514Expenses 2012: $679,608Net Income 2012: -$87,0942012Revenue 2013: $816,619Expenses 2013: $968,500Net Income 2013: -$151,8812013Revenue 2014: $854,578Expenses 2014: $1,045,809Net Income 2014: -$191,2312014Revenue 2015: $702,008Expenses 2015: $646,939Net Income 2015: $55,0692015Revenue 2016: $769,832Expenses 2016: $734,881Net Income 2016: $34,9512016Revenue 2017: $783,743Expenses 2017: $689,748Net Income 2017: $93,9952017Revenue 2018: $698,437Expenses 2018: $630,420Net Income 2018: $68,0172018Revenue 2019: $789,892Expenses 2019: $746,663Net Income 2019: $43,2292019Revenue 2020: $505,378Expenses 2020: $411,428Net Income 2020: $93,9502020Revenue 2021: $737,514Expenses 2021: $717,950Net Income 2021: $19,5642021Revenue 2022: $418,181Expenses 2022: $608,760Net Income 2022: -$190,5792022Revenue 2023: $1,472,914Expenses 2023: $1,356,134Net Income 2023: $116,7802023Revenue 2024: $1,515,360Expenses 2024: $1,352,404Net Income 2024: $162,9562024

Highlighted filing

2024

Revenue$1,515,360
Expenses$1,352,404
Net Income$162,956

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.15$0.04$1.52$1.35$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.36$0.12$1.47$1.36$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.28$0.24$0.42$0.61$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.20$0.05$0.74$0.72$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.16$0.07$0.51$0.41$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.24$0.16$0.79$0.75$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.31$0.20$0.70$0.63$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.34$0.27$0.78$0.69$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.46$0.37$0.77$0.73$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.46$0.40$0.70$0.65$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.46$0.46$0.85$1.05$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.06$0.33$0.27$0.82$0.97$0.15
2012Summary only. Only limited summary data is available for this year.$0.08$0.19$0.11$0.59$0.68$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.11$0.03$0.48
2010Summary only. Only limited summary data is available for this year.$0.09$0.08$0.02$0.47$0.46$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 15, 2023
Return Version
2022v5.0
Gross Receipts
$418,181
Mission and Program Overview

Mission

Producing annual large-scale festivals and events to enhance the quality of life, economic activity, and cultural diversity in greater des moines.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$9,768$17,500▲ $7,732
Cash and Non-Interest-Bearing Accounts$133,613$15,376▼ $118,237
Land, Buildings, and Equipment, Net$5,992$8,914▲ $2,922
Prepaid Expenses and Deferred Charges$7,500$4,750▼ $2,750
Rtn Earn Endowment Incm Other Fnds$-47,679$-238,258▼ $190,579
Total Assets$156,873$46,540▼ $110,333
Liabilities
Accounts Payable and Accrued Expenses$184,552$249,798▲ $65,246
Deferred Revenue$20,000$35,000▲ $15,000
Total Liabilities$204,552$284,798▲ $80,246
Net Assets / Fund Balance
Total Net Assets Fund Balance$-47,679$-238,258▼ $190,579
Total Liabilities and Net Assets / Fund Balance$156,873$46,540▼ $110,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,914$21,603$30,517
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kirk IrwinChief Admin$279,828$279,828

Board Members and Trustees

NameTitle
Hallie Still-carisCo-chair
Jake ChristensenCo-chair
Tiffany TauscheckPresident
Alex BriggsDirector
Amanda WiebersDirector
Andrea MorseDirector
Ardis KelleyDirector
Becky GibsonDirector
Brad SchoenfelderDirector
Brandon BrownDirector
Chris CurranDirector
Derek JohnsonDirector
Emily AbbasDirector
Farnaz MatersDirector
Greg WattierDirector
Jay ByersDirector
Jeff ChelsevigDirector
Jenny MccoyDirector
John NorrisDirector
John Ruan IvDirector
Josh MandelbaumDirector
Kathryn KunertDirector
Kent MauckDirector
Kyle GambleDirector
Matt AndersonDirector
Mike AbbottDirector
Paul RottenbergDirector
Robert GavoraDirector
Sharon KrauseDirector
Terry RosendahlDirector
Todd KampDirector
Amanda BriggsCfao
Kirk IrwinChief Admin Officer
Julie StewartExecutive Co
Karen KarrExecutive Co
Kris SaddorisExecutive Co
David BrownSecretary
Sid RamseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$418,181
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$418,181
Change in Net Assets
$-190,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$418,181
Total Revenue per Audited Statements
$418,181
Total Revenue per Form 990
$418,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$604,379
Total Fundraising Expense$51,958
Salaries, Compensation, and Employee Benefits$4,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$121,235$51,958$173,193
Advertising$61,119--$61,119
Fees for Services Other$58,596--$58,596
Other Expenses$21,176--$21,176
All Other Expenses$16,189--$16,189
Office Expenses$9,155--$9,155
Occupancy$8,769--$8,769
Other Employee Benefits$4,381--$4,381
Total Functional Expenses$435,567$121,235$51,958$608,760

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$608,760
Total Expenses per Audited Statements$608,760
Total Expenses per Form 990$608,760
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 3

The organizations board consists of the board of the downtown dsm, inc., which its sole member. The board is comprised of a large number of individuals from many different businesses in the region. The organizations represented on the board operate in a number of industries and serve a broad range of customers. As such, the various organizations represented by the board members have ordinary and usual business relationships with certain other organizations also represented on the board. Those relationships are all in the ordinary course of business and do not create conflicts of interest relative to the work of the organizations.

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

The form 990 information was compiled by the organizations chief financial and administrative officer of the greater des moines partnership, with support from its independent tax preparer. The review of the information ensured the accuracy of the data, along with compliance with irs requirements. The form 990 was reviewed in detail by the greater des moines partnership finance committee to ensure its accuracy, transparency, and completeness. The form 990 was provided to all board members for their review.

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

Each year, all employees review the conflict of interest policy. The policy requires that each individual acknowledges having received the policy, they've read and understood the policy, and agree to comply with the policy. Employees disclose on an annual basis any apparent or actual conflicts of interest. That information is reviewed by the officers of the greater des moines partnership, a related organization, in order to determine whether a conflict of interest does or may exist. According to the policy, if upon review of these disclosures, a conflict of interest does exist, a management plan will be developed and implemented to resolve the conflict of interest. During the year, there were no conflicts of interest identified for board members or for employees. Consistent with prior years, the annual affirmation was again conducted as of the first of the year.

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

For all employees of the organizations, job descriptions are kept up to date in order to ensure compensation levels are appropriate. The president and ceo of the greater des moines partnership routinely consults an independent consultant in order to ensure compensation levels for those positions are appropriate, defensible, and can be substantiated. All such information is made available upon request to the compensation committee of the greater des moines partnership.

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

For other officers and key employees of the organization, the president and ceo conducts a performance review which was made available to the compensation committee of the organization. In addition, the president and ceo routinely consults an independent consultant in order to ensure compensation levels for those positions are appropriate, defensible, and can be substantiated.

Form 990, Page 6, Part VI, Line 19

The organizations financial statements are available to the public upon request. In every situation where the statements were requested, the financial statements requested were provided. Similarly, when governing documents such as articles of incorporation are requested, those have been shared. There have been infrequent requests for these documents, but in every case, information is shared as requested.

Filing and Contact Details

Filer

Filer Name
Downtown Events Group Inc
EIN
75-3175987
Phone
5152864950
Address
700 LOCUST STREET SUITE 100, DES MOINES, IA 50309

Signing Officer

Name
Amanda Briggs
Title
Cfao
Phone
5152864950
Signed
2023-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tiffany Tauscheck
Formed
2004
Legal Domicile
Ia
Voting Board Members
35
Independent Board Members
33
Employees
4
Volunteers
100

Preparer

Firm
Andersen Tax LLC
Address
666 GRAND AVE STE 2400, DES MOINES, IA 50309-2500
Preparer
Holly Larson
Phone
5152453737
Raw XML AppendixShowing 400 of 685 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/AccountsReceivableGrp/EOYAmt017500
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IRS990/ActivityOrMissionDesc0PRODUCING ANNUAL LARGE-SCALE FESTIVALS AND EVENTS TO ENHANCE THE QUALITY OF LIFE, ECONOMIC ACTIVITY, AND CULTURAL DIVERSITY IN GREATER DES MOINES.
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