NonprofitsDowntown Phoenix Inc

Community Improvement & Capacity Building

Downtown Phoenix Inc

PHOENIX, AZ

Total revenue

$5.6M

Total expenses

$5.1M

Net assets

$2.1M

Grants received

$1.3M

2 grants

EIN

860673650

Tax year

2024

Mission

To provide enhanced services to the downtown phoenix core area

Programs

2 programs

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: $562K

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: $223K

Financials

FY 2024

Revenue

Contributions & grants$5.2M
Program service revenue$388K
Investment income$6K
Other revenue$11K
Total revenue$5.6M

Expenses

Grants paid
Salaries & benefits$3.3M
Fundraising$25K
Other expenses$1.8M
Total expenses$5.1M
Total assets$3.8M
Net assets$2.1M

People

24 listed

NameRoleCompensation

DEVNEY MAJERLE

PRESIDENT/CEO

Board

$235K

40 hrs/wk

STACY DERSTINE

TREASURER

Board

1 hrs/wk

CINDY DACH

DIRECTOR

Board

1 hrs/wk

DERRICK HALL

DIRECTOR

Board

1 hrs/wk

DON GARNER

DIRECTOR

Board

1 hrs/wk

EVA OLIVAS

DIRECTOR

Board

1 hrs/wk

HON KATE GALLEGO

DIRECTOR

Board

1 hrs/wk

JEFFREY BARTON

DIRECTOR

Board

1 hrs/wk

JIM PITMAN

DIRECTOR

Board

1 hrs/wk

MIKE EBERT

CHAIR

Board

1 hrs/wk

MARIA CHAVIRA

DIRECTOR

Board

1 hrs/wk

MO STEIN

DIRECTOR

Board

1 hrs/wk

RICHARD ROMANE

DIRECTOR

Board

1 hrs/wk

RICK NAIMARK

DIRECTOR

Board

1 hrs/wk

RON PRICE

DIRECTOR

Board

1 hrs/wk

STEPHANIE VASQUEZ

DIRECTOR

Board

1 hrs/wk

TERRY BURKE

DIRECTOR

Board

1 hrs/wk

KYLE JARDINE

DIRECTOR

Board

1 hrs/wk

DIANE HALLER

VICE CHAIR

Board

1 hrs/wk

HEATHER KANE

VICE CHAIR

Board

1 hrs/wk

KEN VAN WINKLEJR

SECRETARY

Board

1 hrs/wk

RICHARD PRICE

CGO

Staff

$157K

40 hrs/wk

SUZANNE HERRMANN

CONTROLLER

Staff

$109K

40 hrs/wk

MARK HUTFLESZ

SENIOR DIRECTOR, STREET OPERATIONS

Staff

$101K

40 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$1.3M
STATEMENT OF MERGER FILED - SEE SCHEDULE N
2022
$2K
Community
2018

Funded by

$1.3M from 2 funders · 2 grants · 2018–2022

Downtown Phoenix Inc

$1.3M · 1 grant · 2022

The Torosian Foundation

$2K · 1 grant · 2018

Details

EIN860673650
NTEE codeS200
Subsection03
Ruling date1991-09
Formed1990
Employees75
Volunteers264
DOWNTOWN PHOENIX INC — Mission, Financials & Grants Received | Grantivo