2024-11-14T14:15:19-06:00 2023-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-01-01 833016553 INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION INTE 2023936801 1275 K STREET NW 1000 WASHINGTON DC 20005 DAVID DOWNEY EXECUTIVE DIRECTOR 2023936801 2024-11-14 1 0 DAVID W LEMLER CPA CGMA P00378478 3177456411 2024-11-14 2023 2024-10-15 13:58:12Z DAVID DOWNEY 1275 K STREET NW 1000 WASHINGTON DC 20005 1314323 0 X DOWNTOWN.ORG/FOUNDATION X 2018 DC INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION (FOUNDATION) IS A CHARITABLE ORGANIZATION ESTABLISHED TO WORK IN COLLABORATION WITH INTERNATIONAL DOWNTOWN ASSOCIATION (IDA) TO PROVIDE SUPPORT FOR THE OPERATION OF CHARITABLE AND EDUCATIONAL PROGRAMS. 4 4 0 9 0 0 600000 1314323 0 0 0 0 0 0 600000 1314323 443234 327980 0 0 0 0 0 0 0 44650 116850 487884 444830 112116 869493 658906 1478133 66637 16371 592269 1461762 FOUNDATION IS A CHARITABLE ORGANIZATION ESTABLISHED TO WORK IN COLLABORATION WITH INTERNATIONAL DOWNTOWN ASSOCIATION (IDA) TO PROVIDE SUPPORT FOR THE OPERATION OF CHARITABLE AND EDUCATIONAL PROGRAMS. 0 0 369809 327980 1314323 THE BACKING INTERNATIONAL SMALL RESTAURANTS GRANTS PROGRAM IS AIMED AT BOOSTING BUSINESS FOR CULTURALLY SIGNIFICANT AND INDEPENDENT RESTAURANTS THAT DEMONSTRATE A POSITIVE IMPACT ON THEIR COMMUNITY, AND ARE OWNED BY INDIVIDUALS FROM UNDERREPRESENTED AND/OR ECONOMICALLY VULNERABLE GROUPS. THE GOAL IS TO HELP THESE RESTAURANTS WITH CRITICAL IMPROVEMENTS AND LONG-TERM. TO BE ELIGIBLE, RESTAURANTS MUST ALREADY BE IN OPERATION AND HAVE A BRICK AND MORTAR LOCATION/STOREFRONT IN ONE OF THE CITIES LISTED BELOW: UK - LONDON AND MANCHESTER; MEXICO - MEXICO CITY; AUSTRALIA - SYDNEY AND MELBOURNE; JAPAN - TOKYO AND OSAKA; OR CANADA - TORONTO AND MONTREAL. 54323 IDA FOUNDATION SUPPORTS IMPROVEMENT DISTRICT CAPACITY BUILDING THROUGH EDUCATIONAL RESOURCES AND EVENTS EMPOWERING THE PROFESSIONAL DEVELOPMENT OF PLACE MANAGERS AND THEIR PLACE-BASED NONPROFIT ORGANIZATIONS. 424132 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X DAVID DOWNEY 2023936801 1275 K STREET NW SUITE 1000 WASHINGTON DC 20005 DAVID DOWNEY EXECUTIVE DIRECTOR 1.00 45.00 X X 0 291859 26004 DAVON BARBOUR BOARD MEMBER 1.00 X 0 0 0 RAPHAEL CLEMENTE BOARD MEMBER 1.00 X 0 0 0 BETSY BRENNAN BOARD MEMBER 1.00 X 0 0 0 ANDY TAFT BOARD MEMBER 1.00 X 0 0 0 0 291859 26004 0 0 1 0 0 1314323 1314323 1314323 0 0 0 327980 327980 92720 92720 22062 1364 20698 2068 2068 444830 424132 20698 0 658906 1478133 658906 1478133 66637 16371 66637 16371 X 1501 1501 590768 1460261 592269 1461762 658906 1478133 869493 0 X X 0 1 X 1 0 X 1500 0 64323 65823 1500 64323 65823 0 0 0 65823 1500 64323 65823 1.00000 1.00000 0.00000 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BACKING INTERNATIONAL SMALL RESTAURANTS GRANT DATE: 11/13/23 AMOUNT: 1850000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1314323 0 1314323 0 1314323 444830 0 444830 0 444830 PART X, LINE 2: FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. FOUNDATION IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE FOUNDATION TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. FOUNDATION IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. FOUNDATION'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENTS OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES, WHICH TOTAL $0 FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. FOUNDATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE. 0 0 0 0 0 0 0 0 0 0 ASIA RESTAURANT INVESTMENT 8887 ELECTRONIC FUND TRANSFER 0 EUROPE RESTAURANT INVESTMENT 18000 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA RESTAURANT INVESTMENT 9353 ELECTRONIC FUND TRANSFER 0 EUROPE RESTAURANT INVESTMENT 9349 ELECTRONIC FUND TRANSFER 0 EUROPE RESTAURANT INVESTMENT 9349 ELECTRONIC FUND TRANSFER 0 EUROPE RESTAURANT INVESTMENT 9349 ELECTRONIC FUND TRANSFER 0 EUROPE RESTAURANT INVESTMENT 9349 ELECTRONIC FUND TRANSFER 0 AUSTRALIA RESTAURANT INVESTMENT 8861 ELECTRONIC FUND TRANSFER 0 ASIA RESTAURANT INVESTMENT 8887 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA RESTAURANT INVESTMENT 9353 ELECTRONIC FUND TRANSFER 0 AUSTRALIA RESTAURANT INVESTMENT 8861 ELECTRONIC FUND TRANSFER 0 AUSTRALIA RESTAURANT INVESTMENT 8861 ELECTRONIC FUND TRANSFER 0 AUSTRALIA RESTAURANT INVESTMENT 9162 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA RESTAURANT INVESTMENT 9353 ELECTRONIC FUND TRANSFER 0 ASIA RESTAURANT INVESTMENT 9047 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA RESTAURANT INVESTMENT 9353 ELECTRONIC FUND TRANSFER 0 ASIA RESTAURANT INVESTMENT 18000 ELECTRONIC FUND TRANSFER 0 ASIA RESTAURANT INVESTMENT 8887 ELECTRONIC FUND TRANSFER 0 ASIA RESTAURANT INVESTMENT 8887 ELECTRONIC FUND TRANSFER 0 AUSTRALIA RESTAURANT INVESTMENT 8861 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA RESTAURANT INVESTMENT 9420 ELECTRONIC FUND TRANSFER 0 EUROPE RESTAURANT INVESTMENT 9349 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA RESTAURANT INVESTMENT 9420 ELECTRONIC FUND TRANSFER 0 EUROPE RESTAURANT INVESTMENT 9349 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA RESTAURANT INVESTMENT 18000 ELECTRONIC FUND TRANSFER 0 AUSTRALIA RESTAURANT INVESTMENT 8861 ELECTRONIC FUND TRANSFER 0 39 0 0 0 0 0 0 PART I, LINE 2: THE GRANT EXPENSE ACCOUNT FOR GRANT RECIPIENTS ARE THE FUNDS THAT DIRECTLY GO TOWARDS THE INDEPENDENT, SMALL RESTAURANTS THAT WE ARE SUPPORTING THROUGH THIS PROGRAM. IN ORDER TO ADMINISTER THIS PROGRAM IN DIFFERENT CITIES INTERNATIONALLY, WE PARTNER WITH ORGANIZATIONS SIMILAR TO IDA IN THOSE CITIES, AND PROVIDE GRANT FUNDING THROUGH THE PARTNER EXPENSE ACCOUNT TO ENABLE THESE ORGANIZATIONS TO CONDUCT OUTREACH AND SUPPORT THE SMALL RESTAURANTS IN THEIR RESPECTIVE CITIES. 0 PART I, LINE 2: THE FOUNDATION, SUPPORTED BY AMERICAN EXPRESS, IS ENTERING THE SECOND YEAR OF THE BACKING INTERNATIONAL SMALL RESTAURANTS PROGRAM. GIVEN THE CONTINUING CHALLENGES OF THE GLOBAL ECONOMY, THESE GRANTS ARE AIMED AT SMALL, INDEPENDENT RESTAURANTS OWNED BY INDIVIDUALS FROM UNDERREPRESENTED AND/OR ECONOMICALLY VULNERABLE GROUPS TO HELP MAKE CRITICAL IMPROVEMENTS NEEDED TO HELP BOOST THEIR BUSINESS, SUCH AS ENHANCING DIGITAL CAPABILITIES, BUILDING OR REVITALIZING THEIR DINING SPACES, AND MAKING OTHER PHYSICAL IMPROVEMENTS. RESTAURANTS MUST ALREADY BE IN OPERATION AND HAVE A BRICK AND MORTAR LOCATION/STOREFRONT TO BE ELIGIBLE. DIGITAL-ONLY BUSINESSES ARE NOT ELIGIBLE (DIGITAL INCLUDES ONLINE AND APPLICATION-BASED BUSINESSES). X X 0 0 0 0 0 0 0 0 0 DAVID DOWNEY EXECUTIVE DIRECTOR 0 261963 0 29896 0 0 0 17512 0 8492 0 317863 0 0 FORM 990, PART VI, SECTION A, LINE 6 NON-PROFIT ORGANIZATION DOWNTOWN ORGANIZATIONS AND OTHER CENTER CITY IMPROVEMENT ORGANIZATIONS INCLUDING, BUT NOT LIMITED TO, PRIVATE NON-PROFIT ORGANIZATIONS, DEVELOPMENT AUTHORITIES, ASSESSMENT AND/OR IMPROVEMENT DISTRICT ORGANIZATIONS, THAT HAVE FULL TIME STAFF AND WHICH ARE NOT GOVERNMENT CLASSIFIED EMPLOYEES, ARE ELIGIBLE FOR MEMBERSHIP IN THIS CATEGORY. PUBLIC AGENCY/STATE, PROVINCIAL, NATIONAL ASSOCIATION PUBLIC AGENCIES, UNITS OF GOVERNMENT, STATE ASSOCIATIONS, AND NON-PROFIT ORGANIZATIONS WHOSE INTERESTS ENCOMPASS DOWNTOWN DEVELOPMENT, BUT ARE NOT EXCLUSIVELY FOCUSED ON THE DOWNTOWN AREA, ARE ELIGIBLE FOR MEMBERSHIP IN THIS CATEGORY. FOR-PROFIT CORPORATE/BUSINESS FOR-PROFIT CORPORATIONS ARE BUSINESSES INVOLVED IN CENTER CITY IMPROVEMENTS ARE ELIGIBLE FOR MEMBERSHIP IN THIS CATEGORY. INDIVIDUALS WHO ARE INVOLVED IN THE CENTER CITY IMPROVEMENT AND WHO DO NOT FALL INTO ANY OF THE OTHER CATEGORIES OF MEMBERSHIP ARE ELIGIBLE TO JOIN AS INDIVIDUAL MEMBERS. ACADEMIC INSTITUTIONS, ACADEMIC INSTITUTIONAL SUBDIVISIONS OR INDIVIDUALS WHOSE PROFESSIONAL ACTIVITY IS IN THE ACADEMIC ARENA AND WHOSE MAJOR AREA OF STUDY OR RESEARCH INVOLVES CENTER CITY IMPROVEMENTS ARE ELIGIBLE FOR ACADEMIC MEMBERSHIP. STUDENT VIRTUAL STUDENTS OR INDIVIDUALS WHO WOULD LIKE TO HAVE ACCESS TO THE MEMBERS-ONLY SECTIONS OF THE IDA WEBSITE AND RECEIVE THE MONTHLY ONLINE NEWSLETTER. STUDENTS ARE ALSO ELIGIBLE FOR DISCOUNTS ON CONFERENCES AND PUBLICATIONS. INTERNATIONAL VIRTUAL - INDIVIDUALS OR ORGANIZATIONS OUTSIDE OF THE UNITED STATES AND CANADA WHO HAVE AN INTEREST IN DOWNTOWN DEVELOPMENT. INTERNATIONAL MEMBERS CAN ACCESS THE "MEMBERS-ONLY" SECTIONS OF THE IDA WEBSITE, AND WILL RECEIVE ON-LINE PUBLICATIONS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP ELECTS THE MEMBERS TO THE BOARD OF DIRECTORS ACCORDING TO BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS MAY ONLY BE AMENDED EITHER BY A MAJORITY VOTE OF THE ASSOCIATION'S MEMBERSHIP PRESENT AT A DULY CALLED MEETING, OR BY WRITTEN BALLOT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY MANAGEMENT. AFTER MANAGEMENT'S REVIEW, A DRAFT IS PROVIDED TO THE BOARD OR ITS AUTHORIZED REPRESENTATIVE FOR FURTHER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES ITS CONFLICT OF INTEREST POLICY BY PERFORMING THE FOLLOWING PROCEDURES: (A) BEFORE BOARD OR COMMITTEE ACTION ON CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. (B) A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. (C) A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD OR COMMITTEE DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSONAL SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. (D) A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. FOR PURPOSES OF THIS PARAGRAPH, A MEMBER OF THE BOARD OF DIRECTORS OF IDA HAS A CONFLICT OF INTEREST WHEN HE OR SHE STANDS FOR ELECTION AS AN OFFICER OR FOR RE-ELECTION AS A MEMBER OF THE BOARD OF DIRECTORS. (E) RESPONSIBLE PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS OF IDA, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE CHAIR OR THE CHAIR'S DESIGNEE ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE RESPONSIBLE PERSON. THE RESPONSIBLE PERSON SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT IDA'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE CHAIR OR THE CHAIR'S DESIGNEE, WHO SHALL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST THAT IS SUBJECT TO THIS POLICY. ADDITIONALLY, THE FOLLOWING REVIEW PROCEDURES ARE CARRIED ON BY EACH RESPONSIBLE INDIVIDUALS TO MONITOR THE CONFLICT OF INTEREST POLICY: (A) EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. (B) EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NOT-FOR-PROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO IDA. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE PRESIDENT, AND COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THE POLICY. (C) THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT IS SUBJECT TO AN ANNUAL REVIEW BY THE CHAIR OF THE BOARD OF DIRECTORS AND REPORTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 A BINDER, WHICH IS KEPT IN THE OFFICE OF THE DIRECTOR OF FINANCE AND ADMINISTRATION, IS AVAILABLE FOR ANY MEMBER TO REVIEW UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. INTERNATIONAL DOWNTOWN ASSOCIATION 275 K STREET NW SUITE 1000 WASHINGTON DC 20005 381817974 MEMBERSHIP AND EVENTS DC 501(C)(6) LINE 10 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 INTERNATIONAL DOWNTOWN ASSOCIATION M 38397 CASH