Nonprofit · EIN 71-0602465
DOWNTOWN PARTNERSHIP
Tax-exempt · LITTLE ROCK, AR 72201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $818,768 | $841,283 | -$22,515 | $392,371 | $203,864 | $188,507 |
| December 31, 2023 | 990 | $674,713 | $779,402 | -$104,689 | $428,821 | $217,799 | $211,022 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $704,854
- of which government grants
- $388,591
- Membership dues
- $90,182
- Program service revenue
- $105,723
- Investment income
- $8,191
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,916
- Compensation of officers, directors and key employees
- $182,920
- Other salaries and wages
- $198,904
- Salaries, compensation and benefits (total)
- $431,062
- Professional fundraising fees
- $0
- Legal fees
- $1,597
- Accounting fees
- $16,716
- Occupancy
- $1,910
- Depreciation
- $2,456
- Program services (functional)
- $583,762
- Management and general (functional)
- $128,203
- Fundraising (functional)
- $129,318
Balance sheet and other
- Total assets, start of year
- $428,821
- Total assets, end of year
- $392,371
- Total liabilities, end of year
- $203,864
- Net assets, end of year
- $188,507
- Land, buildings and equipment
- $19,319
- Net assets without donor restrictions
- $139,460
- Net assets with donor restrictions
- $49,047
- Gross receipts
- $818,768
- Employees
- 5
- Volunteers
- 325
- Year formed
- 1999
- State of legal domicile
- AR
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 | Other / benefits |
|---|---|---|---|---|
| GABE HOLMSTROM | EXECUTIVE DIRECTOR Trustee or director | 40 | $169,633 | $6,785 |
| DAVID SARGENT | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| CAROL WORLEY | PAST PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| DOUG MEYER | METROCENTRE REPRESENTATIVE Trustee or director, Officer | 0 | $0 | $0 |
| DR DEAN KUMPURIS | CITY BOARD DIRECTOR Trustee or director, Officer | 0 | $0 | $0 |
| EMILY COX | ACTING CITY MANAGER Trustee or director, Officer | 0 | $0 | $0 |
| GINA GEMBERLING | LRCVB REPRESENTATIVE Trustee or director, Officer | 0 | $0 | $0 |
| HANK KELLEY | AT LARGE Trustee or director, Officer | 0 | $0 | $0 |
| JIMMY MOSES | AT LARGE Trustee or director, Officer | 0 | $0 | $0 |
| MAYOR FRANK D SCOTT JR | CITY OF LITTLE ROCK MAYOR Trustee or director, Officer | 0 | $0 | $0 |
| NATHAN COULTER | AT LARGE Trustee or director, Officer | 0 | $0 | $0 |
| NIKKI CRANE-HASTY | AT LARGE Trustee or director, Officer | 0 | $0 | $0 |
| PATTIE DAVIDSON | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| ALECIA CASTLEBERRY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ALEX THOMAS | DIRECTOR Trustee or director | 0 | $0 | $0 |
55 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY BLAKE | DIRECTOR Trustee or director | 0 | $0 |
| AMY MOOREHEAD | DIRECTOR Trustee or director | 0 | $0 |
| ARLTON LOWERY | DIRECTOR Trustee or director | 0 | $0 |
| BLAKE BOWLIN | DIRECTOR Trustee or director | 0 | $0 |
| BRENT BIRCH | DIRECTOR Trustee or director | 0 | $0 |
| CHAD CAUSEY | DIRECTOR Trustee or director | 0 | $0 |
| CHRIS EAST | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTA CLARK | DIRECTOR Trustee or director | 0 | $0 |
| COLIN CRAWFORD | DIRECTOR Trustee or director | 0 | $0 |
| DAVID HUTCHISON | DIRECTOR Trustee or director | 0 | $0 |
| DAVID LANG | DIRECTOR Trustee or director | 0 | $0 |
| DENISE HANSON | DIRECTOR Trustee or director | 0 | $0 |
| DR VICTORIA RAMIREZ | DIRECTOR Trustee or director | 0 | $0 |
| DREW WILLIAMS | DIRECTOR Trustee or director | 0 | $0 |
| ELIZABETH MICHAEL | DIRECTOR Trustee or director | 0 | $0 |
| GREG MCCARROLL | DIRECTOR Trustee or director | 0 | $0 |
| GUY CHOATE | DIRECTOR Trustee or director | 0 | $0 |
| HEARTSILL RAGON III | DIRECTOR Trustee or director | 0 | $0 |
| JACOB E HALL | DIRECTOR Trustee or director | 0 | $0 |
| JACOB FAIR | DIRECTOR Trustee or director | 0 | $0 |
| JAMES SULLIVAN | DIRECTOR Trustee or director | 0 | $0 |
| JAY HARTMAN | DIRECTOR Trustee or director | 0 | $0 |
| JEFF UTECHT | DIRECTOR Trustee or director | 0 | $0 |
| JEREMIAH WOOD | DIRECTOR Trustee or director | 0 | $0 |
| JOHN MARTIN | DIRECTOR Trustee or director | 0 | $0 |
| JOSH MALONE | DIRECTOR Trustee or director | 0 | $0 |
| JOY SECUBAN | DIRECTOR Trustee or director | 0 | $0 |
| JUSTIN ALLEN | DIRECTOR Trustee or director | 0 | $0 |
| KATY BARTLETT | DIRECTOR Trustee or director | 0 | $0 |
| KELLEY BASS | DIRECTOR Trustee or director | 0 | $0 |
| KELLI MCDANIELS | DIRECTOR Trustee or director | 0 | $0 |
| LESLEY NALLEY | DIRECTOR Trustee or director | 0 | $0 |
| LISA LAKE | DIRECTOR Trustee or director | 0 | $0 |
| MANDY MARSHALL | DIRECTOR Trustee or director | 0 | $0 |
| MARK STODOLA | DIRECTOR Trustee or director | 0 | $0 |
| MARTI NICHOLSON | DIRECTOR Trustee or director | 0 | $0 |
| MATTHEW DEARNLEY | DIRECTOR Trustee or director | 0 | $0 |
| MIMI SAN PEDRO | DIRECTOR Trustee or director | 0 | $0 |
| NATALIE GHIDOTTI | DIRECTOR Trustee or director | 0 | $0 |
| ODELL NICKELBERRY | DIRECTOR Trustee or director | 0 | $0 |
| PHIL BRANDON | DIRECTOR Trustee or director | 0 | $0 |
| QUANTIA KEY FLETCHER | DIRECTOR Trustee or director | 0 | $0 |
| REBECCA TENNILLE | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT KLEIN | DIRECTOR Trustee or director | 0 | $0 |
| ROSS CRANFORD | DIRECTOR Trustee or director | 0 | $0 |
| SARAH BETH LEADER | DIRECTOR Trustee or director | 0 | $0 |
| SARAH THOMAS | DIRECTOR Trustee or director | 0 | $0 |
| SHANNON HEARD | DIRECTOR Trustee or director | 0 | $0 |
| SHEALYN SOWERS | DIRECTOR Trustee or director | 0 | $0 |
| STACI MILLER | DIRECTOR Trustee or director | 0 | $0 |
| STANLEY HASTINGS JR | DIRECTOR Trustee or director | 0 | $0 |
| TRACY CRYDER | DIRECTOR Trustee or director | 0 | $0 |
| VALERIE ERKMAN | DIRECTOR Trustee or director | 0 | $0 |
| WANDA HOOVER | DIRECTOR Trustee or director | 0 | $0 |
| WILL TRICE | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 71 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GABE HOLMSTROM | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $170,739 | $11,278 |
| CAROL WORLEY | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| DAVID SARGENT | VICE PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| PATTIE DAVIDSON | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| BRENT BIRCH | PAST PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| CHRIS EAST | AT LARGE Trustee or director, Officer | 0 | $0 | $0 |
| HANK KELLEY | AT LARGE Trustee or director, Officer | 0 | $0 | $0 |
| JIMMY MOSES | AT LARGE Trustee or director, Officer | 0 | $0 | $0 |
| GINA GEMBERLING | LRVCB REPRESENTATIVE Trustee or director, Officer | 0 | $0 | $0 |
| DOUG MEYER | METROCENTRE REPRESENTATIVE Trustee or director, Officer | 0 | $0 | $0 |
| DR DEAN KUMPURIS | CITY BOARD OF DIRECTORS Trustee or director, Officer | 0 | $0 | $0 |
| BRUCE MOORE | CITY MANAGER Trustee or director, Officer | 0 | $0 | $0 |
| MAYOR FRANK D SCOTT JR | CITY OF LITTLE ROCK MAYOR Trustee or director, Officer | 0 | $0 | $0 |
| MADELINE BALGAVY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| KATY BARTLETT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| KELLEY BASS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JUSTIN AVERY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| COLLEEN BAILEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PATRICIA BLICK | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PHIL BRANDON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BLAKE BOWLIN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JAY CHESSHIR | DIRECTOR Trustee or director | 0 | $0 | $0 |
| CHRISTA CLARK | DIRECTOR Trustee or director | 0 | $0 | $0 |
| NATE COULTER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| NATHAN COULTER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| NIKKI CRANE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ROSS CRANFORD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GUY CHOATE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| CASEY COVINGTON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DR CHRISTINA DRALE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JACOB FAIR | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JACOB E HALL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JUSTIN ALLEN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ROCKY GOODMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DENISE HANSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JAY HARTMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| STANLEY HASTINGS JR | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SHANNON HEARD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| COLIN CRAWFORD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JUDGE BARRY HYDE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ANNE LAIDLAW | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DAVID LANG | DIRECTOR Trustee or director | 0 | $0 | $0 |
| VALERIE ERKMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TOMMY LASITER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ARLTON LOWERY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| KYLE JAMES | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MANDY MARSHALL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JOHN MARTIN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GREG MCCARROLL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DAVID HUTCHISON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| STACI MILLER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| LISA LAKE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ODELL NICKELBERRY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PAUL PARNELL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| HEARTSILL RAGON III | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SARAH BETH LEADER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| LESLEY NALLEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MIMI SAN PEDRO | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MARTI NICHOLSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ROSS OWYOUNG | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MARK STODOLA | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GREG PIRKLE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DEBBIE SHOCK | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JAMES SULLIVAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| REBECCA TENNILLE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ALEX THOMAS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DREW WILLIAMS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| WILL TRICE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JEFF UTECHT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JEREMIAH WOOD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SARAH THOMAS | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 E CAPITOL AVE STE 106, LITTLE ROCK, AR 72201-3821
- Principal officer (990 for 2024)
- KYLE LEYENBERGER, 101 E CAPITOL AVE SUITE 106 106, LITTLE ROCK, AR 72201
- Signed the 990
- KYLE LEYENBERGER, EXECUTIVE DIRECTOR
- Phone
- (501) 375-0121
- Website
- WWW.DOWNTOWNLR.COM
- Return prepared by
- LANDMARK PLC CPAS
Mission
THE ORGANIZATION STRIVES TO PROVIDE LEADERSHIP BY ADDRESSING OR ADVOCATING FOR PLANNING, LEGISLATION, TRANSPORTATION, ECONOMIC DEVELOPMENT AND NUMEROUS PUBLIC AND PRIVATE INITIATIVES. THESE INITIATIVES SERVE TO STRENGTHEN THE OVERALL DOWNTOWN BUSINESS, CULTURAL, ENTERTAINMENT, RECREATIONAL, AND RESIDENTIAL COMMUNITIES AND TO ENHANCE THE IMAGE OF DOWNTOWN LITTLE ROCK.
Program accomplishments
- DOWNTOWN DEVELOPMENT - TO STIMULATE AND ENCOURAGE THE MODERNIZATION AND DEVELOPMENT OF THE CENTRAL BUSINESS DISTRICT OF THE CITY OF LITTLE ROCK, AR, IN ORDER TO PREVENT URBAN BLIGHT AND DECAY, REDUCE UNSAFE AND UNSANITARY CONDITIONS FOR THE BENEFIT OF THE GENERAL PUBLIC. THE COMPANY CREATED A MAIN STREET REVITALIZATION COMMITTEE TO ASSIST WITH 'TURNING THE CORNER ON MAIN STREET'. THE COMMITTEE PARTNERED WITH THE CITY OF LITTLE ROCK IN THE REVITALIZATION EFFORTS. EARLY SUCCESSES HAVE INCLUDED THE ANNOUNCEMENT OF RENOVATIONS TO THE BUILDING AT 315 MAIN STREET FOR A JAZZ CAFE AND BAR, AND APARTMENTS, A SECURITY CAMERA AT THE CORNER OF 3RD AND MAIN, AND THE COMPLETION OF STREETSCAPE ALTERATIONS AT THE REPERTORY THEATRE.LEADERSHIP, ADVOCACY, AND FUNDRAISING ASSISTANCE FOR MCARTHUR PARK GROUP'S DEVELOPMENT OF A MASTER PLAN TO UPGRADE HISTORIC MCARTHUR PARK TO A 'CLASS A' PARK DESIGNATION AS WELL AS BETTER INTEGRATION OF THE PARK WITH IT'S HISTORIC NEIGHBORHOOD IN AN URBAN SETTING. THE GROUP HAS ALSO DEVELOPED THE MUSEUM ART AND HERITAGE (WALKING) TRAIL AND THE ACCOMPANYING AWARD WINNING ARKANSAS POLITICAL HISTORY AUDIO TOUR.Expenses $583,762 · grants $50,916 · revenue $105,723
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
- 71-0602465
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $392,371
- Income (IRS master file)
- $818,768
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $818,768 | $841,283 | $392,371 | XML |
| 990 | December 2023 | $674,713 | $779,402 | $428,821 | XML |
| 990 | December 2022 | $750,502 | $714,496 | $519,430 | IRS |
| 990 | December 2021 | $731,848 | $651,757 | $484,652 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 71-0602465).
Questions about DOWNTOWN PARTNERSHIP
- What is the EIN of DOWNTOWN PARTNERSHIP?
- The employer identification number (EIN) of DOWNTOWN PARTNERSHIP is 71-0602465.
- Is DOWNTOWN PARTNERSHIP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to DOWNTOWN PARTNERSHIP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN PARTNERSHIP 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 PARTNERSHIP 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 PARTNERSHIP 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 PARTNERSHIP?
- The 990 for the year ended December 31, 2024 names KYLE LEYENBERGER.
- Who are the officers and directors of DOWNTOWN PARTNERSHIP?
- The 990 for the year ended December 31, 2024 lists 70 people; 1 received compensation from the organization, the highest $169,633 (GABE HOLMSTROM, EXECUTIVE DIRECTOR).
- How much revenue does DOWNTOWN PARTNERSHIP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $818,768, expenses of $841,283 and total assets of $392,371 at year end.
Other nonprofits in LITTLE ROCK
- ARKANSAS BLACK MAYORS ASSOCIATION INC EIN 71-0818651 · last filed 990 for 2024
- BETTER COMMUNITY DEVELOPMENT INC EIN 58-1807967 · last filed 990 for 2023
- ARKANSAS AMBULANCE ASSOCIATION EIN 45-0473983 · last filed 990 for 2025
- BE PRO BE PROUD INC EIN 87-4554939 · last filed 990 for 2024
- ARKANSAS RESEARCH ALLIANCE EIN 26-2160988 · last filed 990 for 2025
- LITTLE ROCK WORKFORCE DEVELOPMENT BOARD EIN 95-4896420 · last filed 990 for 2025
- SOUTHERN RENEWABLE ENERGY ASSOCIATION EIN 83-1399468 · last filed 990 for 2024
- WOMENS FOUNDATION OF ARKANSAS EIN 30-0034070 · last filed 990 for 2025
All nonprofits in LITTLE ROCK · Arkansas · Community improvement and capacity building