Form 990 for tax year 2022
Filed by BALLSTON BUSINESS IMPROVEMENT CORPORATION.
Totals
- Total revenue
- $1,528,898
- Total expenses
- $1,443,576
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,524,836
- Investment income
- $4,062
- Other revenue
- $0
- Total assets, end of year
- $944,959
- Total liabilities, end of year
- $80,395
- Net assets or fund balances, end of year
- $864,564
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: ARLINGTON COUNTY CONTR
total $1,487,290 · related or exempt $1,487,290
-
2b · Program service revenue: OTHER PROGRAM REVENUE
total $37,546 · related or exempt $37,546
-
3 · Investment income
total $4,062 · excluded $4,062
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $328,676
-
7 · Other salaries and wages
total $232,500
-
8 · Pension plan contributions
total $15,180
-
9 · Other employee benefits
total $49,628
-
10 · Payroll taxes
total $31,367
-
11b · Fees: legal
total $1,880
-
11c · Fees: accounting
total $44,804
-
11g · Fees: other
total $20,396
-
12 · Advertising and promotion
total $125,772
-
13 · Office expenses
total $9,112
-
14 · Information technology
total $45,993
-
16 · Occupancy
total $87,471
-
17 · Travel
total $6,315
-
19 · Conferences, conventions and meetings
total $16,726
-
22 · Depreciation, depletion and amortization
total $28,103
-
23 · Insurance
total $7,762
-
24a · Other expenses: COMMUNITY EVENTS
total $148,332
-
24b · Other expenses: ECONOMIC DEVELOPMENT CO
total $102,679
-
24c · Other expenses: BEAUTIFICATION
total $61,500
-
24d · Other expenses: COUNTY ADMINISTRATIVE F
total $29,676
-
24e · All other expenses
total $49,704
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $457,932 · end of year $462,902
-
2 · Savings and temporary cash investments
beginning of year $68,873 · end of year $70,488
-
4 · Accounts receivable
end of year $6,500
-
9 · Prepaid expenses and deferred charges
beginning of year $6,662 · end of year $9,000
-
10a · Land, buildings and equipment: cost or other basis
$220,305
-
10b · Land, buildings and equipment: accumulated depreciation
$184,042
-
10c · Land, buildings and equipment, net
beginning of year $40,101 · end of year $36,263
-
15 · Other assets
beginning of year $260,803 · end of year $359,806
-
17 · Accounts payable and accrued expenses
beginning of year $55,129 · end of year $40,435
-
25 · Other liabilities
beginning of year $0 · end of year $39,960
-
27 · Net assets without donor restrictions
beginning of year $779,242 · end of year $864,564
Mission and programs · 2022
Mission
BALLSTON BUSINESS IMPROVEMENT DISTRICT'S MISSION IS TO PRESERVE AND ENHANCE BALLSTON AS A VIBRANT, INNOVATIVE, AND ATTRACTIVE URBAN PLACE TO ENSURE THE COMPETITIVE SUCCESS OF ITS EXISTING AND FUTURE COMMERICAL PROPERTIES.
Activities or mission (Part I)
THE CORPORATION'S MISSION IS TO PROMOTE THE COMPETITIVE SUCCESS OF THE COMMERCIAL PROPERTIES IN THE BALLSTON BUSINESS IMPROVEMENT SERVICE DISTRICT OF ARLINGTON COUNTY, VIRGINIA BY PROVIDING SERVICES, EVENTS, AND ACTIVITIES WHICH ENHANCE THE ECONOMIC ACTIVITIES AND SERVICES OF THOSE PROPERTIES AND WHICH ARE IN ADDITION TO EVENTS AND ACTIVITIES ALREADY PROVIDED BY ARLINGTON COUNTY, VIRGINIA.
-
PUBLIC REALM AND BEAUTIFICATION - METRO/CANOPY PROJECT; MEDIAN LANDSCAPE AND MAINTENANCE; BANNERS AND SIGNAGE; PLACEMAKING PLAN.
-
MARKETING AND PROMOTION - ADS; PRESS AND MEDIA RELATIONS; INFLUENCERS; MARKETING MATERIALS; WEBSITE AND SOCIAL MEDIA PAGES.
-
COMMUNITY EVENTS AND OUTREACH - FARMER'S MARKET; MIX MADNESS; ANNUAL MEETING; SPONSORSHIPS; PROPERTY MANAGER MEETINGS; SIP AND MINGLES; SINGING TREE
As filed on the 2022 return.
Listed in Part VII
-
Simon CarneySIMON CARNEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Bob WibergBOB WIBERG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Kevin ShooshanKEVIN SHOOSHAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Greg GeislerGREG GEISLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Dustin YoungDUSTIN YOUNG
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Tim FriemelTIM FRIEMEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Jillian DonatelliJILLIAN DONATELLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Mark WitschorikMARK WITSCHORIK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Shannon Flanagan-WatsonSHANNON FLANAGAN-WATSON
BOARD MEMBER - COUNTY APPO
- Total calculated
- $0
- Hours/week
- 5
-
David KinneyDAVID KINNEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Upendra MalaniUPENDRA MALANI
BOARD MEMBER - EDUCATION R
- Total calculated
- $0
- Hours/week
- 5
-
Mustafa SaifeeMUSTAFA SAIFEE
BOARD MEMBER - RETAIL TENA
- Total calculated
- $0
- Hours/week
- 5
-
Brad SmithBRAD SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Larry SmithLARRY SMITH
BOARD MEMBER - COUNTY APPO
- Total calculated
- $0
- Hours/week
- 5
-
Nick StoneNICK STONE
BOARD MEMBER - RESEARCH/TE
- Total calculated
- $0
- Hours/week
- 5
-
Amanda TischlerAMANDA TISCHLER
BOARD MEMBER - CULTURE/REC
- Total calculated
- $0
- Hours/week
- 5
-
Allyson UgarteALLYSON UGARTE
BOARD MEMBER - CIVIC ASSOC
- Total calculated
- $0
- Hours/week
- 5
-
Takis KaratonisTAKIS KARATONIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Roberto PerezROBERTO PEREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Marcus RobinsonMARCUS ROBINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Mark ZetlinMARK ZETLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tina LeoneTINA LEONE
CHIEF EXECUTIVE OFFICER
- Total calculated
- $328,676
- From this org
- $297,273
- From related orgs
- $0
- Other
- $31,403
- Hours/week
- 50 + 5 related
Schedule J breakdown matched by us
- Base
- $297,273
- Bonus
- $0
- Other
- $0
- Deferred
- $14,892
- Nontaxable benefits
- $16,511
- Filer's total
- $328,676
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I LINE, LINE 3
- CEO COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. AN INDEPENDENT SURVEY IS USED AS WELL AS A COMPARISON OF CEO COMPENSATION REPORTED ON MOST RECENT FORM 990'S FOR BIDS IN THE REGION. THE COMMITTEE DEVELOPS A WRITTEN CONTRACT WITH THE BID'S GENERAL COUNSEL. THE COMPENSATION COMMITTEE APPROVED THE AGREEMENT WHICH THEN IS APPROVED BY THE BOARD OF DIRECTORS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SUPPORT CHARITABLE DEEDS OF THE BBID · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420199349301507
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