EIN 45-1276191

Park Cedar Rapids

IRS 501(c) type
501(c)(4)
Num. employees
0
State
Year formed
2011
Most recent tax filings
2023-12-01
Description
Efficient, affordable parking system in downtown Cedar Rapids for employees and visitors. Catalyst for economic development. Education and outreach strategies implemented.
Related structure
Park Cedar Rapids is a subordinate organization under Cedar Rapids Metro Economic Alliance.
Also known as...
Downtown Parking Management
Total revenues
$3,375,643
2023
Total expenses
$3,765,392
2023
Total assets
$2,128,178
2023
Num. employees
0
2023

Program areas at Park Cedar Rapids

Provision of Parking facilities and system upgrades:the system provides space to about 3,900 Downtown employees and approximately 280,000 estimated visitor/event patrons. In addition, the system operates approximately 4,000 on street spaces with an estimated 322,000 annual on street transactions. Parking transactions annually are estimated to be 550,000 transactions. Dpmi continues to strive in creating a welcoming, safe environment through 24/7 security efforts and amenities. The amenities services program accommodates Parking patrons, should an unexpected situation occur, offering instant access to a range of services from courtesy jump starts, tire fill, to security assistance. Capital projects completed include elevator upgrades, roof replacements, deck sealing, security, lighting, skywalk and entrance gate upgrades.
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.
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.

Financials for Park Cedar Rapids

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$3,256,711
Investment income and dividends$7,535
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,500
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$108,897
Total revenues$3,375,643
Data update history
November 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 26, 2024
Updated personnel
Identified 1 new personnel
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 21, 2023
Updated personnel
Identified 6 new personnel
August 19, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizations
Issues
Community improvement
Characteristics
State / local levelNo full-time employees
General information
Address
349 4th Ave Se
Cedar Rapids, IA 52401
Metro area
Cedar Rapids, IA
County
Linn County, IA
Website URL
parkcedarrapids.com/ 
Phone
(319) 365-7275
IRS details
EIN
45-1276191
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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