Public Charity

Downtown ABQ Mainstreet Initiative

Downtown ABQ Mainstreet Initiative is a Public Charity headquartered in Albuquerque, NM. Financial data from the 2024 filing: $659K revenue, $735K expenses, $144K total assets. 14 publicly reported grants to this organization, totaling roughly $561K, appear in IRS filings.

EIN: 464750143 Albuquerque, NM Latest filing: 2024
Total Revenue$659K
Total Expenses$735K
Total Assets$144K
Grant Records14
Funding Total$561K
Filing Years2020–2024

Mission

The DowntownABQ MainStreet Initiative is a community redevelopment organization. Our mission is to promote and support downtowns economic, social, and creative vitality through community-driven projects and programs. A revitalized and vibrant downtown is a symbol of community economic health, local quality of life, pride, and community identity.

Sample Grants Received

2024
GENERAL SUPPORT
$15,000
2023
PROGRAM SERVICE
$110,000
2023
GENERAL SUPPORT
$35,000
2023
THE ALBUQUERQUE FERMENTATION & FUNGI FEST (ABQ FFF) IS AN ENGAGING, EDUCATIONAL AND INTERACTIVE FESTIVAL LAUNCHED IN 2023 AND PROVIDES EDUCATIONAL OPPORTUNITIES AND WORKSHOPS FOCUSED ON FERMENTATION AND FUNGI.
$20,000
2022
DONOR ADVISED DISTRIBUTION
$69,075

Showing up to 5 of 14 total records — full history available with membership.

Officers & Directors

Director Ashley Rammelsberg
Secretary Bethany Tabor
President Julia Youngs
Treasurer Mario Semiglia
Director Richard Meadows

Officer compensation and complete director data available with membership.

Top Grant Purposes

MAYOR'S PRIZE
$110,125 1 grant
PROGRAM SERVICE
$110,000 1 grant
COMMUNITY DEVELOPMENT
$100,000 1 grant
DONOR ADVISED DISTRIBUTION
$69,075 1 grant
GENERAL SUPPORT
$50,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $659K $735K $144K
2023 $498K $522K $237K
2022 $479K $406K $219K
2021 $352K $321K $124K
2020 $342K $276K $123K

Between 2020 and 2024, reported annual revenue grew from $342K to $659K (+93%), with total assets most recently reported at $144K.

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

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