Form 990 for tax year 2022
Filed by DOWNTOWN STATE COLLEGE IMPROVEMENT DISTRICT INC.
Totals
- Total revenue
- $700,052
- Total expenses
- $545,003
- Contributions and grants received
- $119,000
- Grants paid
- $0
- Program service revenue
- $573,280
- Investment income
- $3,729
- Other revenue
- $4,043
- Total assets, end of year
- $637,080
- Total liabilities, end of year
- $26,998
- Net assets or fund balances, end of year
- $610,082
- Program services expenses (Part IX)
- $531,611
- Management and general expenses
- $10,944
- Fundraising expenses
- $2,448
- Program service expenses (Part III)
- $531,611
Program services were 97.5% 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.
-
1e · Government grants (contributions)
$105,000
-
1f · All other contributions, gifts and grants
$14,000
-
2a · Program service revenue: PROPERTY ASSESSMENTS
total $566,280 · related or exempt $566,280
-
2b · Program service revenue: SPONSORSHIPS
total $7,000 · related or exempt $7,000
-
3 · Investment income
total $3,729 · excluded $3,729
-
11a · Other revenue: OTHER INCOME
total $4,043 · related or exempt $4,043
-
11e · Other revenue, total
$4,043
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $95,563 · program services $91,742 · management and general $2,866 · fundraising $955
-
7 · Other salaries and wages
total $110,035 · program services $108,199 · management and general $1,377 · fundraising $459
-
8 · Pension plan contributions
total $1,054 · program services $1,011 · management and general $32 · fundraising $11
-
9 · Other employee benefits
total $21,769 · program services $21,521 · management and general $186 · fundraising $62
-
10 · Payroll taxes
total $19,410 · program services $18,937 · management and general $355 · fundraising $118
-
11b · Fees: legal
total $59 · program services $56 · management and general $2 · fundraising $1
-
11c · Fees: accounting
total $4,600 · program services $960 · management and general $3,630 · fundraising $10
-
11g · Fees: other
total $199,427 · program services $198,986 · management and general $331 · fundraising $110
-
13 · Office expenses
total $18,299 · program services $17,567 · management and general $549 · fundraising $183
-
16 · Occupancy
total $27,735 · program services $26,626 · management and general $832 · fundraising $277
-
22 · Depreciation, depletion and amortization
total $15,683 · program services $15,056 · management and general $470 · fundraising $157
-
23 · Insurance
total $3,439 · program services $3,302 · management and general $103 · fundraising $34
-
24a · Other expenses: SECURITY AND CLEANING
total $14,328 · program services $14,328
-
24b · Other expenses: MERCHANT VALIDATED PARK
total $6,610 · program services $6,610
-
24c · Other expenses: UTILITIES
total $3,755 · program services $3,604 · management and general $113 · fundraising $38
-
24d · Other expenses: RENTAL OF EQUIPMENT
total $2,073 · program services $1,990 · management and general $62 · fundraising $21
-
24e · All other expenses
total $1,164 · program services $1,116 · management and general $36 · fundraising $12
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $409,009 · end of year $561,454
-
4 · Accounts receivable
beginning of year $6,268 · end of year $8,957
-
9 · Prepaid expenses and deferred charges
beginning of year $10,703 · end of year $6,611
-
10a · Land, buildings and equipment: cost or other basis
$260,454
-
10b · Land, buildings and equipment: accumulated depreciation
$200,396
-
10c · Land, buildings and equipment, net
beginning of year $75,741 · end of year $60,058
-
17 · Accounts payable and accrued expenses
beginning of year $41,514 · end of year $21,824
-
19 · Deferred revenue
beginning of year $5,174 · end of year $5,174
-
29 · Capital stock, trust principal or current funds
beginning of year $379,292 · end of year $550,024
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $75,741 · end of year $60,058
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
TO PROMOTE, PRESERVE AND EXTEND THE SAFETY, IMAGE AND ECONOMIC DEVELOPMENT OF DOWNTOWN STATE COLLEGE, PENNSYLVANIA. TO PROVIDE A SAFE, CLEAN ENVIRONMENT SO AS TO ENHANCE THE IMAGE OF THE DOWNTOWN AND ATTRACT BUSINESS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES CONSISTENT WITH FOSTERING AND MAINTAINING A VIBRANT AND PROSPEROUS AREA FOR RESIDENTS AND VISITORS.
Activities or mission (Part I)
TO PROMOTE, PRESERVE AND EXTEND THE SAFETY, IMAGE AND ECONOMIC DEVELOPMENT OF DOWNTOWN STATE COLLEGE, PENNSYLVANIA.
-
TO PROMOTE, PRESERVE AND EXTEND THE SAFETY, IMAGE AND ECONOMIC DEVELOPMENT OF DOWNTOWN STATE COLLEGE, PA THROUGH VARIOUS MARKETING ACTIVITIES. THESE INCLUDE GIFT CARD SALES, AND THE DISTRIBUTION OF MAPS AND GUIDES. THE DISTRICT SPONSORED VARIOUS EVENTS, AND EXTENSIVE REGIONAL MARKETING AND ADVERTISING CAMPAIGNS WITH BILLBOARDS AND NEWSPRINT WERE CONDUCTED. HOLIDAY LIGHTS, ORNAMENTS AND SKYLINES WERE USED TO DECORATE THE STREETSCAPE.
Expenses $188,404 · Revenue $204,604
-
THE CLEANING AMBASSADORS PROVIDE DAILY CLEANING EFFORTS AND THE REMOVAL OF GRAFFITI IN HIGH TRAFFIC, HIGH VISIBILITY AREAS, FOR THE CONVENIENCE AND COMFORT OF SHOPPERS AND VISITORS.
Expenses $94,026 · Revenue $102,112
-
THE DISTRICT WORKS TO PROMOTE RETAIL, RESTAURANT, RENTAL AND OTHER BUSINESS ACTIVITY DOWNTOWN. ALSO, IT ADMINISTERS A STATE PROGRAM TO ASSIST PROPERTY OWNERS WITH THE COST OF NEW SIGNS AND/OR FACADES.
Expenses $249,181 · Revenue $270,607
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
SHARON HERLOCHER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN FRIEDMAN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS MCKEE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
AL PRINGLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
GARY BRANDEIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JILL ROSENFELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DANIELLE STEMPLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHARIMA YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EZRA NANES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CURTIS SHULMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEE ANNE JEFFRIES
EXECUTIVE DIRECTOR
- Total calculated
- $95,563
- From this org
- $81,251
- From related orgs
- $0
- Other
- $14,312
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349302154
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