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Nonprofiteer
← BALLSTON BUSINESS IMPROVEMENT CORPORATION

Form 990 for tax year 2023

Filed by BALLSTON BUSINESS IMPROVEMENT CORPORATION.

Totals

Total revenue
$1,355,569
Total expenses
$1,514,356
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,345,405
Investment income
$10,164
Other revenue
$0
Total assets, end of year
$775,813
Total liabilities, end of year
$70,036
Net assets or fund balances, end of year
$705,777
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 $1,313,954 · related or exempt $1,313,954

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $31,451 · related or exempt $31,451

  • 3 · Investment income

    total $10,164 · excluded $10,164

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $349,825

  • 7 · Other salaries and wages

    total $316,500

  • 8 · Pension plan contributions

    total $10,236

  • 9 · Other employee benefits

    total $56,199

  • 10 · Payroll taxes

    total $38,407

  • 11b · Fees: legal

    total $1,563

  • 11c · Fees: accounting

    total $54,213

  • 11g · Fees: other

    total $39,073

  • 12 · Advertising and promotion

    total $128,292

  • 13 · Office expenses

    total $43,547

  • 14 · Information technology

    total $44,342

  • 16 · Occupancy

    total $84,820

  • 17 · Travel

    total $4,313

  • 19 · Conferences, conventions and meetings

    total $11,695

  • 22 · Depreciation, depletion and amortization

    total $20,881

  • 23 · Insurance

    total $11,496

  • 24a · Other expenses: COMMUNITY EVENTS

    total $121,089

  • 24b · Other expenses: ECONOMIC DEVELOPMENT CO

    total $107,712

  • 24c · Other expenses: BEAUTIFICATION

    total $44,471

  • 24d · Other expenses: COUNTY ADMINISTRATIVE F

    total $25,682

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $462,902 · end of year $94,035

  • 2 · Savings and temporary cash investments

    beginning of year $70,488 · end of year $464,903

  • 4 · Accounts receivable

    beginning of year $6,500 · end of year $4,911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,000 · end of year $9,000

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

    $220,305

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

    $204,923

  • 10c · Land, buildings and equipment, net

    beginning of year $36,263 · end of year $15,382

  • 15 · Other assets

    beginning of year $359,806 · end of year $187,582

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,435 · end of year $31,524

  • 25 · Other liabilities

    beginning of year $39,960 · end of year $38,512

  • 27 · Net assets without donor restrictions

    beginning of year $864,564 · end of year $705,777

Mission and programs · 2023

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 BID'S MISSION IS TO ENSURE BALLSTON'S STATUS AS A PREMIER BUSINESS LOCATION WHERE TOP COMPANIES AND TALENT CHOOSE TO LOCATE AND GROW.

  • 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 2023 return.

Listed in Part VII

  • Simon Carney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Bob Wiberg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kevin Shooshan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Dustin Young

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Tim Friemel

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Mark Witschorik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Shannon Flanagan-Watson

    BOARD MEMBER - COUNTY APPO

    Total calculated
    $0
    Hours/week
    5

  • David Kinney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Brad Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Larry Smith

    BOARD MEMBER - COUNTY APPO

    Total calculated
    $0
    Hours/week
    5

  • Amanda Tischler

    BOARD MEMBER - CULTURE/REC

    Total calculated
    $0
    Hours/week
    5

  • Marcus Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Mark Zetlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Allyson Ugarte

    BOARD MEMBER- CIVIC ASSOC

    Total calculated
    $0
    Hours/week
    5

  • Kim Stein

    VICE PRESIDENT (RETAIL BROKER)

    Total calculated
    $0
    Hours/week
    5

  • Justin Cooper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Matt De Ferranti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Valerie Weiner

    BOARD MEMBER (AED LIAISON)

    Total calculated
    $0
    Hours/week
    5

  • Aaron Moore

    BOARD MEMBER (TENANT/RETAIL)

    Total calculated
    $0
    Hours/week
    5

  • Stacy Foster

    BOARD MEMBER (TENANT/OFFICE)

    Total calculated
    $0
    Hours/week
    5

  • David Baker

    BOARD MEMBER - RESEARCH/TECHNOLOGY

    Total calculated
    $0
    Hours/week
    5

  • Tiffany Haller

    BOARD MEMBER- OWNER $90M+

    Total calculated
    $0
    Hours/week
    5

  • John Dicamillo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Evan Pritchard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Shane Pomajambo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tina Leone

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $326,666
    From this org
    $309,775
    From related orgs
    $0
    Other
    $16,891
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $309,775
    Bonus
    $0
    Other
    $0
    Deferred
    $7,896
    Nontaxable benefits
    $8,995
    Filer's total
    $326,666

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349304570

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