2025-03-31T18:06:10-05:00 2024-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-07-01 561994005 DOWNTOWN RALEIGH ALLIANCE INC DOWN 9195321231 333 FAYETTEVILLE STREET SUITE 1150 RALEIGH NC 27601 BILL KING PRESIDENT & CEO 9195321231 2025-02-24 1 1 REBECCA FISHER P01690017 7044993893 2025-02-24 2023 2025-03-06 01:10:19Z BILL KING 333 FAYETTEVILLE STREET SUITE 1150 RALEIGH NC 27601 3393530 0 X WWW.DOWNTOWNRALEIGH.ORG X 1996 NC ADVANCING THE VITALITY OF DOWNTOWN RALEIGH FOR EVERYONE. 36 35 17 35 0 0 234713 343886 2831613 3044517 3881 5127 3914 0 3074121 3393530 41151 78852 0 0 1125892 1280875 0 0 0 1718133 2026453 2885176 3386180 188945 7350 1726101 1810181 528479 605209 1197622 1204972 X ADVANCING THE VITALITY OF DOWNTOWN RALEIGH FOR EVERYONE. 0 0 1405862 2884056 THE DOWNTOWN RALEIGH COMMUNITY ENGAGEMENT, SAFETY, AND SOCIAL SERVICES OUTREACH PROGRAM FOSTERS A WELCOMING AND SAFE ENVIRONMENT IN DOWNTOWN THROUGH THE EFFORTS OF 14 AMBASSADORS, AS OF JUNE 30, 2024, WHO PATROL THE PUBLIC REALM WITHIN THE MUNICIPAL SERVICES DISTRICT SEVEN DAYS A WEEK. THE SAFETY AMBASSADORS ALSO PROVIDE A STRONG, UNIFORMED PRESENCE, ENHANCING THE SENSE OF SAFETY WITH THEIR PATROLS OF THE MUNICIPALLY-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 HOLDING MONTHLY MEETINGS WITH THE RALEIGH POLICE DISTRICT CAPTAIN TO STRATEGIZE WAYS TO LOWER CRIME. THIS PROACTIVE APPROACH HELPS BUILD TRUST AND COLLABORATION WITHIN THE COMMUNITY.IN FY24, THE DOWNTOWN AMBASSADORS PROVIDED THE FOLLOWING SERVICES:BUSINESS CHECK-INS: 9,704HOT SPOT CHECKS: 19,229SAFE WALKS: 664HOSPITALITY ASSISTANCE (INCLUDING DINING RECOMMENDATIONS, DIRECTIONS, AND MOTORIST ASSISTANCE): 1,441DIRECTIONS: 266MOTORIST ASSISTS: 364SAFETY AMBASSADORS DECK PATROLS: 8,391 LOGGED PATROLS OF THE MUNICIPALLY-OWNED PARKING DECKS AND LOTS 740507 78852 108450 THE PRIMARY GOALS OF THE STOREFRONT DEVELOPMENT PROGRAM ARE TO CONTRIBUTE TO DOWNTOWN RALEIGH'S ECONOMIC SUCCESS BY ATTRACTING NEW BUSINESSES TO VACANT STOREFRONTS, PROVIDING MARKET DATA TO ATTRACT NEW INVESTMENT AND EMPLOYERS, AND OFFERING NEW OPPORTUNITIES AND RESOURCES TO A DIVERSE SET OF BUSINESSES AND ENTREPRENEURS. DRA MONITORS 10 PEDESTRIAN COUNTERS IN DOWNTOWN TO MEASURE FOOT TRAFFIC, HELPING TO 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. IN PARTNERSHIP WITH THE CITY OF RALEIGH, OUR ECONOMIC DEVELOPMENT STAFF ACTIVELY WORKS WITH RETAIL BROKERS AND LANDLORDS TO FILL STOREFRONT SPACES IN DOWNTOWN. IN FY24, 65 STOREFRONT BUSINESSES OPENED OR SIGNIFICANTLY EXPANDED IN DOWNTOWN, 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. THE ECONOMIC DATA AND ANALYSIS TRACKED EACH YEAR IS 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 COMPLEMENTS OUR STATE OF DOWNTOWN ANNUAL EVENT, ATTENDED BY OVER 500 OF DOWNTOWN'S TOP BUSINESS LEADERS AND COMMUNITY MEMBERS.DRA ALSO CONDUCTS PLANNING AND TRANSPORTATION INITIATIVES TO IMPROVE ACCESSIBILITY AND CONNECTIVITY IN DOWNTOWN RELATED TO BICYCLE, PEDESTRIAN, TRANSIT, AND PARKING INFRASTRUCTURE. DRA PROVIDED COMMUNITY MEETINGS AND SUPPORT FOR IMPROVEMENTS IN ACCESSIBILITY, CHANGES TO DOWNTOWN PARKING, AND ADVOCACY FOR NEW BIKE LANES IN DOWNTOWN. IN FY24, DRA STAFF, IN COORDINATION WITH THE CITY OF RALEIGH AND A TEAM OF CONSULTANTS, MANAGED A VISIONING PROCESS FOR THE DEVELOPMENT OF A NEW "DOWNTOWN ECONOMIC DEVELOPMENT STRATEGY." RECOMMENDATIONS FROM THE STRATEGY WILL GUIDE NEW INVESTMENT, PROGRAMS, POLICIES, AND ACTIVATIONS IN DOWNTOWN RALEIGH OVER THE NEXT FIVE YEARS.DOWNTOWN RALEIGH ALLIANCE'S MARKETING EFFORTS SHARE THE ORGANIZATION'S MISSION WITH OUR STAKEHOLDERS, BRING VISIBILITY TO THE ORGANIZATION AND THE DOWNTOWN COMMUNITY, AND POSITION DOWNTOWN RALEIGH AS A VIBRANT CITY CENTER.DRA'S COMMUNICATIONS CHANNELS INCLUDE 14 ORGANIZATIONAL AND PROGRAM WEBSITES, 4 EMAIL NEWSLETTERS, AND SOCIAL MEDIA ACCOUNTS WITH MORE THAN 230,000 FOLLOWERS ACROSS FACEBOOK, INSTAGRAM, X, AND LINKEDIN. AN ESTIMATED 350+ BUSINESSES WERE PROMOTED VIA THESE CHANNELS IN MORE THAN 900 INSTANCES OVER THE LAST YEAR.MARKETING CAMPAIGNS, INCLUDING BLOGS TO HIGHLIGHT CULTURAL AND AFFINITY CELEBRATIONS SUCH AS BLACK HISTORY MONTH AND WOMEN'S HISTORY MONTH, RETAIL PROMOTIONS SUCH AS RESTAURANT WEEK AND HOLIDAY HUB, AND EVENT-SPECIFIC PROMOTIONS FOR FIRST FRIDAY, ILLUMINATE ART WALK, LIVE AFTER 5, AND OTHERS GARNERED NEARLY 1 MILLION IMPRESSIONS ACROSS CHANNELS. 550173 52011 THE BALANCED ACTIVATIONS PROGRAM SERVES AS THE FACE OF THE ORGANIZATION TO THE COMMUNITY. IN FY24, DOWNTOWN RALEIGH ALLIANCE HOSTED 16 OUTDOOR EVENTS, ATTRACTING 40,000 ATTENDEES. THE DECREASE IN THE NUMBER OF OUTDOOR EVENTS WAS DUE TO THE ELIMINATION OF MOORE SQUARE MARKET FOR VARIOUS REASONS.LIVE AFTER 5 IS A SUMMER CONCERT SERIES THAT TAKES PLACE ON THE LAST WEDNESDAYS OF THE MONTH FROM MAY TO AUGUST. THIS YEAR, IT CELEBRATED WOMEN IN MUSIC, CULMINATING IN A FINALE WITH THE NATIONAL ACT SIXPENCE NONE THE RICHER. THIS MUSIC SERIES ALSO BRINGS FOOT TRAFFIC TO DOWNTOWN RESTAURANTS MID-WEEK AND ENCOURAGES DOWNTOWN OFFICE WORKERS TO STAY AFTER WORK FOR A FUN EVENING.OTHER ACTIVATIONS AROUND DOWNTOWN, SUCH AS THE FEMINIST FIRST FRIDAY, ILLUMINATE ART WALK EVENTS, AND JAZZ IN THE SQUARE, ALSO DREW HEIGHTENED ATTENTION AND INTEREST FROM THE COMMUNITY. 382155 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 FY24, DRA ADDED ONE 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. IN FY24, DRA HELD FOUR VIRTUAL TOWN HALLS CALLED DOWNTOWN RUNDOWNS. 382155 3078697 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 51 0 17 1 0 0 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X SAM BROMLEY 9195321231 333 FAYETTEVILLE STREET SUITE 1150 RALEIGH NC 27601 BILL KING PRESIDENT & CEO 20.00 20.00 X X 188008 0 0 DAVID MEEKER PAST CHAIR 1.00 1.00 X X 0 0 0 SKIP HILL VICE CHAIR/CHAIR-ELECT 1.00 1.00 X X 0 0 0 JOSEPH BO DEMPSTER LEGAL COUNSEL 1.00 1.00 X X 0 0 0 TIA MCLAURIN AT LARGE MEMBER 1.00 1.00 X 0 0 0 MICHAEL MUNN AT LARGE MEMBER 1.00 1.00 X 0 0 0 ALLYSON DICKENS TREASURER 1.00 1.00 X X 0 0 0 PAULETTE DILLARD BOARD CHAIR 1.00 1.00 X X 0 0 0 BRITT THOMAS SECRETARY 1.00 1.00 X X 0 0 0 MARY-ANN BALDWIN DIRECTOR 1.00 X 0 0 0 MONICA BARNES DIRECTOR 1.00 X 0 0 0 TIFFANY BARRIER DIRECTOR 1.00 X 0 0 0 CHRIS BUDNICK DIRECTOR 1.00 X 0 0 0 PETE BYERS DIRECTOR 1.00 X 0 0 0 NICHOLLE ALLEN-STEELE DIRECTOR 1.00 X 0 0 0 ADRIENNE COLE DIRECTOR 1.00 X 0 0 0 NATALIE BATTEN DIRECTOR 1.00 X 0 0 0 DENNY EDWARDS DIRECTOR 1.00 X 0 0 0 DAVID ELLIS DIRECTOR 1.00 X 0 0 0 EMILY WILLIAMS DIRECTOR 1.00 X 0 0 0 DERRICK REMER DIRECTOR 1.00 X 0 0 0 JOHNNY HACKETT DIRECTOR 1.00 X 0 0 0 YVETTE HOLMES DIRECTOR 1.00 X 0 0 0 GREGG SANDREUTER DIRECTOR 1.00 X 0 0 0 CHARLIE IBARRA DIRECTOR 1.00 X 0 0 0 CARLY JONES DIRECTOR 1.00 X 0 0 0 MAGGIE KANE DIRECTOR 1.00 X 0 0 0 ROBBY LAWSON DIRECTOR 1.00 X 0 0 0 MATT LILLEY DIRECTOR 1.00 X 0 0 0 LARRY MILLER DIRECTOR 1.00 X 0 0 0 BRIAN O'HAVER DIRECTOR 1.00 X 0 0 0 EVAN RALEIGH DIRECTOR 1.00 X 0 0 0 FELICIA TRUJILLO DIRECTOR 1.00 X 0 0 0 MIKE SMITH DIRECTOR 1.00 X 0 0 0 ZAC VUNCANNON DIRECTOR 1.00 X 0 0 0 JASON WIDEN DIRECTOR 1.00 X 0 0 0 188008 0 0 1 0 1 0 STREETPLUS COMPANY LLC 154 CONOVER STREET BROOKLYN NY 11231 MAINTENANCE SERVICES 606751 333 VENTURES LLC 333 FAYETTEVILLE STREET SUITE 100 RALEIGH NC 27601 REAL ESTATE 145463 2 40000 20000 283886 343886 PROPERTY ASSESSMENT 531390 2338931 2338931 PARKING CONTRACT 561499 488014 488014 ECONOMIC DEVELOPMENT 812930 108450 108450 SOCIAL SERVICES AMBASS 624200 57111 57111 ARTS & SPECIAL EVENTS 713990 52011 52011 3044517 5127 5127 3393530 3044517 0 5127 78852 78852 188008 161687 26321 929080 798963 130117 81052 69705 11347 82735 71152 11583 11944 11944 3811 3811 235386 235386 19547 15049 4498 59900 46123 13777 26736 22178 4558 204538 173857 30681 8572 8572 AMBASSADOR PROGRAM 844538 844538 SPECIAL PROGRAMS 386979 386979 REPAIRS & MAINTENANCE 196748 151496 45252 DATA FEES 22841 18949 3892 4913 3783 1130 3386180 3078697 307483 0 130763 85493 1024562 1088855 21573 37096 12168 55209 344345 292185 70338 52160 466697 491368 1726101 1810181 94296 129041 26250 9500 407933 466668 528479 605209 X 1197622 1204972 1197622 1204972 1726101 1810181 7350 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 57811 32920 24891 286534 259265 27269 52160 SECURITY DEPOSITS 9974 DUE TO/FROM RCV 31895 RIGHT OF USE LEASE ASSET NET OF AMORTIZATION 449499 491368 LEASE LIABILITY 466668 466668 X PART X, LINE 2: DOWNTOWN RALEIGH ALLIANCE (THE ORGANIZATION") IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE SERVICE ("IRS") CODE SECTION 501(C)(6). DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, THE ORGANIZATION DID NOT HAVE ANY INCOME SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION EVALUATES ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT DOES NOT BELIEVE ANY SIGNIFICANT INCOME TAX UNCERTAINTIES EXIST AS OF JUNE 30, 2024 AND 2023. 1 BARBER WINE COMPANY 123 EAST MARTIN STREET RALEIGH NC 27601 921689144 10196 0 FMV STORE FRONT UPLIFT BLACKBIRD BOOKS AND COFFEE LLC 213 JASON WAY YOUNGSVILLE NC 27596 921311463 12500 0 FMV STOREFRONT UPFIT GRANT FLAVOR HILLS 2121 N MARINE BLVD JACKSONVILLE NC 28546 862930952 15000 0 FMV STOREFRONT UPFIT GRANT RALEIGH POPSICLE CO 119 E HARGETT ST STE 110 RALEIGH NC 27601 863856782 8330 0 FMV STOREFRONT UPFIT GRANT ROLLEY LLC 206 FAYVETTEVILLE STREET RALEIGH NC 27601 870829795 7500 0 FMV STOREFRONT UPFIT GRANT THE BATH PLACE LLC 205 NE MAIN STREET ROCKY MOUNT NC 27801 270844513 5345 0 FMV STOREFRONT UPFIT GRANT THE GREEN MONKEY 1217 HILLSBOROUGH STREET RALEIGH NC 27603 463507458 15000 0 FMV STOREFRONT UPFIT GRANT HAUSE OF DOGS LLC 421 N HARRINGTON STREET STE 120 RALEIGH NC 27603 920721095 2481 0 FMV STOREFRONT UPFIT GRANT NORTH SOUTH HOSPITALITY LLC 927 W MORGAN STREET STE 116 RALEIGH NC 27603 883562221 2500 0 FMV STOREFRONT UPFIT GRANT 9 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF ASSISTANCE PROVIDED TO OTHER ORGANIZATIONS AND MONITORS THE USE OF THE ASSISTANCE PROVIDED. THIS ENSURES THAT THE FUNDS ARE USED APPROPRIATELY AND ALIGN WITH THE ORGANIZATION'S MISSION AND GOALS. X X 0 0 0 BILL KING PRESIDENT & CEO 188008 0 0 0 0 0 0 0 0 0 188008 0 0 0 PART I, LINE 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHICH REVIEWS CEO PERFORMANCE ANNUALLY. THE COMMITTEE 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, PART VI, SECTION B, 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 FOR RESOLUTION. FORM 990, PART VI, SECTION B, 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 THAT INTEREST KNOWN 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 WITH SUCH AN INTEREST, SHALL REFRAIN FROM VOTING UPON OR OTHERWISE PARTICIPATING IN SUCH A TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHICH REVIEWS CEO PERFORMANCE ANNUALLY. THE COMMITTEE 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, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. RALEIGH CIVIC VENTURES INC 333 FAYETTEVILLE ST SUITE 1150 RALEIGH NC 27601 562095185 PUBLIC CHARITY NC 501(C)(3) LINE 12B, II 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 RALEIGH CIVIC VENTURES INC O 40000 MANAGEMENT CONTRACT RALEIGH CIVIC VENTURES INC D 31895 OUTSTANDING A/R SCHEDULE R, PART V, LINE 2 THE TOTAL AMOUNT BILLED FOR THE MANAGEMENT AGREEMENT BETWEEN RALEIGH CIVIC VENTURES INC. (RCV) AND DOWNTOWN RALEIGH ALLIANCE INC. (DRA) FOR THE YEAR ENDED JUNE 30, 2024, WAS $40,000. THIS AMOUNT WAS FOR THE SHARING OF OFFICE SPACE AND PAID EMPLOYEES AS DISCLOSED ABOVE.