Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
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
6 people listed on the 990.
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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
Improves downtown Austin through parks, projects, and services benefiting the community.
Questions for Downtown Austin Development Corporation
Your first name shows with your question. Downtown Austin Development Corporation answers here, for everyone.
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The Foundation's mission is to ignite the potential of downtown-through art and creative spaces that capture the spirit of Austin-by and for everyone. The Foundation is charged with implementing key projects that support the Downtown Alliance's vision.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $406K | $274K |
| Total assetsLn 16 | $707K | $618K |
| LiabilitiesLn 26 | $9K | $28K |
| Net assetsLn 32 | $698K | $590K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $79K | $79K | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $0 | $0 | $0 | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $0 | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $0 | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $0 | $0 | $0 | $0 |
| Payroll taxesLn 10 | $0 | $0 | $0 | $0 |
| Management feesLn 11a | $0 | $0 | ||
| Professional fundraising feesLn 11e | $78K | $78K | ||
| Investment management feesLn 11f | $2K | $2K | $53 | |
| Other fees for servicesLn 11g | $245K | $245K | ||
| Office expensesLn 13 | $14K | $14K | ||
| Information technologyLn 14 | $4K | $4K | ||
| OccupancyLn 16 | $69K | $69K | $0 | |
| TravelLn 17 | $521 | $521 | $0 | |
| Conferences, conventions and meetingsLn 19 | $2K | $2K | $58 | |
| Other expenses (24a–d)Ln 24 | $6K | $6K | $900 | $0 |
| Total functional expensesLn 25 | $500K | $421K | $1K | $78K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $392K | $500K | −$108K | $590K | 990 PDF |
| FY2024 | $180K | $174K | $6K | $698K | 990 PDF |
| FY2023 | $431K | $139K | $292K | $692K | 990 PDF |
| FY2022 | $141K | $400K | 990 PDF | ||
| FY2021 | $129K | $311K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $392,207 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 2 to look at
Part VIII · Statement of revenue $392,207 across 9 lines filed
Part IX · Statement of functional expenses $500,360 across 20 lines filed
Part X · Balance sheet $617,946 assets, 12 lines filed
Part XI · Reconciliation of net assets $589,764 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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