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
73 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
41 people listed on the 990; $158K paid to officers and key staff.
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.
Questions for Downtown Development Corporation
Your first name shows with your question. Downtown Development Corporation answers here, for everyone.
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Support Services
Serving as an honest broker for downtown, DDC supports a variety of projects in collaboration with local and state government as well as private sector partners. Additionally, DDC provides fiscal support to a variety of non-profits and downtown organizations to facilitate unique events and programs throughout the CBD.- business…
Economic Development
In support of the downtown master plan, DDC'S core mission is to promote the economic development of downtown louisville in collaboration with private and public partners, thereby making the central business district (CBD) a dynamic environment for businesses, visitors and RESIDENTS.2020 presented unique challenges to downtown louisville…
Mareketing, Communications and Events
A vital role of DDC is to promote the vitality of downtown louisville through effective marketing of downtown attractions and events, often in partnership with louisville tourism, metro government and many generous community SPONSORS.- downtown events: due to health and safety concerns, the COVID-19 pandemic shut down or severely…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $571K | $399K |
| InvestmentsLn 11–13 | $794K | $719K |
| Land, buildings, equipmentLn 10c | $30K | $16K |
| Total assetsLn 16 | $1.7M | $1.3M |
| LiabilitiesLn 26 | $120K | $236K |
| Net assetsLn 32 | $1.6M | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $34K | $34K | ||
| Pay of current officers, directors and key staffLn 5 | $179K | $134K | $41K | $4K |
| Other salaries and wagesLn 7 | $390K | $293K | $90K | $8K |
| Pension plan contributionsLn 8 | $20K | $15K | $5K | $399 |
| Other employee benefitsLn 9 | $67K | $50K | $15K | $1K |
| Payroll taxesLn 10 | $40K | $30K | $9K | $799 |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $17K | $17K | ||
| Professional fundraising feesLn 11e | $15K | $15K | ||
| Other fees for servicesLn 11g | $66K | $20K | $46K | $450 |
| Advertising and promotionLn 12 | $48K | $33K | $15K | |
| Office expensesLn 13 | $19K | $14K | $4K | $378 |
| OccupancyLn 16 | $62K | $60K | $2K | |
| Depreciation, depletion and amortizationLn 22 | $14K | $10K | $4K | |
| InsuranceLn 23 | $15K | $11K | $4K | $306 |
| Other expenses (24a–d)Ln 24 | $109K | $91K | $16K | $1K |
| All other expensesLn 24e | $1K | $1K | ||
| Total functional expensesLn 25 | $1.1M | $796K | $268K | $33K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $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 Viewing | $603K | $1.1M | −$495K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $602,603 revenue, 12 lines filed
Part VI · Governance 40 of 40 board members independent, no flags
Part VIII · Statement of revenue $602,603 across 7 lines filed
Part IX · Statement of functional expenses $1,097,532 across 17 lines filed
Part X · Balance sheet $1,293,273 assets, 16 lines filed
Part XI · Reconciliation of net assets $1,057,059 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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