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Nonprofiteer
← KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC

Form 990 for tax year 2025

Filed by KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC.

Totals

Total revenue
$2,629,950
Total expenses
$2,432,325
Contributions and grants received
$131,704
Grants paid
$0
Program service revenue
$2,416,702
Investment income
$79,269
Other revenue
$2,275
Total assets, end of year
$5,728,971
Total liabilities, end of year
$559,371
Net assets or fund balances, end of year
$5,169,600
Program services expenses (Part IX)
$1,973,376
Management and general expenses
$337,330
Fundraising expenses
$121,619
Program service expenses (Part III)
$1,973,376

Program services were 81.1% 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)

    $22,745

  • 1f · All other contributions, gifts and grants

    $108,959

  • 2a · Program service revenue: ASSESSMENT FEES

    total $2,277,984 · related or exempt $2,277,984

  • 2b · Program service revenue: EVENT INCOME

    total $138,718 · related or exempt $138,718

  • 3 · Investment income

    total $79,269 · excluded $79,269

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,275 · excluded $2,275

  • 11e · Other revenue, total

    $2,275

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $352,719 · program services $352,719

  • 7 · Other salaries and wages

    total $478,492 · program services $233,289 · management and general $145,810 · fundraising $99,393

  • 9 · Other employee benefits

    total $97,193 · program services $56,016 · management and general $25,389 · fundraising $15,788

  • 10 · Payroll taxes

    total $52,341 · program services $35,550 · management and general $10,353 · fundraising $6,438

  • 11b · Fees: legal

    total $15,499 · management and general $15,499

  • 11c · Fees: accounting

    total $24,846 · management and general $24,846

  • 11g · Fees: other

    total $1,437 · management and general $1,437

  • 12 · Advertising and promotion

    total $8,250 · management and general $8,250

  • 13 · Office expenses

    total $32,854 · program services $9,461 · management and general $23,393

  • 16 · Occupancy

    total $71,817 · program services $58,076 · management and general $13,741

  • 17 · Travel

    total $18,053 · management and general $18,053

  • 22 · Depreciation, depletion and amortization

    total $156,186 · program services $156,186

  • 23 · Insurance

    total $16,369 · management and general $16,369

  • 24a · Other expenses: MARKETING CAMPAIGNS

    total $263,527 · program services $263,527

  • 24b · Other expenses: LANDSCAPING IMPROVEMENT

    total $262,840 · program services $262,840

  • 24c · Other expenses: MARKETING CONTRACTED SE

    total $138,277 · program services $138,277

  • 24d · Other expenses: CONTRIBUTIONS

    total $107,880 · program services $107,880

  • 24e · All other expenses

    total $333,745 · program services $299,555 · management and general $34,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,338,058 · end of year $2,474,241

  • 2 · Savings and temporary cash investments

    beginning of year $267,987 · end of year $277,413

  • 3 · Pledges and grants receivable

    beginning of year $225,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $9,464 · end of year $37,665

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,750 · end of year $106,886

  • 10a · Land, buildings and equipment: cost or other basis

    $3,223,068

  • 10b · Land, buildings and equipment: accumulated depreciation

    $798,379

  • 10c · Land, buildings and equipment, net

    beginning of year $2,211,274 · end of year $2,424,689

  • 15 · Other assets

    beginning of year $460,310 · end of year $408,077

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,710 · end of year $95,124

  • 25 · Other liabilities

    beginning of year $474,158 · end of year $464,247

  • 27 · Net assets without donor restrictions

    beginning of year $4,969,111 · end of year $5,166,736

  • 28 · Net assets with donor restrictions

    beginning of year $2,864 · end of year $2,864

Mission and programs · 2025

Mission

KING OF PRUSSIA DISTRICT ENGAGES PUBLIC AND PRIVATE PARTNERS TO COLLABORATIVELY IMPROVE THE ECONOMIC ENVIRONMENT IN KING OF PRUSSIA BY MAKING IT MORE VIBRANT, ATTRACTIVE, AND PROSPEROUS.

Activities or mission (Part I)

KING OF PRUSSIA DISTRICT ENGAGES PUBLIC AND PRIVATE PARTNERS TO COLLABORATIVELY IMPROVE THE ECONOMIC ENVIRONMENT IN KING OF PRUSSIA BY MAKING IT MORE VIBRANT, ATTRACTIVE AND PROSPEROUS.

  • PHYSICAL IMPROVEMENTS: FROM SIGNAGE TO LANDSCAPED MEDIANS ALONG SOME OF KING OF PRUSSIA'S MOST VISIBLE AND HIGHLY-TRAVELED CORRIDORS, KING OF PRUSSIA DISTRICT MANAGES DESIGN, CONSTRUCTION AND MAINTENANCE OF LANDSCAPES THAT ENHANCE KOP'S PUBLIC SPACES.

    Expenses $507,382 · Revenue $621,367

  • MARKETING: COMMITTED TO KEEPING KING OF PRUSSIA IN THE SPOTLIGHT AND STRENGTHENING ITS REPUTATION AS A LEADING HUB FOR BUSINESS, COMMUNITY AND COMMERCE, KING OF PRUSSIA DISTRICT EXECUTES DYNAMIC MARKETING AND ADVERTISING CAMPAIGNS WHILE PRODUCING AWARD-WINNING EVENTS AND ACTIVATIONS THROUGHOUT THE YEAR.

    Expenses $1,014,240 · Revenue $1,242,093

  • TRANSPORTATION: KING OF PRUSSIA DISTRICT IS DEDICATED TO MAKING LIFE FLOW IN KOP, EFFECTING GAME-CHANGING TRANSPORTATION SOLUTIONS THAT ENHANCE VEHICULAR, PEDESTRIAN, BICYCLE AND PUBLIC TRANSPORTATION ACCESS.

    Expenses $244,671 · Revenue $299,637

  • LAND USE & ZONING: KING OF PRUSSIA DISTRICT WORKS CLOSELY WITH THE TOWNSHIP AND COUNTY TO DEVELOP STRATEGIES FOR A COMPREHENSIVE AND COHESIVE FORWARD-THINKING VISION FOR KOP'S FUTURE.

    Expenses $59,491 · Revenue $72,856

  • RESEARCH & DATA ANALYTICS: KING OF PRUSSIA DISTRICT CONDUCTS DATA-DRIVEN RESEARCH TO ANALYZE PERFORMANCE OF THE KING OF PRUSSIA MARKET, INFORM THOUGHTFUL CHANGE AND KEEP KOP'S TRANSFORMATION TOP OF MIND FOR STAKEHOLDERS, ELECTED OFFICIALS, DEVELOPERS, INVESTORS AND THE GENERAL PUBLIC.

    Expenses $147,592 · Revenue $180,749

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cheryl Gebeline-Myers

    CHAIR

    Total calculated
    $0
    Hours/week
    1.3

  • Eric Davies

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.3

  • Richard Kubach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Robert Hart

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.3

  • Lea Anne Welsh

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.3

  • John Bown

    TREASURER

    Total calculated
    $0
    Hours/week
    1.3

  • Anthony Hamaday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Andrew Horning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Peter Karakelian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • David McManus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Steven Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Suzanne Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Kathy Sweeney-Pogwist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Alexandrea Amerine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Martha Morales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • James Savard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Eric T Goldstein

    PRESIDENT & CEO

    Total calculated
    $352,719
    From this org
    $321,554
    From related orgs
    $0
    Other
    $31,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,554
    Bonus
    $40,000
    Other
    $0
    Deferred
    $23,500
    Nontaxable benefits
    $7,665
    Filer's total
    $352,719

  • Rachel Ammon

    DIRECTOR MARKETING AND COM

    Total calculated
    $143,654
    From this org
    $133,322
    From related orgs
    $0
    Other
    $10,332
    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. 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 · Form 990 of other organizations
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2025
Filed
16 March 2026
IRS schema version
2025v4.0
Source object
202640769349300124

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