Downtown Stl INC FY2021 filing

St Louis, MOUnknown exempt organization EIN 43-0735493Revenue $1.3M in FY2021Latest return filed May 2, 2024

On file with the IRSdowntownstl.org211 North Broadway No 1300 · St Louis, MO

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Downtown Stl, inc's mission is to be a catalyst for economic development, residential growth and place-making such that the 2.8 million people in the metropolitan statistical area are engaged in Downtown; have a positive perception of Downtown; consider Downtown a destination for dining, entertainment and culture; and advocate for investment in Downtown and promote IT as a positive destination.

$622K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average deficit $36K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$622K
to officers and key staff · 51% of spending
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$736
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
41
of 42 voting members
Looks good: 41 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-42% vs prior year
Spent
$1.2M
Net assets
$159K
By yearFY2020–FY2024
Revenue
$1.3M
FY2021▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.3M
FY2022$3K
FY2023$0
FY2024$0
Expenses
$1.2M
FY2021▼ -47%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$1.2M
FY2022$22K
FY2023$18K
FY2024$122K
Net assets
$159K
FY2021▲ +57%
Tap a bar for its year
Net assets by fiscal year
FY2020$101K
FY2021$159K
FY2022$141K
FY2023$122K
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

44 people listed on the 990; $622K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/CEO
$333,548Pt VII · Sec A
Director of Economic Development
$146,302Pt VII · Sec A
Director of Security and Urban Space
$142,241Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2021FY2020
Missy Kelley$333,548$108,996
Robert Buffington$146,302—
Kelli McCrary$142,241—
Mobin Khan—$20,169
Christopher Ave—$10,690

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

Drives downtown economic growth, residential development, and community engagement as a vibrant destination.

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2 programs · in their own filed words · FY2020
01

Downtown STL is a membership organization providing access to the region's primary economic engine as a means of revitalizing and influencing downtown ST. Louis' growth. The growth and success of the membership is an important part of the organization's effort to serve as the catalyst for creating and promoting a vibrant downtown ST.

Pt IX · col B
02

The purpose of the banner program is to maximize exposure for banner sponsors and enrich the aesthetics of the downtown environment. Through the banner program, downtown STL is able to add color and excitement in downtown ST. Louis, promote cultural and civic events, and accomplish an effective and efficient downtown streetscape program.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $117K · 2023–2023
Downtown NowMO · FY2023$60,053

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$981K
Gifts and grantsLn 1h$296K
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$159K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$160K
LiabilitiesLn 26$736
PeoplePt VI, VII
44
listed · VII A
PaidVII A3
Voting boardVI 1a42
IndependentVI 1b41
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$296K
Fees for servicesLn 2g$981K
Gains on assetsLn 7−$4K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$160K
LiabilitiesLn 26$736
Net assetsLn 32$159K
OperationsPt I, VI
EmployeesI 525
VolunteersI 649
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$292K$154K
Land, buildings, equipmentLn 10c$134K$0
Total assetsLn 16$497K$160K
LiabilitiesLn 26$396K$736
Net assetsLn 32$101K$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$335K
Other salaries and wagesLn 7$164K
Other employee benefitsLn 9$65K
Payroll taxesLn 10$31K
Legal feesLn 11b$31K
Accounting feesLn 11c$41K
Other fees for servicesLn 11g$19K
Advertising and promotionLn 12$254K
Office expensesLn 13$20K
OccupancyLn 16$130K
TravelLn 17$269
Conferences, conventions and meetingsLn 19$13K
Depreciation, depletion and amortizationLn 22$6K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$97K
All other expensesLn 24e$2K
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 2, 2024 $0$122K−$122K$0 990 PDF
FY2023Filed with the IRS Feb 10, 2024 $0$18K−$18K$122K 990 PDF
FY2022Filed with the IRS May 11, 2023 $3K$22K−$19K$141K 990 PDF
FY2021 ViewingFiled with the IRS Mar 21, 2022 $1.3M$1.2M$57K$159K 990 PDF
FY2020Filed with the IRS May 17, 2021 $2.2M$2.3M−$77K$101K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,272,902 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $344,250$296,050
I-9 Program service revenuePrior year $1,853,489$980,807
I-10 Investment incomePrior year $0−$3,955
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,197,739$1,272,902
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 $1,433,285$596,013
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $841,276$620,234
I-18 Total expensesPrior year $2,274,561$1,216,247
I-19 Revenue less expensesPrior year −$76,822$56,655
Part VI · Governance 41 of 42 board members independent, no flags
VI-1a Voting members of the governing body42
VI-1b Independent voting members41
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,272,902 across 5 lines filed
VIII-1b Membership dues$296,050
VIII-1h Total contributions, gifts and grants$296,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $980,807$980,807
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,955−$3,955
VIII-12 Total revenueRelated to mission $980,807 · Unrelated business $0 · Excluded from tax −$3,955$1,272,902
Part IX · Statement of functional expenses $1,216,247 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$335,497
IX-7 Other salaries and wages$164,156
IX-9 Other employee benefits$65,499
IX-10 Payroll taxes$30,861
IX-11b Legal fees$31,256
IX-11c Accounting fees$41,125
IX-11g Other fees for services$19,022
IX-12 Advertising and promotion$253,851
IX-13 Office expenses$20,426
IX-16 Occupancy$129,671
IX-17 Travel$269
IX-19 Conferences, conventions and meetings$12,938
IX-22 Depreciation, depletion and amortization$6,068
IX-23 Insurance$7,063
IX-24 Other expenses (24a–d)$96,871
IX-24e All other expenses$1,674
IX-25 Total functional expenses$1,216,247
Part X · Balance sheet $160,099 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $292,247$153,829
X-4 Accounts receivableStart of year $13,180$3,784
X-9 Prepaid expenses and deferred chargesStart of year $13,961$2,486
X-10c Land, buildings and equipment, netStart of year $134,143$0
X-15 Other assetsStart of year $43,652$0
X-16 Total assetsStart of year $497,183$160,099
X-17 Accounts payable and accrued expensesStart of year $160,037$736
X-19 Deferred revenueStart of year $2,224$0
X-25 Other liabilitiesStart of year $233,584$0
X-26 Total liabilitiesStart of year $395,845$736
X-27 Net assets without donor restrictionsStart of year $101,338$159,363
X-32 Total net assets or fund balancesStart of year $101,338$159,363
X-33 Total liabilities and net assetsStart of year $497,183$160,099
Part XI · Reconciliation of net assets $159,363 net assets at year end
XI-1 Total revenue$1,272,902
XI-2 Total expenses$1,216,247
XI-3 Revenue less expenses$56,655
XI-4 Net assets at start of year$101,338
XI-8 Prior period adjustments$1,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$159,363

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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