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.
Downtown ABQ Mainstreet Initiative at a glance
In short: Downtown ABQ Mainstreet Initiative reported $73K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $72,735 — reported as a total on the IRS filing, without an itemized list
- +28994.0% vs 2023
- Total assets
- $144,476
- -39.0% vs 2023
- Revenue (2024)
- $659,059
- +32.3% vs 2023
- Net investment income (2024)
- $44
- -69.7% vs 2023
- Expenses (2024)
- $734,653
- +40.8% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Downtown ABQ Mainstreet Initiative
Open Grants
2 open opportunities from Downtown ABQ Mainstreet Initiative
516 ARTS: The Fulcrum Fund
Downtown ABQ Mainstreet Initiative
Amount
Up to $10,000
Deadline
Deadline not published
Creative Capital Grant Program
Downtown ABQ Mainstreet Initiative
Amount
$50,000 in direct funding plus $50,000 in career development services
Deadline
Deadline not published
Who Downtown ABQ Mainstreet Initiative funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $250 (2023) to $73K (2024). In 2024 it reported $73K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Enchanted Pop-Up Albuquerque, NM | Artwalk grant | $13,140 |
| The OT Circus Albuquerque, NM | Activate the Alleys project | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $144,476 | $659,059 | $734,653 | $72,735 | Total only | $44 |
| 2023 | $236,672 | $498,195 | $521,635 | $250 | Total only | $145 |
| 2022 | $218,689 | $478,976 | $406,340 | $588 | Total only | $25 |
| 2021 | $124,273 | $351,957 | $320,981 | $23,140 | 2 | — |
| 2020 | $122,985 | $341,629 | $276,282 | $7,100 | 1 | — |
| 2019 | $26,157 | $331,933 | $394,564 | $7,100 | 1 | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Downtown ABQ Mainstreet Initiative
Based on IRS filings
Downtown ABQ Mainstreet Initiative is a public charity focused on Community Improvement & Capacity Building, based in Albuquerque, NM. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $144K in total assets. In 2024, it reported $73K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $44.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Downtown ABQ Mainstreet Initiative is led by Julia Youngs, President since 2024 (on filings since 2021); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Julia Youngs
President
Vice President → Director, 2022
Director → President, 2024
On filings since 2021
3 hrs/week
No compensation reported
Ashley Veve Rammelsberg
Director
Director → President, 2022
President → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
Richard Meadows
Director
New on the 2024 filing
1 hr/week
No compensation reported
Bethany Tabor
Secretary
Director → Secretary, 2022
On filings since 2021
1 hr/week
No compensation reported
Mario Semiglia
Treasurer
Director → Treasurer, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (12)
- Former: Laurie Roach (2019–2022) — Director
- Former: Michael Phlieger (2019–2022) — Director
- Former: Jesus Munoz (2021–2022) — Treasurer
- Former: Monica Bencomo (2021–2022) — Director
- Former: Nicholas Cordova (2022) — Director
- Former: Robert Sachs JD (2022) — Director
- Former: Jesse Heron (2019–2021) — Director
- Former: Augusta Meyers (2021) — Director
- Former: David Silverman (2019–2020) — President
- Former: Lola Bird (2019–2020) — Executive Director
- Former: Sandy Hill (2019–2020) — Director
- Former: Stephen Segua (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Downtown ABQ Mainstreet Initiative
How much does Downtown ABQ Mainstreet Initiative give each year?
Downtown ABQ Mainstreet Initiative reported $73K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $250 in grants paid.
How large is Downtown ABQ Mainstreet Initiative?
Downtown ABQ Mainstreet Initiative reported $144K in total assets on its 2024 IRS Form 990. Its revenue that year was $659K.
What is Downtown ABQ Mainstreet Initiative?
Downtown ABQ Mainstreet Initiative is a public charity focused on Community Improvement & Capacity Building, based in Albuquerque, NM. It holds $144K in total assets as of 2024.
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 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 29, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS October 18, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 6, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 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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Downtown ABQ Mainstreet Initiative down — hundreds of funders to go?