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Nonprofit · EIN 42-1449669

DOWNTOWN PARTNERS INC

Tax-exempt · BURLINGTON, IA 52601

Financials

$214K$213K2023$246K$223K2024
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN PARTNERS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$246,182$222,779$23,403$272,626$12,157$260,469
December 31, 2023990$214,311$212,990$1,321$241,415$4,349$237,066
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$162,860
Program service revenue
$76,166
Investment income
$7,156
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$13,292
Other salaries and wages
$108,172
Salaries, compensation and benefits (total)
$136,397
Professional fundraising fees
$0
Accounting fees
$10,615
Occupancy
$14,704
Depreciation
$374
Program services (functional)
$191,440
Management and general (functional)
$30,966
Fundraising (functional)
$373

Balance sheet and other

Total assets, start of year
$241,415
Total assets, end of year
$272,626
Total liabilities, end of year
$12,157
Net assets, end of year
$260,469
Land, buildings and equipment
$4,838
Net assets without donor restrictions
$250,230
Net assets with donor restrictions
$10,239
Gross receipts
$246,182
Employees
0
Volunteers
50
Year formed
1996
State of legal domicile
IA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
CRYSTAL JOLINCFO
Officer
5$9,683$71,009$3,984
DELLA SCHMIDT LEFT 2024PRESIDENT
Officer
0$0$73,459$4,627
AMY O'BRIENPRESIDENT
Officer
0$0$51,208$257
MARY BETH SANCHEZ LEFT 2024CFO
Officer
5$2,908$21,321$1,864
TODD ACKERMANCHAIR
Trustee or director, Officer
1$0$0$0
KATHY BENTZCHAIR-ELECT
Trustee or director, Officer
1$0$0$0
TOM BURCHTREASURER
Trustee or director, Officer
1$0$0$0
MERCEDES PONCEPAST-CHAIR
Trustee or director, Officer
1$0$0$0
TODD DARNALL LEFT 2024DIRECTOR
Trustee or director
1$0$0$0
JERILYN HORNDIRECTOR
Trustee or director
1$0$0$0
JESSICA GERLINGDIRECTOR
Trustee or director
1$0$0$0
SUANN WELLSDIRECTOR
Trustee or director
1$0$0$0
BRITTANY JACOBSDIRECTOR
Trustee or director
1$0$0$0
KANSHA TIWARIDIRECTOR
Trustee or director
1$0$0$0
ELIZABETH PAPPASDIRECTOR
Trustee or director
1$0$0$0
9 more people on this return
NameTitleHours / weekCompensation
TOMI HAGANDIRECTOR
Trustee or director
1$0
JOE DEJESUSDIRECTOR
Trustee or director
1$0
BRANDON KIPPDIRECTOR
Trustee or director
1$0
CHAD BIRDDIRECTOR
Trustee or director
1$0
LYNDA GRAHAM-MURRAYDIRECTOR
Trustee or director
1$0
VANESSA WATSON LEFT 2024DIRECTOR
Trustee or director
1$0
ALEC CORNICK LEFT 2024DIRECTOR
Trustee or director
1$0
ANGIE HEDGES LEFT 2024DIRECTOR
Trustee or director
1$0
CHELSEA STEVENS LEFT 2024DIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DELLA SCHMIDTPRESIDENT
Officer
–$0$158,704$16,740
MARY BETH SANCHEZCFO
Officer
5$7,149$52,430$10,500
MERCEDES PONCECHAIR
Trustee or director, Officer
1$0$0$0
TODD DARNALLPAST CHAIR
Trustee or director, Officer
1$0$0$0
TODD ACKERMANCHAIR-ELECT
Trustee or director, Officer
1$0$0$0
TOM BURCHTREASURER
Trustee or director, Officer
1$0$0$0
VANESSA WATSONDIRECTOR
Trustee or director
1$0$0$0
ALEC CORNICKDIRECTOR
Trustee or director
1$0$0$0
ANGIE HEDGESDIRECTOR
Trustee or director
1$0$0$0
CHELSEA STEVENSDIRECTOR
Trustee or director
1$0$0$0
JERILYN HORNDIRECTOR
Trustee or director
1$0$0$0
JESSICA GERLINGDIRECTOR
Trustee or director
1$0$0$0
SUANN WELLSDIRECTOR
Trustee or director
1$0$0$0
BRITTANY JACOBSDIRECTOR
Trustee or director
1$0$0$0
KANSHA TIWARIDIRECTOR
Trustee or director
1$0$0$0
ELIZABETH PAPPASDIRECTOR
Trustee or director
1$0$0$0
JERRY JOHNSON LEFT 1223PAST CHAIR
Trustee or director, Officer
0$0$0$0
CHAD BIRD LEFT 1223DIRECTOR
Trustee or director
0$0$0$0
LYNDA GRAHAM-MURRAY LEFT 1223DIRECTOR
Trustee or director
0$0$0$0
DIANNE SMRDEL LEFT 1223DIRECTOR
Trustee or director
0$0$0$0
CRYSTAL JOLINCFO
Officer
0$0$0$0
AMY O'BRIENPRESIDENT
Officer
–$0$0$0

Address and contacts

Address (IRS master file)
610 N 4TH ST STE 200, BURLINGTON, IA 52601-5069
Principal officer (990 for 2024)
AMY O'BRIEN, 610 N 4TH ST STE 200, BURLINGTON, IA 52601
Signed the 990
AMY O'BRIEN, PRESIDENT
Phone
(319) 752-6365
Return prepared by
FORGE FINANCIAL & MANAGEMENT CONSULTING

Mission

THE MISSION OF DOWNTOWN PARTNERS IS TO PRESERVE AND REVITALIZE DOWNTOWN BURLINGTON BY ENHANCING ITS ECONOMY, INFRASTRUCTURE, AND HISTORICAL AND CULTURAL FEATURES.

990 for the year ended December 31, 2024

Program accomplishments

  • DOWNTOWN PARTNERS IS A CERTIFIED MAIN STREET IOWA ORGANIZATION THAT HELPS IMPROVE THE SOCIAL AND ECONOMIC WELL-BEING OF THE BURLINGTON COMMUNITY BY IDENTIFYING IT'S UNIQUE ASSETS AND CHARACTER AND REVITALIZING ITS HISTORIC COMMERCIAL DISTRICT. THE ORGANIZATION ALSO HELPS BUSINESSES PREPARE AND APPLY FOR REVITALIZATION ACTIVITIES AND GRANTS.
  • DOWNTOWN PARTNERS COORDINATES EVENTS AND PROMOTIONS. MAJOR EVENTS IN 2024 WERE: FARMER'S MARKET, A VERY VINTAGE MARKET, SIP, TASTE & STROLL, WITCHES NIGHT OUT, HOLIDAY PARADE AND LIVING WINDOWS AND OTHER EVENTS THAT PROMOTE BUSINESSES AND VITALITY IN DOWNTOWN BURLINGTON.
  • DOWNTOWN PARTNERS PROMOTES BEAUTIFICATION IN DOWNTOWN BURLINGTON AND HELPS WITH DOWNTOWN VITALITY BY SUPPORTING AND PROVIDING GRANTS FOR DEVELOPMENT ACTIVITIES.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1449669
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$272,626
Income (IRS master file)
$246,182

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$246,182$222,779$272,626XML
990December 2023$214,311$212,990$241,415XML
990December 2022$250,480$213,084$391,649IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1449669).

Questions about DOWNTOWN PARTNERS INC

What is the EIN of DOWNTOWN PARTNERS INC?
The employer identification number (EIN) of DOWNTOWN PARTNERS INC is 42-1449669.
Is DOWNTOWN PARTNERS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
Are donations to DOWNTOWN PARTNERS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DOWNTOWN PARTNERS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DOWNTOWN PARTNERS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWNTOWN PARTNERS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DOWNTOWN PARTNERS INC?
The 990 for the year ended December 31, 2024 names AMY O'BRIEN.
Who are the officers and directors of DOWNTOWN PARTNERS INC?
The 990 for the year ended December 31, 2024 lists 24 people; 2 received compensation from the organization, the highest $9,683 (CRYSTAL JOLIN, CFO).
How much revenue does DOWNTOWN PARTNERS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $246,182, expenses of $222,779 and total assets of $272,626 at year end.

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