Downtown Fresno Foundation

Nonprofit profile at a glance

EIN
473825104
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024, Form 990-N 2019
Location
Fresno, CA, USA
Phone
5594909966
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Public, Society Benefit N.E.C.

Official website

Reported finances

Revenue
$136,542
Expenses
$126,791
Assets
$247,883
Liabilities
$221,977

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

Leadership & pay

11 people listed

People named in this filing

  • Veronica Stumpf (Chairman)
  • Dan Zack (Chairman)
  • Angela Cardona (Treasurer)

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

To enhance our community by providing resources and support to downtown Fresno stakeholders.

What it reported doing in 2024

Downtown Academy - Fresnos Leading Young Professionals established Downtown Academy in 2010 to answer the question: how do we make downtown Fresno a vibrant place to live and work? In 2016, the Downtown Fresno Partnership and Fresnos Leading Young Professionals joined forces to make the program even bigger and better. This year, the program enters its 7th cohort with over 100 graduating members. So, what is Downtown Academy? Downtown Academy is a 10-month award-winning collaborative program designed to connect key business, government, and community leaders with forward-thinking young professionals to explore downtown Fresno, how we got here and where were headed. Downtown Academy is exclusively offered to members of Fresnos Leading Young Professionals. Downtown Academy received the 2016 Leadership & Management Excellence Award from the International Downtown Association and has been referred to by former Fresno mayor, Ashley Swearengin, as one of the best programs to come out of the revitalization movement 3/3/2016.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.9%; rating input score 92
  • Program expense ratio: 99%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 7.1%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 1.96; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.9; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 16.4% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 17.2% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 91.9% of revenue deployed · 99% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $126K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Sustainability: Operating margin scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.