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Downtown Tempe Foundation FY2020 filing

Tax-deductible

Tempe, AZ501(c)(3)Since 2009Community DevelopmentEIN 86-1043201Revenue $132K in FY2020

On file with the IRSdowntowntempe.com1 W Rio Salado Pkwy, 85281-3743 · Tempe, AZTax-exempt since Sep 2009Publicly supported — 509(a)(2)

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To curate diverse and impactful experienes that cultivate community engagement.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
4 of 6
filings with a surplus
Average surplus $21K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
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
Named funders
1
named funder · $108K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$258K
171% of total assets
Concern: liabilities are 171% of assets; over 80%.
Pt X · Ln 26
Independent board members
35
of 35 voting members
Looks good: 35 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$132K
Spent
$231K
To programs
77%
Net assets
−$107K
By yearFY2020–FY2025
Revenue
$132K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$110K
FY2022$877K
FY2023$1.0M
FY2024$1.0M
FY2025$1.1M
Expenses
$231K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$231K
FY2021$116K
FY2022$820K
FY2023$977K
FY2024$983K
FY2025$988K
Net assets
−$107K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$107K
FY2021−$113K
FY2022−$56K
FY2023−$3K
FY2024$35K
FY2025$121K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 ruling in Sep 2009.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $179K Fundraising 23% · $52K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Kate Borders
Executive Director
$0Pt VII · Sec A
See Downtown Tempe Foundation 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 15aYes

Programs and updates

Creates diverse experiences to foster community engagement.

Questions for Downtown Tempe Foundation

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Provided by the organization

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1 program · $179K · in their own filed words · FY2019
01

Putting on downtown tempe major events

$179Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Downtown Tempe Authority INCFY2024$108K
Total grants receivedfrom 1 funder$108K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$132K
Ln 12
Other incomeLn 4–11$132K
Money outPt IX
$231K
Ln 25
Programscol B$179K
Fundraisingcol D$52K
Owns and owesPt X
−$107K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$151K
LiabilitiesLn 26$258K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$132K
Total revenueLn 12$132K
Assets in detailPt X, end of year
CashLn 1$123K
Cash and savings togetherLn 1–2$123K
Total assetsLn 16$151K
LiabilitiesLn 26$258K
Net assetsLn 32−$107K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6280
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$9K$123K
Total assetsLn 16$19K$151K
LiabilitiesLn 26$27K$258K
Net assetsLn 32−$8K−$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$43K$43K
Accounting feesLn 11c$17K$17K
Professional fundraising feesLn 11e$52K$52K
Other fees for servicesLn 11g$787$787
Advertising and promotionLn 12$72K$72K
Office expensesLn 13$2K$2K
OccupancyLn 16$17K$17K
TravelLn 17$1K$1K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$231K$179K$0$52K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$988K$86K$121K 990 PDF
FY2024 $1.0M$983K$38K$35K 990 PDF
FY2023 $1.0M$977K$52K−$3K 990 PDF
FY2022 $877K$820K$57K−$56K 990 PDF
FY2021 $110K$116K−$6K−$113K 990 PDF
FY2020 Viewing $132K$231K−$99K−$107K 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 $131,903 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $313,729$131,903
I-12 Total revenuePrior year $313,729$131,903
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$52,210
I-17 Other expensesPrior year $345,076$178,881
I-18 Total expensesPrior year $345,076$231,091
I-19 Revenue less expensesPrior year −$31,347−$99,188
Part VI · Governance 35 of 35 board members independent, no flags
VI-1a Voting members of the governing body35
VI-1b Independent voting members35
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $131,903 across 2 lines filed
VIII-8 Net income from fundraising eventsExcluded from tax $131,903$131,903
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $131,903$131,903
Part IX · Statement of functional expenses $231,091 across 10 lines filed
IX-11a Management feesPrograms $42,768$42,768
IX-11c Accounting feesPrograms $17,073$17,073
IX-11e Professional fundraising feesFundraising $52,210$52,210
IX-11g Other fees for servicesPrograms $787$787
IX-12 Advertising and promotionPrograms $72,224$72,224
IX-13 Office expensesPrograms $1,546$1,546
IX-16 OccupancyPrograms $17,240$17,240
IX-17 TravelPrograms $1,316$1,316
IX-23 InsurancePrograms $16,207$16,207
IX-24 Other expenses (24a–d)Programs $9,720$9,720
IX-25 Total functional expensesPrograms $178,881 · Management $0 · Fundraising $52,210$231,091
Part X · Balance sheet $151,229 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,992$123,304
X-4 Accounts receivableStart of year $10,437$27,925
X-16 Total assetsStart of year $19,429$151,229
X-17 Accounts payable and accrued expensesStart of year $23,753$47,163
X-19 Deferred revenue$210,770
X-26 Total liabilitiesStart of year $26,945$257,933
X-27 Net assets without donor restrictionsStart of year −$7,516−$106,704
X-32 Total net assets or fund balancesStart of year −$7,516−$106,704
X-33 Total liabilities and net assetsStart of year $19,429$151,229
Part XI · Reconciliation of net assets −$106,704 net assets at year end
XI-1 Total revenue$131,903
XI-2 Total expenses$231,091
XI-3 Revenue less expenses−$99,188
XI-4 Net assets at start of year−$7,516
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$106,704

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

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