Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
43 people listed on the 990.
Rebecca Fleischaker Couch’s $135K as Executive Director is at the 39th percentile of top reported officer pay among 2833 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Rebecca S Matheny | — | — | $161,263 | $157,892 |
| Rebecca Fleischaker Couch | $135,305 | $142,917 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes the economic health of downtown Louisville by leading long-term redevelopment planning, fostering public-private partnerships, and hosting community events to attract visitors.
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DDC engages in a variety of projects in collaboration with local and state government as well as private sector partners meant to increase the vitality and attractiveness of downtown. In 2024, these projects and initiatives included:- cityspots: conceptualized by leadership louisville's 2022 bingham fellows cohort, cityspots are the…
One of DDC'S critical functions is telling downtown's story by sharing the economic, cultural, and societal importance of downtown for the entire city and also what people might have missed if they haven't come downtown in a while.
Economic Development
DDC is the primary organization responsible for providing the strategic vision for downtown louisville's growth and development. While numerous other private and public organizations are necessary for the successful implementation of this vision, DDC leads the process through close collaboration with the community and its partners.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $1.0M |
| InvestmentsLn 11–13 | $904K | $1.1M |
| Land, buildings, equipmentLn 10c | $42K | $29K |
| Total assetsLn 16 | $2.9M | $2.7M |
| LiabilitiesLn 26 | $636K | $473K |
| Net assetsLn 32 | $2.2M | $2.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $79K | $79K | ||
| Legal feesLn 11b | $13K | $13K | ||
| Accounting feesLn 11c | $20K | $20K | ||
| Other fees for servicesLn 11g | $1.0M | $821K | $185K | $16K |
| Advertising and promotionLn 12 | $40K | $40K | ||
| Office expensesLn 13 | $35K | $26K | $5K | $3K |
| Information technologyLn 14 | $26K | $22K | $4K | |
| OccupancyLn 16 | $106K | $78K | $26K | $2K |
| TravelLn 17 | $20K | $20K | $92 | |
| Depreciation, depletion and amortizationLn 22 | $13K | $11K | $2K | |
| InsuranceLn 23 | $30K | $23K | $6K | $556 |
| Other expenses (24a–d)Ln 24 | $469K | $465K | $4K | $663 |
| Total functional expensesLn 25 | $1.9M | $1.6M | $265K | $22K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.9M | $1.9M | −$20K | $2.2M | 990 PDF |
| FY2023 | $1.9M | $2.0M | −$95K | $2.2M | 990 PDF |
| FY2022 | $1.6M | $1.3M | $357K | $2.3M | 990 PDF |
| FY2021 | $2.2M | $1.3M | $899K | $2.0M | 990 PDF |
| FY2020 | $603K | $1.1M | −$495K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,853,066 across 5 lines filed
Part IX · Statement of functional expenses $1,872,864 across 12 lines filed
Part X · Balance sheet $2,670,303 assets, 17 lines filed
Part XI · Reconciliation of net assets $2,197,696 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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