Civic Intelligence

Downtown Austin Parks LLC

990 • Fiscal year 2023 • EIN 81-3205548

May 01, 2022 to Apr 30, 2023 • Filed on Mar 15, 2024

515 Congress Avenue Suite 2150Austin, TX 78701

(512) 469-1766

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.14x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.07x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

75th percentile

23%

Faster asset growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

109%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$222,484

Up $40,920 (+23%) from 2022

Net Assets

Up

$190,978

Up $84,991 (+80%) from 2022

Liabilities

Down

$31,506

Down $44,071 (-58%) from 2022

Revenue

Up

$432,246

Up $225,770 (+109%) from 2022

Expenses

Up

$347,255

Up $229,915 (+196%) from 2022

Net Income

Down

$84,991

Down $4,145 (-4.7%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2018: $196,149Liabilities 2018: $69,538Net Assets 2018: $126,6112018Assets 2019: $87,279Liabilities 2019: $47,341Net Assets 2019: $39,9382019Assets 2020: $72,370Liabilities 2020: $65,579Net Assets 2020: $6,7912020Assets 2021: $60,253Liabilities 2021: $43,402Net Assets 2021: $16,8512021Assets 2022: $181,564Liabilities 2022: $75,577Net Assets 2022: $105,9872022Assets 2023: $222,484Liabilities 2023: $31,506Net Assets 2023: $190,9782023Assets 2024: $326,550Liabilities 2024: $16,514Net Assets 2024: $310,0362024Assets 2025: $343,120Liabilities 2025: $52,706Net Assets 2025: $290,4142025

Highlighted filing

2023

Assets$222,484
Liabilities$31,506
Net Assets$190,978

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $258,652Expenses 2018: $132,041Net Income 2018: $126,6112018Revenue 2019: $232,877Expenses 2019: $319,550Net Income 2019: -$86,6732019Revenue 2020: $245,409Expenses 2020: $284,804Net Income 2020: -$39,3952020Revenue 2021: $331,453Expenses 2021: $321,393Net Income 2021: $10,0602021Revenue 2022: $206,476Expenses 2022: $117,340Net Income 2022: $89,1362022Revenue 2023: $432,246Expenses 2023: $347,255Net Income 2023: $84,9912023Revenue 2024: $336,417Expenses 2024: $217,359Net Income 2024: $119,0582024Revenue 2025: $172,322Expenses 2025: $191,944Net Income 2025: -$19,6222025

Highlighted filing

2023

Revenue$432,246
Expenses$347,255
Net Income$84,991
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Mar 15, 2024
Return Version
2022v5.0
Gross Receipts
$432,246
Mission and Program Overview

Mission

The Downtown Austin Parks' mission is to create a vibrant, historic, and active spaces at the hear of Austin, Texas community through quality management of public space and creative programing that is based on historic relevance of Republic Square. Downtown Ausin Parks LLC also recognizes the imprtance of not over-programing the parks; leave plenty of time for people to simply enjoy the space as a piece of respite where they can relax, enjoy the outdoor, meet friends and family, and socialize.

Downtown Austin Parks LLC mission is to create a vibriant, historic, and active urban space at the heart of Austin, Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$125,000▲ $125,000
Cash and Non-Interest-Bearing Accounts$144,675$83,279▼ $61,396
Accounts Receivable$25,344$0▼ $25,344
Prepaid Expenses and Deferred Charges$11,545$13,905▲ $2,360
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$181,564$222,484▲ $40,920
Other Assets Total$0$300▲ $300
Liabilities
Accounts Payable and Accrued Expenses$75,577$21,506▼ $54,071
Deferred Revenue$0$10,000▲ $10,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$75,577$31,506▼ $44,071
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$105,987$190,978▲ $84,991
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$105,987$190,978▲ $84,991
Total Liabilities and Net Assets / Fund Balance$181,564$222,484▲ $40,920
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nick MoulinetChair
Jenny WiebrandVice Chair
Kevin BrownDirector
SaulPaulDirector
Xavier PenaDirector
Molly AlexanderExecutive Director
Andy AustinDirctor
Dewitt PeartSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Clean Scapeslandscaping and irrigation repairP O Box 203070, Austin, TX 78720$194,517
Revenue and Support

Revenue Composition

Contributions and Grants
$365,050
Program Service Revenue
$67,196
Investment Income
$0
Other Revenue
$0
All Other Contributions
$281,050
Change in Net Assets
$84,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$347,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$293,605$0$0$293,605
Insurance$0$26,195$0$26,195
Information Technology$4,275$0$0$4,275
Other Expenses$351$7$0$358
Total Functional Expenses$321,053$26,202$0$347,255
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Downtown Austin Development Corp is the sole member of the organization.

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

The secretary review and sign the Form 990, and a signed copy is available to others upon request.

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

Each officer and didrector annually signs a statement that affirms has received a copy of the conflict of interest policy and has read and understands the policy and agree to comply with the policy.

Form 990, Part VI, Section B, Line 15

The organization currently has no employees, but will use a compensation committee, comparability data to make recommendation to the board for all executives, officers, and key employees it may engage in future.

Form 990, Part VI, Section C, Line 19

Downtown Development Corporation is the sole member of the organization.

Filing and Contact Details

Filer

Filer Name
Downtown Austin Parks LLC
EIN
81-3205548
Phone
5124691766
Address
515 Congress Avenue Suite 2150, Austin, TX 78701

Signing Officer

Name
Dewitt Peart
Title
Secretary
Phone
7372223647
Signed
2024-03-15

Organization Details

Principal Officer
Dewitt Pear
Formed
2016
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
20
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Clean Scapes - landscape and irrigation repair contract $194,517, Rick's Brick's Masonry and Stone Inc - masonory repair contract $43,800 and other contract $55,288.

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IRS990/Desc0Republic Square has been downtown's central gathering place since Austin's founding. The park provide a shared backyard for those who live and work in the area. Parks and greenspaces are a critical component of the downtown economy. The mental and physical health benefits of the natual world are vital to our humanity. We did coninue hosting the Sustainable Food Center's Downtown Farmers' Market each weekend, which supported local farmers and provided the community with a safe, healthy alternative to grocery stores. Elevate inclusive and engaging programs and experiences in downtown parks and public spaces. Substantially expand and coordinate programming in downtown parks and trails. Regularly sponsor and produce arts, cultural and music events and programs in the public space. Use activation metrics to monitor and improve results.
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IRS990/MissionDesc0The Downtown Austin Parks' mission is to create a vibrant, historic, and active spaces at the hear of Austin, Texas community through quality management of public space and creative programing that is based on historic relevance of Republic Square. Downtown Ausin Parks LLC also recognizes the imprtance of not over-programing the parks; leave plenty of time for people to simply enjoy the space as a piece of respite where they can relax, enjoy the outdoor, meet friends and family, and socialize.
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt059451
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0117340
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0147025
IRS990/PYRevenuesLessExpensesAmt089136
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0117340
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0206476
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt084991
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt070000
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0365050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt059451
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0319900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0173711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0135452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01053564
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0698186
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0338910
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0234983
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0319938
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0204344
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt01796361
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt02849925
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01063236
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0398361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0554883
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0493649
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0339796
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02849925
IRS990ScheduleA/TotalSupportAmt02849925
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Downtown Austin Development Corp is the sole member of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The secretary review and sign the Form 990, and a signed copy is available to others upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each officer and didrector annually signs a statement that affirms has received a copy of the conflict of interest policy and has read and understands the policy and agree to comply with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization currently has no employees, but will use a compensation committee, comparability data to make recommendation to the board for all executives, officers, and key employees it may engage in future.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Downtown Development Corporation is the sole member of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Clean Scapes - landscape and irrigation repair contract $194,517, Rick's Brick's Masonry and Stone Inc - masonory repair contract $43,800 and other contract $55,288.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Austin DMO Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Downtown Development Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0Downown Austin Alliance
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1Downtown Austin Alliance Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0742640134
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1742862219
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Downtow Austin PID Management
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Enhance downtown AustinTexas
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0515 Congress Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1515 Congress Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0Sujite 2150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt1Suite 2150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Austin
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Austin
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TX

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