Civic Intelligence

Downtown Des Moines Self-Supported Municipal Improvement District

990 • Fiscal year 2021 • EIN 86-1058466

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2021

700 Locust Street Suite 100Des Moines, IA 50309

(515) 286-4950

Siviq Scores

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

Liabilities / Assets

44th percentile

0.12x

Higher debt load relative to assets than 44% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.12x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

61st percentile

15%

Higher net margin than 61% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

73rd percentile

23%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

6.9%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,227,975

Up $594,549 (+23%) from 2020

Net Assets

Up

$2,850,062

Up $468,818 (+20%) from 2020

Liabilities

Up

$377,913

Up $125,731 (+50%) from 2020

Revenue

Up

$3,090,620

Up $198,364 (+6.9%) from 2020

Expenses

Up

$2,621,802

Up $6,171 (+0.2%) from 2020

Net Income

Up

$468,818

Up $192,193 (+69%) from 2020

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: $1,360,899Liabilities 2011: $242,642Net Assets 2011: $1,118,2572011Assets 2012: $1,572,539Liabilities 2012: $305,160Net Assets 2012: $1,267,3592012Assets 2013: $1,487,327Liabilities 2013: $292,267Net Assets 2013: $1,195,0602013Assets 2014: $1,420,368Liabilities 2014: $412,456Net Assets 2014: $1,007,9122014Assets 2015: $1,188,443Liabilities 2015: $256,314Net Assets 2015: $932,1292015Assets 2016: $1,476,738Liabilities 2016: $132,691Net Assets 2016: $1,344,0472016Assets 2017: $1,757,261Liabilities 2017: $142,094Net Assets 2017: $1,615,1672017Assets 2018: $1,975,351Liabilities 2018: $184,029Net Assets 2018: $1,791,3222018Assets 2019: $2,480,991Liabilities 2019: $376,372Net Assets 2019: $2,104,6192019Assets 2020: $2,633,426Liabilities 2020: $252,182Net Assets 2020: $2,381,2442020Assets 2021: $3,227,975Liabilities 2021: $377,913Net Assets 2021: $2,850,0622021Assets 2022: $3,674,454Liabilities 2022: $527,193Net Assets 2022: $3,147,2612022Assets 2023: $3,694,788Liabilities 2023: $778,196Net Assets 2023: $2,916,5922023Assets 2024: $3,519,194Liabilities 2024: $620,591Net Assets 2024: $2,898,6032024Assets 2025: $3,134,445Liabilities 2025: $648,691Net Assets 2025: $2,485,7542025

Highlighted filing

2021

Assets$3,227,975
Liabilities$377,913
Net Assets$2,850,062

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,959,626Expenses 2011: $1,702,726Net Income 2011: $256,9002011Revenue 2012: $2,062,538Expenses 2012: $1,878,453Net Income 2012: $184,0852012Revenue 2013: $1,974,747Expenses 2013: $2,047,066Net Income 2013: -$72,3192013Revenue 2014: $2,116,788Expenses 2014: $2,303,936Net Income 2014: -$187,1482014Revenue 2015: $2,239,905Expenses 2015: $2,315,688Net Income 2015: -$75,7832015Revenue 2016: $2,501,924Expenses 2016: $2,090,006Net Income 2016: $411,9182016Revenue 2017: $2,443,587Expenses 2017: $2,172,467Net Income 2017: $271,1202017Revenue 2018: $2,501,025Expenses 2018: $2,324,870Net Income 2018: $176,1552018Revenue 2019: $2,706,902Expenses 2019: $2,393,605Net Income 2019: $313,2972019Revenue 2020: $2,892,256Expenses 2020: $2,615,631Net Income 2020: $276,6252020Revenue 2021: $3,090,620Expenses 2021: $2,621,802Net Income 2021: $468,8182021Revenue 2022: $3,009,507Expenses 2022: $2,712,308Net Income 2022: $297,1992022Revenue 2023: $3,290,652Expenses 2023: $3,521,320Net Income 2023: -$230,6682023Revenue 2024: $3,221,470Expenses 2024: $3,239,459Net Income 2024: -$17,9892024Revenue 2025: $2,791,259Expenses 2025: $3,204,108Net Income 2025: -$412,8492025

Highlighted filing

2021

Revenue$3,090,620
Expenses$2,621,802
Net Income$468,818
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2021
Return Version
2020v4.0
Gross Receipts
$3,090,620
Mission and Program Overview

Mission

The organization ensures support for and satisfaction with the self- taxation of businesses within the district, in accordance with the petition which established the ssmid, and oversees the use of those funds. Funds are used in a manner which provides cleaning, safety, and beautification services, in addition to other core activities.

Supports the redevelopment and revitalization of the downtown district by providing cleaning, safety, and beautification services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,478,000$2,472,000▲ $994,000
Savings and Temporary Cash Investments$900,225$455,938▼ $444,287
Accounts Receivable$222,860$217,263▼ $5,597
Land, Buildings, and Equipment, Net-$50,151-
Cash and Non-Interest-Bearing Accounts$32,341$29,070▼ $3,271
Prepaid Expenses and Deferred Charges-$3,553-
Total Assets$2,633,426$3,227,975▲ $594,549
Liabilities
Accounts Payable and Accrued Expenses$252,182$377,913▲ $125,731
Total Liabilities$252,182$377,913▲ $125,731
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,381,244$2,850,062▲ $468,818
Total Net Assets Fund Balance$2,381,244$2,850,062▲ $468,818
Total Liabilities and Net Assets / Fund Balance$2,633,426$3,227,975▲ $594,549

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,279$6,506-
Leasehold Improvements$46,872$8,272-
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Block By BlockSafety,cleaning7135 CHARLOTTE PIKE STE 100, Nashville, TN 37209$877,592
Kaldenberg Pbs LandscapingPlants/services5555 NW BEAVER DRIVE, Johnston, IA 50131$543,084
Downtown Dsm INCMngmt & Admin700 LOCUST ST SUITE 100, Des Moines, IA 50309$378,821
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,053,103
Investment Income
$37,517
Other Revenue
$0
Change in Net Assets
$468,818

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,090,620
Total Revenue per Audited Statements
$3,090,620
Total Revenue per Form 990
$3,090,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,621,802
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 Management---$76,135
Occupancy---$68,194
Other Expenses---$57,430
Fees for Services Other---$12,612
Depreciation Depletion---$8,850
All Other Expenses---$8,000
Fees for Services Accounting---$5,000
Insurance---$1,843
Fees for Services Legal---$1,435
Conferences and Meetings---$249
Total Functional Expenses$0$0$0$2,621,802

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,621,802
Total Expenses per Audited Statements$2,621,802
Total Expenses per Form 990$2,621,802
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
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The entity has no employees and instead carries out day-to-day executive leadership, program management, and financial and administrative functions via its contractual relationships with downtown dsm, inc. And the greater des moines partnership. The governing body of the organization however oversees all activities and ensures the organization's mission is carried out appropriately.

Form 990, Page 6, Part VI, Line 11B

This return was prepared and reviewed for accuracy and completeness by kirk irwin, chief administrative officer of downtown dsm, inc. And greater des moines partnership, entities which provide management and administrative services to the organization. In addition, the return was made available to current board members prior to filing.

Form 990, Page 6, Part VI, Line 12C

Each year, members of the board of directors review the conflict of interest policy. The policy requires that each individual acknowledges having received the policy, that theyve read and understood the policy, and agree to comply with the policy. Specifically, the board members are required to disclose any potential conflicts of interest related to transactions involving the organization, which the board member may have a direct or indirect interest. In the event a potential conflict of interest arises, meeting minutes shall document the disclosure and steps taken to resolve, in order to conform to the policy. This affirmation to comply with the policy in carrying out board duties is made on an annual basis. During the year, there were no conflicts of interest identified for board members. Consistent with prior years, the annual affirmation was again conducted as of the first of the year.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, policies, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Des Moines Self-supported
EIN
86-1058466
Phone
5152864950
Address
700 LOCUST STREET SUITE 100, DES MOINES, IA 50309
Doing Business As
Operation Downtown

Signing Officer

Name
Kirk Irwin
Title
Officer
Phone
5152864950
Signed
2021-05-15

Organization Details

Principal Officer
Kirk Irwin
Formed
2002
Legal Domicile
Ia
Voting Board Members
29
Independent Board Members
29
Employees
0

Preparer

Firm
Hamilton Juffer & Associates Llp
Address
666 GRAND AVE STE 2400, DES MOINES, IA 50309-2506
Preparer
Holly Larson
Phone
5152453737
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization ensures support for and satisfaction with the self- taxation of businesses within the district, in accordance with the petition which established the ssmid, and oversees the use of those funds. Funds are used in a manner which provides cleaning, safety, and beautification services, in addition to other core activities.

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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/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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/TitleTxt25OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt30SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt31VICE CHAIR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.13$0.65$2.49$2.79$3.20$0.41
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.62$2.90$3.22$3.24$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$0.78$2.92$3.29$3.52$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$0.53$3.15$3.01$2.71$0.30
2021Detailed filing. Detailed filing data is available for this year.$3.23$0.38$2.85$3.09$2.62$0.47
2020Summary only. Only limited summary data is available for this year.$2.63$0.25$2.38$2.89$2.62$0.28
2019Summary only. Only limited summary data is available for this year.$2.48$0.38$2.10$2.71$2.39$0.31
2018Summary only. Only limited summary data is available for this year.$1.98$0.18$1.79$2.50$2.32$0.18
2017Summary only. Only limited summary data is available for this year.$1.76$0.14$1.62$2.44$2.17$0.27
2016Summary only. Only limited summary data is available for this year.$1.48$0.13$1.34$2.50$2.09$0.41
2015Summary only. Only limited summary data is available for this year.$1.19$0.26$0.93$2.24$2.32$0.08
2014Summary only. Only limited summary data is available for this year.$1.42$0.41$1.01$2.12$2.30$0.19
2013Summary only. Only limited summary data is available for this year.$1.49$0.29$1.20$1.97$2.05$0.07
2012Summary only. Only limited summary data is available for this year.$1.57$0.31$1.27$2.06$1.88$0.18
2011Summary only. Only limited summary data is available for this year.$1.36$0.24$1.12$1.96$1.70$0.26
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)6 • $1M-$5M nonprofits