Downtown Now EIN 43-1874939

Downtown Now FY2023 filing

EIN  43-1874939 Public foundation / grantmaker Saint Louis, MO
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Revitalizes and supports downtown St. Louis to ensure its stability and strength.
Leadership
Jason Hall · Member
Money in and out
$265K revenue, $357K expenses
Bottom line
96% program efficiency

Revitalizes and supports downtown St. Louis to ensure its stability and strength. For fiscal year 2023 it reported $265K in revenue, $357K in expenses, and $5.8M in net assets.Pt I

Grants paid & assets · FY2023
Total revenue
$265K
Pt VIII · Ln 12
Total expenses
$357K
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$92K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-34%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$265K
FY2023▲ +575%
Expenses
$357K
FY2023▲ +153%
Total assets
$5.8M
FY2023▼ -5%
Total liabilities
$3K
FY2023▼ -98%
Total revenue
$265K
Pt VIII · Ln 12
Total expenses
$357K
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$92K
Total assetsPt X · Ln 16$5.8M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $343K of program spending, described in the organization's own filed words · FY2023.
01

Downtown now! Aims to stabilize, strengthen and help to maintain the downtown area of the city of ST. Louis, missouri, through various economic development efforts.

$343Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDowntown Now
EINHdr · item D43-1874939
Principal addressHdr · item CSaint Louis, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70)
Ruling yearIRS BMFJul 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$180K · 68%
Program service revenue$85K · 32%
Contributions & grants68%$180K
Program service revenue32%$85K
Investment income$19
— government grantsLn 1e$100K
Total revenueLn 12$265K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$343K
Management & general4%$14K
Total functional expensesLn 25$357K

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$5.8M
Total liabilitiesLn 26$3K
Total net assetsLn 32$5.8M
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13K · Operating expenses/yr $357K
0.5 months
Where the money goes
Program services
Program services $343K · Total expenses $357K
96%
Management & General
Management & general $14K · Total expenses $357K
4%
Fundraising
Fundraising $0 · Total expenses $357K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $74K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $180K · Total revenue $265K
68%
Government reliance
Government grants $100K · Total revenue $265K
38%
Earned-income share
Program service revenue $85K · Total revenue $265K
32%
Investment reliance
Investment income $19 · Total revenue $265K
0%
Program self-sufficiency
Program service revenue $85K · Total expenses $357K
24%
Growth & trend
Revenue growth (YoY)
This year $265K · Prior year $39K
+575%
Net-asset trend (YoY)
End of year $5.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $265K · Expenses $357K
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $5.8M
Net-asset ratio
Net assets $5.8M · Total assets $5.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jason Hall · Reported title MEMBER · Highest reported compensation $0 · Total expenses $357K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $357K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 575%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$60K
Grants paid · 1 grant · $183K · 2023–2023

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$112K revenue · ⤓ 990 PDF
FY2023$265K revenue · viewing · ⤓ 990 PDF
FY2022$39K revenue · ⤓ 990 PDF
FY2021$177K revenue · ⤓ 990 PDF
FY2020$244K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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