Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
13 people listed on the 990; $163K paid to officers and key staff.
Derrick Lapoint Through 1225’s $163K as President/CEO is at the 93rd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Derrick Lapoint Through 1225 | $162,827 | — | — | — | — | — |
| Derrick Lapoint | — | $161,000 | $154,000 | $154,000 | $144,692 | $134,500 |
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 15aNo
Programs and updates
Promotes downtown economic growth and business development through policy and programs.
Questions for Downtown Moorhead INC
Your first name shows with your question. Downtown Moorhead INC answers here, for everyone.
Know this org? Add your story
Center avenue was reconstructed into a multimodal, three-lane street. New downtown streets: sixth street is now open; minnesota avenue and red river avenue are under construction. 11TH street underpass project ($171m): eliminates train delays, improves emergency response times, adds 1.8 miles of pedestrian and bike paths.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $211K | $270K |
| Total assetsLn 16 | $211K | $270K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $211K | $270K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $174K | |||
| Payroll taxesLn 10 | $15K | |||
| Accounting feesLn 11c | $10K | |||
| Advertising and promotionLn 12 | $472 | |||
| Office expensesLn 13 | $2K | |||
| OccupancyLn 16 | $6K | |||
| TravelLn 17 | $5K | |||
| Conferences, conventions and meetingsLn 19 | $122 | |||
| InsuranceLn 23 | $2K | |||
| Other expenses (24a–d)Ln 24 | $375 | |||
| Total functional expensesLn 25 | $214K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $273K | $214K | $59K | $270K | 990 PDF |
| FY2024 | $220K | $210K | $10K | $211K | 990 PDF |
| FY2023 | $227K | $188K | $39K | $201K | 990 PDF |
| FY2022 | $228K | $196K | $33K | $162K | 990 PDF |
| FY2021 | $203K | $197K | $6K | $129K | 990 PDF |
| FY2020 | $182K | $123K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $273,023 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 3 to look at
Part VIII · Statement of revenue $273,023 across 5 lines filed
Part IX · Statement of functional expenses $214,333 across 10 lines filed
Part X · Balance sheet $269,583 assets, 6 lines filed
Part XI · Reconciliation of net assets $269,583 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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