Nonprofit · EIN 74-2862219
DOWNTOWN AUSTIN DEVELOPMENT CORPORATION
Also known as DOWNTOWN TRUST
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $392,207 | $500,360 | -$108,153 | $617,946 | $28,182 | $589,764 |
| April 30, 2024 | 990 | $180,167 | $173,930 | $6,237 | $707,125 | $9,208 | $697,917 |
| April 30, 2023 | 990 | $430,787 | $139,140 | $291,647 | $692,808 | $1,128 | $691,680 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $381,092
- of which government grants
- $250,000
- Program service revenue
- $11,115
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $79,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $78,280
- Occupancy
- $69,148
- Travel
- $521
- Program services (functional)
- $421,069
- Management and general (functional)
- $1,011
- Fundraising (functional)
- $78,280
Balance sheet and other
- Total assets, start of year
- $707,125
- Total assets, end of year
- $617,946
- Total liabilities, end of year
- $28,182
- Net assets, end of year
- $589,764
- Net assets without donor restrictions
- $255,258
- Net assets with donor restrictions
- $334,506
- Gross receipts
- $392,207
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1997
- State of legal domicile
- TX
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Brown | Director Trustee or director | 1 | $0 |
| Jenny Wiebrand | Director Trustee or director | 1 | $0 |
| Dewitt Peart | Secretary Trustee or director | 1 | $0 |
| Saul Paul | Director Trustee or director | 1 | $0 |
| Xavier Pena | Director Trustee or director | 1 | $0 |
| Nick Moulinet | Chair Officer | 1 | $0 |
990 for the year ended April 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Brown | Director Trustee or director | 1 | $0 |
| Jenny Wiebrand | Director Trustee or director | 1 | $0 |
| Dewitt Peart | Secretary Trustee or director | 1 | $0 |
| Saul Paul | Director Trustee or director | 1 | $0 |
| Xavier Pena | Director Trustee or director | 1 | $0 |
| Nick Moulinet | Chair Trustee or director, Officer | 1 | $0 |
990 for the year ended April 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Brown | Director Trustee or director | 1 | $0 |
| Jenny Wiebrand | Director Trustee or director | 1 | $0 |
| Dewitt Peart | Secretary Trustee or director | 1 | $0 |
| Saul Paul | Director Trustee or director | 1 | $0 |
| Xavier Pena | Director Trustee or director | 1 | $0 |
| Andy Austin | Director Trustee or director | 1 | $0 |
| Nick Moulinet | Chair Officer | 1 | $0 |
| Molly Alexander | Executive Director Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 515 CONGRESS AVE STE 2150, AUSTIN, TX 78701-3561
- In care of
- % CHARLES BETTS
- Mailing address (990-N for 2019)
- 515 Congress Ave Suite 2150, Austin TX 78701
- Principal officer (990 for 2024)
- Davon Barbour, 515 Congress Ave Suite 2150, Austin, TX 78701
- Principal officer (990-N for 2019)
- Dewitt Peart, 515 Congress Ave Suite 2150, Austin TX 78701
- Signed the 990
- Davon Barbour, Secretary
- Phone
- (512) 469-1766
- Website
- downtownaustin.com
Mission
To enhance the downtown area of Austin, Texas, and to support and implement the Downtown Vision of the Austin DMO, Inc. d.b.a. Downtown Austin Alliance and implement services and projects benficial to Downtown Austin, including parks improvement projects and other large scale projects.
Program accomplishments
- The Foundation's mission is to ignite the potential of downtown-through art and creative spaces that capture the spirit of Austin-by and for everyone. The Foundation is charged with implementing key projects that support the Downtown Alliance's vision. That includes holding the management contract to operate, program and fund Republic Square, as well as leading place-based activations. The drive-in format was used to host creative community events such as slam poetry nights. In addition to commissioning murals, during the fiscal year the Foundation held a mural art and park tour bike ride, showcasing a curated collection of inspirational and iconic murals in and around downtown. In addition, Republic Square was activated with a weekly farmer's market as well as a diverse array of other culturaland community-focused events. Expanded partnership with Mexi-Arte including increased cultural programming and education at Republic Square and targeted efforts (block canvassing and 2 open house events) to engage the buisness community in the creation of a Cultural Heritage District. "Launched Downtown Austin Space Activation (DASA) program at 506 Congress with 500+ activations in FY 24-25 supporting artists, creatives and community organizations with affordable space. "Expenses $421,069 · grants $79,000 · revenue $390,235
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 74-2862219
- 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
- 1998
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C125)
- Assets (IRS master file)
- $617,946
- Income (IRS master file)
- $392,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $392,207 | $500,360 | $617,946 | XML |
| 990 | April 2024 | $180,167 | $173,930 | $707,125 | XML |
| 990 | April 2023 | $430,787 | $139,140 | $692,808 | XML |
| 990-EZ | April 2022 | – | – | – | IRS |
| 990-EZ | April 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Dewitt Peart | April 30, 2020 | ≤ $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 74-2862219).
Questions about DOWNTOWN AUSTIN DEVELOPMENT CORPORATION
- What is the EIN of DOWNTOWN AUSTIN DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN AUSTIN DEVELOPMENT CORPORATION is 74-2862219.
- Is DOWNTOWN AUSTIN DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to DOWNTOWN AUSTIN DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN AUSTIN DEVELOPMENT CORPORATION 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 AUSTIN DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN AUSTIN DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of DOWNTOWN AUSTIN DEVELOPMENT CORPORATION?
- The 990 for the year ended April 30, 2025 names Davon Barbour.
- Who are the officers and directors of DOWNTOWN AUSTIN DEVELOPMENT CORPORATION?
- The 990 for the year ended April 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN AUSTIN DEVELOPMENT CORPORATION have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $392,207, expenses of $500,360 and total assets of $617,946 at year end.
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