Public Charity

DOWNTOWN PARKING MANAGEMENT INC

DOWNTOWN PARKING MANAGEMENT INC, of CEDAR RAPIDS, IA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $3.5M in revenue, $3.8M in expenses, $2.2M in total assets.

EIN: 451276191 CEDAR RAPIDS, IA Community Improvement & Capacity Building N.E.C. NTEE: S99 Latest filing: 2024
Total Revenue$3.5M
Total Expenses$3.8M
Total Assets$2.2M
Grant Records0
Filing Years2019–2024

Mission

THE MISSION OF DOWNTOWN PARKING MANAGEMENT, INC. (DPMI) IS TO PROVIDE EFFICIENT, CONVENIENT AND AFFORDABLE PARKING OPTIONS FOR DOWNTOWN CEDAR RAPIDS. DPMI'S VISION IS TO ENHANCE THE DOWNTOWN TENANT AND VISITOR EXPERIENCE AND BE A CATALYST FOR ECONOMIC DEVELOPMENT.

Where $100 goes at Downtown Parking Management Inc

How Downtown Parking Management Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$84 Programs the work itself
$16 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $84 for programs

$28
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
34% of program spending
$28
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…
33% of program spending · Reported in the filing: 650 jobs
$28
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…
33% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

GENERAL MANAGER Baack Ryan
DIRECTOR Carlson Chris
DIRECTOR Corkery Matt
CHAIRMAN Dusek Jon
DIRECTOR (THRU JUNE) Kerns Cory
DIRECTOR Timko Fred

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $3.5M $3.8M $2.2M
2023 $3.4M $3.8M $2.1M
2022 $3.1M $3.4M $2.2M
2020 $2.6M $3.5M $2.8M
2019 $4.4M $4.5M $3.5M

Between 2019 and 2024, reported annual revenue declined from $4.4M to $3.5M (-22%), with total assets most recently reported at $2.2M.

Interactive year-over-year charts and full filing details available with membership.

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