Nonprofit · EIN 86-0673650
DOWNTOWN PHOENIX INC
Tax-exempt · PHOENIX, AZ 85004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,640,557 | $5,108,364 | $532,193 | $3,828,420 | $1,764,029 | $2,064,391 |
| December 31, 2023 | 990 | $5,524,073 | $5,345,566 | $178,507 | $3,420,717 | $1,137,425 | $2,283,292 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,235,518
- of which government grants
- $4,707,631
- Program service revenue
- $387,513
- Investment income
- $6,030
- Other revenue
- $11,496
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $242,387
- Other salaries and wages
- $2,391,617
- Salaries, compensation and benefits (total)
- $3,336,851
- Professional fundraising fees
- $0
- Legal fees
- $9,402
- Accounting fees
- $25,005
- Occupancy
- $305,949
- Travel
- $10,065
- Depreciation
- $90,517
- Program services (functional)
- $4,022,062
- Management and general (functional)
- $1,061,324
- Fundraising (functional)
- $24,978
Balance sheet and other
- Total assets, start of year
- $3,420,717
- Total assets, end of year
- $3,828,420
- Total liabilities, end of year
- $1,764,029
- Net assets, end of year
- $2,064,391
- Land, buildings and equipment
- $455,976
- Net assets without donor restrictions
- $2,064,391
- Gross receipts
- $5,640,557
- Employees
- 75
- Volunteers
- 264
- Year formed
- 1990
- State of legal domicile
- AZ
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 |
|---|---|---|---|---|
| DEVNEY MAJERLE | PRESIDENT/CEO Officer | 40 | $234,942 | $7,445 |
| RICHARD PRICE | CGO Highest-paid employee | 40 | $157,190 | $9,645 |
| SUZANNE HERRMANN | CONTROLLER Highest-paid employee | 40 | $108,808 | $8,225 |
| MARK HUTFLESZ | SENIOR DIRECTOR, STREET OPERATIONS Highest-paid employee | 40 | $100,686 | $16,234 |
| MIKE EBERT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DIANE HALLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HEATHER KANE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEN VAN WINKLEJR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STACY DERSTINE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CINDY DACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DERRICK HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DON GARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVA OLIVAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HON KATE GALLEGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY BARTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM PITMAN | DIRECTOR Trustee or director | 1 | $0 |
| KYLE JARDINE | DIRECTOR Trustee or director | 1 | $0 |
| MARIA CHAVIRA | DIRECTOR Trustee or director | 1 | $0 |
| MO STEIN | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD ROMANE | DIRECTOR Trustee or director | 1 | $0 |
| RICK NAIMARK | DIRECTOR Trustee or director | 1 | $0 |
| RON PRICE | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE VASQUEZ | DIRECTOR Trustee or director | 1 | $0 |
| TERRY BURKE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEVNEY MAJERLE | PRESIDENT/CEO Officer | 40 | $227,380 | $20,734 |
| RICHARD PRICE | CGO Highest-paid employee | 40 | $147,755 | $35,777 |
| SUZANNE HERRMANN | CONTROLLER Highest-paid employee | 40 | $108,976 | $9,157 |
| MIKE EBERT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DIANE HALLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HEATHER KANE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEN VAN WINKLEJR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STACY DERSTINE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CINDY DACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DERRICK HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DON GARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVA OLIVAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HON KATE GALLEGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY BARTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM PITMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE JARDINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA CHAVIRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MO STEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ROMANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK NAIMARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON PRICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE VASQUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRY BURKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 E WASHINGTON ST STE 230, PHOENIX, AZ 85004-2719
- Principal officer (990 for 2024)
- DEVNEY MAJERLE, 1 EAST WASHINGTON SUITE 230, PHOENIX, AZ 85004
- Signed the 990
- DEVNEY MAJERLE, PRESIDENT & CEO
- Phone
- (602) 744-6403
- Website
- WWW.DTPHX.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO FACILITATE COLLABORATION, CULTIVATE CONNECTIONS, AND CONTRIBUTE TO THE GROWTH AND VITALITY OF OUR COMMUNITY. TO GENERATE PROGRESS ON ISSUES, WORK TOWARD SUSTAINABLE GROWTH, AND BUILD A STRONGER, MORE INCLUSIVE CITY CORE THAT GENERATES POSITIVE PERCEPTIONS, MEMORABLE EXPERIENCES, AND A SENSE OF PRIDE IN DOWNTOWN.
Program accomplishments
- STREETSCAPE AND URBAN DESIGN: TO MAINTAIN THE DISTRICTS LANDSCAPE AND PEDESTRIAN AMENITIES. COORDINATION TO CREATE PEDESTRIAN FRIENDLY EXPERIENCE AND A UNIQUE IDENTITY FOR DOWNTOWN PHOENIX. STREETSCAPE MAINTENANCE: INCLUDES TREE MAINTENANCE AND REPLACEMENT, MAINTENANCE OF THE IRRIGATION SYSTEM FROM THE GROUND UP.SPECIAL PROJECTS: ADVISORY GROUP REPRESENTING ALL DOWNTOWN INTEREST, PROVIDES STREET ENTERTAINMNET AND LIVE MUSIC EACH MONTH DURING THE FIRST FRIDAY AND ART WALK TO PROMOTE TRAFFIC ESTABLISHMENTS.Expenses $3,236,360 · revenue $387,513
- MARKETING: TO PROVIDE A BUSINESS DIRECTORY, DINING GUIDE, CALENDAR OF EVENTS AND QUARTERLY NEWSPAPER TO THE PUBLIC. PROVIDE A FORUM FOR MERCHANTS TO DISCUSS COMMON ISSUES AND DEVELOP SPECIAL PROMOTIONS AND EVENTS.Expenses $562,272
- BUSINESS DEVELOPMENT: ECONOMIC DEVELOPMENT WITHIN THE BUSINESS IMPROVEMENT DISTRICT. WE WORK WITH DEVELOPERS TO FIND AVAILABLE PROPERTIES, BROKERS TO IDENTIFY AVAILABLE OFFICE/TENANT SPACES AND INCREASE BUSINESS AND RESIDENTIAL OCCUPANY IN THE DOWNTOWN AREA.Expenses $223,430
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
- 86-0673650
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $3,828,420
- Income (IRS master file)
- $5,640,557
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,640,557 | $5,108,364 | $3,828,420 | XML |
| 990 | December 2023 | $5,524,073 | $5,345,566 | $3,420,717 | XML |
| 990 | December 2022 | $5,691,701 | $4,290,219 | $2,328,732 | 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 86-0673650).
Questions about DOWNTOWN PHOENIX INC
- What is the EIN of DOWNTOWN PHOENIX INC?
- The employer identification number (EIN) of DOWNTOWN PHOENIX INC is 86-0673650.
- Is DOWNTOWN PHOENIX INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to DOWNTOWN PHOENIX INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN PHOENIX 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 PHOENIX 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 PHOENIX 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 PHOENIX INC?
- The 990 for the year ended December 31, 2024 names DEVNEY MAJERLE.
- Who are the officers and directors of DOWNTOWN PHOENIX INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 4 received compensation from the organization, the highest $234,942 (DEVNEY MAJERLE, PRESIDENT/CEO).
- How much revenue does DOWNTOWN PHOENIX INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,640,557, expenses of $5,108,364 and total assets of $3,828,420 at year end.
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