Civic Intelligence

Downtown Phoenix Partnership Inc

990 • Fiscal year 2015 • EIN 86-0673650

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

1 East Washington Suite 230Phoenix, AZ 85004

(602) 744-6403

Siviq Scores

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

Liabilities / Assets

69th percentile

0.31x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.07x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

54th percentile

3.8%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$243,810

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

48th percentile

0.1%

Faster asset growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$813,701

Up $828 (+0.1%) from 2014

Net Assets

Up

$560,550

Up $143,180 (+34%) from 2014

Liabilities

Down

$253,151

Down $142,352 (-36%) from 2014

Revenue

Up

$3,745,651

Up $346,873 (+10%) from 2014

Expenses

Up

$3,602,471

Up $227,515 (+6.7%) from 2014

Net Income

Up

$143,180

Up $119,358 (+501%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $543,058Liabilities 2011: $357,502Net Assets 2011: $185,5562011Assets 2012: $582,227Liabilities 2012: $333,875Net Assets 2012: $248,3522012Assets 2013: $739,110Liabilities 2013: $346,972Net Assets 2013: $392,1382013Assets 2014: $812,873Liabilities 2014: $395,503Net Assets 2014: $417,3702014Assets 2015: $813,701Liabilities 2015: $253,151Net Assets 2015: $560,5502015Assets 2016: $923,445Liabilities 2016: $267,815Net Assets 2016: $655,6302016Assets 2017: $1,002,957Liabilities 2017: $31,254Net Assets 2017: $971,7032017Assets 2018: $1,175,813Liabilities 2018: $45,695Net Assets 2018: $1,130,1182018Assets 2019: $1,134,793Liabilities 2019: $113,173Net Assets 2019: $1,021,6202019Assets 2020: $1,139,020Liabilities 2020: $112,200Net Assets 2020: $1,026,8202020Assets 2021: $1,235,093Liabilities 2021: $29,757Net Assets 2021: $1,205,3362021Assets 2022: $2,328,732Liabilities 2022: $54,458Net Assets 2022: $2,274,2742022Assets 2023: $3,420,717Liabilities 2023: $1,137,425Net Assets 2023: $2,283,2922023Assets 2024: $3,828,420Liabilities 2024: $1,764,029Net Assets 2024: $2,064,3912024

Highlighted filing

2015

Assets$813,701
Liabilities$253,151
Net Assets$560,550

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,992,443Expenses 2011: $2,941,718Net Income 2011: $50,7252011Revenue 2012: $3,101,363Expenses 2012: $3,041,325Net Income 2012: $60,0382012Revenue 2013: $3,173,732Expenses 2013: $3,071,204Net Income 2013: $102,5282013Revenue 2014: $3,398,778Expenses 2014: $3,374,956Net Income 2014: $23,8222014Revenue 2015: $3,745,651Expenses 2015: $3,602,471Net Income 2015: $143,1802015Revenue 2016: $3,667,885Expenses 2016: $3,572,805Net Income 2016: $95,0802016Revenue 2017: $4,057,355Expenses 2017: $3,741,282Net Income 2017: $316,0732017Revenue 2018: $4,115,892Expenses 2018: $3,957,477Net Income 2018: $158,4152018Revenue 2019: $4,162,282Expenses 2019: $4,270,780Net Income 2019: -$108,4982019Revenue 2020: $4,065,069Expenses 2020: $4,059,869Net Income 2020: $5,2002020Revenue 2021: $3,711,813Expenses 2021: $3,600,863Net Income 2021: $110,9502021Revenue 2022: $5,691,701Expenses 2022: $4,290,219Net Income 2022: $1,401,4822022Revenue 2023: $5,524,073Expenses 2023: $5,345,566Net Income 2023: $178,5072023Revenue 2024: $5,640,557Expenses 2024: $5,108,364Net Income 2024: $532,1932024

Highlighted filing

2015

Revenue$3,745,651
Expenses$3,602,471
Net Income$143,180
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$3,745,651
Mission and Program Overview

Mission

The partnership provides enhanced services to the downtown phoenix core area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$142,204$212,130▲ $69,926
Savings and Temporary Cash Investments$83,218$196,075▲ $112,857
Investments in Publicly Traded Securities$154,299$156,876▲ $2,577
Accounts Receivable$279,086$101,307▼ $177,779
Land, Buildings, and Equipment, Net$63,822$66,940▲ $3,118
Prepaid Expenses and Deferred Charges$55,009$44,288▼ $10,721
Inventories for Sale or Use$20,243$21,093▲ $850
Total Assets$812,873$813,701▲ $828
Other Assets Total$14,992$14,992→ $0
Liabilities
Accounts Payable and Accrued Expenses$363,591$246,855▼ $116,736
Other Liabilities$31,912$6,296▼ $25,616
Total Liabilities$395,503$253,151▼ $142,352
Net Assets / Fund Balance
Unrestricted Net Assets$417,370$560,550▲ $143,180
Total Net Assets Fund Balance$417,370$560,550▲ $143,180
Total Liabilities and Net Assets / Fund Balance$812,873$813,701▲ $828

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$57,697$241,212$298,909
Leasehold Improvements$9,243$5,690$14,933
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Daniel KlockeExecutive DirectorPT$114,774$114,774

Board Members and Trustees

NameTitle
Ron ButlerChairman
Todd KindbergVice Chairman
David RoderiqueVice President
Aj SulkaDirector
Ann BeckerDirector
Billy ShieldsDirector
Charlie LevyDirector
Chris CallahanDirector
Dr Stuart FlynnDirector
Jeff AlexanderDirector
Jeff MoloznikDirector
Jim WardDirector
John ChanDirector
John MisnerDirector
Mike EhmannDirector
Nickie CasciaroDirector
Paige LundDirector
Paul BlueDirector
Ralph MarchettaDirector
Ray ScheyDirector
Richard BowersDirector
Shirley MaysDirector
Steve BantaDirector
Tom HarrisDirector
Tom ManosDirector
Rick NaimarkSecretary
Chevy HumphreyTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,315,622
Program Service Revenue
$429,448
Investment Income
$581
Other Revenue
$0
Change in Net Assets
$143,180

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,696,655
Revenue Not Reported on Financial Statements
$48,996
Revenue Not Reported on Form 990
$1,191,509
Other Revenue Adjustments
$48,996
Total Revenue per Audited Statements
$4,888,164
Total Revenue per Form 990
$3,745,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,189,351
Other Expenses$1,413,120
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,170,498$258,789-$1,429,287
Fees for Services Other$611,757$47,590-$659,347
Current Officers, Directors, Trustees, and Key Employees$251,642$83,880-$335,522
Other Employee Benefits$220,148$79,191-$299,339
Advertising$213,557$71,186-$284,743
Occupancy$93,404$87,085-$180,489
Office Expenses$24,435$53,003-$77,438
Payroll Taxes$47,463$26,140-$73,603
Information Technology$21,535$44,215-$65,750
Pension Plan Contributions$38,700$12,900-$51,600
Insurance-$37,667-$37,667
Fees for Services Legal$27,125$9,042-$36,167
Depreciation Depletion$26,421$8,807-$35,228
Conferences and Meetings$8,958$12,799-$21,757
Other Expenses-$3,447-$3,447
Interest-$1,156-$1,156
Total Functional Expenses$2,755,643$846,828$0$3,602,471

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,642,491
Total Expenses per Form 990$3,602,471
Expenses per Audited Statements$3,553,475
Expenses Not Reported on Form 990$1,089,016
Expenses Not Reported on Financial Statements$48,996
Other Expense Adjustments$48,996
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$6,296
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an outside accounting firm and then is presented to the finance committee for review before being submitted to the irs.

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

Each director is asked to carefully review the policy and sign a statement acknowledging its existence and agreeing to be bound by its terms. Any director, officer or employee of the downtown phoenix partnership who has, or whose relative has, a substantial interest in or represents a company or organization that directly benefits from any contract, sale, purchase or service to the downtown phoenix partnership shall make known that interest in advance in the official records of the downtown phoenix partnership and shall refrain from voting upon or otherwise participating in such transaction.

Form 990, Part VI, Section B, Line 15

Compensation of the executive director is determined by the board of directors under a written contract. Compensation in comparable organizations and the community are reviewed and compensation arrangements are documented. The board reviews and sets the compensation of key employees.

Form 990, Part VI, Section C, Line 19

The organization makes their articles of incorporation, by-laws, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Phoenix Partnership Inc
EIN
86-0673650
Phone
6027446403
Address
1 EAST WASHINGTON SUITE 230, PHOENIX, AZ 85004

Signing Officer

Name
David Krietor
Title
Executive Director
Phone
6027446403
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Klocke
Formed
1990
Legal Domicile
Az
Voting Board Members
26
Independent Board Members
26
Employees
0
Volunteers
26

Preparer

Firm
Cbiz Mhm LLC
Address
3101 N CENTRAL AVE STE 300, PHOENIX, AZ 85012
Preparer
AMY A O'LOUGHLIN
Phone
6022646835
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2B:

There were no w-2s issued by the organization because the organization does not retain employees. All employees are leased from downtown phoenix inc, a related organization.

Form 990, Part IX, Line 11G

Consulting fees: events: program service expenses 298,838. Management and general expenses 40,443. Fundraising expenses 0. Total expenses 339,281. Consulting fees: business development: program service expenses 27,702. Management and general expenses 7,147. Fundraising expenses 0. Total expenses 34,849. Consulting fees: community outreach: program service expenses 35,471. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,471. Consulting fees: streetscape: program service expenses 249,746. Management and general expenses 0. Fundraising expenses 0. Total expenses 249,746.

Financial Statement Notes

PART X, LINE 2:

The organization evaluates their uncertain tax positions, if any, on a continual basis through review of their policies and procedures, review of their regular tax filings, and discussions with outside experts. As of december 31, 2015, management does not believe any uncertain tax positions exist.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue from related organizations 1,191,509.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Related organizations eliminating entries 48,996.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses from related organizations 1,089,016.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Related organizations eliminating entries 48,996.

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IRS990/Form990PartVIISectionAGrp/PersonNm18PAIGE LUND
IRS990/Form990PartVIISectionAGrp/PersonNm19TOM MANOS
IRS990/Form990PartVIISectionAGrp/PersonNm20RALPH MARCHETTA
IRS990/Form990PartVIISectionAGrp/PersonNm21SHIRLEY MAYS
IRS990/Form990PartVIISectionAGrp/PersonNm22JEFF MOLOZNIK
IRS990/Form990PartVIISectionAGrp/PersonNm23AJ SULKA
IRS990/Form990PartVIISectionAGrp/PersonNm24JIM WARD
IRS990/Form990PartVIISectionAGrp/PersonNm25STEVE BANTA
IRS990/Form990PartVIISectionAGrp/PersonNm26DAVID RODERIQUE
IRS990/Form990PartVIISectionAGrp/PersonNm27DANIEL KLOCKE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRESURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt03315622
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03745651
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt044215
IRS990/InformationTechnologyGrp/ProgramServicesAmt021535
IRS990/InformationTechnologyGrp/TotalAmt065750
IRS990/InsuranceGrp/ManagementAndGeneralAmt037667
IRS990/InsuranceGrp/TotalAmt037667
IRS990/InterestGrp/ManagementAndGeneralAmt01156
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IRS990/InventoriesForSaleOrUseGrp/BOYAmt020243
IRS990/InventoriesForSaleOrUseGrp/EOYAmt021093
IRS990/InvestmentIncomeGrp/ExclusionAmt0581
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0581
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0154299
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0156876
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0246902
IRS990/LandBldgEquipBasisNetGrp/BOYAmt063822
IRS990/LandBldgEquipBasisNetGrp/EOYAmt066940
IRS990/LandBldgEquipCostOrOtherBssAmt0313842
IRS990/LegalDomicileStateCd0AZ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PARTNERSHIP PROVIDES ENHANCED SERVICES TO THE DOWNTOWN PHOENIX CORE AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0417370
IRS990/NetAssetsOrFundBalancesEOYAmt0560550
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IRS990/OccupancyGrp/ProgramServicesAmt093404
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt053003
IRS990/OfficeExpensesGrp/ProgramServicesAmt024435
IRS990/OfficeExpensesGrp/TotalAmt077438
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012900
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt038700
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0DANIEL KLOCKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2561700
IRS990/ProgramServiceRevenueGrp/Desc0EVENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1NON-ASSESSMENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2FEES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0246084
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1155809
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0246084
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1155809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227555
IRS990/ProgSrvcAccomActy2Grp/Desc0MARKETING: TO PROVIDE A BUSINESS DIRECTORY, DINING GUIDE, CALENDAR OF EVENTS AND QUARTERLY NEWSPAPER TO THE PUBLIC. PROVIDE A FORUM FOR MERCHANTS TO DISCUSS COMMON ISSUES AND DEVELOP SPECIAL PROMOTIONS AND EVENTS.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.83$1.76$2.06$5.64$5.11$0.53
2023Detailed filing. Detailed filing data is available for this year.$3.42$1.14$2.28$5.52$5.35$0.18
2022Detailed filing. Detailed filing data is available for this year.$2.33$0.05$2.27$5.69$4.29$1.40
2021Detailed filing. Detailed filing data is available for this year.$1.24$0.03$1.21$3.71$3.60$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.11$1.03$4.07$4.06$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.13$0.11$1.02$4.16$4.27$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.05$1.13$4.12$3.96$0.16
2017Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.97$4.06$3.74$0.32
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.27$0.66$3.67$3.57$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.25$0.56$3.75$3.60$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.40$0.42$3.40$3.37$0.02
2013Summary only. Only limited summary data is available for this year.$0.74$0.35$0.39$3.17$3.07$0.10
2012Summary only. Only limited summary data is available for this year.$0.58$0.33$0.25$3.10$3.04$0.06
2011Summary only. Only limited summary data is available for this year.$0.54$0.36$0.19$2.99$2.94$0.05