Nonprofit · EIN 56-1994005
DOWNTOWN RALEIGH ALLIANCE
Tax-exempt · RALEIGH, NC 27601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,037,115 | $4,079,533 | -$42,418 | $1,803,171 | $640,617 | $1,162,554 |
| June 30, 2024 | 990 | $3,393,530 | $3,386,180 | $7,350 | $1,810,181 | $605,209 | $1,204,972 |
| June 30, 2023 | 990 | $3,074,121 | $2,885,176 | $188,945 | $1,726,101 | $528,479 | $1,197,622 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $321,807
- of which government grants
- $35,000
- Program service revenue
- $3,709,045
- Investment income
- $6,263
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $196,500
- Other salaries and wages
- $1,071,102
- Salaries, compensation and benefits (total)
- $1,454,419
- Professional fundraising fees
- $0
- Accounting fees
- $12,335
- Depreciation
- $207,341
Balance sheet and other
- Total assets, start of year
- $1,810,181
- Total assets, end of year
- $1,803,171
- Total liabilities, end of year
- $640,617
- Net assets, end of year
- $1,162,554
- Land, buildings and equipment
- $59,976
- Net assets without donor restrictions
- $1,162,554
- Gross receipts
- $4,037,115
- Employees
- 17
- Volunteers
- 36
- Year formed
- 1996
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL KING | PRESIDENT AND CEO Trustee or director, Officer | 20 | $196,500 |
| SKIP HILL | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| MIKE MUNN | BOARD VICE CHAIR/COMING CHAIR Trustee or director, Officer | 1 | $0 |
| PAULETTE DILLARD | BOARD IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| BO DEMPSTER | BOARD LEGAL COUNSEL Trustee or director, Officer | 1 | $0 |
| EMILY WILLIAMS | BOARD TREASURER Trustee or director, Officer | 1 | $0 |
| BRITT THOMAS | BOARD SECRETARY Trustee or director, Officer | 1 | $0 |
| TIA MCLAURIN | AT-LARGE MEMBER Trustee or director | 1 | $0 |
| DERRICK REMER | AT-LARGE MEMBER Trustee or director | 1 | $0 |
| NICHOLLE ALLEN-STEELE | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY BARRIER | DIRECTOR Trustee or director | 1 | $0 |
| NATALIE BATTEN | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS BUDNICK | DIRECTOR Trustee or director | 1 | $0 |
| STACEY BUESCHER | DIRECTOR Trustee or director | 1 | $0 |
| PETE BYERS | DIRECTOR Trustee or director | 1 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADRIENNE COLE | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 |
| JANET COWELL | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 |
| DENNY EDWARDS | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 |
| DAVID ELLIS | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 |
| ANNA GRACE FITZGERALD | DIRECTOR Trustee or director | 1 | $0 |
| KASSIA GIBBS | DIRECTOR Trustee or director | 1 | $0 |
| RUFFIN HALL | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 |
| YVETTE HOLMES | DIRECTOR Trustee or director | 1 | $0 |
| CHARLIE IBARRA | DIRECTOR Trustee or director | 1 | $0 |
| CARLY JONES | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN MAKENA | DIRECTOR Trustee or director | 1 | $0 |
| LT MCCRIMMON | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA QUINN-WOLF | DIRECTOR Trustee or director | 1 | $0 |
| EVAN RALEIGH | DIRECTOR (EX-OFFICIO) Trustee or director | 1 | $0 |
| DAVIS ROACH | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN ROMER | DIRECTOR Trustee or director | 1 | $0 |
| GREGG SANDREUTER | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE SCHWEDLER | DIRECTOR Trustee or director | 1 | $0 |
| DANNY SEATON | DIRECTOR Trustee or director | 1 | $0 |
| FELICIA TRUJILLO | DIRECTOR Trustee or director | 1 | $0 |
| OWEN WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 36 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL KING | PRESIDENT & CEO Trustee or director, Officer | 20 | $188,008 |
| DAVID MEEKER | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| SKIP HILL | VICE CHAIR/CHAIR-ELECT Trustee or director, Officer | 1 | $0 |
| JOSEPH BO DEMPSTER | LEGAL COUNSEL Trustee or director, Officer | 1 | $0 |
| TIA MCLAURIN | AT LARGE MEMBER Trustee or director | 1 | $0 |
| MICHAEL MUNN | AT LARGE MEMBER Trustee or director | 1 | $0 |
| ALLYSON DICKENS | TREASURER Trustee or director, Officer | 1 | $0 |
| PAULETTE DILLARD | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| BRITT THOMAS | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARY-ANN BALDWIN | DIRECTOR Trustee or director | 1 | $0 |
| MONICA BARNES | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY BARRIER | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS BUDNICK | DIRECTOR Trustee or director | 1 | $0 |
| PETE BYERS | DIRECTOR Trustee or director | 1 | $0 |
| NICHOLLE ALLEN-STEELE | DIRECTOR Trustee or director | 1 | $0 |
| ADRIENNE COLE | DIRECTOR Trustee or director | 1 | $0 |
| NATALIE BATTEN | DIRECTOR Trustee or director | 1 | $0 |
| DENNY EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ELLIS | DIRECTOR Trustee or director | 1 | $0 |
| EMILY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| DERRICK REMER | DIRECTOR Trustee or director | 1 | $0 |
| JOHNNY HACKETT | DIRECTOR Trustee or director | 1 | $0 |
| YVETTE HOLMES | DIRECTOR Trustee or director | 1 | $0 |
| GREGG SANDREUTER | DIRECTOR Trustee or director | 1 | $0 |
| CHARLIE IBARRA | DIRECTOR Trustee or director | 1 | $0 |
| CARLY JONES | DIRECTOR Trustee or director | 1 | $0 |
| MAGGIE KANE | DIRECTOR Trustee or director | 1 | $0 |
| ROBBY LAWSON | DIRECTOR Trustee or director | 1 | $0 |
| MATT LILLEY | DIRECTOR Trustee or director | 1 | $0 |
| LARRY MILLER | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN O'HAVER | DIRECTOR Trustee or director | 1 | $0 |
| EVAN RALEIGH | DIRECTOR Trustee or director | 1 | $0 |
| FELICIA TRUJILLO | DIRECTOR Trustee or director | 1 | $0 |
| MIKE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| ZAC VUNCANNON | DIRECTOR Trustee or director | 1 | $0 |
| JASON WIDEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 37 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL KING | PRESIDENT AN Trustee or director, Officer | 40 | $189,712 |
| DEMPSTER JOSEPH BO | LEGAL COUNSE Trustee or director | 1 | $0 |
| HILL THOMAS SKIP | DIRECTOR Trustee or director | 1 | $0 |
| COLE ADRIENNE | EX-OFFICIO C Trustee or director | 1 | $0 |
| DICKENS ALLYSON | TREASURER Trustee or director, Officer | 1 | $0 |
| O'HAVER BRIAN | DIRECTOR Trustee or director | 1 | $0 |
| RALPH BRIAN | CHAIR Trustee or director | 1 | $0 |
| THOMAS BRITT | DIRECTOR Trustee or director | 1 | $0 |
| HUMPHREY BUTCH | CHAIR-ELECT/ Trustee or director | 1 | $0 |
| JONES CARLY | DIRECTOR Trustee or director | 1 | $0 |
| IBARRA CHARLIE | DIRECTOR Trustee or director | 1 | $0 |
| BUDNICK CHRIS | DIRECTOR Trustee or director | 1 | $0 |
| ELLIS DAVID | EX-OFFICIO W Trustee or director | 1 | $0 |
| MEEKER DAVID | VICE CHAIR/C Trustee or director, Officer | 1 | $0 |
| EDWARDS DENNY | EX-OFFICIO G Trustee or director | 1 | $0 |
| WARF DOUG | AT-LARGE Trustee or director, Officer | 1 | $0 |
| FAUSCH EMILY | DIRECTOR Trustee or director | 1 | $0 |
| RALEIGH EVAN | EX-OFFICIO C Trustee or director | 1 | $0 |
| COWELL JANET | EX-OFFICIO D Trustee or director | 1 | $0 |
| WIDEN JASON | DIRECTOR Trustee or director | 1 | $0 |
| HACKETT JOHNNY | DIRECTOR Trustee or director | 1 | $0 |
| MILLER LARRY | DIRECTOR Trustee or director | 1 | $0 |
| KANE MAGGIE | DIRECTOR Trustee or director | 1 | $0 |
| CLAYTON MARTY | DIRECTOR Trustee or director | 1 | $0 |
| BALDWIN MARY-ANN | EX-OFFICIO C Trustee or director | 1 | $0 |
| LILLEY MATT | DIRECTOR Trustee or director | 1 | $0 |
| MUNN MICHAEL | DIRECTOR Trustee or director | 1 | $0 |
| SMITH MIKE | DIRECTOR Trustee or director | 1 | $0 |
| BARNES MONICA | DIRECTOR Trustee or director | 1 | $0 |
| DILLARD PAULETTE | SECRETARY Trustee or director, Officer | 1 | $0 |
| BYERS PETE | DIRECTOR Trustee or director | 1 | $0 |
| LAWSON ROBBY | DIRECTOR Trustee or director | 1 | $0 |
| MCLAURIN TIA | DIRECTOR Trustee or director | 1 | $0 |
| BARRIER TIFFANY | DIRECTOR Trustee or director | 1 | $0 |
| FIELDS VALERIE | AT-LARGE Trustee or director | 1 | $0 |
| HOLMES YVETTE | DIRECTOR Trustee or director | 1 | $0 |
| VUNCANNON ZAC | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 333 FAYETTEVILLE ST STE 1150, RALEIGH, NC 27601-2952
- Principal officer (990 for 2024)
- BILL KING, 333 FAYETTEVILLE STREET 1150, RALEIGH, NC 27601
- Signed the 990
- BILL KING, PRESIDENT & CEO
- Phone
- (919) 532-1231
- Website
- WWW.DOWNTOWNRALEIGH.ORG
- Return prepared by
- SHARPE PATEL CPA
Mission
ADVANCING THE VITALITY OF DOWNTOWN RALEIGH FOR EVERYONE.
Program accomplishments
- THE DOWNTOWN RALEIGH COMMUNITY ENGAGEMENT, SAFETY, AND SOCIAL SERVICES OUTREACH PROGRAM FOSTERS A WELCOMING AND SAFE ENVIRONMENT IN DOWNTOWN THROUGH THE EFFORTS OF SAFETY AMBASSADORS 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 SAFETY 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.THE DOWNTOWN AMBASSADORS PROVIDE THE FOLLOWING SERVICES:BUSINESS CHECK-INSHOT SPOT CHECKSSAFE WALKSHOSPITALITY ASSISTANCE (INCLUDING DINING RECOMMENDATIONS, DIRECTIONS, AND MOTORIST ASSISTANCE)DIRECTIONSMOTORIST ASSISTSSAFETY AMBASSADORS DECK PATROLS
- 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 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 WHICH ADDS NEW JOBS AND EXPANDS 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 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.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 ORGANIZATIONAL AND PROGRAM WEBSITES, EMAIL NEWSLETTERS, AND SOCIAL MEDIA ACCOUNTS INCLUDING FACEBOOK, INSTAGRAM, X, AND LINKEDIN.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.
- THE BALANCED ACTIVATIONS PROGRAM SERVES AS THE FACE OF THE ORGANIZATION TO THE COMMUNITY. LIVE AFTER 5 IS A SUMMER CONCERT SERIES THAT TAKES PLACE ON THE LAST WEDNESDAYS OF THE MONTH FROM MAY TO AUGUST. 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.
- 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. THE PRIMARY GOAL OF THE ADVOCACY & SUSTAINABILITY PROGRAM IS TO BRING TOGETHER 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.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1994005
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,803,171
- Income (IRS master file)
- $4,037,115
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,037,115 | $4,079,533 | $1,803,171 | XML |
| 990 | June 2024 | $3,393,530 | $3,386,180 | $1,810,181 | XML |
| 990 | June 2023 | $3,074,121 | $2,885,176 | $1,726,101 | XML |
| 990 | June 2022 | $2,444,068 | $2,373,390 | $1,180,214 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-1994005).
Questions about DOWNTOWN RALEIGH ALLIANCE
- What is the EIN of DOWNTOWN RALEIGH ALLIANCE?
- The employer identification number (EIN) of DOWNTOWN RALEIGH ALLIANCE is 56-1994005.
- Is DOWNTOWN RALEIGH ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to DOWNTOWN RALEIGH ALLIANCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DOWNTOWN RALEIGH ALLIANCE 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 RALEIGH ALLIANCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN RALEIGH ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DOWNTOWN RALEIGH ALLIANCE?
- The 990 for the year ended June 30, 2025 names BILL KING.
- Who are the officers and directors of DOWNTOWN RALEIGH ALLIANCE?
- The 990 for the year ended June 30, 2025 lists 37 people; 1 received compensation from the organization, the highest $196,500 (BILL KING, PRESIDENT AND CEO).
- How much revenue does DOWNTOWN RALEIGH ALLIANCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,037,115, expenses of $4,079,533 and total assets of $1,803,171 at year end.
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