Muncie Downtown Development Partnership: FY2024 Nonprofit Profile & Form 990 (EIN 35-2021943)

Revenue by fiscal year
FY2020	$377K
FY2021	$297K
FY2022	$517K
FY2023	$459K
FY2024	$582K
FY2025	$609K

Expenses by fiscal year
FY2020	$311K
FY2021	$379K
FY2022	$505K
FY2023	$478K
FY2024	$564K
FY2025	$577K

Net assets by fiscal year
FY2020	$369K
FY2021	$287K
FY2022	$287K
FY2023	$246K
FY2024	$264K
FY2025	$315K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $564K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation

Adam Unger

Member

$0Pt VII · Sec A

Jeff Scott

Member

$0Pt VII · Sec A

Bryan Ayars

Member

$0Pt VII · Sec A

Joe Barr

Member

$0Pt VII · Sec A

Carl Shafer

Member

$0Pt VII · Sec A

Garrett Doan

Treasurer

$0Pt VII · Sec A

Will Isaacs

President

$0Pt VII · Sec A

Jim Borgmann

Secretary

$0Pt VII · Sec A

See Muncie Downtown Development Partnership executive salaries →

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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 15aNo

Programs and updates

Facilitates public events to improve downtown Muncie's development.

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Provided by the organization

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1 program · $564K · in their own filed words · FY2024

01

Timulate positive improvements in the development of downtown muncie, in by facilitating public events

$564Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Community Foundation of Muncie and Delaware County INCFY2024$25K

American Water Charitable Foundation INCFY2024$2K

Total grants receivedfrom 2 funders$28K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$582K

Ln 12

Gifts and grantsLn 1h$582K

Money outPt IX

$564K

Ln 25

Programscol B$564K

Owns and owesPt X

$264K

net assets · Ln 32

Cash and savingsLn 1–2$157K

Total assetsLn 16$264K

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$582K

Government grantsLn 1e$70K

Total revenueLn 12$582K

Assets in detailPt X, end of year

CashLn 1$157K

Cash and savings togetherLn 1–2$157K

Land, buildings, equipmentLn 10c$107K

Other assetsLn 15$162

Total assetsLn 16$264K

LiabilitiesLn 26$0

Net assetsLn 32$264K

OperationsPt I, VI

EmployeesI 51

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$139K	$157K
Land, buildings, equipmentLn 10c	$107K	$107K
Total assetsLn 16	$246K	$264K
LiabilitiesLn 26	$132	$0
Net assetsLn 32	$246K	$264K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$125K	$125K
Legal feesLn 11b	$21	$21
Accounting feesLn 11c	$3K	$3K
Other fees for servicesLn 11g	$52K	$52K
Advertising and promotionLn 12	$122K	$122K
OccupancyLn 16	$75K	$75K
Conferences, conventions and meetingsLn 19	$1K	$1K
Depreciation, depletion and amortizationLn 22	$16K	$16K
InsuranceLn 23	$8K	$8K
Other expenses (24a–d)Ln 24	$163K	$163K
Total functional expensesLn 25	$564K	$564K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$609K	$577K	$32K	$315K	990 PDF
FY2024 Viewing	$582K	$564K	$17K	$264K	990 PDF
FY2023	$459K	$478K	−$19K	$246K	990 PDF
FY2022	$517K	$505K	$12K	$287K	990 PDF
FY2021	$297K	$379K	−$83K	$287K	990 PDF
FY2020	$377K	$311K	$66K	$369K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $581,709 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $355,200$581,709

I-9 Program service revenuePrior year $98,563$0

I-10 Investment income$0

I-11 Other revenuePrior year $4,900$0

I-12 Total revenuePrior year $458,663$581,709

I-13 Grants and similar amounts paidPrior year $19,874$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $196,745$124,822

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $261,030$439,596

I-18 Total expensesPrior year $477,649$564,418

I-19 Revenue less expensesPrior year −$18,986$17,291

Part VI · Governance 9 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $581,709 across 5 lines filed

VIII-1e Government grants$70,400

VIII-1f All other contributions, gifts and grants$511,309

VIII-1h Total contributions, gifts and grants$581,709

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$581,709

Part IX · Statement of functional expenses $564,418 across 10 lines filed

IX-7 Other salaries and wagesPrograms $124,822$124,822

IX-11b Legal feesPrograms $21$21

IX-11c Accounting feesPrograms $2,549$2,549

IX-11g Other fees for servicesPrograms $52,022$52,022

IX-12 Advertising and promotionPrograms $122,190$122,190

IX-16 OccupancyPrograms $74,667$74,667

IX-19 Conferences, conventions and meetingsPrograms $1,074$1,074

IX-22 Depreciation, depletion and amortizationPrograms $15,700$15,700

IX-23 InsurancePrograms $8,296$8,296

IX-24 Other expenses (24a–d)Programs $163,077$163,077

IX-25 Total functional expensesPrograms $564,418 · Management $0 · Fundraising $0$564,418

Part X · Balance sheet $263,535 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $139,384$156,574

X-10c Land, buildings and equipment, netStart of year $106,799$106,799

X-15 Other assetsStart of year $162$162

X-16 Total assetsStart of year $246,345$263,535

X-26 Total liabilitiesStart of year $132$0

X-27 Net assets without donor restrictionsStart of year $246,213$263,535

X-32 Total net assets or fund balancesStart of year $246,213$263,535

X-33 Total liabilities and net assetsStart of year $246,345$263,535

Part XI · Reconciliation of net assets $263,535 net assets at year end

XI-1 Total revenue$581,709

XI-2 Total expenses$564,418

XI-3 Revenue less expenses$17,291

XI-4 Net assets at start of year$246,213

XI-8 Prior period adjustments$31

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$263,535

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Muncie Downtown Development Partnership FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Muncie Downtown Development Partnership

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV