Nonprofit · EIN 46-4750143
DOWNTOWNABQ MAINSTREET INITIATIVE
Tax-exempt · ALBUQUERQUE, NM 87102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $659,059 | $734,653 | -$75,594 | $144,476 | $49,832 | $94,644 |
| December 31, 2023 | 990 | $498,195 | $521,635 | -$23,440 | $236,672 | $66,434 | $170,238 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500,481
- of which government grants
- $340,673
- Program service revenue
- $157,770
- Investment income
- $44
- Net income from fundraising events
- -$181
- Net income from sales of inventory
- $945
- Other revenue
- $764
Expenses
- Grants and similar amounts paid
- $74,735
- Compensation of officers, directors and key employees
- $69,842
- Other salaries and wages
- $349,317
- Salaries, compensation and benefits (total)
- $452,273
- Professional fundraising fees
- $0
- Accounting fees
- $16,619
- Occupancy
- $60,492
- Travel
- $241
- Program services (functional)
- $638,525
- Management and general (functional)
- $77,071
- Fundraising (functional)
- $19,057
Balance sheet and other
- Total assets, start of year
- $236,672
- Total assets, end of year
- $144,476
- Total liabilities, end of year
- $49,832
- Net assets, end of year
- $94,644
- Net assets without donor restrictions
- $94,644
- Gross receipts
- $663,929
- Employees
- 14
- Volunteers
- 20
- Year formed
- 2014
- State of legal domicile
- NM
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 |
|---|---|---|---|
| Julia Youngs | President Trustee or director, Officer | 3 | $0 |
| Mario Semiglia | Treasurer Trustee or director | 1 | $0 |
| Ashley Rammelsberg | Director Trustee or director | 1 | $0 |
| Bethany Tabor | Secretary Trustee or director | 1 | $0 |
| Richard Meadows | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ashley Rammelsberg | President Trustee or director, Officer | 3 | $0 |
| Mario Semiglia | Treasurer Trustee or director | 1 | $0 |
| Julia Youngs | Director Trustee or director | 1 | $0 |
| Bethany Tabor | Secretary Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 708 1ST ST NW, ALBUQUERQUE, NM 87102-2308
- In care of
- % LOLA BIRD
- Mailing address (990-N for 2014)
- 100 Gold St SW Suite 204, Albuquerque NM 87102
- Principal officer (990 for 2024)
- Shawna Brown, PO Box 27246, Albuquerque, NM 871027246
- Principal officer (990-N for 2014)
- David Silverman, 100 Gold St SW Suite 204, Albuquerque NM 87102
- Signed the 990
- Shawna Brown, Executive Director
- Phone
- (505) 247-2272
- Website
- abqmainstreet.org
- Return prepared by
- Riley Business Consulting LLC
Mission
The DowntownABQ MainStreet Initiative is a community redevelopment organization. Our mission is to promote and support downtowns economic, social, and creative vitality through community-driven projects and programs. A revitalized and vibrant downtown is a symbol of community economic health, local quality of life, pride, and community identity.
Program accomplishments
- Downtown Growers Market - The market is home to over 75 New Mexican growers offering the highest quality produce available in Albuquerque, along with a wide array of talented local artists and a delicious mix of prepared food artisans. Every week we feature a live band, community nonprofits, a bike valet service, and lots of community spirit! All are welcome! 70,000 individuals were served.Expenses $197,898 · revenue $137,089
- Arts and Cultural District The Downtown Arts & Cultural District, made up of roughly 30 blocks in and around the Central Avenue corridor, works to support and promote creative work / local businesses and institutions, and increase visitors to the area. Albuquerques Downtown is home to a unique array of assets, including artists, designers, filmmakers, galleries, museums, theaters, musicians, music venues, city festivals, restaurants, food trucks / kitchens, breweries, coffee shops, and creative entrepreneurs living and working in both formal and informal spaces. 20,000 individuals were served.Expenses $210,416 · grants $1,485 · revenue $13,040
- Downtown Placemaking From our initial program to bring community placemaking to Civic Plaza which began in 2014, we have grown the program to bring placemaking to the larger Downtown. Through programming with Artwalk, a monthly downtown arts crawl event which we support through grant writing, event coordination, permitting, and promotion, to the Downtown Rail Trail community engagement project, to programs for murals and pop up music and food events, we strive to bring vitality to downtowns vacant and underutilized spaces. These programs are essential to bringing economic opportunity to our downtown businesses and organizations while providing community friendly events for our residents and visitors. Over 25,000 individuals were served.Expenses $230,211 · grants $73,250 · revenue $7,641
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
- 46-4750143
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $144,476
- Income (IRS master file)
- $663,929
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $659,059 | $734,653 | $144,476 | XML |
| 990 | December 2023 | $498,195 | $521,635 | $236,672 | XML |
| 990 | December 2022 | $478,976 | $406,340 | $218,689 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: David Silverman | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-4750143).
Questions about DOWNTOWNABQ MAINSTREET INITIATIVE
- What is the EIN of DOWNTOWNABQ MAINSTREET INITIATIVE?
- The employer identification number (EIN) of DOWNTOWNABQ MAINSTREET INITIATIVE is 46-4750143.
- Is DOWNTOWNABQ MAINSTREET INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to DOWNTOWNABQ MAINSTREET INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWNABQ MAINSTREET INITIATIVE 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 DOWNTOWNABQ MAINSTREET INITIATIVE 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 DOWNTOWNABQ MAINSTREET INITIATIVE 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 DOWNTOWNABQ MAINSTREET INITIATIVE?
- The 990 for the year ended December 31, 2024 names Shawna Brown.
- Who are the officers and directors of DOWNTOWNABQ MAINSTREET INITIATIVE?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWNABQ MAINSTREET INITIATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $659,059, expenses of $734,653 and total assets of $144,476 at year end.
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All nonprofits in ALBUQUERQUE · New Mexico · Community improvement and capacity building