NonprofitsDowntown Parking Management Inc

Community Improvement & Capacity Building

Downtown Parking Management Inc

CEDAR RAPIDS, IA

Total revenue

$3.5M

Total expenses

$3.8M

Net assets

Grants received

EIN

451276191

Tax year

2024

Mission

To provide efficient, convenient, and affordable parking options for downtown cedar rapids

Programs

2 programs

Provision of parking services to facilitate job growth and economic development:to aid in fostering, supporting and encouraging growth and development of jobs, and the development of new business and industry, dpmi has developed a suite of parking incentive and subsidy programs to spur investment in the greater downtown area. The programs enable businesses, employers and employees the opportunity to receive discounts off of monthly parking rates and have helped catalyze more than 650 jobs annually. To date 13 existing companies were offered parking incentives and/or parking subsidy solutions. Retention and expansion of existing jobs and business consumes approximately 33 percent of dpmi's time.

Expenses: $1.0M

Education and communication with parking system users:in order to improve public perception of parking in downtown cedar rapids and to leverage parking as a significant tool and catalyst for economic development, dpmi has initiated significant outreach strategies. "park cedar rapids" campaign was launched in october 2011 to inform the general public and downtown stakeholders of a new and enhanced parking system - one focused on superior customer service, improved security and positive experience. Communication mechanisms ranged from creating a new interactive website, partnering with the media, hosting q&a community outreach events, and implementing an ambassador program to assist the general public and stakeholders with the use of the new parking technologies.

Expenses: $1.0M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$3.4M
Investment income$15K
Other revenue$17K
Total revenue$3.5M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$3.8M
Total expenses$3.8M
Total assets$2.2M
Net assets

People

7 listed

NameRoleCompensation

DUSEK JON

CHAIRMAN

Board

1 hrs/wk

CARLSON CHRIS

DIRECTOR

Board

1 hrs/wk

CORKERY MATT

DIRECTOR

Board

1 hrs/wk

KERNS CORY

DIRECTOR (THRU JUNE)

Board

1 hrs/wk

TIMKO FRED

DIRECTOR

Board

1 hrs/wk

ZYLSTRA DAVID

DIRECTOR

Board

1 hrs/wk

BAACK RYAN

GENERAL MANAGER

Board

40 hrs/wk

Independent contractors

PCI MUNICIPAL SERVICES LLC

PAYROLL AND RELATED EXPENSES

$1.5M

PATE ASPHALT

PAVING PARKING LOT

$262K

Details

EIN451276191
NTEE codeS99
Subsection04
Ruling date2014-08
Formed2011
Employees0
Volunteers6
DOWNTOWN PARKING MANAGEMENT INC — Mission, Financials & Grants Received | Grantivo