Aurora Downtown

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EIN 51-0174902 Unknown exempt organization Aurora, IL
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$28K
FY2025▼ -85%
Expenses
$126K
FY2025▼ -58%

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Improves downtown businesses and helps people to fight poverty and decay. For fiscal year 2025 it reported $28K in revenue and $126K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Aurora, IL
Website
www.auroradowntown.org
Filings
6 on file (2020–2025)
Revenue
$28KFY2025
Expenses
$126K
Net assets
$0
People
18
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Provided by the organization

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Size
<$100K
What they do
Improves downtown businesses and helps people to fight poverty and decay.
Leadership
Cort Carlson · Standing Dir
Money in and out
$28K revenue, $126K expenses
Bottom line
-356% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Community Foundation of the Fox River Valley

1 distinct foundation funder(s) on file, $26K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

80% to programs

80% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↓ -85% vs prior year

Revenue band <$100K, -85% versus the prior filing year (down). See detail →

Reported financial activity · FY2025
Total revenue
$28K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$99K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Surplus margin
-356%
revenue over expenses, this year▼ -524% vs prior filing year
Program spending
80%
of expenses reach programs+0.3% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$0
FY2025▼ -100%
Total liabilities
$0
FY2025▼ -100%
Revenue less expensesPt I · Ln 19−$99K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAurora Downtown
EINHdr · item D51-0174902
Principal addressHdr · item CAurora, IL
WebsiteHdr · item Jwww.auroradowntown.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
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
Standing Dir
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $101K of program spending, described in the organization's own filed words · FY2025.
01

Promotes economic development in downtown aurora and coordinates development with city of aurora in planning and implementation of long range plans.

$63Kprogram expense
02

Provides seasonal decorations for downtown aurora streetscape to enhance positive image of downtown aurora.

$38Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$26K · 93%
Program service revenue$2K · 6%
Other revenue$152 · 1%
Contributions & grants93%$26K
Program service revenue6%$2K
Other revenue1%$152
Investment income$10
Total revenueLn 12$28K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$101K
Management & general20%$25K
Total functional expensesLn 25$126K

Balance Sheet

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

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $126K
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 $101K · Total expenses $126K
80%
Management & General
Management & general $25K · Total expenses $126K
20%
Fundraising
Fundraising $0 · Total expenses $126K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $28K
93%
Government reliance
Government grants — · Total revenue $28K
—
Earned-income share
Program service revenue $2K · Total revenue $28K
6%
Investment reliance
Investment income $10 · Total revenue $28K
+0.04%
Program self-sufficiency
Program service revenue $2K · Total expenses $126K
1%
Growth & trend
Revenue growth (YoY)
This year $28K · Prior year $190K
-85%
Revenue CAGR
FY2020 $386K · FY2025 $28K
-41%
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 $28K · Expenses $126K
-356%
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) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cort Carlson · Reported title STANDING DIR · Highest reported compensation $0 · Total expenses $126K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $126K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 20%——
Fundraising cost ratio 0%——
Revenue growth -85%——
Legal fee ratio 4%——
Accounting fee ratio 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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$26K
Grants paid · 4 grants · $91K · 2020–2025
The City of AuroraFY2025$48,229
Ballydoyle Irish PubFY2022$6,000
Community Foundation of the FoxFY2021$18,900
Community Foundation of the FoxFY2020$17,500

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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
FY2025 (Latest)$28K revenue · viewing · ⤓ 990 PDF
FY2024$190K revenue · ⤓ 990 PDF
FY2023$317K revenue · ⤓ 990 PDF
FY2022$295K revenue · ⤓ 990 PDF
FY2021$320K revenue · ⤓ 990 PDF
FY2020$386K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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