Nonprofit · EIN 45-1276191
DOWNTOWN PARKING MANAGEMENT INC
Tax-exempt · CEDAR RAPIDS, IA 52401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,477,383 | $3,760,206 | -$282,823 | $2,215,555 | $3,804,448 | -$1,588,893 |
| December 31, 2023 | 990 | $3,375,643 | $3,765,392 | -$389,749 | $2,128,178 | $3,434,248 | -$1,306,070 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,445,128
- Investment income
- $14,818
- Other revenue
- $17,437
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,038
- Occupancy
- $370,759
- Travel
- $56,255
- Depreciation
- $297,642
- Program services (functional)
- $3,072,959
- Management and general (functional)
- $687,247
Balance sheet and other
- Total assets, start of year
- $2,128,178
- Total assets, end of year
- $2,215,555
- Total liabilities, end of year
- $3,804,448
- Net assets, end of year
- -$1,588,893
- Land, buildings and equipment
- $1,576,617
- Net assets without donor restrictions
- -$1,588,893
- Gross receipts
- $3,477,383
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2011
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DUSEK JON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CARLSON CHRIS | DIRECTOR Trustee or director | 1 | $0 |
| CORKERY MATT | DIRECTOR Trustee or director | 1 | $0 |
| KERNS CORY | DIRECTOR (THRU JUNE) Trustee or director | 1 | $0 |
| TIMKO FRED | DIRECTOR Trustee or director | 1 | $0 |
| ZYLSTRA DAVID | DIRECTOR Trustee or director | 1 | $0 |
| BAACK RYAN | GENERAL MANAGER Officer | 40 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ZYLSTRA DAVID | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CORKERY MATT | DIRECTOR Trustee or director | 1 | $0 |
| DUSEK JON | DIRECTOR Trustee or director | 1 | $0 |
| KERNS CORY | DIRECTOR Trustee or director | 1 | $0 |
| TIMKO FRED | DIRECTOR Trustee or director | 1 | $0 |
| BAACK RYAN | GENERAL MANAGER Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 349 4TH AVE SE, CEDAR RAPIDS, IA 52401-1946
- Principal officer (990 for 2024)
- JON DUSEK, 349 4TH AVE SE, CEDAR RAPIDS, IA 52401
- Signed the 990
- JON DUSEK, BOARD CHAIR
- Phone
- (319) 365-7275
- Website
- WWW.PARKCEDARRAPIDS.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF DOWNTOWN PARKING MANAGEMENT, INC. (DPMI) IS TO PROVIDE EFFICIENT, CONVENIENT AND AFFORDABLE PARKING OPTIONS FOR DOWNTOWN CEDAR RAPIDS. DPMI'S VISION IS TO ENHANCE THE DOWNTOWN TENANT AND VISITOR EXPERIENCE AND BE A CATALYST FOR ECONOMIC DEVELOPMENT.
Program accomplishments
- PROVISION OF PARKING FACILITIES AND SYSTEM UPGRADES:THE SYSTEM PROVIDES SPACE TO ABOUT 3,900 DOWNTOWN EMPLOYEES AND APPROXIMATELY 280,000 ESTIMATED VISITOR/EVENT PATRONS. IN ADDITION, THE SYSTEM OPERATES APPROXIMATELY 4,000 ON STREET SPACES WITH AN ESTIMATED 322,000 ANNUAL ON STREET TRANSACTIONS. PARKING TRANSACTIONS ANNUALLY ARE ESTIMATED TO BE 550,000 TRANSACTIONS. DPMI CONTINUES TO STRIVE IN CREATING A WELCOMING, SAFE ENVIRONMENT THROUGH 24/7 SECURITY EFFORTS AND AMENITIES. THE AMENITIES SERVICES PROGRAM ACCOMMODATES PARKING PATRONS, SHOULD AN UNEXPECTED SITUATION OCCUR, OFFERING INSTANT ACCESS TO A RANGE OF SERVICES FROM COURTESY JUMP STARTS, TIRE FILL, TO SECURITY ASSISTANCE. CAPITAL PROJECTS COMPLETED INCLUDE ELEVATOR UPGRADES, ROOF REPLACEMENTS, DECK SEALING, SECURITY, LIGHTING, SKYWALK AND ENTRANCE GATE UPGRADES.Expenses $1,024,321 · revenue $3,445,128
- PROVISION OF PARKING SERVICES TO FACILITATE JOB GROWTH AND ECONOMIC DEVELOPMENT:TO AID IN FOSTERING, SUPPORTING AND ENCOURAGING GROWTH AND DEVELOPMENT OF JOBS, AND THE DEVELOPMENT OF NEW BUSINESS AND INDUSTRY, DPMI HAS DEVELOPED A SUITE OF PARKING INCENTIVE AND SUBSIDY PROGRAMS TO SPUR INVESTMENT IN THE GREATER DOWNTOWN AREA. THE PROGRAMS ENABLE BUSINESSES, EMPLOYERS AND EMPLOYEES THE OPPORTUNITY TO RECEIVE DISCOUNTS OFF OF MONTHLY PARKING RATES AND HAVE HELPED CATALYZE MORE THAN 650 JOBS ANNUALLY. TO DATE 13 EXISTING COMPANIES WERE OFFERED PARKING INCENTIVES AND/OR PARKING SUBSIDY SOLUTIONS. RETENTION AND EXPANSION OF EXISTING JOBS AND BUSINESS CONSUMES APPROXIMATELY 33 PERCENT OF DPMI'S TIME.Expenses $1,024,319
- EDUCATION AND COMMUNICATION WITH PARKING SYSTEM USERS:IN ORDER TO IMPROVE PUBLIC PERCEPTION OF PARKING IN DOWNTOWN CEDAR RAPIDS AND TO LEVERAGE PARKING AS A SIGNIFICANT TOOL AND CATALYST FOR ECONOMIC DEVELOPMENT, DPMI HAS INITIATED SIGNIFICANT OUTREACH STRATEGIES. "PARK CEDAR RAPIDS" CAMPAIGN WAS LAUNCHED IN OCTOBER 2011 TO INFORM THE GENERAL PUBLIC AND DOWNTOWN STAKEHOLDERS OF A NEW AND ENHANCED PARKING SYSTEM - ONE FOCUSED ON SUPERIOR CUSTOMER SERVICE, IMPROVED SECURITY AND POSITIVE EXPERIENCE. COMMUNICATION MECHANISMS RANGED FROM CREATING A NEW INTERACTIVE WEBSITE, PARTNERING WITH THE MEDIA, HOSTING Q&A COMMUNITY OUTREACH EVENTS, AND IMPLEMENTING AN AMBASSADOR PROGRAM TO ASSIST THE GENERAL PUBLIC AND STAKEHOLDERS WITH THE USE OF THE NEW PARKING TECHNOLOGIES.Expenses $1,024,319
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-1276191
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $2,215,555
- Income (IRS master file)
- $3,477,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,477,383 | $3,760,206 | $2,215,555 | IRS |
| 990 | December 2023 | $3,375,643 | $3,765,392 | $2,128,178 | XML |
| 990 | December 2022 | $3,106,069 | $3,352,996 | $2,245,768 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 45-1276191).
Questions about DOWNTOWN PARKING MANAGEMENT INC
- What is the EIN of DOWNTOWN PARKING MANAGEMENT INC?
- The employer identification number (EIN) of DOWNTOWN PARKING MANAGEMENT INC is 45-1276191.
- Is DOWNTOWN PARKING MANAGEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to DOWNTOWN PARKING MANAGEMENT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DOWNTOWN PARKING MANAGEMENT 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 PARKING MANAGEMENT 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 PARKING MANAGEMENT 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 PARKING MANAGEMENT INC?
- The 990 for the year ended December 31, 2024 names JON DUSEK.
- Who are the officers and directors of DOWNTOWN PARKING MANAGEMENT INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN PARKING MANAGEMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,477,383, expenses of $3,760,206 and total assets of $2,215,555 at year end.
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