Form 990 for tax year 2023
Filed by DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT.
Totals
- Total revenue
- $233,596
- Total expenses
- $371,844
- Contributions and grants received
- $57,241
- Grants paid
- $0
- Program service revenue
- $173,193
- Investment income
- $137
- Other revenue
- $3,025
- Total assets, end of year
- $184,667
- Total liabilities, end of year
- $46,526
- Net assets or fund balances, end of year
- $138,141
- Program services expenses (Part IX)
- $307,881
- Management and general expenses
- $63,963
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $307,881
Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$57,241
-
2a · Program service revenue: ASSESSMENTS
total $154,803 · related or exempt $154,803
-
2b · Program service revenue: OTHER EVENT
total $18,390 · related or exempt $18,390
-
3 · Investment income
total $137 · related or exempt $137
-
10a · Gross sales of inventory
$36,171
-
10b · Cost of goods sold
$33,146
-
10c · Net income from sales of inventory
total $3,025 · related or exempt $3,025
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $70,000 · program services $52,214 · management and general $17,786
-
7 · Other salaries and wages
total $94,761 · program services $94,761
-
9 · Other employee benefits
total $4,296 · management and general $4,296
-
10 · Payroll taxes
total $14,284 · program services $12,945 · management and general $1,339
-
11c · Fees: accounting
total $23,500 · program services $11,750 · management and general $11,750
-
11g · Fees: other
total $28,043 · program services $25,247 · management and general $2,796
-
12 · Advertising and promotion
total $39,923 · program services $39,735 · management and general $188
-
13 · Office expenses
total $17,837 · program services $6,792 · management and general $11,045
-
16 · Occupancy
total $34,506 · program services $27,497 · management and general $7,009
-
22 · Depreciation, depletion and amortization
total $1,554 · management and general $1,554
-
23 · Insurance
total $5,047 · program services $324 · management and general $4,723
-
24a · Other expenses: BEAUTIFICATION
total $29,110 · program services $29,110
-
24b · Other expenses: EVENT EXPENSES
total $7,706 · program services $7,506 · management and general $200
-
24c · Other expenses: OTHER
total $1,277 · management and general $1,277
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $162,487 · end of year $31,458
-
2 · Savings and temporary cash investments
beginning of year $102,370 · end of year $102,506
-
4 · Accounts receivable
beginning of year $1,227 · end of year $12,500
-
8 · Inventories for sale or use
end of year $4,814
-
9 · Prepaid expenses and deferred charges
beginning of year $1,201 · end of year $1,079
-
10a · Land, buildings and equipment: cost or other basis
$18,649
-
10b · Land, buildings and equipment: accumulated depreciation
$1,554
-
10c · Land, buildings and equipment, net
end of year $17,095
-
15 · Other assets
beginning of year $34,286 · end of year $15,215
-
17 · Accounts payable and accrued expenses
beginning of year $21,408 · end of year $41,526
-
19 · Deferred revenue
end of year $5,000
-
25 · Other liabilities
beginning of year $3,774
-
27 · Net assets without donor restrictions
beginning of year $276,389 · end of year $138,141
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
OUR MISSION IS TO CULTIVATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE DOWNTOWN TROY COMMUNITY BY CREATING AN INCREASINGLY INVITING, DYNAMIC AND SUSTAINABLE ENVIRONMENT THAT CELEBRATES THE CITY'S HISTORY WHILE BUILDING TOWARDS ITS FUTURE.
-
THE BID HOSTS A VARIETY OF EVENTS THROUGOUT THE YEAR THAT BRING THOUSANDS OF PEOPLE TO DOWNTOWN TROY. FROM THE ROCKIN' ON THE RIVER SUMMER CONCERT SERIES TO THE MONTHLY TROY NIGHT OUT ART AND CULTURE EVENT. THE BID ORGANIZES AND EXECUTES EXCITING QUALITY EVENTS THAT DRAW PEOPLE TO TROY'S DOWNTOWN WITH THE PROSPECT THAT THE CROWDS WILL STAY OR RETURN TO PATRONIZE LOCAL BUSINESSES. THE BID HAS ALSO ESTABLISHED SEVERAL PROGRAMS ALL AIMED AT MARKETING DOWNTOWN TROY INCLUDING A DOWNTOWN TROY MAP WITH A LISTING OF ALL MEMBER BUSINESSES AND THE STUDENT INCENTIVE PROGRAM WHICH TARGETS THE LARGE STUDENT POPULATION.
Expenses $307,881 · Revenue $173,193
As filed on the 2023 return.
Listed in Part VII
-
Olivia ClementeOLIVIA CLEMENTE
EXECUTIVE DI
- Total calculated
- $70,000
- From this org
- $70,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
Matt CallahanMATT CALLAHAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jeff MirelJEFF MIREL
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Sarah CaciolaSARAH CACIOLA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dave GardellDAVE GARDELL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kerry FaganKERRY FAGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marie GavazziMARIE GAVAZZI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angelo GrassoANGELO GRASSO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James KehoeJAMES KEHOE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jamie MagurJAMIE MAGUR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Astri BryceASTRI BRYCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Theresa Van DuyneTHERESA VAN DUYNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vito CiccarelliVITO CICCARELLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Seamus DonnellySEAMUS DONNELLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mayor Patrick MaddenMAYOR PATRICK MADDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly FredericksKIMBERLY FREDERICKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kirk IvesKIRK IVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Samantha ToewsSAMANTHA TOEWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dylan TurekDYLAN TUREK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
DOWNTOWN TROY BUSINESS IMPROVEMENT
501C3 · SUPPORT · NY
-
TROY DOWNTOWN COLLABORATIVE INC
501C3 · SUPPORT · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403199349308595
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.