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
81 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
45 people listed on the 990; $143K 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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Downtown Projects & Support Services
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. Additionally, DDC provides fiscal sponsorship support to a variety of non-profits and downtown organizations to facilitate unique events and programs…
Marketing, Communications & Events
With the delayed return of workers back to the office, DDC'S focus in 2022 was on creating vibrancy throughout downtown and communicating to the entire community what they were missing by not being downtown.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $518K | $1.1M |
| InvestmentsLn 11–13 | $904K | $904K |
| Land, buildings, equipmentLn 10c | $29K | $23K |
| Total assetsLn 16 | $2.1M | $2.5M |
| LiabilitiesLn 26 | $94K | $184K |
| Net assetsLn 32 | $2.0M | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $73K | $73K | ||
| Pay of current officers, directors and key staffLn 5 | $180K | $135K | $41K | $4K |
| Other salaries and wagesLn 7 | $319K | $239K | $73K | $6K |
| Pension plan contributionsLn 8 | $4K | $3K | $814 | $71 |
| Other employee benefitsLn 9 | $58K | $44K | $13K | $1K |
| Payroll taxesLn 10 | $34K | $26K | $8K | $681 |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $19K | $19K | ||
| Other fees for servicesLn 11g | $213K | $199K | $13K | $402 |
| Advertising and promotionLn 12 | $63K | $38K | $13K | $11K |
| Office expensesLn 13 | $4K | $2K | $2K | $80 |
| Information technologyLn 14 | $8K | $4K | $4K | |
| OccupancyLn 16 | $55K | $41K | $13K | $1K |
| TravelLn 17 | $4K | $4K | $79 | |
| Depreciation, depletion and amortizationLn 22 | $6K | $4K | $2K | |
| InsuranceLn 23 | $24K | $19K | $5K | $434 |
| Other expenses (24a–d)Ln 24 | $208K | $200K | $7K | $420 |
| All other expensesLn 24e | $4K | $916 | $3K | $9 |
| Total functional expensesLn 25 | $1.3M | $1.0M | $220K | $26K |
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 Viewing | $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 FY2022 990 (6 parts)
Part I · Summary $1,635,538 revenue, 12 lines filed
Part VI · Governance 42 of 42 board members independent, no flags
Part VIII · Statement of revenue $1,635,538 across 7 lines filed
Part IX · Statement of functional expenses $1,278,063 across 18 lines filed
Part X · Balance sheet $2,498,000 assets, 16 lines filed
Part XI · Reconciliation of net assets $2,313,907 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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