Downtown ABQ Mainstreet Initiative
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$144K
-39.0% YoY
Revenue
$659K
+32.3% YoY
Net Investment Income
$44
-69.7% YoY
Expenses
$735K
+40.8% YoY
About Downtown ABQ Mainstreet Initiative
Based on IRS filings
Downtown ABQ Mainstreet Initiative is a nonprofit organization focused on Community Improvement & Capacity Building, based in ALBUQUERQUE, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $144K in total assets. Net investment income was $44.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $144,476 | $236,672 | $218,689 |
| Revenue | $659,059 | $498,195 | $478,976 |
| Expenses | $734,653 | $521,635 | $406,340 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $44 | $145 | $25 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Open Grants
2 open opportunities from Downtown ABQ Mainstreet Initiative
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Julia Youngs | President | 3 | — |
| Mario Semiglia | Treasurer | 1 | — |
| Ashley Rammelsberg | Director | 1 | — |
| Bethany Tabor | Secretary | 1 | — |
| Richard Meadows | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Downtown ABQ Mainstreet Initiative?
Downtown ABQ Mainstreet Initiative is a nonprofit organization focused on Community Improvement & Capacity Building, based in ALBUQUERQUE, NM. It holds $144K in total assets as of 2024.
How large is Downtown ABQ Mainstreet Initiative?
As of 2024, Downtown ABQ Mainstreet Initiative holds $144K in total assets with $659K in annual revenue.
Where does Downtown ABQ Mainstreet Initiative operate?
Downtown ABQ Mainstreet Initiative has awarded grants in New Mexico.
What is Downtown ABQ Mainstreet Initiative's EIN?
Downtown ABQ Mainstreet Initiative's EIN (Employer Identification Number) is 46-4750143. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Downtown ABQ Mainstreet Initiative's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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