Overview

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Est.

1999

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Downers Grove Downtown Management Corporation, operating under EIN 36-4288709, is dedicated to promoting business development and enhancing property values in Downers Grove. With an operating budget of $444.5K and total revenue of $521.8K for the filing year 2024, the organization focuses on fostering a vibrant downtown business environment. Additional information can be found on their website at www.downtowndg.org.

Mission Statement

PROMOTING THE DEVELOPMENT AND EXPANSION OF BUSINESS AND THE INCREASED VALUATION OF PROPERTY.
Revenues
$521.8K
Expenses
$444.5K
Net Income:
+$77.3K
Assets
$547.5K
Liabilities
$350
Net Assets:
+$547.2K
Operating Budget
$444.5K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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P
Phil Stromberg
Board Member
T
Theresa Schulz
Board Member
K
Kathy Burns
Board Member

Frequently Asked Questions

What is DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION’s budget?
In 2024, DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION reported an annual operating budget of around $445 thousand. More detailed financial information is available to registered users.
What causes does DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION support?
DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION supports work in Business promotion.
Where does DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION operate?
DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION is headquartered in Downers Grove, IL.
What is DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION’s reliance on government grants?
DOWNERS GROVE DOWNTOWN MANAGEMENT CORPORATION relied on government grants for more than 75% of their total revenue in 2024.