Downtown Phoenix INC FY2020 filing

Phoenix, AZUnknown exempt organizationEIN 46-2139928Revenue $550K in FY2020

On file with the IRSdtphx.org1 East Washington Suite 230 · Phoenix, AZ

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Support the economic & cultural vitality of the Phoenix Downtown community & surrounding areas

$237K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $187K a year · 25% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Pay to officers and key staff
$237K
to officers and key staff · 50% of spending
Concern: pay to officers and key staff is 50% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$578K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$550K
Spent
$470K
Net assets
$373K
By yearFY2020–FY2022
Revenue
$550K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$550K
FY2021$1.0M
FY2022$672K
Expenses
$470K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$470K
FY2021$520K
FY2022$1.8M
Net assets
$373K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$373K
FY2021$939K
FY2022$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Who runs it and what they're paid

20 people listed on the 990; $237K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$167,556Pt VII · Sec A
$69,611Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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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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

Boosts downtown Phoenix's economy and culture.

Questions for Downtown Phoenix INC

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Provided by the organization

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1 program · in their own filed words · FY2020
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

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$550K
Ln 12
Gifts and grantsLn 1h$450K
Fees for servicesLn 2g$100K
Money outPt IX
$470K
Ln 25
Owns and owesPt X
$373K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$951K
LiabilitiesLn 26$578K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$450K
Fees for servicesLn 2g$100K
Total revenueLn 12$550K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Other assetsLn 15$58K
Total assetsLn 16$951K
LiabilitiesLn 26$578K
Net assetsLn 32$373K
OperationsPt I, VI
EmployeesI 569
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$378K$251K
Total assetsLn 16$1.0M$951K
LiabilitiesLn 26$738K$578K
Net assetsLn 32$292K$373K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$264K
Other employee benefitsLn 9$22K
Payroll taxesLn 10$10K
Legal feesLn 11b$21K
Accounting feesLn 11c$4K
Other fees for servicesLn 11g$117K
Office expensesLn 13$7K
Information technologyLn 14$2K
OccupancyLn 16$7K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$10K
Total functional expensesLn 25$470K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $672K$1.8M−$1.2M$0 990 PDF
FY2021 $1.0M$520K$520K$939K 990 PDF
FY2020 Viewing $550K$470K$81K$373K 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
See the full FY2020 990 (6 parts)
Part I · Summary $550,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,669$450,500
I-9 Program service revenuePrior year $131,445$100,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $632,114$550,500
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 $409,113$296,286
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $129,785$173,358
I-18 Total expensesPrior year $538,898$469,644
I-19 Revenue less expensesPrior year $93,216$80,856
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $550,500 across 4 lines filed
VIII-1f All other contributions, gifts and grants$450,500
VIII-1h Total contributions, gifts and grants$450,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,000$100,000
VIII-12 Total revenueRelated to mission $100,000 · Unrelated business $0 · Excluded from tax $0$550,500
Part IX · Statement of functional expenses $469,644 across 11 lines filed
IX-5 Pay of current officers, directors and key staff$264,295
IX-9 Other employee benefits$21,588
IX-10 Payroll taxes$10,403
IX-11b Legal fees$21,099
IX-11c Accounting fees$3,650
IX-11g Other fees for services$116,656
IX-13 Office expenses$7,051
IX-14 Information technology$1,981
IX-16 Occupancy$6,946
IX-23 Insurance$5,526
IX-24 Other expenses (24a–d)$10,449
IX-25 Total functional expenses$469,644
Part X · Balance sheet $951,278 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $377,566$251,423
X-3 Pledges and grants receivableStart of year $226,500$226,500
X-4 Accounts receivableStart of year $411,083$399,881
X-9 Prepaid expenses and deferred chargesStart of year $15,300$15,301
X-15 Other assetsStart of year $0$58,173
X-16 Total assetsStart of year $1,030,449$951,278
X-17 Accounts payable and accrued expensesStart of year $118,177$74,575
X-25 Other liabilitiesStart of year $619,945$503,520
X-26 Total liabilitiesStart of year $738,122$578,095
X-27 Net assets without donor restrictionsStart of year $292,327$373,183
X-32 Total net assets or fund balancesStart of year $292,327$373,183
X-33 Total liabilities and net assetsStart of year $1,030,449$951,278
Part XI · Reconciliation of net assets $373,183 net assets at year end
XI-1 Total revenue$550,500
XI-2 Total expenses$469,644
XI-3 Revenue less expenses$80,856
XI-4 Net assets at start of year$292,327
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$373,183

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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