2024-03-15T15:08:22-04:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 562095185 RALEIGH CIVIC VENTURES INC RALE 9198321231 333 FAYETTEVILLE STREET SUITE 1150 RALEIGH NC 27601 BILL KING PRESIDENT & CEO 9198321231 2024-03-10 BILL KING 999009999 true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-03-10 2022 2023-04-26 12:10:37Z BILL KING 282195 false X RALEIGHCIVICVENTURES.ORG X 1998 NC TO UNDERTAKE SPECIAL PROJECTS THAT SUPPORT AND COMPLEMENT THE MISSION OF THE DOWNTOWN RALEIGH ALLIANCE AND TO CONTINUE TO REVITALIZE RALEIGH'S DOWNTOWN DISTRICT 9 8 0 8 0 181177 163200 58574 118923 72 0 239751 282195 0 0 0 0 0 239442 229243 239442 229243 309 52952 262650 320637 127379 132414 135271 188223 TO UNDERTAKE SPECIAL PROJECTS THAT SUPPORT AND COMPLEMENT THE MISSION OF THE DOWNTOWN RALEIGH ALLIANCE AND TO CONTINUE TO REVITALIZE RALEIGH'S DOWNTOWN DISTRICT false false 194807 118923 THE PRIMARY GOAL OF THE SPECIAL PROGRAMS AND EVENTS SERVICE IS TO CREATE MEMORABLE EXPERIENCES FOR VISITORS, RESIDENTS AND WORKERS IN DOWNTOWN RALEIGH. OUTDOOR EVENTS ACTIVATED PUBLIC SPACES WITH OVER 3,500 ATTENDEES IN FY-23. THE ANNUAL RALEIGH TREE LIGHTING, FEATURED MUSIC, SANTA FOR THE KIDS, FOOD TRUCKS, LOCAL BUSINESS VENDORS AS WELL AS A VISIT FROM RALEIGH'S MAYOR. THE DOWNTOWN BANNER AND FLAG PROGRAM ALSO PROVIDES VISUAL ENHANCEMENT ALONG RALEIGH'S STREETSCAPE. 194807 true true false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 12 0 false 0 false false false false false false false false X 9 8 false true false false false false false true true false false true true true false false true true false false NC X LIZ MARTINI 9198216973 333 FAYETTEVILLE ST SUITE 1150 RALEIGH NC 27601 BILL KING PRESIDENT & 1.00 X 0 189712 0 BO DEMPSTER LEGAL COUNSE 1.00 X 0 0 0 ALLYSON DICKENS AT LARGE-MEM 1.00 X 0 0 0 PAULETTE DILLARD VICE-CHAIR 1.00 X X 0 0 0 VALERIE FIELDS TREASURER 1.00 X X 0 0 0 SKIP HILL AT-LARGE MEM 1.00 X 0 0 0 DAVID MEEKER CHAIR ELECT 1.00 X 0 0 0 BRIAN RALPH CHAIRMAN 1.00 X 0 0 0 DOUG WARF SECRETARY 1.00 X X 0 0 0 189712 false true false 93000 70200 163200 BANNERS 711300 113752 113752 TREE LIGHTING PROGRAM 900099 5171 5171 118923 72 72 282195 118923 72 436 436 34000 34000 6137 6137 BANNERS/FLAGS EXPENSE 109420 109420 EVENTS EXPENSE 51277 51277 ARPA-MAIN ST. PROGRAM 21875 21875 OTHER EXPENSES 3000 3000 3098 3098 229243 194807 34436 0 212112 293675 10441 10514 31426 13913 55303 52768 8671 2535 262650 320637 100158 31911 27221 100503 127379 132414 X 135271 188223 135271 188223 262650 320637 X 52952 X false true X true false X X 1 DOWNTOWN RALEIGH ALLIANCE 561994005 6 true 34000 0 1 34000 0 true false true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PAYABLE DUE TO DRA 100503 100503 155195 -34000 -34000 189195 93000 93000 282195 102243 -93000 -93000 195243 34000 34000 229243 SCHEDULE D, PAGE 4, PART XI, LINE 2D 990 EXPENSE LISTED AS NEGATIVE REVENUE ON FINANCIALS -34,000 SCHEDULE D, PAGE 4, PART XI, LINE 4B REPORTED AS NEGATIVE EXPENSE ON FINANCIALS 93,000 SCHEDULE D, PAGE 4, PART XII, LINE 2D REPORETED AS NEGATIVE REVENUE ON FINANCIALS -93,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B REPORTED AS NEGAITVE REVENUE ON FINANCIALS 34,000 false false false false false false false false false BILL KING PRESIDENT & CEO 189712 189712 FORM 990, PAGE 6, PART VI, LINE 3 AS INDICATED ELSEWHERE IN THIS FORM 990, THE BOARD OF DIRECTORS OF RALEIGH CIVIC VENTURES(RCV) DELEGATED CONTROL OVER MANAGEMENT DUTIES TO ITS AFFILIATE ORGANIZATION DOWNTOWN RALEIGH ALLIANCE(DTRA), WITH WHOM THEY SHARE OFFICE SPACE AND PAID EMPLOYEES. DTRA CHARGES A MANAGEMENT FEE TO RCV PER A MANAGEMENT AGREEMENT BETWEEN THE TWO COMPANIES, TERMS OF WHICH ARE INTENDED TO ENSURE ARMS-LENGTH CONSIDERATION IS EXCHANGED BETWEEN THE ENTITIES FOR SERVICES RENDERED. HOWEVER, AT ITS DISCRETION, MTRA MAY DECREASE THE AMOUNT BILLED IN ACCORDANCE WITH CASH FLOW RESTRAINTS. 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 15A RALEIGH CIVIC VENTURES (RCV) PAYS NO DIRECT COMPENSATION AS INDICATED ON PART VII. HOWEVER, COMPENSATION ELEMENTS INCLUDED IN THE INTERCOMPANY MANAGEMENT FEE WITH ITS AFFILIATED ORGANIZATION AS CROSS-REFERENCED TO THE DISCLOSURE UNDER PART VI, LINE 3 ARE SUBJECT TO THE APPROPRIATE COMPENSATION POLICY MAINTAINED BY IT AFFILIATE DTRA. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 990 EXPENSE LISTED AS NEGATIVE REVENUE ON FINANCIALS -34,000 REPORTED AS NEGATIVE EXPENSE ON FINANCIALS -93,000 REPORETED AS NEGATIVE REVENUE ON FINANCIALS 93,000 REPORTED AS NEGAITVE REVENUE ON FINANCIALS 34,000 DOWNTOWN RALEIGH ALLIANCE 333 FAYETTEVILLE STREET SUITE 1150 RALEIGH NC 27601 561994005 RVTLZATION NC 501C6 NA false false false true false false false false false false false false false false true true false false false false DOWNTOWN RALEIGH ALLIANCE N 34000 MANAGEMENT AGREEMENT DOWNTOWN RALEIGH ALLIANCE E 100503 MANAGEMENT AGREEMENT DOWNTOWN RALEIGH ALLIANCE S 93000 ACTUAL 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.