Civic Intelligence

Downtown Reno Business Improvement District

EIN 82-3537077 • 501(c)6 • Reno, NV

Profile

To improve and promote the economic well - being of downtown reno by managing and implementing programs, activities and contracts.

40 E 4th Street Pavilion AReno, NV 89501

downtownreno.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.24x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.09x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

64th percentile

9.0%

Higher net margin than 64% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$201,646

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

88th percentile

28%

Faster asset growth than 88% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,374,059

Up $303,413 (+28%) from 2023

Liabilities

Down

$323,239

Down $37,721 (-10%) from 2023

Net Assets

Up

$1,050,820

Up $341,134 (+48%) from 2023

Revenue

Up

$3,793,458

Up $531,745 (+16%) from 2023

Expenses

Up

$3,452,323

Up $229,329 (+7.1%) from 2023

Net Income

Up

$341,135

Up $302,416 (+781%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2018: $105,022Liabilities 2018: $60,344Net Assets 2018: $44,6782018Assets 2019: $528,537Liabilities 2019: $145,778Net Assets 2019: $382,7592019Assets 2020: $782,783Liabilities 2020: $298,496Net Assets 2020: $484,2872020Assets 2021: $1,140,237Liabilities 2021: $298,767Net Assets 2021: $841,4702021Assets 2022: $993,640Liabilities 2022: $322,673Net Assets 2022: $670,9672022Assets 2023: $1,070,646Liabilities 2023: $360,960Net Assets 2023: $709,6862023Assets 2024: $1,374,059Liabilities 2024: $323,239Net Assets 2024: $1,050,8202024

Highlighted filing

2024

Assets$1,374,059
Liabilities$323,239
Net Assets$1,050,820

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $130,000Expenses 2018: $85,322Net Income 2018: $44,6782018Revenue 2019: $2,526,676Expenses 2019: $2,188,595Net Income 2019: $338,0812019Revenue 2020: $2,863,831Expenses 2020: $2,762,303Net Income 2020: $101,5282020Revenue 2021: $3,419,129Expenses 2021: $3,061,946Net Income 2021: $357,1832021Revenue 2022: $2,994,626Expenses 2022: $3,165,129Net Income 2022: -$170,5032022Revenue 2023: $3,261,713Expenses 2023: $3,222,994Net Income 2023: $38,7192023Revenue 2024: $3,793,458Expenses 2024: $3,452,323Net Income 2024: $341,1352024

Highlighted filing

2024

Revenue$3,793,458
Expenses$3,452,323
Net Income$341,135

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,793,458
Mission and Program Overview

Mission

To improve and promote the economic well-being of downtown reno by managing and implementing programs, activities and contracts.

To improve and promote the economic well - being of downtown reno by managing and implementing programs, activities and contracts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$254,805$801,708▲ $546,903
Savings and Temporary Cash Investments$461,622$405,718▼ $55,904
Land, Buildings, and Equipment, Net$136,696$117,355▼ $19,341
Prepaid Expenses and Deferred Charges$18,462$23,904▲ $5,442
Accounts Receivable$154,000$2,500▼ $151,500
Total Assets$1,070,646$1,374,059▲ $303,413
Other Assets Total$45,061$22,874▼ $22,187
Liabilities
Other Liabilities$203,857$177,744▼ $26,113
Accounts Payable and Accrued Expenses$157,104$142,995▼ $14,109
Deferred Revenue-$2,500-
Total Liabilities$360,961$323,239▼ $37,722
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$699,685$1,040,820▲ $341,135
Net Assets With Donor Restrictions$10,000$10,000→ $0
Total Net Assets Fund Balance$709,685$1,050,820▲ $341,135
Total Liabilities and Net Assets / Fund Balance$1,070,646$1,374,059▲ $303,413

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,241$2,620-
Equipment$70,150$125,851-
Leasehold Improvements$41,964$34,880-
Other Assets Org$22,874--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Neoma JardonExecutive DirectorFT$179,846$21,800$201,646

Board Members and Trustees

NameTitle
Tony MariniChair
Jonathan BoulwareVice Chair
Chris ShanksDirector
Courtney MeredithDirector
Eaton DunklebergerDirector
Eric EdelsteinDirector
Eric LerudeDirector
Jeff SiriDirector
Kathleen TaylorDirector
Kaya StanleyDirector
Mariluz GarciaDirector
Mark ReeceDirector
Paul IrvingDirector
Steve PolikalasDirector
Troy MillerDirector
Par TollesSecretary
Mike RossmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Streetplus Company LLCAmbassador Service354 36TH ST SUITE C312, Brooklyn, NY 11232$1,357,913
Revenue and Support

Revenue Composition

Contributions and Grants
$100,075
Program Service Revenue
$3,684,167
Investment Income
$9,216
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$341,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,793,458
Total Revenue per Audited Statements
$3,793,458
Total Revenue per Form 990
$3,793,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,019,102
Salaries, Compensation, and Employee Benefits$433,221
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$104,593$104,593-$209,186
Other Salaries and Wages$79,400$77,200-$156,600
Advertising$50,631--$50,631
Other Employee Benefits$21,898$12,880-$34,778
Depreciation Depletion$25,006$8,335-$33,341
Payroll Taxes$20,563$12,094-$32,657
Occupancy$15,506$15,507-$31,013
Fees for Services Accounting-$24,000-$24,000
Conferences and Meetings-$21,291-$21,291
Office Expenses-$14,664-$14,664
Other Expenses$2,744,278$13,288-$13,288
Fees for Services Legal-$12,369-$12,369
Fees for Services Other-$11,824-$11,824
Information Technology-$7,135-$7,135
Insurance-$6,188-$6,188
Interest$4,136--$4,136
Total Functional Expenses$3,093,955$358,368$0$3,452,323

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,452,324
Total Expenses per Audited Statements$3,452,324
Total Expenses per Form 990$3,452,324
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
Eidl Loan$154,501
Oerating Lease Rou$23,243
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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

Member election for additional members Part VI line 7A

Directors shall be elected or appointed by the board from a slate nominated by the executive committee, and the board may provide the executive committee with any guidance it may have to facilitate the consideration of potential new directors.

Form 990 governing body review Part VI line 11

Section b, line 11b:management and select members of the board review form 990 prior to filing. The completed 990 will be provided to all members of the board post filing.

Other officer or key employee compensation Part VI line 15B

Section b, line 15:the personnel committee reviews the executive director annually and determines salary raises and bonuses, which are defined in a contract.

Governing documents etc available to public Part VI line 19

Section c, line 19:no documents available to the public.

Filing and Contact Details

Filer

Filer Name
Downtown Reno Business Improvement District
EIN
82-3537077
Address
40 E 4TH STREET PAVILION A, RENO, NV 89501
Doing Business As
Downtown Reno Partnership

Signing Officer

Name
Eric Edelstein
Title
Treasurer
Phone
7754320772
Signed
2025-05-15
Discuss with paid preparer
No

Organization Details

Formed
2017
Legal Domicile
Nv
Voting Board Members
13
Independent Board Members
13
Employees
3

Preparer

Firm
Tax Plus Inc
Address
979 PYRAMID WAY, Sparks, NV 89431
Preparer
Jennifer Campbell EA
Phone
7758532356
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

Part xii, line 2cthe board of directors is responsible for the oversight of the audit.

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