Downtown Caldwell Business Improvement District Inc

Nonprofit profile at a glance

EIN
821520074
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Caldwell, ID, USA
Phone
2086495010
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$311,636
Expenses
$315,000
Assets
$54,631
Liabilities
$178

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • JEFF HUNSICKER (PRESIDENT)

People named in this filing

  • HEATH ALBERS (BOARD MEMBER)
  • MOYA DOLSBY (BOARD MEMBER)
  • GINA DOWEN (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Downtown caldwell business improvement district, inc. Was established to administer and expend business improvement district funds in downtown caldwell. The organization was appointed by the city of caldwell to accomplish the goals of the business improvement district including, but not limited to: 1. Promoting public events within the district 2. Promoting retail trade, and professional activities within the district 3. Manage, develop, and promote the district 4. Recruit new businesses and assist with redevelopment within the district 5. Undertake or participate in other activities deemed necessary or desirable for the district. 6. Improve the physical appearance of the district 7. Fund operations of the indian creek plaza

What it reported doing in 2024

The organization's program services are accomplished through grants awarded to destination caldwell, inc. Destination caldwell manages indian creek plaza in downtown caldwell through an operating agreement with the city. The plaza hosts events such as a weekly concert series and farmer's market during the summer season, indian creek festival, winter wonderland, as well as other family entertainment, cultural events and educational outreach programs throughout the year. The plaza is transformed into a public iceskating rink during the winter season. During 2024, the plaza hosted over 300 programmed days of activities, including 17 signature events. Drawing approximately 367,000 people to downtown caldwell, of which 37,000 were skating patrons. A welcome center is open during events to provide information about the community's offerings. In addition, destination caldwell continued to provide advertising and promotional support to stimulate agritourism through expansion of their program called "agventure trail". The organization also promotes "farm to fork" by connecting local farmers, consumers, and downtown businesses, specifically through the "farm to fork" farmer's market. The farmer's market, in coorindation with the Idaho farmer's market association and local producers, continued to expand access to fresh, local food for low-income familes. The organization continued to support destination caldwell in managing special projects aimed towards improving the beautification and cleanliness of the plaza while continuing to promote new and existing businesses within the district and surrounding community. In addition, destination caldwell provided businesses with promotional resources, and promoted retail trade, and professional activities in the district and surrounding community. In partnership with the city of caldwell, the organization managed a public "wayfinding" business directory and district map project to further enhance and promote accessibility and economic development within the district.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 94
  • Accountability: 70
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.1%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 0.7% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 2.2% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 20.8% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 11 of 11 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $315K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.