2024-11-04T13:53:06-06:00 2023-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-01-01 381817974 INTERNATIONAL DOWNTOWN ASSOCIATION INTE 2023936801 1275 K STREET NW 1000 WASHINGTON DC 20005 DAVID DOWNEY PRESIDENT AND CEO 2023936801 2024-11-04 1 0 DAVID W LEMLER CPA CGMA P00378478 3177456411 2024-11-04 2023 2024-10-15 13:58:12Z DAVID DOWNEY 1275 K STREET NW 1000 WASHINGTON DC 20005 3158444 0 X DOWNTOWN.ORG X 1954 IL TO FURTHER THE IMPROVEMENT OF DOWNTOWNS AND THEIR ADJACENT NEIGHBORHOODS. 46 46 11 514 35600 0 968959 140316 1626202 3017935 176 193 1466 0 2596803 3158444 0 0 0 0 1276315 1329321 0 0 0 1109989 1553287 2386304 2882608 210499 275836 2112830 2454114 873496 938944 1239334 1515170 TO FURTHER THE IMPROVEMENT OF DOWNTOWNS AND THEIR ADJACENT NEIGHBORHOODS. 0 0 1357971 CONFERENCES AND MEETINGS - ASSOCIATION PROVIDES A FORUM FOR LECTURE, DISCUSSION, AND EXCHANGE OF IDEAS RELATED TO DOWNTOWN REVITALIZATION AND MANAGEMENT. 351659 POLICY AND RESEARCH - ASSOCIATION WORKS CLOSELY WITH VARIOUS LEVELS OF LOCAL AND REGIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS, DEVELOPERS, REAL ESTATE BROKERS, PRIVATE FIRMS, PHILANTHROPIC FOUNDATIONS, DESTINATION MANAGEMENT ORGANIZATIONS, NON-PROFITS, AND STATE AND FEDERAL GOVERNMENT AGENCIES, WHILE REPRESENTING THE SPECIFIC AND UNIQUE NEEDS, CHALLENGES AND TRENDS OF THE MANAGED PLACE. ADDITIONALLY, ASSOCIATION WORKS TO RECRUIT AND RETAIN BUSINESSES, CONDUCT MARKET RESEARCH, ENCOURAGE A STRONG LOCAL WORKFORCE, MAINTAIN A DIVERSE MIX OF COMMERCIAL AND RESIDENTIAL DEVELOPMENT, AND FACILITATE A BUILT ENVIRONMENT THAT IS ACCESSIBLE FOR ALL USERS TO LIVE, WORK, PLAY, VISIT AND INVEST. 217847 MEMBERSHIP - ASSOCIATION PROVIDES A NETWORK OF COMMITTED ORGANIZATIONS AND INDIVIDUALS TO EXCHANGE KNOWLEDGE AND NURTURE COMMUNITY BUILDING PARTNERSHIPS. DIRECTORIES AND NEWSLETTERS ARE COMPLIMENTARY WITH MEMBERSHIP. 481600 481600 2409077 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 25 0 11 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 X 46 46 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X DAVID DOWNEY 2024389714 1275 K STREET NW SUITE 1000 WASHINGTON DC 20005 DAVID DOWNEY PRESIDENT/CEO 45.00 X 291859 0 26004 ALLISON SHASHOK VP OF MEMBERSHIP 45.00 X 132451 0 7947 CAROLYN DELLUTRI DIRECTOR OF PROFESSIONAL DEVELOPMENT 45.00 X 114776 0 6887 TRACIE CLEMMER DIRECTOR OF CORPORATE RELATIONS 45.00 X 115600 0 6589 KATE BORDERS EXECUTIVE COMMITTEE 1.00 X X 0 0 0 KATE FENSKE EXECUTIVE COMMITTEE 1.00 X X 0 0 0 KEVIN GREEN EXECUTIVE COMMITTEE 1.00 X X 0 0 0 DERRECK HUGHES EXECUTIVE COMMITTEE 1.00 X X 0 0 0 KRISTOPHER LARSON EXECUTIVE COMMITTEE 1.00 X X 0 0 0 KATHLEEN RAWSON EXECUTIVE COMMITTEE 1.00 X X 0 0 0 JON SCHOLES EXECUTIVE COMMITTEE 1.00 X X 0 0 0 NICOLE THOMPSON BOARD MEMBER 1.00 X 0 0 0 LEONA AGOURIDIS BOARD MEMBER 1.00 X 0 0 0 DAWN ALAN BOARD MEMBER 1.00 X 0 0 0 F PHILIP BARASH BOARD MEMBER 1.00 X 0 0 0 DAVON BARBOUR BOARD MEMBER 1.00 X 0 0 0 BJORN BERGMAN BOARD MEMBER 1.00 X 0 0 0 CHRIS BEYNON BOARD MEMBER 1.00 X 0 0 0 JEFF BRAY BOARD MEMBER 1.00 X 0 0 0 BETSY BRENNAN BOARD MEMBER 1.00 X 0 0 0 MARY-CLAIRE BURICK BOARD MEMBER 1.00 X 0 0 0 MICHAEL DEEMER BOARD MEMBER 1.00 X 0 0 0 SHAUN DRINKARD BOARD MEMBER 1.00 X 0 0 0 SUSAN EDMONDSON BOARD MEMBER 1.00 X 0 0 0 KATHLEEN ERIKSEN BOARD MEMBER 1.00 X 0 0 0 TASSO EVANGELINOS BOARD MEMBER 1.00 X 0 0 0 TINE FUCHS BOARD MEMBER 1.00 X 0 0 0 ERIN GOODMAN BOARD MEMBER 1.00 X 0 0 0 JACOB GORDON BOARD MEMBER 1.00 X 0 0 0 JOE GUDENRATH BOARD MEMBER 1.00 X 0 0 0 PREMA GUPTA BOARD MEMBER 1.00 X 0 0 0 GARY HOLMES BOARD MEMBER 1.00 X 0 0 0 JASON ILSTRUP BOARD MEMBER 1.00 X 0 0 0 TENEKA JAMES-FEAMAN BOARD MEMBER 1.00 X 0 0 0 TIM KELLY BOARD MEMBER 1.00 X 0 0 0 TIM KOCUR BOARD MEMBER 1.00 X 0 0 0 BRIAN KURTZ BOARD MEMBER 1.00 X 0 0 0 JESSICA LAPPIN BOARD MEMBER 1.00 X 0 0 0 PAUL MACKINNON BOARD MEMBER 1.00 X 0 0 0 NOLAN MARSHALL BOARD MEMBER 1.00 X 0 0 0 ZACK MATHENY BOARD MEMBER 1.00 X 0 0 0 OJAY MCDONALD BOARD MEMBER 1.00 X 0 0 0 KATHRYN MCKISSICK BOARD MEMBER 1.00 X 0 0 0 ANTHONY MCMILLAN BOARD MEMBER 1.00 X 0 0 0 JENELL MOFFETT BOARD MEMBER 1.00 X 0 0 0 JENNIFER NAKAYAMA BOARD MEMBER 1.00 X 0 0 0 JORDAN POLON BOARD MEMBER 1.00 X 0 0 0 LAURA SIMON BOARD MEMBER 1.00 X 0 0 0 ALEXANDER STETTINSKI BOARD MEMBER 1.00 X 0 0 0 SHELONDA STOKES BOARD MEMBER 1.00 X 0 0 0 654686 0 47427 4 0 1 0 0 140316 140316 FEE INCOME 541900 1549155 1538155 11000 CONFERENCE 541900 861954 837354 24600 MEMBERSHIP DUES 541900 596626 596626 PUBLICATIONS 541900 10200 10200 3017935 193 193 3158444 2982335 35600 193 317863 317863 805421 805421 58837 58837 69314 69314 77886 77886 11250 11250 86558 86558 149406 149406 9088 9088 106539 106539 115716 115716 42180 42180 69296 69296 935073 935073 326 326 17397 17397 10458 10458 2882608 2882608 0 0 67002 234153 1750095 2020288 133466 60514 64004 87893 143505 140088 4755 3417 39005 22946 54503 24903 2112830 2454114 181745 155783 637248 758258 54503 24903 873496 938944 X 939897 1388882 299437 126288 1239334 1515170 2112830 2454114 275836 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 143505 140088 3417 3417 LEASE LIABILITY - OPERATING LEASE 24903 24903 X 3158444 0 3158444 0 3158444 2882608 0 2882608 0 2882608 PART X, LINE 2: IDA IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. IDA 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 IDA TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. IDA 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. IDA'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. IDA'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. X X 0 0 0 DAVID DOWNEY PRESIDENT/CEO 261963 0 29896 0 0 0 17512 0 8492 0 317863 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NON-PROFIT ORGANIZATIONS, 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 FOUNDATION 275 K STREET NW SUITE 1000 WASHINGTON DC 20005 833016953 FUNDRAISING DC 501(C)(3) LINE 10 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 INTERNATIONAL DOWNTOWN ASSOCIATION FOUNDATION L 38397 CASH