Downtown Phoenix Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

1 East Washington Suite 230
Phoenix, Arizona 85004

Downtown Phoenix Inc. (EIN: 86-0673650) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Downtown Phoenix Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 75 total employees. Among the employees shown here, the average compensation is $160,794. The highest compensated employee at Downtown Phoenix Inc. is Devney Majerle with fiscal year 2024 compensation of $242,387. Downtown Phoenix Inc. changed its name from Downtown Phoenix Inc. Fka Downtown Phoenix Partnership Inc. in 2023.

Revenue, expenses, and employee compensation

Revenue

$5,640,557

Expenses

$5,108,364

Employee compensation

$3,336,851

Reported Compensated Employees

Devney Majerle

President and Chief Executive Officer

$242,387

$234,942 from orgNo related comp$7,445 other

Richard Price

Chief Growth Officer

$166,835

$157,190 from orgNo related comp$9,645 other

Suzanne Herrmann

Controller

$117,033

$108,808 from orgNo related comp$8,225 other

Mark Hutflesz

Senior Director, Street Operations

$116,920

$100,686 from orgNo related comp$16,234 other

Non-Employee Board Members

Mission Statement

TO FACILITATE COLLABORATION, CULTIVATE CONNECTIONS, AND CONTRIBUTE TO THE GROWTH AND VITALITY OF OUR COMMUNITY. TO GENERATE PROGRESS ON ISSUES, WORK TOWARD SUSTAINABLE GROWTH, AND BUILD A STRONGER, MORE INCLUSIVE CITY CORE THAT GENERATES POSITIVE PERCEPTIONS, MEMORABLE EXPERIENCES, AND A SENSE OF PRIDE IN DOWNTOWN.