EIN 41-0761732

Minneapolis Downtown Council (MDC)

Name: Minneapolis Downtown Council (MDC) financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(6)

Num. employees

City

Minneapolis

State

Minnesota

Year formed

1956

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Minneapolis Downtown Council is committed to creating an extraordinary downtown.

Also known as...

Downtown Council of Minneapolis

Total revenues

$4,288,686

2022

Total expenses

$4,533,918

2022

Total assets

$2,429,398

2022

Num. employees

2022

Program areas at MDC

Through its core services and programs, the Minneapolis Downtown Council strives to accomplish its stated goals of 1) advancing the long term vision set out in its Downtown 2025 plan, 2) growing membership and membership services, 3) enhancing public safety and the Downtown experience, and 4) fostering effective partnerships with government.

Who funds Minneapolis Downtown Council (MDC)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Piper Sandler Foundation	2022-12	Regional Giving	$50,000
The Minneapolis Foundation	2023-03	Community & Economic Development	$40,000
Minneapolis Downtown Improvement District (DID)	2022-12	In Support of Various Programs	$9,500
...and 2 more grants received

Personnel at MDC

Name	Title	Compensation	Date of data
Steve Cramer	President and Chief Executive Officer	$288,311	2023-11-13
Kathryn Reali	Chief Operating Officer	$188,742	2022-12-31
Leah Wong	Vice President of External Relations / Vice President of Marketing and Comm. / Vice President Marketing and Events / Vice President of Marketing and Communications	$171,494	2022-12-31
Jesse Osendorf	Director of Safety - Did / Director of Operations	$123,007	2021-12-31
Sharae Sledge	Finance Director	$122,612	2022-12-31
...and 5 more key personnel

Financials for MDC

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$1,613,779	$1,260,745	28%
Program services	$2,442,739	$1,854,921	31.7%
Investment income and dividends	$1	$1	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$232,167	$106,165	118.7%
Miscellaneous revenues	$0	$0	-
Total revenues	$4,288,686	$3,221,832	33.1%

Form 990s for MDC

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-13	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-06-25	990	View PDF
2018-12	2019-10-31	990	View PDF
...and 8 more Form 990s

Organizations like MDC

Organization	Type	Location	Revenue
Downtown Alliance	501(c)(6)	Salt Lake City, UT	$2,960,274
Downtown Raleigh Alliance	501(c)(6)	Raleigh, NC	$2,444,068
Bellevue Downtown Association	501(c)(6)	Bellevue, WA	$2,240,376
San Luis Obispo Downtown Association	501(c)(6)	San Luis Obispo, CA	$1,172,958
Capitol Riverfront Business Improvement District (BID)	501(c)(6)	Washington, DC	$4,125,775
Downtown Reno Partnership	501(c)(6)	Reno, NV	$2,994,626
Rosslyn Business Improvement District (BID)	501(c)(6)	Arlington, VA	$4,474,944
Downtown Norfolk Council (DNC)	501(c)(6)	Norfolk, VA	$2,621,273
Downtown Business Improvement District (DBID)	501(c)(6)	Washington, DC	$16,513,182
Orange County Technology Action Network Octane (OCTANE)	501(c)(6)	Newport Beach, CA	$2,767,794

Data update history

January 16, 2024

Updated personnel

Identified 6 new personnel

January 11, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 3, 2024

Received grants

Identified 6 new grant, including a grant for $50,000 from Piper Sandler Foundation

December 28, 2023

Used new vendors

Identified 5 new vendors, including , , , , and

July 29, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Business and community development organizationsMuseumsHeadquarter / parent organizations

Issues

Community improvementEconomic developmentBusiness and industry

Characteristics

MembershipsState / local levelReceives government fundingCommunity engagement / volunteeringGala fundraisers

General information

Address: 81 S 9th St 260; Minneapolis, MN 55402
Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
County: Hennepin County, MN
Website URL: mplsdowntown.com/
Phone: (612) 338-3807
Facebook page: MplsDowntown
Twitter profile: @mplsdowntown

IRS details

EIN: 41-0761732
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1956
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 7121: Museums, Historical Sites, and Similar Institutions
Parent/child status: Central organization

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Minneapolis Downtown Council (MDC)

Program areas at MDC

Who funds Minneapolis Downtown Council (MDC)

Personnel at MDC

Financials for MDC

Form 990s for MDC

Organizations like MDC

Nonprofits

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