Downtown Phoenix INC

Phoenix, AZUnknown exempt organizationEIN 46-2139928

Support the economic & cultural vitality of the phoenix downtown community & surrounding areas

Run by 18 volunteers and 69 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2022
latest Form 990
IRS e-file · Filing history
Is it financially stable?
2 of 3
years in the black
Pt I · Ln 19 · 3 filings
What are leaders paid?
$191K
to officers and key staff · 10% of spending
Pt VII · Sec A
Do they carry debt?
$0
liabilities
Pt X · Ln 26
Who oversees it?
18
independent of 18 voting board members
Pt VI · Ln 1a–1b
Revenue
$672K
-35% vs prior year
Spent
$1.8M
Net assets
$0
By yearFY2020–FY2022
Revenue
$672K
FY2022▼ -35%
Revenue by fiscal year
FY2020$550K
FY2021$1.0M
FY2022$672K
Expenses
$1.8M
FY2022▲ +253%
Expenses by fiscal year
FY2020$470K
FY2021$520K
FY2022$1.8M
Net assets
$0
FY2022▼ -100%
Net assets by fiscal year
FY2020$373K
FY2021$939K
FY2022$0

From the FY2022 Form 990 · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Legal name (IRS)Hdr · item CDowntown Phoenix INC
EINHdr · item D46-2139928
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CPhoenix, AZ
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.dtphx.org

Financial health

Is it on solid ground?

Surplus margin
-173%
revenue over expenses, this year▼ -446% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$0
FY2022▼ -100%
Total assets by fiscal year
FY2020$951K
FY2021$1.6M
FY2022$0
Total liabilities
$0
FY2022▼ -100%
Total liabilities by fiscal year
FY2020$578K
FY2021$688K
FY2022$0
Revenue less expensesPt I · Ln 19−$1.2M
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Statement of Revenue

Part VIII
Contributions & grants$515K · 77%
Program service revenue$157K · 23%
Contributions & grants77%$515K
Program service revenue23%$157K
Investment income$249
— government grantsLn 1e$18K
Total revenueLn 12$672K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $1.8M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services — · Total expenses $1.8M
—
Management & General
Management & general — · Total expenses $1.8M
—
Fundraising
Fundraising — · Total expenses $1.8M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $515K · Total revenue $672K
77%
Government reliance
Government grants $18K · Total revenue $672K
3%
Earned-income share
Program service revenue $157K · Total revenue $672K
23%
Investment reliance
Investment income $249 · Total revenue $672K
+0.04%
Program self-sufficiency
Program service revenue $157K · Total expenses $1.8M
9%
Growth & trend
Revenue growth (YoY)
This year $672K · Prior year $1.0M
-35%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $672K · Expenses $1.8M
-173%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Devney Majerle · Reported title PRESIDENT & CEO · Highest reported compensation $191K · Total expenses $1.8M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $451K · Total expenses $1.8M
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%——
Revenue growth -35%——
Legal fee ratio 0.9%——
Accounting fee ratio 0.2%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$190,733Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2022FY2021FY2020
Devney Majerle$190,733——
Devney Preuss—$190,733$167,556
Jessyca Leach——$69,611

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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Governance & Policies

Part VI
  • 18Voting board membersPt VI · Ln 1a
  • 18Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Boosts downtown Phoenix's economy and culture.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2022.
01

In addition to providing leadership, coordination and operational efficiencies, downtown phoenix inc. (dpi) will maximize the strong points of existing downtown oriented not-for-profits and assist in the creation of others as deemed necessary to further its objectives.

Pt IX · col B
02

An agreement of merger was filed between downtown phoenix, inc. (dpi) and downtown phoenix partnership (DPP), in which dpi merged into DPP and ceased to exist as a separate entity. Upon merger, total net assets of downtown phoenix, inc. Were distributed to downtown phoenix partnership as grant expense.

Pt IX · col B

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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 · 1 grant · $69K · 2022–2022

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest Viewing $672K$1.8M-35% 990 PDF
FY2021 $1.0M$520K+89% 990 PDF
FY2020 $550K$470K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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