Civic Intelligence

Idaho Falls Downtown Development

990 • Fiscal year 2016 • EIN 82-0467139

Oct 01, 2015 to Sep 30, 2016 • Filed on Nov 08, 2016

425 Memorial DriveIdaho Falls, ID 83402

(208) 535-0399

Siviq Scores

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

Liabilities / Assets

67th percentile

0.05x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.06x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

23rd percentile

-8.9%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

29th percentile

-8.2%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

63rd percentile

6.8%

Faster revenue growth than 63% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$139,842

Down $12,548 (-8.2%) from 2015

Net Assets

Down

$132,594

Down $9,937 (-7.0%) from 2015

Liabilities

Down

$7,248

Down $2,611 (-26%) from 2015

Revenue

Up

$112,077

Up $7,147 (+6.8%) from 2015

Expenses

Down

$122,014

Down $1,299 (-1.1%) from 2015

Net Income

Up

-$9,937

Up $8,446 (+46%) from 2015

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $116,375Liabilities 2011: $3,559Net Assets 2011: $112,8162011Assets 2012: $133,253Liabilities 2012: $2,901Net Assets 2012: $130,3522012Assets 2013: $150,265Liabilities 2013: $3,820Net Assets 2013: $146,4452013Assets 2014: $166,211Liabilities 2014: $5,297Net Assets 2014: $160,9142014Assets 2015: $152,390Liabilities 2015: $9,859Net Assets 2015: $142,5312015Assets 2016: $139,842Liabilities 2016: $7,248Net Assets 2016: $132,5942016Assets 2017: $150,176Liabilities 2017: $6,873Net Assets 2017: $143,3032017Assets 2018: $132,480Liabilities 2018: $30,128Net Assets 2018: $102,3522018Assets 2019: $78,449Liabilities 2019: $21,781Net Assets 2019: $56,6682019Assets 2020: $95,217Liabilities 2020: $29,178Net Assets 2020: $66,0392020Assets 2021: $119,297Liabilities 2021: $5,785Net Assets 2021: $113,5122021Assets 2022: $57,417Liabilities 2022: $7,646Net Assets 2022: $49,7712022Assets 2023: $64,999Liabilities 2023: $8,894Net Assets 2023: $56,1052023Assets 2024: $104,904Liabilities 2024: $10,443Net Assets 2024: $94,4612024Assets 2025: $140,990Liabilities 2025: $12,232Net Assets 2025: $128,7582025

Highlighted filing

2016

Assets$139,842
Liabilities$7,248
Net Assets$132,594

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $95,6472011Expenses 2012: $93,4022012Expenses 2013: $101,3962013Revenue 2014: $111,395Expenses 2014: $96,926Net Income 2014: $14,4692014Revenue 2015: $104,930Expenses 2015: $123,313Net Income 2015: -$18,3832015Revenue 2016: $112,077Expenses 2016: $122,014Net Income 2016: -$9,9372016Revenue 2017: $136,146Expenses 2017: $125,437Net Income 2017: $10,7092017Revenue 2018: $154,220Expenses 2018: $195,171Net Income 2018: -$40,9512018Revenue 2019: $205,167Expenses 2019: $250,851Net Income 2019: -$45,6842019Revenue 2020: $338,324Expenses 2020: $328,953Net Income 2020: $9,3712020Revenue 2021: $420,283Expenses 2021: $372,810Net Income 2021: $47,4732021Revenue 2022: $396,776Expenses 2022: $460,517Net Income 2022: -$63,7412022Revenue 2023: $570,048Expenses 2023: $563,714Net Income 2023: $6,3342023Revenue 2024: $467,146Expenses 2024: $428,790Net Income 2024: $38,3562024Revenue 2025: $439,737Expenses 2025: $405,440Net Income 2025: $34,2972025

Highlighted filing

2016

Revenue$112,077
Expenses$122,014
Net Income-$9,937
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.0
Gross Receipts
$169,086
Mission and Program Overview

Mission

The purpose of the idaho falls downtown development corporation is to promote business, improve and maintain public areas, and to fulfill all purposes for which a business improvement district may be formed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$135,899$135,834▼ $65
Rtn Earn Endowment Incm Other Fnds$142,531$132,594▼ $9,937
Cash and Non-Interest-Bearing Accounts$16,297$3,892▼ $12,405
Land, Buildings, and Equipment, Net$194$116▼ $78
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$152,390$139,842▼ $12,548
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$9,859$7,248▼ $2,611
Total Liabilities$9,859$7,248▼ $2,611
Net Assets / Fund Balance
Total Net Assets Fund Balance$142,531$132,594▼ $9,937
Total Liabilities and Net Assets / Fund Balance$152,390$139,842▼ $12,548

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$116$8,022$8,138
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gregg CrockettPresident
Rachel ZaldanisVice President
Antonio MezaDirector
Bill CoaleDirector
Brandi NewtonDirector
Derek ChristiansenDirector
Jill HansenDirector
Kevin CutlerDirector
Monica BitrickDirector
Scott DuffDirector
Steve FischbachDirector
Brad CramerEx-officio
Dana BriggsEx-officio
Lisa FarrisEx-officio
Michelle HoltEx-officio
Rebecca CasperEx-officio
Steve CarrEx-officio
Kevin JosephsonSecretary
Shanon TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$53,247
Program Service Revenue
$63,732
Investment Income
$1,758
Other Revenue
$-6,660
All Other Contributions
$3,247
Change in Net Assets
$-9,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$87,494
Other Expenses$34,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,738--$80,738
Occupancy$9,661--$9,661
Payroll Taxes$6,756--$6,756
Advertising$6,296--$6,296
All Other Expenses$3,047--$3,047
Insurance$2,397--$2,397
Office Expenses$1,877--$1,877
Other Expenses$1,726--$1,726
Fees for Services Accounting$850--$850
Depreciation Depletion$78--$78
Total Functional Expenses$122,014$0$0$122,014
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$57,009
Fundraising Gross Income$50,572
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rock City Concert$13,451$13,451$21,467$-8,016
Spring Brew$11,567$11,567$11,582$-15
Total Events$48,442$48,442$53,814$-5,372
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the executive director and the board prior to filing the return.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

All compensation is subject to approval by the board prior to being offered or modified.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents are available upon request at the organization's office located at 420 memorial drive, idaho falls, idaho.

Filing and Contact Details

Filer

Filer Name
Idaho Falls Downtown Development
EIN
82-0467139
Phone
2085350399
Address
425 MEMORIAL DRIVE, IDAHO FALLS, ID 83402

Signing Officer

Name
Shanon Taylor
Title
Treasurer
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Id
Voting Board Members
13
Independent Board Members
13
Employees
4

Preparer

Firm
Obrien Tomchak & Co Chtd
Address
PO BOX 50858, IDAHO FALLS, ID 83405-0858
Preparer
Charles P Marsh CPA
Phone
2085244200
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IRS990/Form990PartVIISectionAGrp/TitleTxt3President
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt14EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt15EX-OFFICIO
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IRS990/MissionDesc0THE PURPOSE OF THE IDAHO FALLS DOWNTOWN DEVELOPMENT CORPORATION IS TO PROMOTE BUSINESS, IMPROVE AND MAINTAIN PUBLIC AREAS, AND TO FULFILL ALL PURPOSES FOR WHICH A BUSINESS IMPROVEMENT DISTRICT MAY BE FORMED.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt01877
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IRS990/OtherExpensesGrp/TotalAmt21873
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IRS990/PYProgramServiceRevenueAmt061921
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IRS990/PYTotalRevenueAmt0104930
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0116
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08022
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08138

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.12$1.29$4.40$4.05$0.34
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.10$0.94$4.67$4.29$0.38
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.09$0.56$5.70$5.64$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.08$0.50$3.97$4.61$0.64
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.06$1.14$4.20$3.73$0.47
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.29$0.66$3.38$3.29$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.22$0.57$2.05$2.51$0.46
2018Detailed filing. Detailed filing data is available for this year.$1.32$0.30$1.02$1.54$1.95$0.41
2017Detailed filing. Detailed filing data is available for this year.$1.50$0.07$1.43$1.36$1.25$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.40$0.07$1.33$1.12$1.22$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.10$1.43$1.05$1.23$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.66$0.05$1.61$1.11$0.97$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.04$1.46$1.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.03$1.30$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.04$1.13$0.96