Civic Intelligence

Downtown Alliance Inc

990 • Fiscal year 2015 • EIN 87-0488670

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization ProfileWWW.DOWNTOWNSLC.ORG

View Organization Page

175 East 400 South No 600Salt Lake City, UT 84111

(801) 359-5118

Siviq Scores

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

Liabilities / Assets

98th percentile

1.17x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.29x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

23rd percentile

-2.5%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

97th percentile

$478,130

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

96th percentile

62%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

13%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$474,586

Up $181,400 (+62%) from 2014

Net Assets

Down

-$79,258

Down $48,110 (-154%) from 2014

Liabilities

Up

$553,844

Up $229,510 (+71%) from 2014

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin23rd percentile

Revenue

Up

$1,890,368

Up $211,232 (+13%) from 2014

Expenses

Up

$1,938,478

Up $234,817 (+14%) from 2014

Net Income

Down

-$48,110

Down $23,585 (-96%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $303,830Liabilities 2010: $252,682Net Assets 2010: $51,1482010Assets 2011: $240,108Liabilities 2011: $199,265Net Assets 2011: $40,8432011Assets 2012: $520,191Liabilities 2012: $259,448Net Assets 2012: $260,7432012Assets 2013: $267,664Liabilities 2013: $274,287Net Assets 2013: -$6,6232013Assets 2014: $293,186Liabilities 2014: $324,334Net Assets 2014: -$31,1482014Assets 2015: $474,586Liabilities 2015: $553,844Net Assets 2015: -$79,2582015Assets 2016: $546,207Liabilities 2016: $602,353Net Assets 2016: -$56,1462016Assets 2017: $417,140Liabilities 2017: $445,453Net Assets 2017: -$28,3132017Assets 2018: $244,652Liabilities 2018: $258,707Net Assets 2018: -$14,0552018Assets 2019: $180,107Liabilities 2019: $240,798Net Assets 2019: -$60,6912019Assets 2020: $231,847Liabilities 2020: $109,856Net Assets 2020: $121,9912020Assets 2021: $1,275,249Liabilities 2021: $841,053Net Assets 2021: $434,1962021Assets 2022: $1,440,378Liabilities 2022: $544,734Net Assets 2022: $895,6442022Assets 2023: $1,685,368Liabilities 2023: $526,195Net Assets 2023: $1,159,1732023Assets 2024: $2,308,771Liabilities 2024: $521,416Net Assets 2024: $1,787,3552024

Highlighted filing

2015

Assets$474,586
Liabilities$553,844
Net Assets-$79,258
Open 2015 Filing

Operations Trend

Revenue Growth76th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,586,8862010Revenue 2011: $1,515,310Expenses 2011: $1,525,615Net Income 2011: -$10,3052011Expenses 2012: $1,590,2212012Expenses 2013: $1,509,3242013Revenue 2014: $1,679,136Expenses 2014: $1,703,661Net Income 2014: -$24,5252014Revenue 2015: $1,890,368Expenses 2015: $1,938,478Net Income 2015: -$48,1102015Revenue 2016: $1,728,070Expenses 2016: $1,704,928Net Income 2016: $23,1422016Revenue 2017: $1,677,510Expenses 2017: $1,649,677Net Income 2017: $27,8332017Revenue 2018: $1,870,833Expenses 2018: $1,888,839Net Income 2018: -$18,0062018Revenue 2019: $1,736,723Expenses 2019: $1,783,359Net Income 2019: -$46,6362019Revenue 2020: $1,645,487Expenses 2020: $1,462,805Net Income 2020: $182,6822020Revenue 2021: $2,249,548Expenses 2021: $1,937,343Net Income 2021: $312,2052021Revenue 2022: $2,960,274Expenses 2022: $2,498,826Net Income 2022: $461,4482022Revenue 2023: $3,662,468Expenses 2023: $3,398,958Net Income 2023: $263,5102023Revenue 2024: $4,148,882Expenses 2024: $3,520,700Net Income 2024: $628,1822024

Highlighted filing

2015

Revenue$1,890,368
Expenses$1,938,478
Net Income-$48,110
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$1,890,368
Mission and Program Overview

Mission

To promote economic development in downtown salt lake city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$131,432$214,724▲ $83,292
Cash and Non-Interest-Bearing Accounts$25,873$97,384▲ $71,511
Savings and Temporary Cash Investments$51,641$25,939▼ $25,702
Land, Buildings, and Equipment, Net$11,819$5,035▼ $6,784
Prepaid Expenses and Deferred Charges$0$3,500▲ $3,500
Total Assets$293,186$474,586▲ $181,400
Other Assets Total$72,421$128,004▲ $55,583
Liabilities
Accounts Payable and Accrued Expenses$161,816$295,288▲ $133,472
Other Liabilities$162,518$258,556▲ $96,038
Total Liabilities$324,334$553,844▲ $229,510
Net Assets / Fund Balance
Unrestricted Net Assets$-31,148$-79,258▼ $48,110
Total Net Assets Fund Balance$-31,148$-79,258▼ $48,110
Total Liabilities and Net Assets / Fund Balance$293,186$474,586▲ $181,400

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,035$31,346$36,381
Other Land Buildings$0$5,900$5,900
Other Assets Org$6,600--
Compensation and Service Providers
Top Officer Pay97th percentile

Board Members and Trustees

NameTitle
Linda WardellChair
Lane BeattiePresident & CEO
Jim OlsonVice Chair
Babs DelayBoard Member
Bruce BinghamBoard Member
Christina AlterBoard Member
Gary PorterBoard Member
Jake BoyerBoard Member
Jim DivverBoard Member
John DahlstromBoard Member
Kent GibsonBoard Member
Molly MazzoliniBoard Member
Peggy LanderBoard Member
Vasilios PriskosBoard Member
Councilman Luke GarrottEx-officio Board Member
David EverittEx-officio Board Member
Dj BaxterEx-officio Board Member
Erin LitvackEx-officio Board Member
Mary Delamare SchaeferEx-officio Board Member
Mayor Ben McadamsEx-officio Board Member
Mayor Ralph BeckerEx-officio Board Member
Russell WeeksEx-officio Board Member
Scott BeckEx-officio Board Member
Jason MathisExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$942,898
Program Service Revenue
$391,788
Investment Income
$378
Other Revenue
$555,304
Change in Net Assets
$-48,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,239,135
Salaries, Compensation, and Employee Benefits$679,343
Grants and Similar Amounts Paid$20,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$412,906
Advertising---$309,881
Conferences and Meetings---$205,016
Current Officers, Directors, Trustees, and Key Employees---$161,370
Office Expenses---$137,781
Fees for Services Other---$120,095
All Other Expenses---$79,346
Occupancy---$78,338
Payroll Taxes---$45,483
Other Employee Benefits---$44,605
Travel---$36,574
Fees for Services Lobbying---$35,000
Other Expenses---$24,995
Grants to Domestic Orgs---$20,000
Fees for Services Legal---$16,487
Pension Plan Contributions---$14,979
Fees for Services Accounting---$10,100
Depreciation Depletion---$8,591
Insurance---$5,393
Total Functional Expenses$0$0$0$1,938,478
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Salt Lake City Arts CouncilSlc, UT501(c)3To Facilitate the Charitable Purpose of the Organization Through the Living Traditions Program.$10,000
Downtown Denver PartnershipDenver, CO501(c)6To Facilitate the Charitable Purpose of the Organization.$5,000
Utah Arts Festival FoundationSlc, UT501(c)3To Facilitate the Charitable Purpose of the Organization.$5,000
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$64,811
Current Year Nondeductible Lobbying and Political Cost$44,811
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Salt Lake City Chamber of Commerce$258,556
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

“Line 11a explanation - a detail review is performed by the cfo of the salt lake area chamber of commerce and an electronic copy is reviewed by the salt lake area chamber of commerce's finance committee.”

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

“Conflicts of interest/ethics policy is distributed annually and a conflict of interest form is filled out by each staff member and board of governors.”

Form 990, Part VI, Section B, Line 15

“The organization utilizes a compensation committee, the form 990 of other organizations, written employment contracts, and compensation surveys/studies.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and audited financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Downtown Alliance Inc
EIN
87-0488670
Phone
8013595118
Address
175 EAST 400 SOUTH NO 600, SALT LAKE CITY, UT 84111

Signing Officer

Name
Daniel H Brimhall
Title
CFO
Phone
8013595118
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Lane Beattie
Formed
1991
Legal Domicile
Ut
Voting Board Members
24
Independent Board Members
22
Employees
0
Volunteers
50

Preparer

Firm
Eide Bailly Llp
Address
5 TRIAD CENTER STE 600, SALT LAKE CITY, UT 84180-1128
Preparer
Michelle Francis CPA
Phone
8015322200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The downtown alliance is organized as a utah nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as an organizations described in section 501(c)(6). Downtown alliance believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. Downtown alliance would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23EX-OFFICIO BOARD MEMBER
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IRS990/GrantToRelatedPersonInd00
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IRS990/IRPDocumentW2GCnt00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT IN DOWNTOWN SALT LAKE CITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-31148
IRS990/NetAssetsOrFundBalancesEOYAmt0-79258
IRS990/NetUnrelatedBusTxblIncmAmt0-95401
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt078338
IRS990/OfficeExpensesGrp/TotalAmt0137781
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt072421
IRS990/OtherAssetsTotalGrp/EOYAmt0128004
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044605
IRS990/OtherExpensesGrp/Desc0CHAMBER CONTRACT
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2STUDIES AND SURVEYS
IRS990/OtherExpensesGrp/Desc3PRINTING AND PUBLICATIO
IRS990/OtherExpensesGrp/TotalAmt087600
IRS990/OtherExpensesGrp/TotalAmt149721
IRS990/OtherExpensesGrp/TotalAmt234217
IRS990/OtherExpensesGrp/TotalAmt324995
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IRS990/OtherRevenueMiscGrp/BusinessCd1511120
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IRS990/OtherRevenueMiscGrp/Desc1MAGAZINE ADVERTISING
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0458762
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt196542
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt096542
IRS990/OtherRevenueTotalAmt0555304
IRS990/OtherSalariesAndWagesGrp/TotalAmt0412906
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IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt045483
IRS990/PensionPlanContributionsGrp/TotalAmt014979
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03500
IRS990/PrincipalOfficerNm0R LANE BEATTIE
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IRS990/ProgramServiceRevenueGrp/Desc0VENDORS
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITOR FEES
IRS990/ProgramServiceRevenueGrp/Desc2ATTENDANCE FEES
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IRS990/ProgramServiceRevenueGrp/Desc4CONCESSIONS
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IRS990/ProgSrvcAccomActy3Grp/Desc0ADVOCACY: ADVOCACY EFFORTS ARE FOCUSED ON ORGANIZING, HOSTING, AND DEVELOPING DOWNTOWN FORUMS, AWARDS, NEWSLETTERS, EXPANSION PROJECTS, AND WEBSITES FOR DOWNTOWN BUSINESSES.
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036381
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0116438
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14859
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2107
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36600
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM DOWNTOWN SLC PRESENTS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$474,586
Liabilities
$553,844
Net assets
-$79,258
Revenue
$1,890,368
Expenses
$1,938,478
Net income
-$48,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.31$0.52$1.79$4.15$3.52$0.63
2023Detailed filing. Detailed filing data is available for this year.$1.69$0.53$1.16$3.66$3.40$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.54$0.90$2.96$2.50$0.46
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.84$0.43$2.25$1.94$0.31
2020Detailed filing. Detailed filing data is available for this year.$0.23$0.11$0.12$1.65$1.46$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.24$0.06$1.74$1.78$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.26$0.01$1.87$1.89$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.45$0.03$1.68$1.65$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.60$0.06$1.73$1.70$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.55$0.08$1.89$1.94$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.32$0.03$1.68$1.70$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.27$0.01$1.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.26$0.26$1.59
2011Summary only. Only limited summary data is available for this year.$0.24$0.20$0.04$1.52$1.53$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.25$0.05$1.59