2026-02-24T11:23:28-06:00 2025-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-07-01 562095185 RALEIGH CIVIC VENTURES INC RALE 9198321231 333 FAYETTEVILLE STREET 1150 RALEIGH NC 27601 BILL KING PRESIDENT & CEO 9198321231 2026-02-19 1 1 REBECCA FISHER P00963410 7044993893 2026-02-19 2024 2025-03-06 01:10:19Z BILL KING 333 FAYETTEVILLE STREET 1150 RALEIGH NC 27601 487254 0 X RALEIGHCIVICVENTURES.ORG X 1998 NC TO UNDERTAKE SPECIAL PROJECTS THAT SUPPORT AND COMPLEMENT THE MISSION OF THE DOWNTOWN RALEIGH ALLIANCE AND TO CONTINUE REVITALIZING RALEIGH'S DOWNTOWN DISTRICT. 9 8 0 8 0 0 85975 398754 96124 88194 366 306 0 0 182465 487254 0 135737 0 0 0 0 0 0 0 268843 300975 268843 436712 -86378 50542 203566 284737 101721 132350 101845 152387 TO UNDERTAKE SPECIAL PROJECTS THAT SUPPORT AND COMPLEMENT THE MISSION OF THE DOWNTOWN RALEIGH ALLIANCE AND TO CONTINUE REVITALIZING RALEIGH'S DOWNTOWN DISTRICT. 0 0 393849 135737 88194 THE PRIMARY GOAL OF THE SPECIAL PROGRAMS AND EVENTS SERVICE IS TO CREATE MEMORABLE EXPERIENCES FOR VISITORS, RESIDENTS, AND WORKERS IN DOWNTOWN RALEIGH. OUTDOOR EVENTS ACTIVATED PUBLIC SPACES WITH ATTENDEES. THE ANNUAL RALEIGH TREE LIGHTING FEATURED MUSIC, SANTA FOR THE KIDS, FOOD TRUCKS, LOCAL BUSINESS VENDORS, AS WELL AS A VISIT FROM RALEIGH'S MAYOR. THE DOWNTOWN BANNER AND FLAG PROGRAM ALSO PROVIDES VISUAL ENHANCEMENT ALONG RALEIGH'S STREETSCAPE. 393849 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 0 0 NC X LIZ MARTINI 9198321231 333 FAYETTEVILLE STREET 1150 RALEIGH NC 27601 BILL KING PRESIDENT AND CEO 20.00 20.00 X X 0 196500 0 PAULETTE DILLARD RCV BOARD CHAIR 1.00 1.00 X X 0 0 0 SKIP HILL RCV BOARD VICE CHAIR 1.00 1.00 X X 0 0 0 BO DEMPSTER RCV BOARD LEGAL COUNSEL 1.00 1.00 X X 0 0 0 TIA MCLAURIN RCV BOARD SECRETARY 1.00 1.00 X X 0 0 0 DERRICK REMER RCV BOARD TREASURER 1.00 1.00 X X 0 0 0 MIKE MUNN RCV AT-LARGE MEMBER 1.00 1.00 X 0 0 0 BRITT THOMAS RCV AT-LARGE MEMBER 1.00 1.00 X 0 0 0 EMILY WILLIAMS RCV AT-LARGE MEMBER 1.00 1.00 X 0 0 0 0 196500 0 0 0 1 0 0 212212 186542 398754 BANNERS 711300 86127 86127 TREE LIGHTING PROGRAM 900099 2067 2067 88194 306 306 487254 88194 0 306 135737 135737 364 364 280 280 40000 40000 14796 12577 2219 BANNERS/FLAGS EXPENSE 82717 82717 WINTERFEST EXPENSE 60331 60331 PUBLIC ART 47851 47851 LIGHTING & BEAUTIFICATI 30505 30505 24131 24131 436712 393849 42863 0 171832 58252 10881 11187 20373 16461 148 0 145435 69767 332 75668 0 123169 203566 284737 29826 92350 40000 40000 31895 0 101721 132350 X 101845 152387 101845 152387 203566 284737 50542 0 X 0 1 X 1 0 X X 1 DOWNTOWN RALEIGH ALLIANCE INC 561994005 6 1 40000 0 1 40000 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 145435 69767 75668 75668 DUE TO/FROM DRA 123169 123169 X PART X, LINE 2: RALEIGH CIVIC VENTURES INC. (THE ORGANIZATION") IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE SERVICE ("IRS") CODE SECTION 501(C)(3). DURING THE YEARS ENDED JUNE 30, 2025 AND 2024, THE ORGANIZATION DID NOT HAVE ANY INCOME SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION EVALUATES ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT DOES NOT BELIEVE ANY SIGNIFICANT INCOME TAX UNCERTAINTIES EXIST AS OF JUNE 30, 2025 AND 2024. 1 KRISTIN S CONRAD LACE CENTER FOUNDATION 105 MANNING WAY DURHAM NC 27703 874225461 12500 0 STORE FRONT UPFIT GRANT PALLBEARER LLP 1020 WEST PEACE STREET RALEIGH NC 27605 874341665 7500 0 STORE FRONT UPFIT GRANT COPPERLINE PLANT CO LLC 127 NEW BERN PLACE RALEIGH NC 27601 862349691 6364 0 STORE FRONT UPFIT GRANT MDUB 1 LLC 508 HEATHER DRIVE RALEIGH NC 27606 934184697 15000 0 STORE FRONT UPFIT GRANT ORIGAMI STYLING LLC 111 E HARGETT STREET RALEIGH NC 27601 923851360 4961 0 STORE FRONT UPFIT GRANT EVEL THREE LLC 555 FAYETTEVILLE STREET RALEIGH NC 27601 934083556 12500 0 STORE FRONT UPFIT GRANT U B PAINTN & SIPN LLC 208 S WILMINTON STREET RALEIGH NC 27601 920986949 2306 0 STORE FRONT UPFIT GRANT PARCERO STUDIO LLC 5112 SHRILAND RD FUQUAYVARINA NC 27526 911555589 7106 0 STORE FRONT UPFIT GRANT MALIK-KASHI INC 8166 PRIMANTI BLVS RALEIGH NC 27612 991502156 7500 0 STORE FRONT UPFIT GRANT SWEET WC LLC 7508 DOVER HILLS DR WAKE FOREST NC 27587 934774845 15000 0 STORE FRONT UPFIT GRANT CREATIVE BLOCK LLC 8020 WADE GREEN PLACE CARY NC 27519 995104764 15000 0 STORE FRONT UPFIT GRANT CHANCESRDU LLC 300 W HARGETT ST APT 114 RALEIGH NC 27601 861410214 7500 0 STORE FRONT UPFIT GRANT LITTLEST LLC 424 S PERSON STREET RALEIGH NC 27601 331530864 7500 0 STORE FRONT UPFIT GRANT LUCKY PIE GALLERY INC 3801 HILLSBOROUGH STREET RALEIGH NC 27607 455494842 15000 0 STORE FRONT UPFIT GRANT 14 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF ASSISTANCE PROVIDED TO OTHER ORGANIZATIONS AND MONITORS THE USE OF THE ASSISTANCE PROVIDED. THIS ENSURES THAT THE FUNDS ARE USED APPROPRIATELY AND ALIGN WITH THE ORGANIZATION'S MISSION AND GOALS. 0 0 0 0 0 0 0 0 0 BILL KING PRESIDENT AND CEO 0 196500 0 0 0 0 0 0 0 0 0 196500 0 0 PART I, LINE 1B RALEIGH CIVIC VENTURES INC. (RCV) PAYS NO DIRECT COMPENSATION AS INDICATED IN PART VII. HOWEVER, COMPENSATION ELEMENTS INCLUDED IN THE INTERCOMPANY MANAGEMENT FEE WITH ITS AFFILIATED ORGANIZATION, DOWNTOWN RALEIGH ALLIANCE (DRA), AS CROSS-REFERENCED TO THE DISCLOSURE UNDER PART VI, LINE 3, ARE SUBJECT TO THE APPROPRIATE COMPENSATION POLICY MAINTAINED BY DRA. DRA HAS A COMPENSATION COMMITTEE THAT REVIEWS THE CEO'S PERFORMANCE ANNUALLY. THE COMMITTEE CONSISTS OF THE DRA'S CURRENT BOARD CHAIR, THE DRA'S IMMEDIATE PAST CHAIR, AND THE DRA'S INCOMING CHAIR. THE COMMITTEE SUPPLEMENTS THEIR REVIEW BY REFERENCING THE CEO'S SALARY SURVEY CREATED BY THE INTERNATIONAL DOWNTOWN ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 3 AS INDICATED ELSEWHERE IN THIS FORM 990, THE BOARD OF DIRECTORS OF RALEIGH CIVIC VENTURES (RCV) DELEGATED CONTROL OVER MANAGEMENT DUTIES TO ITS AFFILIATE ORGANIZATION, DOWNTOWN RALEIGH ALLIANCE (DRA), WITH WHOM THEY SHARE OFFICE SPACE AND PAID EMPLOYEES. DRA CHARGES A MANAGEMENT FEE TO RCV PER A MANAGEMENT AGREEMENT BETWEEN THE TWO COMPANIES, THE TERMS OF WHICH ARE INTENDED TO ENSURE ARM'S-LENGTH CONSIDERATION IS EXCHANGED BETWEEN THE ENTITIES FOR SERVICES RENDERED. HOWEVER, AT ITS DISCRETION, DRA MAY DECREASE THE AMOUNT BILLED IN ACCORDANCE WITH CASH FLOW RESTRAINTS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE MANAGER, PRESIDENT/CEO, AND CHAIRMAN OF THE BOARD WILL REVIEW THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS, WITH A FOLLOW-UP PROVIDED TO THE BOARD FOLLOWING THE EXECUTIVE REVIEW. ANY RELEVANT INQUIRIES ARE MADE TO THE ORGANIZATION'S EXTERNAL CPA FIRM FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A RALEIGH CIVIC VENTURES INC. (RCV) PAYS NO DIRECT COMPENSATION AS INDICATED IN PART VII. HOWEVER, COMPENSATION ELEMENTS INCLUDED IN THE INTERCOMPANY MANAGEMENT FEE WITH ITS AFFILIATED ORGANIZATION, DOWNTOWN RALEIGH ALLIANCE (DRA), AS CROSS-REFERENCED TO THE DISCLOSURE UNDER PART VI, LINE 3, ARE SUBJECT TO THE APPROPRIATE COMPENSATION POLICY MAINTAINED BY DRA. DRA HAS A COMPENSATION COMMITTEE THAT REVIEWS THE CEO'S PERFORMANCE ANNUALLY. THE COMMITTEE CONSISTS OF THE DRA'S CURRENT BOARD CHAIR, THE DRA'S IMMEDIATE PAST CHAIR, AND THE DRA'S INCOMING CHAIR. THE COMMITTEE SUPPLEMENTS THEIR REVIEW BY REFERENCING THE CEO'S SALARY SURVEY CREATED BY THE INTERNATIONAL DOWNTOWN ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. DOWNTOWN RALEIGH ALLIANCE INC 333 FAYETTEVILLE STREET SUITE 1150 RALEIGH NC 27601 561994005 REVITALIZATION NC 501(C)(6) N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 DOWNTOWN RALEIGH ALLIANCE INC O 40000 MANAGEMENT CONTRACT DOWNTOWN RALEIGH ALLIANCE INC D 123169 OUTSTANDING A/R