Provides leadership, initiative, and advocacy in order to achieve shared solutions and a shared vision for the future of Downtown des moines.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
91¢ of each $1 spent went to programs.
Run by 50 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $35K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $95K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$176K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 35 voting members
Looks good: 35 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-3% vs prior year
Spent
$1.1M
To programs
91%
Net assets
$355K
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.7M
FY2023$1.2M
FY2024$1.2M
Expenses
$1.1M
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.5M
FY2023$1.1M
FY2024$1.1M
Net assets
$355K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$88K
FY2021$68K
FY2022$259K
FY2023$318K
FY2024$355K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1986.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.0M Management & general 9% · $96K

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

37 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Assitant Treasurer
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2021FY2020
Eugene Meyer——$270,060
Tim Leach—$136,874$134,664
Amy Lego$110,215——

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.

See Downtown Partnership INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advocates for the economic growth and vibrancy of downtown Des Moines by developing long-term vision plans, supporting local businesses, and promoting community events.

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Provided by the organization

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2 programs · $235K · in their own filed words · FY2024
01

Economic Development

The organization serves downtown des moines (DSM) by undertaking leadership and collaborative efforts to leverage and enhance the strengths of the area. The primary focus of the organization includes support for the development and expansion of businesses, housing, amenities, and placemaking efforts that enhance downtown.

$160Kprogram expense
02

The Downtown Dsm

Future forward vision plan was developed through an inclusive process designed to build upon the momentum of downtown DSM and set up downtown for future success. The growth of the downtown population, amenities and overall vibrancy has mirrored the growth of the region in the last 20 years.

$75Kprogram 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
Total grants receivedfrom 1 funder$95K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$729K
Fees for servicesLn 2g$429K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$96K
Owns and owesPt X
$355K
net assets · Ln 32
Cash and savingsLn 1–2$415K
Total assetsLn 16$532K
LiabilitiesLn 26$176K
PeoplePt VI, VII
37
listed · VII A
PaidVII A0
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$729K
Fees for servicesLn 2g$429K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$415K
Cash and savings togetherLn 1–2$415K
Total assetsLn 16$532K
LiabilitiesLn 26$176K
Net assetsLn 32$355K
OperationsPt I, VI
EmployeesI 512
VolunteersI 650
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
LineStart FY24End FY24
Cash and savingsLn 1–2$323K$415K
Total assetsLn 16$550K$532K
LiabilitiesLn 26$232K$176K
Net assetsLn 32$318K$355K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$365K$365K
Pension plan contributionsLn 8$27K$27K
Other employee benefitsLn 9$26K$26K
Payroll taxesLn 10$29K$29K
Management feesLn 11a$431K$335K$96K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$2K$2K
OccupancyLn 16$73K$73K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$820$820
Payments to affiliatesLn 21$82K$82K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$1.1M$1.0M$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$1.1M$38K$355K 990 PDF
FY2023 $1.2M$1.1M$59K$318K 990 PDF
FY2022 $1.7M$1.5M$191K$259K 990 PDF
FY2021 $1.5M$1.5M−$20K$68K 990 PDF
FY2020 $1.5M$1.6M−$94K$88K 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 $1,157,425 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $789,330$728,814
I-9 Program service revenuePrior year $405,357$428,611
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,194,687$1,157,425
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $442,071$447,202
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $693,697$672,712
I-18 Total expensesPrior year $1,135,768$1,119,914
I-19 Revenue less expensesPrior year $58,919$37,511
Part VI · Governance 35 of 35 board members independent, 2 to look at
VI-1a Voting members of the governing body35
VI-1b Independent voting members35
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,157,425 across 4 lines filed
VIII-1d Related organizations$728,814
VIII-1h Total contributions, gifts and grants$728,814
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $428,611$428,611
VIII-12 Total revenueRelated to mission $428,611 · Unrelated business $0 · Excluded from tax $0$1,157,425
Part IX · Statement of functional expenses $1,119,914 across 14 lines filed
IX-7 Other salaries and wagesPrograms $365,467$365,467
IX-8 Pension plan contributionsPrograms $26,835$26,835
IX-9 Other employee benefitsPrograms $26,351$26,351
IX-10 Payroll taxesPrograms $28,549$28,549
IX-11a Management feesPrograms $334,761 · Management $96,485$431,246
IX-11c Accounting feesPrograms $2,600$2,600
IX-11g Other fees for servicesPrograms $2,543$2,543
IX-12 Advertising and promotionPrograms $63,505$63,505
IX-13 Office expensesPrograms $1,700$1,700
IX-16 OccupancyPrograms $73,496$73,496
IX-17 TravelPrograms $3,806$3,806
IX-19 Conferences, conventions and meetingsPrograms $820$820
IX-21 Payments to affiliatesPrograms $82,000$82,000
IX-24 Other expenses (24a–d)Programs $10,996$10,996
IX-25 Total functional expensesPrograms $1,023,429 · Management $96,485 · Fundraising $0$1,119,914
Part X · Balance sheet $531,579 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $322,889$415,206
X-4 Accounts receivableStart of year $226,805$116,373
X-16 Total assetsStart of year $549,694$531,579
X-17 Accounts payable and accrued expensesStart of year $231,774$176,148
X-26 Total liabilitiesStart of year $231,774$176,148
X-32 Total net assets or fund balancesStart of year $317,920$355,431
X-33 Total liabilities and net assetsStart of year $549,694$531,579
Part XI · Reconciliation of net assets $355,431 net assets at year end
XI-1 Total revenue$1,157,425
XI-2 Total expenses$1,119,914
XI-3 Revenue less expenses$37,511
XI-4 Net assets at start of year$317,920
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$355,431

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

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