2024-05-13T17:04:53-04:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 561994005 DOWNTOWN RALEIGH ALLIANCE INC DOWN 9195321231 333 FAYETTEVILLE STREET SUITE 1150 RALEIGH NC 27601 BILL KING PRESIDENT AND CEO 9195321231 2024-05-13 BILL KING 999009999 true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-05-13 2022 2023-04-26 12:10:37Z BILL KING 3074121 false X WWW.DOWNTOWNRALEIGH.ORG X 1996 NC ADVANCING THE VITALITY OF DOWNTOWN RALEIGH FOR EVERYONE. 37 37 19 8 0 550715 234713 1777012 2831613 103 3881 116238 3914 2444068 3074121 49500 41151 0 917539 1125892 0 0 1406351 1718133 2373390 2885176 70678 188945 1180214 1726101 157778 528479 1022436 1197622 X ADVANCING THE VITALITY OF DOWNTOWN RALEIGH FOR EVERYONE. false false 1131653 2669129 THE DOWNTOWN RALEIGH COMMUNITY ENGAGEMENT, SAFETY, AND SOCIAL SERVICES OUTREACH PROGRAM FOSTERS A WELCOMING AND SAFE ENVIRONMENT IN DOWNTOWN THROUGH THE EFFORTS OF 16 AMBASSADORS, AS OF JUNE 30, 2023, WHO PATROL THE PUBLIC REALM WITHIN THE MUNICIPAL SERVICES DISTRICT SEVEN DAYS A WEEK. THE SAFETY AMBASSADORS ALSO PROVIDE A STRONG, UNIFORMED PRESENCE ELEVATING A SENSE OF SAFETY WITH THEIR PATROLS OF THE MUNICIPAL-OWNED PARKING DECKS AND LOTS. CLAD IN HIGHLY VISIBLE, BLUE UNIFORMS AND EQUIPPED WITH HAND-HELD RADIOS, THE AMBASSADORS SERVE AS SUPPLEMENTARY "EYES AND EARS" FOR THE DOWNTOWN DIVISION OF THE RALEIGH POLICE DEPARTMENT. IN ADDITION, THE AMBASSADOR TEAM CONTINUES TO INCREASE INTERACTIONS WITH THE COMMUNITY BY PROVIDING ONGOING INFORMATIONAL AND SAFETY PRESENTATIONS FOR BUSINESSES AND STAKEHOLDER GROUPS, PREPARING NEW EMPLOYEES MOVING INTO DOWNTOWN RALEIGH, AND THROUGH MONTHLY MEETINGS WITH THE RALEIGH POLICE DISTRICT CAPTAIN TO STRATEGIZE WAYS TO LOWER CRIME. IN FY23, THE DOWNTOWN AMBASSADORS PROVIDED THE FOLLOWING NUMBER OF BUSINESS AND HOT SPOT CHECKS, SAFE WALKS, HOSPITALITY ASSISTANCE INCLUDING DINING RECOMMENDATIONS, DIRECTIONS, AND MOTORIST ASSISTANCE: -BUSINESS CHECK-INS: 7,980 -HOT SPOT CHECKS: 14,131 -SAFE WALKS: 487 -HOSPITALITY: 301 -DIRECTIONS: 740 -MOTORIST ASSISTS: 100 -SAFETY AMBASSADORS DECK PATROLS: 12,958 LOGGED PATROLS OF THE MUNICIPAL- OWNED PARKING DECKS AND LOTS. 760115 41151 108450 THE PRIMARY GOALS OF STOREFRONT DEVELOPMENT PROGRAM ARE TO CONTRIBUTE TO DOWNTOWN RALEIGH'S ECONOMIC SUCCESS BY ATTRACTING NEW BUSINESSES TO VACANT STOREFRONTS, PROVIDE MARKET DATA TO ATTRACT NEW INVESTMENT AND EMPLOYERS, AND PROVIDE NEW OPPORTUNITIES AND RESOURCES TO DIVERSE SET OF BUSINESSES AND ENTREPRENEURS. DRA MONITORS SIX PEDESTRIAN COUNTERS IN DOWNTOWN TO MEASURE FOOT TRAFFIC TO HELP ATTRACT TENANTS AND AID LAND USE DECISIONS. DRA CONTINUED ITS UPFIT GRANT WITH THE GOAL OF CREATING AN INCENTIVE TO ATTRACT NEW RETAIL OR AID IN THE EXPANSION OF EXISTING RETAIL IN DOWNTOWN RALEIGH. DRA AWARDED 8 GRANTS IN FY-23, TOTALING 56,150. IN PARTNERSHIP WITH THE CITY OF RALEIGH'S ECONOMIC DEVELOPMENT OFFICE AND THE PLANNING DEPARTMENT, OUR ECONOMIC DEVELOPMENT STAFF ACTIVELY WORKS WITH RETAIL BROKERS AND LANDLORDS TO FILL STOREFRONT SPACES IN DOWNTOWN. IN FY- 23, 53 NEW STOREFRONT BUSINESSES OPENED, ADDING NEW JOBS AND EXPANDING TAX REVENUES. DRA CONTINUED ITS PARTNERSHIP WITH WAKE TECH TO PROVIDE POP-UP SPACE FOR MINORITY- AND WOMEN-OWNED RETAIL BUSINESSES. DRA ALSO HELD FIVE (5) SMALL BUSINESS WORKSHOPS, INCLUDING ONE (1) WORKSHOP FOCUSED SPECIFICALLY ON MINORITY- AND WOMEN-OWNED BUSINESS SUPPORT. THE ECONOMIC DATA AND ANALYSIS TRACKING EACH YEAR IS THEN TRANSLATED INTO DRA'S STATE OF DOWNTOWN REPORT. THE REPORT INCLUDES MARKET TRENDS, POPULATION DATA AND PROJECTIONS, DATA ON DOWNTOWN DEVELOPMENT, AND OVERVIEWS OF EVERYTHING DOWNTOWN. THE REPORT COMPLIMENTS OUR STATE OF DOWNTOWN ANNUAL EVENT, ATTENDED BY OVER 500 OF DOWNTOWN'S TOP BUSINESS LEADERS AND MEMBERS OF THE COMMUNITY. DRA'S MARKETING PLATFORM SERVES TO ENGAGE OUR STAKEHOLDERS, INFLUENCERS, AND THE PUBLIC TO HEIGHTEN VISIBILITY OF OUR ORGANIZATION AND RECOGNIZE DOWNTOWN AS A VIBRANT AND VITAL URBAN CENTER. THE ALLIANCE PRODUCES 15 COMMUNICATION CAMPAIGNS AND 14 STAND-ALONE PROGRAM WEBSITES. THE WE ARE DOWNTOWN VIDEO SERIES, WHICH HIGHLIGHTED OVER A DOZEN SMALL BUSINESSES AND THEIR OWNERS, SERVED TO CONNECT RALEIGH'S COMMUNITY AS THE COVID-19 PANDEMIC GREW. DRA'S ANNUAL RESTAURANT WEEK, IG LIVE, AND SHOP LOCAL CAMPAIGNS SERVED AS FURTHER OUTREACH. IN ADDITION, THE ORGANIZATION HAS ATTRACTED CLOSE TO 192,000 FOLLOWERS THROUGH ITS FACEBOOK, TWITTER, INSTAGRAM, AND LINKEDIN ACCOUNTS FOR ORGANIZATIONAL AND INDIVIDUAL PROGRAM ACCOUNTS. THE DOWNTOWN APP WAS DOWNLOADED BY 1,006 INDIVIDUALS. THE DRA EVENTS CALENDAR AVERAGED 3,000 PAGE VIEWS PER MONTH DUE TO THE IMPACTS OF COVID-19 AND ASSOCIATED QUARANTINE PHASE. OVER 200 BUSINESSES WERE PROMOTED THROUGH DRA'S COMMUNICATIONS CHANNELS INCLUDING SOCIAL MEDIA ACCOUNTS AND NEWSLETTERS WITH A COMBINED MORE THAN 15,000 SUBSCRIBERS. DRA'S NEWSLETTER AVERAGE OPEN RATE IS HIGHER THAN THE INDUSTRY AVERAGE AT 22%. DRA ALSO BEGAN IMPLEMENTATION OF A ROBUST UPDATE OF THE WEBSITE DEVOTED TO COVID-19 RESOURCES. THESE RANGED FROM A COMPREHENSIVE LISTING OF RESTAURANT STATUS UPDATES, CURBSIDE PICKUP ZONES, HOW TO HELP, SMALL BUSINESS SUPPORT INFORMATION AND SMALL BUSINESS RESOURCES. 467837 54034 THE BALANCED ACTIVATIONS PROGRAM SERVES AS THE FACE OF THE ORGANIZATION TO THE COMMUNITY. IN FY-23, DOWNTOWN RALEIGH ALLIANCE HOSTED 41 OUTDOOR EVENTS ATTRACTING 50,000 ATTENDEES. MOORE SQUARE MARKET IS A 20- WEEK MARKET SERIES HELD EACH SUNDAY AT MOORE SQUARE TO ENHANCE THE QUALITY OF LIFE FOR DOWNTOWN RESIDENTS AND THE COMMUNITY AT LARGE, AND OFFERS EBT BENEFITS FOR THOSE IN NEED TO BE ABLE TO SHOP AND PURCHASE FRESH FOOD. DURING THIS FISCAL YEAR, MOORE SQUARE MARKET SAW AN INCREASE IN CUSTOMERS AND VENDORS. OTHER ACTIVATIONS AROUND DOWNTOWN, SUCH AS THE FLANNELS & FROST, AND FIRST FRIDAYS DREW HEIGHTENED ATTENTION AND INTEREST AMONG THE COMMUNITY. 466563 THE BEAUTIFICATION AND CONNECTIVITY PROGRAM PROVIDES PUBLIC ART AND BEAUTIFICATION PROJECTS SUCH AS MURALS, ALONG WITH INITIATIVES TO IMPROVE ACCESSIBILITY AND CONNECTIVITY IN DOWNTOWN, RELATED TO BICYCLE, PEDESTRIAN AND PARKING INFRASTRUCTURE. IN FY-23, DRA ALSO ADDED 1 MURAL TO BEAUTIFY AREAS THROUGHOUT DOWNTOWN. DRA ALSO PROVIDED COMMUNITY MEETINGS AND SUPPORT FOR IMPROVEMENTS IN ACCESSIBILITY, CHANGES TO DOWNTOWN PARKING AND ADVOCACY FOR NEW BIKE LANES IN DOWNTOWN. THE PRIMARY GOAL OF THE ADVOCACY & SUSTAINABILITY PROGRAM IS TO BRING TOGETHER OVER 2,000 STAKEHOLDERS AND MEMBERS THAT SUPPORT DRA'S MUNICIPAL SERVICES DISTRICT TO COLLABORATE FOR THE BENEFIT OF THE CITY. DRA BRINGS THESE GROUPS TOGETHER THROUGH TOWN HALL MEETINGS, LARGE CORPORATE EVENTS, AND BY PROVIDING STRATEGIC RESOURCES TO ENCOURAGE GROWTH IN DOWNTOWN RALEIGH. DRA HELD 4 VIRTUAL TOWN HALLS CALLED DOWNTOWN RUNDOWNS. 466563 2826168 false true false true false false false false false true false false true true false false true false false false false false false false false false true false true false false false false false false false false false false false true false false true 55 0 19 true false false false false false false false false X 37 37 false false false false false false false true true false false true true true true true true true false false NC X SAM BROMLEY 9198216973 333 FAYETTEVILLE ST SUITE 1150 RALEIGH NC 27601 BILL KING PRESIDENT AN 40.00 X X 189712 0 0 DEMPSTER JOSEPH BO LEGAL COUNSE 1.00 X 0 0 0 HILL THOMAS SKIP DIRECTOR 1.00 X 0 0 0 COLE ADRIENNE EX-OFFICIO C 1.00 X 0 0 0 DICKENS ALLYSON TREASURER 1.00 X X 0 0 0 O'HAVER BRIAN DIRECTOR 1.00 X 0 0 0 RALPH BRIAN CHAIR 1.00 X 0 0 0 THOMAS BRITT DIRECTOR 1.00 X 0 0 0 HUMPHREY BUTCH CHAIR-ELECT/ 1.00 X 0 0 0 JONES CARLY DIRECTOR 1.00 X 0 0 0 IBARRA CHARLIE DIRECTOR 1.00 X 0 0 0 BUDNICK CHRIS DIRECTOR 1.00 X 0 0 0 ELLIS DAVID EX-OFFICIO W 1.00 X 0 0 0 MEEKER DAVID VICE CHAIR/C 1.00 X X 0 0 0 EDWARDS DENNY EX-OFFICIO G 1.00 X 0 0 0 WARF DOUG AT-LARGE 1.00 X X 0 0 0 FAUSCH EMILY DIRECTOR 1.00 X 0 0 0 RALEIGH EVAN EX-OFFICIO C 1.00 X 0 0 0 COWELL JANET EX-OFFICIO D 1.00 X 0 0 0 WIDEN JASON DIRECTOR 1.00 X 0 0 0 HACKETT JOHNNY DIRECTOR 1.00 X 0 0 0 MILLER LARRY DIRECTOR 1.00 X 0 0 0 KANE MAGGIE DIRECTOR 1.00 X 0 0 0 CLAYTON MARTY DIRECTOR 1.00 X 0 0 0 BALDWIN MARY-ANN EX-OFFICIO C 1.00 X 0 0 0 LILLEY MATT DIRECTOR 1.00 X 0 0 0 MUNN MICHAEL DIRECTOR 1.00 X 0 0 0 SMITH MIKE DIRECTOR 1.00 X 0 0 0 BARNES MONICA DIRECTOR 1.00 X 0 0 0 DILLARD PAULETTE SECRETARY 1.00 X X 0 0 0 BYERS PETE DIRECTOR 1.00 X 0 0 0 LAWSON ROBBY DIRECTOR 1.00 X 0 0 0 MCLAURIN TIA DIRECTOR 1.00 X 0 0 0 BARRIER TIFFANY DIRECTOR 1.00 X 0 0 0 FIELDS VALERIE AT-LARGE 1.00 X 0 0 0 HOLMES YVETTE DIRECTOR 1.00 X 0 0 0 VUNCANNON ZAC DIRECTOR 1.00 X 0 0 0 189712 1 false true false STREETPLUS COMPANY LLC 154 CONOVER STREET BROOKLYN NY 11231 661618 333 VENTURES LLC 333 FAYETTEVILLE STREET SUITE 100 RALEIGH NC 27601 114844 2 1830 34000 60000 138883 234713 PROPERTY ASSESSMENT 531390 2155755 2155755 PARKING CONTRACT 812930 488012 488012 ECONOMIC DEVELOPMENT 561499 108450 108450 ARTS & SPECIAL EVENTS 713990 54034 54034 SOCIAL SERVICES AMBASSADOR 624200 25362 25362 2831613 3881 3881 OTHER 900099 3914 3914 3914 3074121 2835527 3881 41151 41151 189712 189712 794437 794437 70121 70121 71622 71622 11596 11596 35536 35536 155775 155775 11876 11876 18704 18704 175526 175526 29733 29733 22606 22606 9082 9082 AMBASSADOR PROGRAM 753113 753113 SPECIAL PROGRAMS 404699 404699 DATA FEES 25304 25304 CARES ACT FUNDING - ERTC 18014 18014 46569 46569 2885176 2826168 59008 0 178261 130763 722041 1024562 143000 21573 22022 12168 340315 269977 77695 70338 37195 466697 1180214 1726101 93645 94296 24180 26250 39953 407933 157778 528479 X 1022436 1197622 1022436 1197622 1180214 1726101 X 188945 -13759 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 57811 57811 282504 269977 12527 70338 RIGHT OF USE LEASE ASSET 356220 DTRA DUETO/FROM RCV 100503 SECURITY DEPOSITS 9974 466697 LEASE LIABILITY 369979 CREDIT CARDS PAYABLE 28610 RETIREMNT PAYABLE 5227 FSA PAYABLE 4117 407933 3056107 -18014 -18014 3074121 3074121 2880921 187997 187997 2692924 192252 192252 2885176 SCHEDULE D, PAGE 4, PART XI, LINE 2D ERTC REPAYMENT REPORTED AS REVENUE -18,014 SCHEDULE D, PAGE 4, PART XII, LINE 2D ASC 842 LEASE AMORTIZATION 177,757 ASC 842 LEASE INTEREST 10,240 SCHEDULE D, PAGE 4, PART XII, LINE 4B RENT EXPENSE 174,238 CARES ACT REPAYMENT 18,014 false UNORTHODOX VINTAGE 206 S WILMINGTON STREET RALEIGH NC 27601 150967395 7500 STORE FRONT UPFIT DECREE COMPANY 2405 PAULA STREET RALEIGH NC 27608 843485016 7500 STORE FRONT UPFIT SUGAR EUPHORIA 52 LARSON COURT CLAYTON NC 27520 460766813 7500 STORE FRONT UPFIT false false false BILL KING PRESIDENT AND CEO 189712 189712 FORM 990, PAGE 2, PART III, LINE 4A THE DOWNTOWN RALEIGH COMMUNITY ENGAGEMENT, SAFETY, AND SOCIAL SERVICES OUTREACH PROGRAM FOSTERS A WELCOMING AND SAFE ENVIRONMENT IN DOWNTOWN THROUGH THE EFFORTS OF 16 AMBASSADORS, AS OF JUNE 30, 2023, WHO PATROL THE PUBLIC REALM WITHIN THE MUNICIPAL SERVICES DISTRICT SEVEN DAYS A WEEK. THE SAFETY AMBASSADORS ALSO PROVIDE A STRONG, UNIFORMED PRESENCE ELEVATING A SENSE OF SAFETY WITH THEIR PATROLS OF THE MUNICIPAL-OWNED PARKING DECKS AND LOTS. CLAD IN HIGHLY VISIBLE, BLUE UNIFORMS AND EQUIPPED WITH HAND-HELD RADIOS, THE AMBASSADORS SERVE AS SUPPLEMENTARY "EYES AND EARS" FOR THE DOWNTOWN DIVISION OF THE RALEIGH POLICE DEPARTMENT. IN ADDITION, THE AMBASSADOR TEAM CONTINUES TO INCREASE INTERACTIONS WITH THE COMMUNITY BY PROVIDING ONGOING INFORMATIONAL AND SAFETY PRESENTATIONS FOR BUSINESSES AND STAKEHOLDER GROUPS, PREPARING NEW EMPLOYEES MOVING INTO DOWNTOWN RALEIGH, AND THROUGH MONTHLY MEETINGS WITH THE RALEIGH POLICE DISTRICT CAPTAIN TO STRATEGIZE WAYS TO LOWER CRIME. IN FY23, THE DOWNTOWN AMBASSADORS PROVIDED THE FOLLOWING NUMBER OF BUSINESS AND HOT SPOT CHECKS, SAFE WALKS, HOSPITALITY ASSISTANCE INCLUDING DINING RECOMMENDATIONS, DIRECTIONS, AND MOTORIST ASSISTANCE: -BUSINESS CHECK-INS: 7,980 -HOT SPOT CHECKS: 14,131 -SAFE WALKS: 487 -HOSPITALITY: 301 -DIRECTIONS: 740 -MOTORIST ASSISTS: 100 -SAFETY AMBASSADORS DECK PATROLS: 12,958 LOGGED PATROLS OF THE MUNICIPAL- OWNED PARKING DECKS AND LOTS. FORM 990, PAGE 2, PART III, LINE 4B THE PRIMARY GOALS OF STOREFRONT DEVELOPMENT PROGRAM ARE TO CONTRIBUTE TO DOWNTOWN RALEIGH'S ECONOMIC SUCCESS BY ATTRACTING NEW BUSINESSES TO VACANT STOREFRONTS, PROVIDE MARKET DATA TO ATTRACT NEW INVESTMENT AND EMPLOYERS, AND PROVIDE NEW OPPORTUNITIES AND RESOURCES TO DIVERSE SET OF BUSINESSES AND ENTREPRENEURS. DRA MONITORS SIX PEDESTRIAN COUNTERS IN DOWNTOWN TO MEASURE FOOT TRAFFIC TO HELP ATTRACT TENANTS AND AID LAND USE DECISIONS. DRA CONTINUED ITS UPFIT GRANT WITH THE GOAL OF CREATING AN INCENTIVE TO ATTRACT NEW RETAIL OR AID IN THE EXPANSION OF EXISTING RETAIL IN DOWNTOWN RALEIGH. DRA AWARDED 8 GRANTS IN FY-23, TOTALING 56,150. IN PARTNERSHIP WITH THE CITY OF RALEIGH'S ECONOMIC DEVELOPMENT OFFICE AND THE PLANNING DEPARTMENT, OUR ECONOMIC DEVELOPMENT STAFF ACTIVELY WORKS WITH RETAIL BROKERS AND LANDLORDS TO FILL STOREFRONT SPACES IN DOWNTOWN. IN FY- 23, 53 NEW STOREFRONT BUSINESSES OPENED, ADDING NEW JOBS AND EXPANDING TAX REVENUES. DRA CONTINUED ITS PARTNERSHIP WITH WAKE TECH TO PROVIDE POP-UP SPACE FOR MINORITY- AND WOMEN-OWNED RETAIL BUSINESSES. DRA ALSO HELD FIVE (5) SMALL BUSINESS WORKSHOPS, INCLUDING ONE (1) WORKSHOP FOCUSED SPECIFICALLY ON MINORITY- AND WOMEN-OWNED BUSINESS SUPPORT. THE ECONOMIC DATA AND ANALYSIS TRACKING EACH YEAR IS THEN TRANSLATED INTO DRA'S STATE OF DOWNTOWN REPORT. THE REPORT INCLUDES MARKET TRENDS, POPULATION DATA AND PROJECTIONS, DATA ON DOWNTOWN DEVELOPMENT, AND OVERVIEWS OF EVERYTHING DOWNTOWN. THE REPORT COMPLIMENTS OUR STATE OF DOWNTOWN ANNUAL EVENT, ATTENDED BY OVER 500 OF DOWNTOWN'S TOP BUSINESS LEADERS AND MEMBERS OF THE COMMUNITY. DRA'S MARKETING PLATFORM SERVES TO ENGAGE OUR STAKEHOLDERS, INFLUENCERS, AND THE PUBLIC TO HEIGHTEN VISIBILITY OF OUR ORGANIZATION AND RECOGNIZE DOWNTOWN AS A VIBRANT AND VITAL URBAN CENTER. THE ALLIANCE PRODUCES 15 COMMUNICATION CAMPAIGNS AND 14 STAND-ALONE PROGRAM WEBSITES. THE WE ARE DOWNTOWN VIDEO SERIES, WHICH HIGHLIGHTED OVER A DOZEN SMALL BUSINESSES AND THEIR OWNERS, SERVED TO CONNECT RALEIGH'S COMMUNITY AS THE COVID-19 PANDEMIC GREW. DRA'S ANNUAL RESTAURANT WEEK, IG LIVE, AND SHOP LOCAL CAMPAIGNS SERVED AS FURTHER OUTREACH. IN ADDITION, THE ORGANIZATION HAS ATTRACTED CLOSE TO 192,000 FOLLOWERS THROUGH ITS FACEBOOK, TWITTER, INSTAGRAM, AND LINKEDIN ACCOUNTS FOR ORGANIZATIONAL AND INDIVIDUAL PROGRAM ACCOUNTS. THE DOWNTOWN APP WAS DOWNLOADED BY 1,006 INDIVIDUALS. THE DRA EVENTS CALENDAR AVERAGED 3,000 PAGE VIEWS PER MONTH DUE TO THE IMPACTS OF COVID-19 AND ASSOCIATED QUARANTINE PHASE. OVER 200 BUSINESSES WERE PROMOTED THROUGH DRA'S COMMUNICATIONS CHANNELS INCLUDING SOCIAL MEDIA ACCOUNTS AND NEWSLETTERS WITH A COMBINED MORE THAN 15,000 SUBSCRIBERS. DRA'S NEWSLETTER AVERAGE OPEN RATE IS HIGHER THAN THE INDUSTRY AVERAGE AT 22%. DRA ALSO BEGAN IMPLEMENTATION OF A ROBUST UPDATE OF THE WEBSITE DEVOTED TO COVID-19 RESOURCES. THESE RANGED FROM A COMPREHENSIVE LISTING OF RESTAURANT STATUS UPDATES, CURBSIDE PICKUP ZONES, HOW TO HELP, SMALL BUSINESS SUPPORT INFORMATION AND SMALL BUSINESS RESOURCES. FORM 990, PAGE 2, PART III, LINE 4D THE BEAUTIFICATION AND CONNECTIVITY PROGRAM PROVIDES PUBLIC ART AND BEAUTIFICATION PROJECTS SUCH AS MURALS, ALONG WITH INITIATIVES TO IMPROVE ACCESSIBILITY AND CONNECTIVITY IN DOWNTOWN, RELATED TO BICYCLE, PEDESTRIAN AND PARKING INFRASTRUCTURE. IN FY-23, DRA ALSO ADDED 1 MURAL TO BEAUTIFY AREAS THROUGHOUT DOWNTOWN. DRA ALSO PROVIDED COMMUNITY MEETINGS AND SUPPORT FOR IMPROVEMENTS IN ACCESSIBILITY, CHANGES TO DOWNTOWN PARKING AND ADVOCACY FOR NEW BIKE LANES IN DOWNTOWN. THE PRIMARY GOAL OF THE ADVOCACY & SUSTAINABILITY PROGRAM IS TO BRING TOGETHER OVER 2,000 STAKEHOLDERS AND MEMBERS THAT SUPPORT DRA'S MUNICIPAL SERVICES DISTRICT TO COLLABORATE FOR THE BENEFIT OF THE CITY. DRA BRINGS THESE GROUPS TOGETHER THROUGH TOWN HALL MEETINGS, LARGE CORPORATE EVENTS, AND BY PROVIDING STRATEGIC RESOURCES TO ENCOURAGE GROWTH IN DOWNTOWN RALEIGH. DRA HELD 4 VIRTUAL TOWN HALLS CALLED DOWNTOWN RUNDOWNS. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE MANAGER, PRESIDENT/CEO, AND CHAIRMAN OF THE BOARD WILL REVIEW THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS WITH A FOLLOW-UP PROVIDED TO THE BOARD FOLLOWING THE EXECUTIVE REVIEW. ANY RELEVANT INQUIRIES ARE MADE TO THE ORGANIZATION'S EXTERNAL CPA FIRM TO RESOLVE. FORM 990, PAGE 6, PART VI, LINE 12C ANY DIRECTOR, OFFICER, OR EMPLOYEE OF THE DOWNTOWN RALEIGH ALLIANCE WHO HAS, OR WHOSE RELATIVE HAS, A SUBSTANTIAL INTEREST IN ANY CONTRACT SALE, PURCHASE OR SERVICE TO THE DOWNTOWN RALEIGH ALLIANCE SHALL MAKE KNOWN THAT INTEREST TO THE BOARD OF DIRECTORS PRIOR TO ANY ACTION OR APPROVAL WITH RESPECT TO SUCH CONTRACT, SALE, PURCHASE OR SERVICE. ANY DIRECTOR WHO HAS SUCH AN INTEREST, AND ANY DIRECTOR HAVING A RELATIVE HAVING SUCH AN INTEREST, SHALL REFRAIN FROM VOTING UPON OR OTHERWISE PARTICIPATING IN SUCH TRANSACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION HAS A COMPENSATION COMMITTE WHICH REVIEWS CEO PERFORMANCE ANNUALLY. THE COMMITTE CONSISTS OF THE CURRENT BOARD CHAIR, THE IMMEDIATE PAST CHAIR, AND THE INCOMING CHAIR. THE COMMITTEE HAS SUPPLEMENTED THEIR REVIEW BY REFERENCING THE CEO'S SALARY SURVEY CREATED BY THE INTERNATIONAL DOWNTOWN ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 ERTC REPAYMENT REPORTED AS REVENUE -18,014 ASC 842 LEASE AMORTIZATION -177,757 ASC 842 LEASE INTEREST -10,240 RENT EXPENSE 174,238 CARES ACT REPAYMENT 18,014 TOTAL -13,759 RALEIGH CIVIC VENTURES INC 333 FAYETTEVILLE ST SUITE 1150 RALEIGH NC 27601 562095185 PUB CHARIT NC 501C3 7 N/A false false false true false false false false false false false false false false true true false false false false RALEIGH CIVIC VENTURES O 34000 MANAGEMENT CONTRACT RALEIGH CIVIC VENTURES D 100503 OUTSTANDING A/R RALEIGH CIVIC VENTURES B 93000 ACTUAL AMOUNT SCHEDULE R THE TOTAL AMOUNT BILLED FOR THE MANAGEMENT AGREEMENT BETWEEN RALEIGH CIVIC VENTURES (RCV) AND DOWNTOWN RALEIGH ALLIANCE (DRA) FOR THE YEAR ENDED JUNE 30, 2023 WAS 34,000. THIS AMOUNT WAS FOR THE SHARING OF OFFICE SPACE AND PAID EMPLOYEES AS DISCLOSED ABOVE. RCV IS A TYPE II SUPPORTING ORGANIZATION FOR DRA. DURING THE YEAR ENDED JUNE 30, 2023, RCV TRANSFERRED 93,000 IN DONATIONS TO DRA TO SUPPORT THE ORGANIZATION AND ITS MISSION.