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Aurora Downtown FY2023 filing

Aurora, ILUnknown exempt organizationEIN 51-0174902Revenue $317K in FY2023

On file with the IRSauroradowntown.org43 W Galena Blvd · Aurora, IL

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The mission of Aurora Downtown is to DO all things necessary to relieve poverty and combat community deterioration by improving, redeveloping, aiding and assisting business enterprises and persons within the geographic boundaries described by city of Aurora ordinance.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $24K a year · 9% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$317K
+7% vs prior year
Spent
$301K
To programs
81%
Net assets
$207K
By yearFY2020–FY2025
Revenue
$317K
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$386K
FY2021$320K
FY2022$295K
FY2023$317K
FY2024$190K
FY2025$28K
Expenses
$301K
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$317K
FY2021$323K
FY2022$316K
FY2023$301K
FY2024$298K
FY2025$126K
Net assets
$207K
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$214K
FY2021$212K
FY2022$191K
FY2023$207K
FY2024$99K
FY2025$0

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $244K Management & general 19% · $57K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Brian Failing
Board Chair
$0Pt VII · Sec A
Cort Carlson
Vice Chair
$0Pt VII · Sec A
Travis Andry
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
See Aurora Downtown executive salaries →

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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 15aNo

Programs and updates

Improves downtown businesses and helps people to fight poverty and decay.

Questions for Aurora Downtown

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Provided by the organization

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2 programs · $244K · in their own filed words · FY2023
01

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

$124Kprogram expense
02

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

$120Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Community Foundation of the Fox River ValleyFY2025$26K
Total grants receivedfrom 1 funder$26K
Grants paid · 4 grants · $91K · 2020–2025
The City of AuroraFY2025$48,229
Individual RecipientFY2022$6,000
Community Foundation of the FoxFY2021$18,900
Community Foundation of the FoxFY2020$17,500

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$317K
Ln 12
Gifts and grantsLn 1h$292K
Fees for servicesLn 2g$25K
Investment incomeLn 3$29
Money outPt IX
$301K
Ln 25
Programscol B$244K
Managementcol C$57K
Owns and owesPt X
$207K
net assets · Ln 32
Cash and savingsLn 1–2$212K
Total assetsLn 16$212K
LiabilitiesLn 26$5K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$292K
Government grantsLn 1e$292K
Fees for servicesLn 2g$25K
Investment incomeLn 3$29
Total revenueLn 12$317K
Assets in detailPt X, end of year
CashLn 1$212K
Cash and savings togetherLn 1–2$212K
Total assetsLn 16$212K
LiabilitiesLn 26$5K
Net assetsLn 32$207K
OperationsPt I, VI
EmployeesI 51
VolunteersI 612
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$192K$212K
Total assetsLn 16$192K$212K
LiabilitiesLn 26$1K$5K
Net assetsLn 32$191K$207K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Other salaries and wagesLn 7$66K$53K$13K
Pension plan contributionsLn 8$528$422$106
Payroll taxesLn 10$7K$6K$1K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$18K$14K$3K
Advertising and promotionLn 12$38K$38K
Office expensesLn 13$7K$7K
Information technologyLn 14$11K$10K$1K
OccupancyLn 16$16K$12K$5K
Conferences, conventions and meetingsLn 19$3K$498$3K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$101K$98K$3K
Total functional expensesLn 25$301K$244K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $28K$126K−$99K$0 990 PDF
FY2024 $190K$298K−$108K$99K 990 PDF
FY2023 Viewing $317K$301K$16K$207K 990 PDF
FY2022 $295K$316K−$21K$191K 990 PDF
FY2021 $320K$323K−$3K$212K 990 PDF
FY2020 $386K$317K$69K$214K 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 FY2023 990 (6 parts)
Part I · Summary $317,073 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $302,915$292,450
I-9 Program service revenuePrior year −$7,905$24,594
I-10 Investment incomePrior year $35$29
I-11 Other revenue$0
I-12 Total revenuePrior year $295,045$317,073
I-13 Grants and similar amounts paidPrior year $41,699$12,047
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,192$73,723
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $210,126$215,238
I-18 Total expensesPrior year $316,017$301,008
I-19 Revenue less expensesPrior year −$20,972$16,065
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $317,073 across 5 lines filed
VIII-1e Government grants$292,450
VIII-1h Total contributions, gifts and grants$292,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,594$24,594
VIII-3 Investment incomeRelated to mission $29$29
VIII-12 Total revenueRelated to mission $24,623$317,073
Part IX · Statement of functional expenses $301,008 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $12,047$12,047
IX-7 Other salaries and wagesPrograms $53,044 · Management $13,261$66,305
IX-8 Pension plan contributionsPrograms $422 · Management $106$528
IX-10 Payroll taxesPrograms $5,512 · Management $1,378$6,890
IX-11c Accounting feesManagement $6,975$6,975
IX-11g Other fees for servicesPrograms $14,494 · Management $3,219$17,713
IX-12 Advertising and promotionPrograms $37,903$37,903
IX-13 Office expensesManagement $7,088$7,088
IX-14 Information technologyPrograms $10,330 · Management $1,030$11,360
IX-16 OccupancyPrograms $11,572 · Management $4,800$16,372
IX-19 Conferences, conventions and meetingsPrograms $498 · Management $2,909$3,407
IX-23 InsuranceManagement $13,851$13,851
IX-24 Other expenses (24a–d)Programs $97,692 · Management $2,877$100,569
IX-25 Total functional expensesPrograms $243,514 · Management $57,494 · Fundraising $0$301,008
Part X · Balance sheet $211,651 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $191,977$211,651
X-16 Total assetsStart of year $191,977$211,651
X-17 Accounts payable and accrued expensesStart of year $1,311$4,920
X-26 Total liabilitiesStart of year $1,311$4,920
X-27 Net assets without donor restrictionsStart of year $190,666$206,731
X-32 Total net assets or fund balancesStart of year $190,666$206,731
X-33 Total liabilities and net assetsStart of year $191,977$211,651
Part XI · Reconciliation of net assets $206,731 net assets at year end
XI-1 Total revenue$317,073
XI-2 Total expenses$301,008
XI-3 Revenue less expenses$16,065
XI-4 Net assets at start of year$190,666
XI-10 Net assets at end of year$206,731

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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