Civic Intelligence

Downtown Action Team Inc

990 • Fiscal year 2015 • EIN 85-0393963

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 21, 2017

Refreshing map…

100 Gold SWAlbuquerque, NM 87102

(505) 243-2230

Siviq Scores

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

Liabilities / Assets

71st percentile

0.08x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

0.33x

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-2071%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

71st percentile

$6,600

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 41.1% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

2nd percentile

-85%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$67,776

Down $371,033 (-85%) from 2014

Net Assets

Down

$62,505

Down $332,717 (-84%) from 2014

Liabilities

Down

$5,271

Down $38,316 (-88%) from 2014

Revenue

Down

$16,063

Down $745,322 (-98%) from 2014

Expenses

Down

$348,780

Down $261,768 (-43%) from 2014

Net Income

Down

-$332,717

Down $483,554 (-321%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $762,160Liabilities 2011: $724,114Net Assets 2011: $38,0462011Assets 2012: $923,350Liabilities 2012: $802,893Net Assets 2012: $120,4572012Assets 2013: $949,769Liabilities 2013: $705,384Net Assets 2013: $244,3852013Assets 2014: $438,809Liabilities 2014: $43,587Net Assets 2014: $395,2222014Assets 2015: $67,776Liabilities 2015: $5,271Net Assets 2015: $62,5052015Assets 2016: $64,120Liabilities 2016: $5,128Net Assets 2016: $58,9922016Assets 2017: $63,266Liabilities 2017: $5,1282017

Highlighted filing

2015

Assets$67,776
Liabilities$5,271
Net Assets$62,505

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $939,5602011Expenses 2012: $698,8382012Revenue 2013: $835,917Expenses 2013: $711,987Net Income 2013: $123,9302013Revenue 2014: $761,385Expenses 2014: $610,548Net Income 2014: $150,8372014Revenue 2015: $16,063Expenses 2015: $348,780Net Income 2015: -$332,7172015Revenue 2016: $2,501Expenses 2016: $2,050Net Income 2016: $4512016Revenue 2017: $13Expenses 2017: $867Net Income 2017: -$8542017

Highlighted filing

2015

Revenue$16,063
Expenses$348,780
Net Income-$332,717
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 21, 2017
Return Version
2015v3.0
Gross Receipts
$16,063
Mission and Program Overview

Mission

Downtown action team, inc. Is a private, not-for-profit membership organization formed to creatively plan, manage and develop downtown albuquerque to become the best mid-sized downtown in the usa and the region's most irresistible positive urban experience.

To creatively plan, manage and develop downtown albuquerque to become the best mid-sized downtown in the usa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$175,960$0▼ $175,960
Savings and Temporary Cash Investments$207,703$59,188▼ $148,515
Land, Buildings, and Equipment, Net$6,457$6,545▲ $88
Cash and Non-Interest-Bearing Accounts$42,287$1,057▼ $41,230
Prepaid Expenses and Deferred Charges$6,401$986▼ $5,415
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-
Total Assets$438,809$67,776▼ $371,033
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$33,477$5,271▼ $28,206
Other Liabilities$4,262--
Deferred Revenue$2,990--
Grants Payable$2,858--
Total Liabilities$43,587$5,271▼ $38,316
Net Assets / Fund Balance
Temporarily Rstr Net Assets$38,640$38,640→ $0
Unrestricted Net Assets$356,582$23,865▼ $332,717
Total Net Assets Fund Balance$395,222$62,505▼ $332,717
Total Liabilities and Net Assets / Fund Balance$438,809$67,776▼ $371,033

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,882$45,821$51,703
Other Land Buildings$663$44,245$44,908
Leasehold Improvements-$30,488$30,488
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lola BirdExecutive DirecFT$6,600$6,600

Board Members and Trustees

NameTitle
Bruce MalottChair of Financ
Pat SanchezChair of Financ
Joe FarrChairman
Rick RenniePrevious Chair
Todd D ClarkePrevious Chair
Pat BryanEx- Oficio
Dewey CaveEx-oficio
David KeleherMember
David SilvermanMember
Don LeonardMember
Joe JohnsonMember
John MenicucciMember
Mark SmithMember
Patrick SullivanMember
Ryan GarciaMember
Tony SylvesterMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,618
Investment Income
$16
Other Revenue
$8,429
Change in Net Assets
$-332,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$303,529
Salaries, Compensation, and Employee Benefits$45,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$33,285
Occupancy---$10,810
Insurance---$6,759
Current Officers, Directors, Trustees, and Key Employees---$6,600
Advertising---$5,499
Payroll Taxes---$5,366
Depreciation Depletion---$3,616
Information Technology---$2,417
Fees for Services Accounting---$2,280
Fees for Services Legal---$2,193
Fees for Services Other---$974
Travel---$518
Office Expenses---$456
Other Expenses---$143
All Other Expenses---$54
Total Functional Expenses$0$0$0$348,780
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
In-house lobbying only
No
Subject to proxy tax
Yes
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
Yes
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
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, Line 6: Explanation of Classes of Members or Shareholder

Classes of members or stockholders the organization offers memberships to the public. Memberships are provided for a fee. Members of downtown action team receive access to and exposure in certain downtown publications and materials,marketing tools provided by downtown action team, invitation and discounted prices to downtown action team fuctions, activities and networking events, referrals,leads, services and advocacy provided by downtown action team.

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

Organization's process to review form 990 the form 990 is reviewed by the executive director,treasurer of the board of directors and accountant.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Enforcement of conflicts policy:the conflict of interest policy is given to all employees and board of directors of downtown action team and the policy is enforced by the executive director and the board of directors.

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

Compensation process for top official:the compensation of the executive director is determined by the organization's board of directors and the employment contract.the international downtown association survey of compensation is available to the board.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation process for top official:the compensation of the executive director is determined by the organization's board of directors and the employment contract.the international downtown association survey of compensation is available to the board.

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

Governing documents disclosure explanation:governing documents and organizational policies are all made available to the public upon request.

Form 990, Part VIII, Line 2G

Organization was provided a tax assessment for every property within the Business Improvement District. There was a lawsuit between the City and a third party tax payer within the District in which the City settled and agreed to shut down the Business Improvement District which included the tax assessments that this organization was created to administer.

Filing and Contact Details

Filer

Filer Name
Downtown Action Team Inc
EIN
85-0393963
Phone
5052432230
Address
100 GOLD SW, ALBUQUERQUE, NM 87102

Signing Officer

Name
Joe Farr
Title
Chairman
Signed
2017-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Farr
Formed
1991
Legal Domicile
Nm
Voting Board Members
13
Independent Board Members
13
Employees
4

Preparer

Firm
Patel & Associates LLP
Address
266 17th Street Suite 200, Oakland, CA 94612-4124
Preparer
Sanwar Harshwal CPA
Phone
5104525051
Supplemental Narrative

Additional Explanations

Form 990

During 2015, the organization began the process of dissolution by terminating and/or transferring contracts to other entities with similar missions (such as the Downtown Main Street Organization), shutting down the physical office; organization and storage of records, disposition of assets and termination of employees.

Financial Statement Notes

Part X : FIN48 Footnote

Dat is a nonprofit organization that is exempt from income taxes under section 501(c)(6) of the internal revenue code. Dats income tax filings are subject to audit by various taxing authorities. Dats open audit periods are 2011 to 2014. Dat believes it has appropriate support for any tax position taken and as such, dat has not recognized any changes to the financial statements for uncertain tax positions.

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IRS990/GrantsPayableGrp/BOYAmt02858
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt016063
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02417
IRS990/InsuranceGrp/TotalAmt06759
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt016
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0120554
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06457
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06545
IRS990/LandBldgEquipCostOrOtherBssAmt0127099
IRS990/LegalDomicileStateCd0NM
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0DOWNTOWN ACTION TEAM, INC. IS A PRIVATE, NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION FORMED TO CREATIVELY PLAN, MANAGE AND DEVELOP DOWNTOWN ALBUQUERQUE TO BECOME THE BEST MID-SIZED DOWNTOWN IN THE USA AND THE REGION'S MOST IRRESISTIBLE POSITIVE URBAN EXPERIENCE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0395222
IRS990/NetAssetsOrFundBalancesEOYAmt062505
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt010810
IRS990/OfficeExpensesGrp/TotalAmt0456
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Bad Debts Expense
IRS990/OtherExpensesGrp/Desc1Contract Sercive
IRS990/OtherExpensesGrp/Desc2Meals, Dues and Fees
IRS990/OtherExpensesGrp/Desc3Property Taxes
IRS990/OtherExpensesGrp/TotalAmt0184323
IRS990/OtherExpensesGrp/TotalAmt182812
IRS990/OtherExpensesGrp/TotalAmt2675
IRS990/OtherExpensesGrp/TotalAmt3143
IRS990/OtherLiabilitiesGrp/BOYAmt04262
IRS990/OtherRevenueMiscGrp/Desc0FRAUD RESITITUTION REIMBU
IRS990/OtherRevenueMiscGrp/Desc1GAIN ON DISPOSAL OF ASSET
IRS990/OtherRevenueMiscGrp/Desc2MOVIE DONATION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01800
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15429
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15429
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21200
IRS990/OtherRevenueTotalAmt08429
IRS990/OtherSalariesAndWagesGrp/TotalAmt033285
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt05366
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06401
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0986
IRS990/PrincipalOfficerNm0JOE FARR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561700
IRS990/ProgramServiceRevenueGrp/BusinessCd1812900
IRS990/ProgramServiceRevenueGrp/Desc0BID ASSESSMENT
IRS990/ProgramServiceRevenueGrp/Desc1BID ASSESSMENT INT/PEN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0307
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0307
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17311
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE DOWNTOWN AMBASSADORS TO CLEAN AND MAINTAIN THE IMAGE OF THE DOWNTOWN AREA.
IRS990/ProgSrvcAccomActy3Grp/Desc0IMAGE ENHANCEMENT AND ECONOMIC DEVELOPMENT TO MARKET AND PROMOTE THE DOWNTOWN AREA AND ALSO SPONSOR SPECIAL EVENTS TO IMPROVE THE BUSINESS CLIMATE IN THE DOWNTOWN AREA. DOWNTOWN ACTION TEAM NOW SERVES 275 PROPERTIES OWNED BY 185 DIFFERENT OWNERSHIP GROUPS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05807
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt040
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0425088
IRS990/PYOtherRevenueAmt09325
IRS990/PYProgramServiceRevenueAmt0746213
IRS990/PYRevenuesLessExpensesAmt0150837
IRS990/PYSalariesCompEmpBnftPaidAmt0185460
IRS990/PYTotalExpensesAmt0610548
IRS990/PYTotalRevenueAmt0761385
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-332717
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0207703
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059188
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05882
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045821
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051703
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030488
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt030488
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0663
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044245
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt044908
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DAT IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. DATS INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. DATS OPEN AUDIT PERIODS ARE 2011 TO 2014. DAT BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND AS SUCH, DAT HAS NOT RECOGNIZED ANY CHANGES TO THE FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06545
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLASSES OF MEMBERS OR STOCKHOLDERS THE ORGANIZATION OFFERS MEMBERSHIPS TO THE PUBLIC. MEMBERSHIPS ARE PROVIDED FOR A FEE. MEMBERS OF DOWNTOWN ACTION TEAM RECEIVE ACCESS TO AND EXPOSURE IN CERTAIN DOWNTOWN PUBLICATIONS AND MATERIALS,MARKETING TOOLS PROVIDED BY DOWNTOWN ACTION TEAM, INVITATION AND DISCOUNTED PRICES TO DOWNTOWN ACTION TEAM FUCTIONS, ACTIVITIES AND NETWORKING EVENTS, REFERRALS,LEADS, SERVICES AND ADVOCACY PROVIDED BY DOWNTOWN ACTION TEAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR,TREASURER OF THE BOARD OF DIRECTORS AND ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCEMENT OF CONFLICTS POLICY:THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL EMPLOYEES AND BOARD OF DIRECTORS OF DOWNTOWN ACTION TEAM AND THE POLICY IS ENFORCED BY THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR TOP OFFICIAL:THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE ORGANIZATION'S BOARD OF DIRECTORS AND THE EMPLOYMENT CONTRACT.THE INTERNATIONAL DOWNTOWN ASSOCIATION SURVEY OF COMPENSATION IS AVAILABLE TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION PROCESS FOR TOP OFFICIAL:THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE ORGANIZATION'S BOARD OF DIRECTORS AND THE EMPLOYMENT CONTRACT.THE INTERNATIONAL DOWNTOWN ASSOCIATION SURVEY OF COMPENSATION IS AVAILABLE TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION:GOVERNING DOCUMENTS AND ORGANIZATIONAL POLICIES ARE ALL MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6During 2015, the organization began the process of dissolution by terminating and/or transferring contracts to other entities with similar missions (such as the Downtown Main Street Organization), shutting down the physical office; organization and storage of records, disposition of assets and termination of employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Organization was provided a tax assessment for every property within the Business Improvement District. There was a lawsuit between the City and a third party tax payer within the District in which the City settled and agreed to shut down the Business Improvement District which included the tax assessments that this organization was created to administer.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VIII, Line 2g

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