2023-07-12T10:42:18-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-01-01 451276191 DOWNTOWN PARKING MANAGEMENT INC DOWN 3193657275 349 4TH AVE SE CEDAR RAPIDS IA 52401 DAVID ZYLSTRA BOARD CHAIR 3193657275 2023-07-10 1 DAVID ZYLSTRA 999009999 0 DAVID LITTLE P01480921 3193632697 2023-07-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PARK CEDAR RAPIDS DAVID ZYLSTRA 349 4TH AVE SE CEDAR RAPIDS IA 52401 3106069 0 X WWW.PARKCEDARRAPIDS.COM X 2011 IA TO PROVIDE EFFICIENT, CONVENIENT, AND AFFORDABLE PARKING OPTIONS FOR DOWNTOWN CEDAR RAPIDS 5 5 0 5 0 0 0 0 2887655 3098140 -201547 4661 10034 3268 2696142 3106069 0 0 0 0 0 0 0 0 0 3554058 3352996 3554058 3352996 -857916 -246927 2652564 2245768 3321958 3162089 -669394 -916321 X 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. 0 0 1465898 0 3098140 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. IN ADDITION, THE SYSTEM OPERATES APPROXIMATELY 4,000 ON STREET SPACES WITH AN ESTIMATED 322,000 ANNUAL ON STREET TRANSACTIONS. PARKING TRANSACTIONS ANNUALLY ARE ESTIMATED TO BE 550,000 TRANSACTIONS. DPMI CONTINUES TO STRIVE IN CREATING A WELCOMING, SAFE ENVIRONMENT THROUGH 24/7 SECURITY EFFORTS AND AMENITIES. THE AMENITIES SERVICES PROGRAM ACCOMMODATES PARKING PATRONS, SHOULD AN UNEXPECTED SITUATION OCCUR, OFFERING INSTANT ACCESS TO A RANGE OF SERVICES FROM COURTESY JUMP STARTS, TIRE FILL, TO SECURITY ASSISTANCE. CAPITAL PROJECTS COMPLETED INCLUDE ELEVATOR UPGRADES, ROOF REPLACEMENTS, DECK SEALING, SECURITY, LIGHTING, SKYWALK AND ENTRANCE GATE UPGRADES. 666317 0 0 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 AND INDUSTRY, DPMI HAS DEVELOPED A SUITE OF PARKING INCENTIVE AND SUBSIDY PROGRAMS TO SPUR INVESTMENT IN THE GREATER DOWNTOWN AREA. THE PROGRAMS ENABLE BUSINESSES, EMPLOYERS AND EMPLOYEES THE OPPORTUNITY TO RECEIVE DISCOUNTS OFF OF MONTHLY PARKING RATES AND HAVE HELPED CATALYZE MORE THAN 650 JOBS ANNUALLY. TO DATE 13 EXISTING COMPANIES WERE OFFERED PARKING INCENTIVES AND/OR PARKING SUBSIDY SOLUTIONS. RETENTION AND EXPANSION OF EXISTING JOBS AND BUSINESS CONSUMES APPROXIMATELY 33 PERCENT OF DPMI'S TIME. 533054 0 0 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 FOR ECONOMIC DEVELOPMENT, DPMI HAS INITIATED SIGNIFICANT OUTREACH STRATEGIES. "PARK CEDAR RAPIDS" CAMPAIGN WAS LAUNCHED IN OCTOBER 2011 TO INFORM THE GENERAL PUBLIC AND DOWNTOWN STAKEHOLDERS OF A NEW AND ENHANCED PARKING SYSTEM - ONE FOCUSED ON SUPERIOR CUSTOMER SERVICE, IMPROVED SECURITY AND POSITIVE EXPERIENCE. COMMUNICATION MECHANISMS RANGED FROM CREATING A NEW INTERACTIVE WEBSITE, PARTNERING WITH THE MEDIA, HOSTING Q&A COMMUNITY OUTREACH EVENTS, AND IMPLEMENTING AN AMBASSADOR PROGRAM TO ASSIST THE GENERAL PUBLIC AND STAKEHOLDERS WITH THE USE OF THE NEW PARKING TECHNOLOGIES. 2665269 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X RYAN BAACK 3193657275 349 4TH AVE SE CEDAR RAPIDS IA 52401 X ZYLSTRA DAVID CHAIRMAN 1.00 X X 0 0 0 CORKERY MATT DIRECTOR 1.00 X 0 0 0 DUSEK JON DIRECTOR 1.00 X 0 0 0 KERNS CORY DIRECTOR 1.00 X 0 0 0 TIMKO FRED DIRECTOR 1.00 X 0 0 0 BAACK RYAN GENERAL MANAGER 40.00 X 0 0 0 0 0 0 0 0 0 0 PCI MUNICIPAL SERVICES LLC 12 MAUCHLY BUILDING 1 IRVINE CA 92618 PAYROLL AND RELATED EXPENSES 1347978 CARRIER ACCESS IT LC 1050 DEPOT LN SE 100 CEDAR RAPIDS IA 52401 IT SERVICES 117728 2 PARKING REVENUE 812930 2878646 2878646 DERECHO INSURANCE PROC 524126 219494 219494 3098140 4661 4661 MISCELLANEOUS 812930 3268 3268 3268 3106069 3098140 0 7929 X 107589 77838 29751 17412 17412 1319753 1012347 307406 17388 9714 7674 105297 24520 80777 221814 151112 70702 382413 382413 42374 42374 297982 215582 82400 240286 148736 91550 DEBT SERVICE PAYMENT 390399 390399 SALES TAX 179436 179436 GENERAL OPERATING SUPPL 27996 27941 55 BAD DEBT EXPENSE 2857 2857 3352996 2665269 687727 0 869326 188425 255349 588137 134633 98347 50437 92416 4909702 3631259 1342819 1278443 2652564 2245768 2737717 2771685 198735 385506 390404 3321958 3162089 X -669394 -916321 -669394 -916321 2652564 2245768 -246927 0 X X 0 1 X 1 0 1764743 776635 988108 3144959 2854624 290335 1278443 DUE TO CITY OF CEDAR RAPIDS 390404 390404 X 3106069 0 3106069 0 3106069 3352996 0 3352996 0 3352996 PART X, LINE 2: THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES AN INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE INTERNAL REVENUE SERVICE HAS NOT DETERMINED THAT THE COMPANY IS A PRIVATE FOUNDATION. THE COMPANY FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE COMPANY FOLLOWS THE ACCOUNTING STANDARDS TO EVALUATE UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 3 THE DAY-TO-DAY PARKING OPERATIONS OF THE COMPANY HAVE BEEN CONTRACTED OUT TO PARKING CONCEPTS INC. HOWEVER, THE OVERALL MANAGEMENT OF THE ORGANIZATION IS STILL RETAINED BY THE DIRECTORS AND MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE CEDAR RAPIDS METRO ECONOMIC ALLIANCE (ECONOMIC ALLIANCE) AND THE CEDAR RAPIDS DOWNTOWN SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT (DOWNTOWN SSMID) SHALL BE MEMBERS OF DPMI. FORM 990, PART VI, SECTION A, LINE 7A THE ECONOMIC ALLIANCE SHALL APPOINT TWO DIRECTORS AND THE DOWNTOWN SSMID WILL APPOINT TWO DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS SHALL HAVE THE RIGHT TO REMOVE AND FILL VACANCIES OF ANY DIRECTOR POSITION UPON MAJORITY VOTE OF THE MEMBERS. THE ARTICLES OF INCORPORATION MAY ONLY BE AMENDED WITH THE APPROVAL OF THE MEMBERS. THE BYLAWS MAY ONLY BE AMENDED BY A MAJORITY VOTE OF THE DIRECTORS AND APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN A DRAFT WAS PROVIDED TO THE CONTRACT CFO AND THE ECONOMIC ALLIANCE STAFF LIAISON FOR REVIEW. THE FINAL DRAFT IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, VOLUNTEERS AND EMPLOYEES. THERE IS GENERAL DISCUSSION PERIODICALLY WITH THE BOARD CONCERNING POTENTIAL CONFLICTS OF INTEREST. THE MAJORITY OF BOARD MEMBERS NOT IN CONFLICT MAKE THE DETERMINATION WHETHER A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT. IF AN ACTUAL CONFLICT ARISES, IT WOULD BE RESOLVED TO THE SATISFACTION OF THE ENTIRE BOARD AND THE BOARD MEMBER IN CONFLICT WOULD RECUSE THEMSELVES FROM ANY DELIBERATION AND VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, WHICH INCLUDE THE CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ECONOMIC ALLIANCE, LOCATED AT 501 1ST ST. SE, CEDAR RAPIDS, IA 52401. THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES - PCI: PROGRAM SERVICE EXPENSES 803,287. MANAGEMENT AND GENERAL EXPENSES 307,034. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,110,321. CONTRACTED SERVICES - CITY OF CEDAR RAPIDS: PROGRAM SERVICE EXPENSES 132,115. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,115. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 22,668. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,668. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 54,277. MANAGEMENT AND GENERAL EXPENSES 372. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,649. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CEDAR RAPIDS METRO ECONOMIC ALLIANCE 501 FIRST ST SE CEDAR RAPIDS IA 52401 420172900 MEMBER OF THE ORGANIZATION IA 501(C)(6) 0 CEDAR RAPIDS DOWNTOWN SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT 501 FIRST ST SE CEDAR RAPIDS IA 52401 262872566 MEMBER OF THE ORGANIZATION IA 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 CEDAR RAPIDS METRO ECONOMIC ALLIANCE M 84600 FMV