Downtown Brookings
Nonprofit profile at a glance
- EIN
- 922921941
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Brookings, SD, USA
- Phone
- 6056201685
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $179,134
- Expenses
- $168,673
- Assets
- $169,451
- Liabilities
- $841
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Renee Bauman (President)
- Tom Fishback (Vice President)
People named in this filing
- Renee Bauman (President)
- Nathaniel Condelli (Treasurer)
- Tom Fishback (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Downtown Brookings creates economic vitality by educating, connecting, and creating opportunity. The Board of Directors and ExecutiveDirector conduct the economic vitality activities. Economic vitality activities take place in the Central Business District of Brookings, SD. Fiftypercent of the time is allocated to economic vitality. The activity is funded through donations, grants, fees, and municipal funds. Economicvitality furthers our exempt purpose by sharing information and resources, identifying economic opportunities, partnering with area organizationsand government bodies, and creating a supportive environment to help new and existing businesses thrive, including informational booklets andbusiness development education.
What it reported doing in 2024
Downtown Brookings is a charitable organization that educates the public on the importance of investing in historic preservation, Arts, and smallbusiness. We create opportunities for the public to focus on local, to build a thriving and engaging historic Main Street.Downtown Brookings promotes our neighborhood through storytelling, marketing, and events. The Board of Directors and Executive Directorconduct the promotional activities. Promotional activities take place in the Central Business District of Brookings, SD. Twenty-five percent of thetime is allocated to promotion. The activity is funded through donations, grants, fees, and municipal funds. Promotions furthers our exemptpurpose by inviting the community to interact with our small businesses and to participate in educational opportunities while generating funds toinvest in historic preservation.Downtown Brookings creates economic vitality by educating, connecting, and creating opportunity.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 100
- Sustainability: 48
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.9%; rating input score 46
- Program expense ratio: 48.8%; rating input score 49
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 5.8%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 31.5%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -49.8% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 45.9% of revenue deployed · 48.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $82K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 50/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.