Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
50 people listed on the 990; $145K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jason Ilstrup | $145,087 | $147,549 | $143,975 | $147,599 | $148,342 |
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
Advocates for local government policies and initiatives to foster an economically strong, inclusive, vibrant, and accessible downtown district for residents, workers, and visitors.
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Downtown madison, inc (dmi) is committed to representing the interests of businesses, residents, employees and visitors to ensure that downtown madison is a great place to live, work, shop and visit. Dmi connects downtown partners for the betterment of the central city.
Downtown madison, inc. (dmi) advocates on behalf of its members to local government politicians and officials in the areas of economic development, EQUITY/INCLUSION, quality of life, and transportation issues.
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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 | $89K | $108K |
| Total assetsLn 16 | $368K | $446K |
| LiabilitiesLn 26 | $55K | $103K |
| Net assetsLn 32 | $313K | $343K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $161K | |||
| Other salaries and wagesLn 7 | $277K | |||
| Pension plan contributionsLn 8 | $8K | |||
| Payroll taxesLn 10 | $33K | |||
| Accounting feesLn 11c | $28K | |||
| Other fees for servicesLn 11g | $12K | |||
| Office expensesLn 13 | $27K | |||
| Information technologyLn 14 | $8K | |||
| OccupancyLn 16 | $42K | |||
| TravelLn 17 | $5K | |||
| Conferences, conventions and meetingsLn 19 | $31K | |||
| InsuranceLn 23 | $7K | |||
| Other expenses (24a–d)Ln 24 | $49K | |||
| All other expensesLn 24e | $12K | |||
| Total functional expensesLn 25 | $701K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $731K | $701K | $30K | $343K | 990 PDF |
| FY2023 | $587K | $652K | −$65K | $313K | 990 PDF |
| FY2022 | $890K | $907K | −$18K | $378K | 990 PDF |
| FY2021 | $769K | $875K | −$106K | $395K | 990 PDF |
| FY2020 | $753K | $805K | −$51K | $504K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $731,298 across 8 lines filed
Part IX · Statement of functional expenses $700,901 across 14 lines filed
Part X · Balance sheet $446,411 assets, 13 lines filed
Part XI · Reconciliation of net assets $343,303 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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