Civic Intelligence

Anchorage Downtown Partnership Ltd

990 • Fiscal year 2014 • EIN 92-0157658

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 10, 2015

333 West 4th Avenue Suite 317Anchorage, AK 99501

(907) 279-5650

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.08x

Higher debt load relative to assets than 33% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

26th percentile

0.05x

Higher debt load relative to revenue than 26% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

17th percentile

-4.9%

Higher net margin than 17% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

40th percentile

$113,522

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

29th percentile

-1.7%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

43rd percentile

2.2%

Faster revenue growth than 43% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$809,941

Down $14,197 (-1.7%) from 2013

Net Assets

Down

$743,780

Down $35,579 (-4.6%) from 2013

Liabilities

Up

$66,161

Up $21,382 (+48%) from 2013

Revenue

Up

$1,354,785

Up $29,678 (+2.2%) from 2013

Expenses

Up

$1,420,906

Up $31,984 (+2.3%) from 2013

Net Income

Down

-$66,121

Down $2,306 (-3.6%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $938,748Liabilities 2010: $78,855Net Assets 2010: $859,8932010Assets 2011: $969,564Liabilities 2011: $73,144Net Assets 2011: $896,4202011Assets 2012: $922,711Liabilities 2012: $79,537Net Assets 2012: $843,1742012Assets 2013: $824,138Liabilities 2013: $44,779Net Assets 2013: $779,3592013Assets 2014: $809,941Liabilities 2014: $66,161Net Assets 2014: $743,7802014Assets 2015: $750,919Liabilities 2015: $140,788Net Assets 2015: $610,1312015Assets 2016: $795,141Liabilities 2016: $143,659Net Assets 2016: $651,4822016Assets 2017: $498,675Liabilities 2017: $221,099Net Assets 2017: $277,5762017Assets 2018: $248,412Liabilities 2018: $86,697Net Assets 2018: $161,7152018Assets 2019: $300,678Liabilities 2019: $110,144Net Assets 2019: $190,5342019Assets 2020: $574,077Liabilities 2020: $99,437Net Assets 2020: $474,6402020Assets 2021: $772,922Liabilities 2021: $302,633Net Assets 2021: $470,2892021Assets 2022: $383,560Liabilities 2022: $152,057Net Assets 2022: $231,5032022Assets 2023: $809,760Liabilities 2023: $547,107Net Assets 2023: $262,6532023Assets 2024: $955,784Liabilities 2024: $654,632Net Assets 2024: $301,1522024

Highlighted filing

2014

Assets$809,941
Liabilities$66,161
Net Assets$743,780

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,108,6662010Revenue 2011: $1,285,972Expenses 2011: $1,262,928Net Income 2011: $23,0442011Revenue 2012: $1,259,148Expenses 2012: $1,312,394Net Income 2012: -$53,2462012Revenue 2013: $1,325,107Expenses 2013: $1,388,922Net Income 2013: -$63,8152013Revenue 2014: $1,354,785Expenses 2014: $1,420,906Net Income 2014: -$66,1212014Revenue 2015: $1,574,794Expenses 2015: $1,708,443Net Income 2015: -$133,6492015Revenue 2016: $1,697,235Expenses 2016: $1,655,884Net Income 2016: $41,3512016Revenue 2017: $1,679,750Expenses 2017: $2,054,236Net Income 2017: -$374,4862017Revenue 2018: $1,568,530Expenses 2018: $1,688,005Net Income 2018: -$119,4752018Revenue 2019: $1,451,043Expenses 2019: $1,422,224Net Income 2019: $28,8192019Revenue 2020: $1,804,899Expenses 2020: $1,520,793Net Income 2020: $284,1062020Revenue 2021: $1,315,586Expenses 2021: $1,347,520Net Income 2021: -$31,9342021Revenue 2022: $1,469,853Expenses 2022: $1,568,567Net Income 2022: -$98,7142022Revenue 2023: $1,303,003Expenses 2023: $1,271,853Net Income 2023: $31,1502023Revenue 2024: $1,370,336Expenses 2024: $1,316,837Net Income 2024: $53,4992024

Highlighted filing

2014

Revenue$1,354,785
Expenses$1,420,906
Net Income-$66,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$1,402,819
Mission and Program Overview

Mission

To increase cleanliness, occupancy rates, investment values and lease income, to decrease crime, and to generally stimulate development and improve the quality of life in downtown anchorage.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$707,887$676,948▼ $30,939
Accounts Receivable$63,880$41,604▼ $22,276
Prepaid Expenses and Deferred Charges$9,803$16,931▲ $7,128
Land, Buildings, and Equipment, Net-$9,371-
Cash and Non-Interest-Bearing Accounts$982$1,975▲ $993
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$824,138$809,941▼ $14,197
Other Assets Total$41,586$63,112▲ $21,526
Liabilities
Accounts Payable and Accrued Expenses$44,779$66,161▲ $21,382
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$44,779$66,161▲ $21,382
Net Assets / Fund Balance
Unrestricted Net Assets$779,359$743,780▼ $35,579
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$779,359$743,780▼ $35,579
Total Liabilities and Net Assets / Fund Balance$824,138$809,941▼ $14,197

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,371$37,164$46,535
Other Assets Org$63,112--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher SchutteExecutive DirectorFT$105,000$8,522$113,522

Board Members and Trustees

NameTitle
Daniel MitchellBoard President
Gideon GarciaBoard Vice President
Bryan AurandBoard Member
Chris AndersonBoard Member
Claiborne Porter JrBoard Member
Duncan HarrisonBoard Member
James DoughertyBoard Member
James KubitzBoard Member
James MintonBoard Member
Laura Brooks CantrellBoard Member
Lottie MichaelBoard Member
Marcia ChambersBoard Member
Raquel EdelenBoard Member
Silvia VillamidesBoard Member
Stephen WelchBoard Member
Steve RibuffoBoard Member
Thomas DeakinsBoard Member
Tony CangeBoard Member
Jamie BoringBoard Secretary
Sue LinfordBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,275,450
Program Service Revenue
$80,805
Investment Income
$921
Other Revenue
$-2,391
All Other Contributions
$86,014
Change in Net Assets
$-66,121

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$39,014Fair Market Value (FMV)
Total Noncash Contributions$39,014-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,354,785
Revenue Not Reported on Form 990
$112,254
Total Revenue per Audited Statements
$1,467,039
Total Revenue per Form 990
$1,354,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,047,735
Other Expenses$373,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$747,561
Office Expenses---$114,283
Current Officers, Directors, Trustees, and Key Employees---$113,522
Other Employee Benefits---$98,761
Occupancy---$80,563
Payroll Taxes---$74,449
Fees for Services Accounting---$56,355
Insurance---$55,112
Pension Plan Contributions---$13,442
Advertising---$4,558
All Other Expenses---$3,625
Fees for Services Other---$3,000
Other Expenses---$2,673
Conferences and Meetings---$1,145
Depreciation Depletion---$199
Fees for Services Legal---$113
Total Functional Expenses$0$0$0$1,420,906

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,533,160
Expenses per Audited Statements$1,420,906
Total Expenses per Form 990$1,420,906
Expenses Not Reported on Form 990$112,254
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$29,790
Gaming Gross Income$29,556
Fundraising Direct Expenses$18,244
Fundraising Gross Income$4,560
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 A, LINE 6:

As a 501(c)(6) organization, we have members paying dues. In return, members have a voice in board representation by electing our governing board.

FORM 990, PART VI, SECTION B, LINE 11:

The completed return will be reviewed by the finance committee before being filed.

FORM 990, PART VI, SECTION B, LINE 15A:

A review and approval of the executive director's annual compensation involves the utilization of an annual salary survey of CEO's in comparable organizations from the international downtown association, and documentation of the evaluation and decision by the committee of independent persons.

FORM 990, PART VI, SECTION C, LINE 18:

Most recent three years' Form 990 is available to the public through our office upon request.

FORM 990, PART VI, SECTION C, LINE 19:

Governing documents, conflict of interest policy and financial statements are either published on our website at the end of each year or available upon request.

FORM 990, PART VI, SECTION A, LINE 4:

The organization amended its bylaws to include language regarding dissolution required by state gaming laws.

Filing and Contact Details

Filer

Filer Name
Anchorage Downtown Partnership Ltd
EIN
92-0157658
In Care Of
% THE FORAKER GROUP
Phone
9072795650
Address
333 West 4th Avenue Suite 317, Anchorage, AK 99501

Signing Officer

Name
James Boring
Title
Board President
Phone
9072795650
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gideon Garcia
Formed
1996
Legal Domicile
Ak
Voting Board Members
20
Independent Board Members
20
Employees
45
Volunteers
128

Preparer

Firm
Bdo USA Llp
Address
3601 C STREET STE 600, ANCHORAGE, AK 99503
Preparer
Key E Getty CPA
Phone
9072788878
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

To increase cleanliness, occupancy rates, investment values and lease income, to decrease crime, and to generally stimulate development and improve the quality of life in downtown Anchorage.

Financial Statement Notes

Form 990, Schedule D, Part XI, Line 2D:

Event expenses netted against revenue: 18,244 gaming expenses netted against revenue: 29,790

Form 990, Schedule D, Part XII, Line 2D:

Event expenses netted against revenue: 18,244 gaming expenses netted against revenue: 29,790

FORM 990, SCHEDULE D, PART X, LINE 2:

Adp applies the provisions of topic 740 of the fasb accounting standards codification relating to accounting for uncertainty in income taxes. Adp annually reviews its return and positions taken in accordance with the recognition standards. Adp believes that it has no uncertain tax positions taken in accordance with the recognition standards that would require disclosure or adjustment in these financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Jamie Boring
IRS990/Form990PartVIISectionAGrp/PersonNm2Laura Brooks Cantrell
IRS990/Form990PartVIISectionAGrp/PersonNm3Tony Cange
IRS990/Form990PartVIISectionAGrp/PersonNm4Marcia Chambers
IRS990/Form990PartVIISectionAGrp/PersonNm5James Dougherty
IRS990/Form990PartVIISectionAGrp/PersonNm6Gideon Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm7Duncan Harrison
IRS990/Form990PartVIISectionAGrp/PersonNm8James Kubitz
IRS990/Form990PartVIISectionAGrp/PersonNm9Sue Linford
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IRS990/Form990PartVIISectionAGrp/PersonNm11James Minton
IRS990/Form990PartVIISectionAGrp/PersonNm12Daniel Mitchell
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IRS990/Form990PartVIISectionAGrp/PersonNm14Steve Ribuffo
IRS990/Form990PartVIISectionAGrp/PersonNm15Silvia Villamides
IRS990/Form990PartVIISectionAGrp/PersonNm16Thomas Deakins
IRS990/Form990PartVIISectionAGrp/PersonNm17Raquel Edelen
IRS990/Form990PartVIISectionAGrp/PersonNm18CHRIS ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm19STEPHEN WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm20Christopher Schutte
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20Executive Director
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IRS990/GamingDirectExpensesAmt029790
IRS990/GamingGrossIncomeAmt029556
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO INCREASE CLEANLINESS, OCCUPANCY RATES, INVESTMENT VALUES AND LEASE INCOME, TO DECREASE CRIME, AND TO GENERALLY STIMULATE DEVELOPMENT AND IMPROVE THE QUALITY OF LIFE IN DOWNTOWN ANCHORAGE.
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IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2INTERNAL RELATIONS
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
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IRS990/PrincipalOfficerNm0Gideon Garcia
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IRS990/ProgramServiceRevenueGrp/Desc0CLEAN & SAFE PROGRAM
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt080805
IRS990/ProgSrvcAccomActy2Grp/Desc0Special events and marketing - the organization actively promotes the downtown area through special events which are designed to attract people to the downtown corridor thereby supporting local business ventures.
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IRS990/PYSalariesCompEmpBnftPaidAmt01001835
IRS990/PYTotalExpensesAmt01388922
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IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.65$0.30$1.37$1.32$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.55$0.26$1.30$1.27$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.15$0.23$1.47$1.57$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.30$0.47$1.32$1.35$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.10$0.47$1.80$1.52$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.11$0.19$1.45$1.42$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.09$0.16$1.57$1.69$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.22$0.28$1.68$2.05$0.37
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.14$0.65$1.70$1.66$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.14$0.61$1.57$1.71$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.07$0.74$1.35$1.42$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.82$0.04$0.78$1.33$1.39$0.06
2012Summary only. Only limited summary data is available for this year.$0.92$0.08$0.84$1.26$1.31$0.05
2011Summary only. Only limited summary data is available for this year.$0.97$0.07$0.90$1.29$1.26$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.08$0.86$1.11