NonprofitsDowntownabq Mainstreet Initiative

Community Improvement & Capacity Building

Downtownabq Mainstreet Initiative

ALBUQUERQUE, NM

Total revenue

$659K

Total expenses

$735K

Net assets

$95K

Grants received

$315K

10 grants

EIN

464750143

Tax year

2024

Mission

The DowntownABQ MainStreet Initiative is a community redevelopment organization. Our mission is to promote and support downtowns economic, social, and creative vitality through community-driven projects and programs. A revitalized and vibrant downtown is a symbol of community economic health, local quality of life, pride, and community identity.

Programs

2 programs

Arts and Cultural District The Downtown Arts & Cultural District, made up of roughly 30 blocks in and around the Central Avenue corridor, works to support and promote creative work / local businesses and institutions, and increase visitors to the area. Albuquerques Downtown is home to a unique array of assets, including artists, designers, filmmakers, galleries, museums, theaters, musicians, music venues, city festivals, restaurants, food trucks / kitchens, breweries, coffee shops, and creative entrepreneurs living and working in both formal and informal spaces. 20,000 individuals were served.

Expenses: $210KGrants: $1K

Downtown Placemaking From our initial program to bring community placemaking to Civic Plaza which began in 2014, we have grown the program to bring placemaking to the larger Downtown. Through programming with Artwalk, a monthly downtown arts crawl event which we support through grant writing, event coordination, permitting, and promotion, to the Downtown Rail Trail community engagement project, to programs for murals and pop up music and food events, we strive to bring vitality to downtowns vacant and underutilized spaces. These programs are essential to bringing economic opportunity to our downtown businesses and organizations while providing community friendly events for our residents and visitors. Over 25,000 individuals were served.

Expenses: $230KGrants: $73K

Financials

FY 2024

Revenue

Contributions & grants$500K
Program service revenue$158K
Investment income$44
Other revenue$764
Total revenue$659K

Expenses

Grants paid$75K
Salaries & benefits$452K
Fundraising$19K
Other expenses$208K
Total expenses$735K
Total assets$144K
Net assets$95K

People

5 listed

NameRoleCompensation

Julia Youngs

President

Board

3 hrs/wk

Mario Semiglia

Treasurer

Board

1 hrs/wk

Ashley Rammelsberg

Director

Board

1 hrs/wk

Bethany Tabor

Secretary

Board

1 hrs/wk

Richard Meadows

Director

Board

1 hrs/wk

Grants received

Showing 10 of 10

FromAmountPurposeYear
$15K
GENERAL SUPPORT
2024
$5K
REDUCE YOUR USE GRANTS
2024
$110K
PROGRAM SERVICE
2023
$35K
GENERAL SUPPORT
2023
$20K
THE ALBUQUERQUE FERMENTATION & FUNGI FEST (ABQ FFF) IS AN ENGAGING, EDUCATIONAL AND INTERACTIVE FESTIVAL LAUNCHED IN 2023 AND PROVIDES EDUCATIONAL OPPORTUNITIES AND WORKSHOPS FOCUSED ON FERMENTATION AND FUNGI.
2023
$69K
DONOR ADVISED DISTRIBUTION
2022
$10K
ENHANCED ELEMENTS AT DOWNTOWN GROWERS MARKET AND ABQ ARTWALK.
2022
$28K
ACF HUMAN SERVICES
2020

Funded by

$315K from 5 funders · 10 grants · 2019–2024

Albuquerque Community Foundation

$160K · 5 grants · 2019–2024

Future Focused Education

$110K · 1 grant · 2023

Albuquerque Convention & Visitors Bureau

$30K · 2 grants · 2022–2023

The New Mexico Farmers Marketing

$10K · 1 grant · 2020

Pnm Tnmp Foundation

$5K · 1 grant · 2024

Details

EIN464750143
NTEE codeS31
Subsection03
Ruling date2014-07
Formed2014
Employees14
Volunteers20
DOWNTOWNABQ MAINSTREET INITIATIVE — Mission, Financials & Grants Received | Grantivo