Civic Intelligence

Downtown Moorhead Inc

990 • Fiscal year 2022 • EIN 81-3097290

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 27, 2023

Organization ProfileWWW.DTMOORHEAD.ORG
200 5th Street S Ste 203Moorhead, MN 56560

(218) 443-1361

Siviq Scores

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

Liabilities / Assets

69th percentile

0.06x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.05x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$162,654

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 71.2% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

82nd percentile

25%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

52nd percentile

13%

Faster revenue growth than 52% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$172,882

Up $34,171 (+25%) from 2021

Net Assets

Up

$161,740

Up $32,631 (+25%) from 2021

Liabilities

Up

$11,142

Up $1,540 (+16%) from 2021

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin72nd percentile

Revenue

Up

$228,500

Up $25,461 (+13%) from 2021

Expenses

Down

$195,869

Down $1,207 (-0.6%) from 2021

Net Income

Up

$32,631

Up $26,668 (+447%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$300K$200K$100K$0Assets 2018: $83,030Liabilities 2018: $3,691Net Assets 2018: $79,3392018Assets 2019: $144,121Liabilities 2019: $3,033Net Assets 2019: $141,0882019Assets 2020: $128,128Liabilities 2020: $4,982Net Assets 2020: $123,1462020Assets 2021: $138,711Liabilities 2021: $9,602Net Assets 2021: $129,1092021Assets 2022: $172,882Liabilities 2022: $11,142Net Assets 2022: $161,7402022Assets 2023: $200,832Liabilities 2023: $0Net Assets 2023: $200,8322023Assets 2024: $210,893Liabilities 2024: $0Net Assets 2024: $210,8932024Assets 2025: $269,583Liabilities 2025: $0Net Assets 2025: $269,5832025

Highlighted filing

2022

Assets$172,882
Liabilities$11,142
Net Assets$161,740
Open 2022 Filing

Operations Trend

Revenue Growth52nd percentile

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

$300K$200K$100K$0-$100KRevenue 2018: $46,889Expenses 2018: $46,453Net Income 2018: $4362018Revenue 2019: $225,516Expenses 2019: $163,767Net Income 2019: $61,7492019Revenue 2020: $182,500Expenses 2020: $200,442Net Income 2020: -$17,9422020Revenue 2021: $203,039Expenses 2021: $197,076Net Income 2021: $5,9632021Revenue 2022: $228,500Expenses 2022: $195,869Net Income 2022: $32,6312022Revenue 2023: $227,400Expenses 2023: $188,308Net Income 2023: $39,0922023Revenue 2024: $219,938Expenses 2024: $209,877Net Income 2024: $10,0612024Revenue 2025: $273,023Expenses 2025: $214,333Net Income 2025: $58,6902025

Highlighted filing

2022

Revenue$228,500
Expenses$195,869
Net Income$32,631
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 27, 2023
Return Version
2022v5.0
Gross Receipts
$228,500
Mission and Program Overview

Mission

Downtown moorhead incorporated is a private, non-profit organization dedicated to the beneficial economic growth and business development of downtown moorhead. We accomplish this through policy development, advocacy, and program management functions conducted on behalf of downtown stakeholders/investors, and in cooperation with public and other private-sector partners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$138,711$172,882▲ $34,171
Total Assets$138,711$172,882▲ $34,171
Liabilities
Accounts Payable and Accrued Expenses$9,602$11,142▲ $1,540
Total Liabilities$9,602$11,142▲ $1,540
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$129,109$161,740▲ $32,631
Total Net Assets Fund Balance$129,109$161,740▲ $32,631
Total Liabilities and Net Assets / Fund Balance$138,711$172,882▲ $34,171
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derrick LapointPresident/CEOFT$154,000$8,654$162,654

Board Members and Trustees

NameTitle
Ted HoranBoard Chair
Jon RiewerVice Chair & Secretary
Anne BlackhurstDirector
Bill CraftDirector
Brandon LunakDirector
Carrie BrimhallDirector
Lisa BorgenDirector
Marcia PulczinskiDirector
Matt LeisethDirector
Mike EricksonDirector
Sheri LarsonDirector
Steve D ScheelDirector
Steve JesmeDirector
Joe WatzkeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$98,500
Program Service Revenue
$130,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$98,500
Change in Net Assets
$32,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$176,233
Other Expenses$19,636
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$164,624
Payroll Taxes---$11,609
Occupancy---$6,050
Fees for Services Accounting---$5,296
Insurance---$2,719
Travel---$2,704
Office Expenses---$1,356
Other Expenses---$1,180
Advertising---$331
Total Functional Expenses$0$0$0$195,869
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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 B, Line 11B

“Members of the dmi executive team review the responses prior to submission.”

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

“Dmi has a conflict of interest policy that each board member signs.”

Form 990, Part VI, Section C, Line 19

“Upon request, governing documents, conflict of interest policy, and financial documents are available for review at company office located in moorhead, mn.”

Filing and Contact Details

Filer

Filer Name
Downtown Moorhead Inc
EIN
81-3097290
Phone
2184431361
Address
200 5TH STREET S STE 203, MOORHEAD, MN 56560

Signing Officer

Name
Derrick Lapoint
Title
President
Phone
2184431361
Signed
2023-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derrick Lapoint
Formed
2019
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
0

Preparer

Firm
Brady Martz & Associates Pc
Address
2537 S UNIVERSITY DRIVE, FARGO, ND 58103
Preparer
Sara Lynch CPA
Phone
7012802100
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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/ActivityOrMissionDesc0DOWNTOWN MOORHEAD INCORPORATED IS A PRIVATE, NON-PROFIT ORGANIZATION DEDICATED TO THE BENEFICIAL ECONOMIC GROWTH AND BUSINESS DEVELOPMENT OF DOWNTOWN MOORHEAD. WE ACCOMPLISH THIS THROUGH POLICY DEVELOPMENT, ADVOCACY, AND PROGRAM MANAGEMENT FUNCTIONS CONDUCTED ON BEHALF OF DOWNTOWN STAKEHOLDERS/INVESTORS, AND IN COOPERATION WITH PUBLIC AND OTHER PRIVATE-SECTOR PARTNERS.
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IRS990/Desc0PLANS EMERGE AND INTEREST SWIRLS FOR DOWNTOWN MOORHEAD AS THE URBAN LANDSCAPE IS READY FOR CHANGE. MOORHEAD CONTINUES TO GROW AND SAW COMPREHENSIVE PROGRESS OVER THE PAST YEAR:-THE 2022 ONWARD MOORHEAD! COMPREHENSIVE PLAN, WHICH WILL HELP GUIDE DEVELOPMENT IN YEARS TO COME, WAS APPROVED BY CITY COUNCIL.-DOWNTOWN MOORHEAD REDEVELOPMENT PLANS WERE UNVEILED.-WWW.MORETOMOORHEAD.COM-A NEW COMMUNITY CENTER AND PUBLIC LIBRARY WILL BE FUNDED BY A 0.5% LOCAL OPTION SALES TAX THAT WAS APPROVED BY VOTERS.-WWW.YES56560.COM-PLACEMAKING CAN TRANSFORM DOWNTOWN LOCATIONS INTO FUN AND INVITING COMMUNITY GATHERINGPLACES AND EXPERIENCES. CURRENT COMMUNITY EVENTS INCLUDE GREATER MOORHEAD DAYS, FROSTIVAL, RIVER ARTS, AND FARMERS MARKET, TO NAME A FEW.-IN 2022, A CALL OF ACTIVATION WAS ISSUED TO COMMUNITY MEMBERS TO SUBMIT THEIR IDEAS TO CREATE A MORE INVITING DOWNTOWN OR GENERATE RIVERFRONT ACTIVITY.LOOK FOR THESE FUN EXPERIENCES IN 2023:-MARY'S LIGHT TUNNEL, FOREST FRIENDS, MUSIC AT THE MARKET, ROURKE'S SCULPTURE WALK, DOWNTOWN MURAL, WELCOME TO MOORHEAD SELFIE STATION, MONSTER MURAL, BLUE BUILDING BLOCKS, RIVERKEEPERS STORM DRAIN ART, AND UTILITY/TRAFFIC BOX WRAPSTHINGS TO LOOK FORWARD TO IN 2023!-COMMUNITY CENTER AND REGIONAL LIBRARY DESIGN-DOWNTOWN REDEVELOPMENT OPPORTUNITIES-PHASE I COMPASS APARTMENTS 600 30 AVE S-ADAPTIVE RE-USE OF HISTORIC FAIRMONT-CREAMERY BUILDING 801 2 AVE N-NATURAL PLAYGROUND RIVERFRONT PARK
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IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DERRICK LAPOINT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0162654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE DMI EXECUTIVE TEAM REVIEW THE RESPONSES PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DMI HAS A CONFLICT OF INTEREST POLICY THAT EACH BOARD MEMBER SIGNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS ARE AVAILABLE FOR REVIEW AT COMPANY OFFICE LOCATED IN MOORHEAD, MN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalContributionsAmt098500
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0195869
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09602
IRS990/TotalLiabilitiesEOYAmt011142
IRS990/TotalLiabilitiesGrp/BOYAmt09602
IRS990/TotalLiabilitiesGrp/EOYAmt011142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129109
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0161740
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IRS990/TotalReportableCompFromOrgAmt0154000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0130000
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0172882
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02704
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IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056560
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IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.DTMOORHEAD.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DERRICK LAPOINT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02184431361
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-27
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ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0813097290
ReturnHeader/Filer/PhoneNum02184431361
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 5TH STREET S STE 203
ReturnHeader/Filer/USAddress/CityNm0MOORHEAD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450310328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY MARTZ & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02537 S UNIVERSITY DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd058103
ReturnHeader/PreparerPersonGrp/PhoneNum07012802100
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARA LYNCH CPA
ReturnHeader/ReturnTs02023-05-09T07:37:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DERRICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAPOINT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$172,882
Liabilities
$11,142
Net assets
$161,740
Revenue
$228,500
Expenses
$195,869
Net income
$32,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$2.73$2.14$0.59
2024Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$2.20$2.10$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$2.27$1.88$0.39
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.11$1.62$2.29$1.96$0.33
2021Detailed filing. Detailed filing data is available for this year.$1.39$0.10$1.29$2.03$1.97$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.28$0.05$1.23$1.83$2.00$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.44$0.03$1.41$2.26$1.64$0.62
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.04$0.79$0.47$0.46$0.00