DOWNTOWN RALEIGH ALLIANCE INC

EIN: 561994005

RALEIGH, NC

Total Revenue
$4,037,115
Total Expenses
$4,079,533
Total Assets
$1,803,171
Net Assets
$1,162,554
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NC
Principal Officer
BILL KING
Phone
9195321231
Tax Period
2024-07-01 to 2025-06-30

DOWNTOWN RALEIGH ALLIANCE INC, founded in 1996, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

ADVANCING THE VITALITY OF DOWNTOWN RALEIGH FOR EVERYONE.

Program Service Accomplishments

Program 1

THE DOWNTOWN RALEIGH COMMUNITY ENGAGEMENT, SAFETY, AND SOCIAL SERVICES OUTREACH PROGRAM FOSTERS A WELCOMING AND SAFE ENVIRONMENT IN DOWNTOWN THROUGH THE EFFORTS OF SAFETY AMBASSADORS WHO PATROL THE...

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THE DOWNTOWN RALEIGH COMMUNITY ENGAGEMENT, SAFETY, AND SOCIAL SERVICES OUTREACH PROGRAM FOSTERS A WELCOMING AND SAFE ENVIRONMENT IN DOWNTOWN THROUGH THE EFFORTS OF SAFETY AMBASSADORS WHO PATROL THE PUBLIC REALM WITHIN THE MUNICIPAL SERVICES DISTRICT SEVEN DAYS A WEEK. THE SAFETY AMBASSADORS ALSO PROVIDE A STRONG, UNIFORMED PRESENCE, ENHANCING THE SENSE OF SAFETY WITH THEIR PATROLS OF THE MUNICIPALLY-OWNED PARKING DECKS AND LOTS. CLAD IN HIGHLY VISIBLE BLUE UNIFORMS AND EQUIPPED WITH HAND-HELD RADIOS, THE SAFETY AMBASSADORS SERVE AS SUPPLEMENTARY "EYES AND EARS" FOR THE DOWNTOWN DIVISION OF THE RALEIGH POLICE DEPARTMENT.IN ADDITION, THE AMBASSADOR TEAM CONTINUES TO INCREASE INTERACTIONS WITH THE COMMUNITY BY PROVIDING ONGOING INFORMATIONAL AND SAFETY PRESENTATIONS FOR BUSINESSES AND STAKEHOLDER GROUPS, PREPARING NEW EMPLOYEES MOVING INTO DOWNTOWN RALEIGH, AND HOLDING MONTHLY MEETINGS WITH THE RALEIGH POLICE DISTRICT CAPTAIN TO STRATEGIZE WAYS TO LOWER CRIME. THIS PROACTIVE APPROACH HELPS BUILD TRUST AND COLLABORATION WITHIN THE COMMUNITY.THE DOWNTOWN AMBASSADORS PROVIDE THE FOLLOWING SERVICES:BUSINESS CHECK-INSHOT SPOT CHECKSSAFE WALKSHOSPITALITY ASSISTANCE (INCLUDING DINING RECOMMENDATIONS, DIRECTIONS, AND MOTORIST ASSISTANCE)DIRECTIONSMOTORIST ASSISTSSAFETY AMBASSADORS DECK PATROLS

Program 2

THE PRIMARY GOALS OF THE STOREFRONT DEVELOPMENT PROGRAM ARE TO CONTRIBUTE TO DOWNTOWN RALEIGH'S ECONOMIC SUCCESS BY ATTRACTING NEW BUSINESSES TO VACANT STOREFRONTS, PROVIDING MARKET DATA TO ATTRACT...

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THE PRIMARY GOALS OF THE STOREFRONT DEVELOPMENT PROGRAM ARE TO CONTRIBUTE TO DOWNTOWN RALEIGH'S ECONOMIC SUCCESS BY ATTRACTING NEW BUSINESSES TO VACANT STOREFRONTS, PROVIDING MARKET DATA TO ATTRACT NEW INVESTMENT AND EMPLOYERS, AND OFFERING NEW OPPORTUNITIES AND RESOURCES TO A DIVERSE SET OF BUSINESSES AND ENTREPRENEURS. DRA MONITORS PEDESTRIAN COUNTERS IN DOWNTOWN TO MEASURE FOOT TRAFFIC, HELPING TO ATTRACT TENANTS AND AID LAND USE DECISIONS. DRA CONTINUED ITS UPFIT GRANT WITH THE GOAL OF CREATING AN INCENTIVE TO ATTRACT NEW RETAIL OR AID IN THE EXPANSION OF EXISTING RETAIL IN DOWNTOWN RALEIGH. IN PARTNERSHIP WITH THE CITY OF RALEIGH, OUR ECONOMIC DEVELOPMENT STAFF ACTIVELY WORKS WITH RETAIL BROKERS AND LANDLORDS TO FILL STOREFRONT SPACES IN DOWNTOWN WHICH ADDS NEW JOBS AND EXPANDS TAX REVENUES. DRA CONTINUED ITS PARTNERSHIP WITH WAKE TECH TO PROVIDE POP-UP SPACE FOR MINORITY- AND WOMEN-OWNED RETAIL BUSINESSES. THE ECONOMIC DATA AND ANALYSIS TRACKED EACH YEAR IS TRANSLATED INTO DRA'S STATE OF DOWNTOWN REPORT. THE REPORT INCLUDES MARKET TRENDS, POPULATION DATA AND PROJECTIONS, DATA ON DOWNTOWN DEVELOPMENT, AND OVERVIEWS OF EVERYTHING DOWNTOWN. THE REPORT COMPLEMENTS OUR STATE OF DOWNTOWN ANNUAL EVENT, ATTENDED BY DOWNTOWN'S TOP BUSINESS LEADERS AND COMMUNITY MEMBERS.DRA ALSO CONDUCTS PLANNING AND TRANSPORTATION INITIATIVES TO IMPROVE ACCESSIBILITY AND CONNECTIVITY IN DOWNTOWN RELATED TO BICYCLE, PEDESTRIAN, TRANSIT, AND PARKING INFRASTRUCTURE. DRA PROVIDED COMMUNITY MEETINGS AND SUPPORT FOR IMPROVEMENTS IN ACCESSIBILITY, CHANGES TO DOWNTOWN PARKING, AND ADVOCACY FOR NEW BIKE LANES IN DOWNTOWN.DOWNTOWN RALEIGH ALLIANCE'S MARKETING EFFORTS SHARE THE ORGANIZATION'S MISSION WITH OUR STAKEHOLDERS, BRING VISIBILITY TO THE ORGANIZATION AND THE DOWNTOWN COMMUNITY, AND POSITION DOWNTOWN RALEIGH AS A VIBRANT CITY CENTER.DRA'S COMMUNICATIONS CHANNELS INCLUDE ORGANIZATIONAL AND PROGRAM WEBSITES, EMAIL NEWSLETTERS, AND SOCIAL MEDIA ACCOUNTS INCLUDING FACEBOOK, INSTAGRAM, X, AND LINKEDIN.MARKETING CAMPAIGNS, INCLUDING BLOGS TO HIGHLIGHT CULTURAL AND AFFINITY CELEBRATIONS SUCH AS BLACK HISTORY MONTH AND WOMEN'S HISTORY MONTH, RETAIL PROMOTIONS SUCH AS RESTAURANT WEEK AND HOLIDAY HUB, AND EVENT-SPECIFIC PROMOTIONS FOR FIRST FRIDAY, ILLUMINATE ART WALK, LIVE AFTER 5, AND OTHERS GARNERED NEARLY 1 MILLION IMPRESSIONS ACROSS CHANNELS.

Program 3

THE BALANCED ACTIVATIONS PROGRAM SERVES AS THE FACE OF THE ORGANIZATION TO THE COMMUNITY. LIVE AFTER 5 IS A SUMMER CONCERT SERIES THAT TAKES PLACE ON THE LAST WEDNESDAYS OF THE MONTH FROM MAY TO...

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THE BALANCED ACTIVATIONS PROGRAM SERVES AS THE FACE OF THE ORGANIZATION TO THE COMMUNITY. LIVE AFTER 5 IS A SUMMER CONCERT SERIES THAT TAKES PLACE ON THE LAST WEDNESDAYS OF THE MONTH FROM MAY TO AUGUST. THIS MUSIC SERIES ALSO BRINGS FOOT TRAFFIC TO DOWNTOWN RESTAURANTS MID-WEEK AND ENCOURAGES DOWNTOWN OFFICE WORKERS TO STAY AFTER WORK FOR A FUN EVENING.OTHER ACTIVATIONS AROUND DOWNTOWN, SUCH AS THE FEMINIST FIRST FRIDAY, ILLUMINATE ART WALK EVENTS, AND JAZZ IN THE SQUARE, ALSO DREW HEIGHTENED ATTENTION AND INTEREST FROM THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $321,807
Program Service Revenue $3,709,045
Investment Income $6,263
Other Revenue $0
TOTAL REVENUE $4,037,115

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,454,419
Fundraising Expenses $0
Other Expenses $2,625,114
TOTAL EXPENSES $4,079,533

Year-over-Year Comparison

2024 2023 Change
Revenue $4,037,115 $3,393,530 +0.2%
Expenses $4,079,533 $3,386,180 +0.2%
Net Income $-42,418 $7,350 -6.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
37
Independent Members
36
Employees
17
Volunteers
36

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$196,500
Total Directors
37
$196,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL KING PRESIDENT AND CEO 20.00
Officer Director
$196,500 $0 $196,500
SKIP HILL BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MIKE MUNN BOARD VICE CHAIR/COMING CHAIR 1.00
Officer Director
$0 $0 $0
PAULETTE DILLARD BOARD IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
BO DEMPSTER BOARD LEGAL COUNSEL 1.00
Officer Director
$0 $0 $0
EMILY WILLIAMS BOARD TREASURER 1.00
Officer Director
$0 $0 $0
BRITT THOMAS BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
TIA MCLAURIN AT-LARGE MEMBER 1.00
Director
$0 $0 $0
DERRICK REMER AT-LARGE MEMBER 1.00
Director
$0 $0 $0
NICHOLLE ALLEN-STEELE DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY BARRIER DIRECTOR 1.00
Director
$0 $0 $0
NATALIE BATTEN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS BUDNICK DIRECTOR 1.00
Director
$0 $0 $0
STACEY BUESCHER DIRECTOR 1.00
Director
$0 $0 $0
PETE BYERS DIRECTOR 1.00
Director
$0 $0 $0
ADRIENNE COLE DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
JANET COWELL DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
DENNY EDWARDS DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
DAVID ELLIS DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
ANNA GRACE FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
KASSIA GIBBS DIRECTOR 1.00
Director
$0 $0 $0
RUFFIN HALL DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
YVETTE HOLMES DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE IBARRA DIRECTOR 1.00
Director
$0 $0 $0
CARLY JONES DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN MAKENA DIRECTOR 1.00
Director
$0 $0 $0
LT MCCRIMMON DIRECTOR 1.00
Director
$0 $0 $0
REBECCA QUINN-WOLF DIRECTOR 1.00
Director
$0 $0 $0
EVAN RALEIGH DIRECTOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
DAVIS ROACH DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
LAUREN ROMER DIRECTOR 1.00
Director
$0 $0 $0
GREGG SANDREUTER DIRECTOR 1.00
Director
$0 $0 $0
JAMIE SCHWEDLER DIRECTOR 1.00
Director
$0 $0 $0
DANNY SEATON DIRECTOR 1.00
Director
$0 $0 $0
FELICIA TRUJILLO DIRECTOR 1.00
Director
$0 $0 $0
OWEN WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,037,115 $4,079,533 $1,803,171 $-42,418
2024 $3,393,530 $3,386,180 $1,810,181 $7,350
2023 $3,074,121 $2,885,176 $1,726,101 $188,945
2022 $2,444,068 $2,373,390 $1,180,214 $70,678
2021 $2,645,621 $2,642,346 $1,270,940 $3,275
2020 $2,204,693 $1,870,616 $1,118,081 $334,077
2019 $1,987,868 $1,887,551 $851,505 $100,317
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