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Downtown Management Corporation of Ft Myers Florida Inc

EIN 65-0542768 · Fort Myers, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood72 out of 100GovernanceFair56 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

RIVER DISTRICT ALLIANCE. MISSION STATEMENT: TO STIMULATE AND SUPPORT CULTURAL, CREATIVE, AND COMMERCIAL SUCCESS INCLUDING ART, MUSIC, THEATRE, CULINARY, AND RETAIL WITHIN THE HEART OF THE RIVER DISTRICT; ALL OF THE PURPOSE OF REVITALIZATION AND REDEVELOPMENT OF OUR VALUABLE HISTORIC, RESIDENTIAL, AND COMMERCIAL DISTRICTS.VISION STATEMENT: CONSTANTLY ENHANCING AND SUPPORTING THE RIVER DISTRICT WITH SPIRIT, AMBITION AND DEDICATION

Income
$469,243
Spending
$460,144
Spent on programs
76%
Reserves
3.6 months of spending
Largest source of income
government grants, 65%
Employees
2
Volunteers
2,400
Highest pay
$109,750, president

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 72 out of 100. Higher than 47% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.6 months of spending.

  • Debt

    10 of 20

    It owes 33% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    15 of 15

    Income rose 3% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 56 out of 100. Higher than 20% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    13 of 11 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $318,458 spent. OTHER PROGRAM EVENTS INCLUDED, BUT WERE NOT LIMITED TO SATURDAY ART FAIRS, BIKE NIGHTS, CRUISE INS, HOLIDAY DECORATIONS, HOLIDAY STROLL, CINCO DE MAYO, PET WALK, ST PATRICK'S DAY, VETERAN'S DAY PARADE AND NEW YEAR'S EVE CELEBRATIONS. THE OVERHEAD EXPENSES OF THE RIVER DISTRICT ALLIANCE. ALL OF THESE EVENTS WERE HELD IN ORDER TO PROMOTE DOWNTOWN BUSINESSES OF ALL TYPES AND TO DRAW PEOPLE DOWNTOWN TO EAT, SHOP AND BE ENTERTAINED.
  2. $31,936 spent. MONTHLY ART, MUSIC AND MYSTERY WALKS. HUNDREDS OF PEOPLE COME DOWNTOWN ON THE FIRST AND THIRD FRIDAY OF EACH MONTH TO GO TO ART GALLERIES, HAVE DINNER, LISTEN TO MUSIC, GO TO PLAYS, PARTICIPATE IN ALL THAT IS GOING ON DOWNTOWN.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2000.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.