Jamaica Center Improvement
- Assets
- $638.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Jamaica, NY
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 11-2489195
Organization Overview
Jamaica Center Improvement is located in Jamaica, NY. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Jamaica Center Improvement employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jamaica Center Improvement is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Jamaica Center Improvement generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE VITALITY AND ECONOMIC GROWTH OF THE BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC.ENHANCE-ENSURE THAT THE DISTRICT IS ATTRACTIVE, WELCOMING, SAFE, CLEAN AND GRAFFITI-FREE.PROMOTE-CONDUCT CREATIVE DISTRICT MARKETING CAMPAIGNS, HOST SPECIAL EVENTS AND ENCOURAGE TOURISM.COORDINATE-ALIGN THE DISTRICTS RETAIL MIX WITH SHOPPER PREFERENCES AND CONNECT DISTRICT BUSINESSES WITH THE RESOURCES NEEDED TO SUCCEED.ADVOCATE-CHAMPION FOR PUBLIC IMPROVEMENTS, CAPITAL INVESTMENTS AND ECONOMIC DEVELOPMENT INITIATIVES IN THE DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BID PROVIDES DISTRICT SUPPLEMENTARY SANITATION SERVICES 7 DAYS A WEEK FROM 7 A.M. 6 P.M., YEAR-ROUND. SERVICES INCLUDE: SWEEPING THE SIDEWALKS AND GUTTERS (18 OUT FROM THE CURB), BAGGING LITTER, AND EMPTYING TRASH CANS CLEANING GRAFFITI AND STICKERS REGULARLY FROM STREET FURNITURE, LIGHT POLES AND BUILDING SURFACES. ADDITIONAL SERVICES: REGULAR STREET CONDITION AND QUALITY OF LIFE ASSESSMENTS AND FILING 311 REPORTS TO ADDRESS.
DISTRICT MARKETING: TO ENCOURAGE VISITATION/AWARENESS OF DOWNTOWN JAMAIC, THE BID MAINTAINS WWW.JAMAICA.NYC, A FULL BUSINESS DIRECTORY, PRODUCES PERIODIC GUIDES FEATURING DOWNTOWN BUSINESSES AND ATTRACTIONS, PRESENTS COMMUNITY EVENTS, AND MORE.
BUSINESS SUPPORT AND ECONOMIC DEVELOPMENT: THE BID PARTICIPATES IN AND LEADS ECONOMIC DEVELOPMENT STUDIES AND COLLABORATIVE REVITALIZATION STAKEHOLDER PLANNING EFFORTS. IT ALSO PROVIDES BUSINESS ASSISTANCE TO OUR CURRENT MERCHANTS AND HOSTS EVENTS TARGETED TOWARDS ITS BUSINESS COMMUNITY. IT NOTIFIES LOCAL BUSINESSES OF NEW CITY REGULATIONS, INCENTIVES OR SERVICES THAT COULD AFFECT THEIR BUSINESS, AND RELAYS FEEDBACK TO CITY GOVERNMENT REGARDING STREET-LEVEL ISSUES AND POLICIES AFFECTING MERCHANTS. BID ALSO OFFERS PERIODIC TECHNICAL ASSISTANCE CLASSES OF INTEREST TO THE BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Furioli Executive Dir. | Trustee | 40 | $111,200 |
Michael Hirschhorn President | OfficerTrustee | 1 | $0 |
Aaron Schwartz Vice President | OfficerTrustee | 1 | $0 |
Michael Mattone Secretary | OfficerTrustee | 1 | $0 |
Norman Fairweather Treasurer | OfficerTrustee | 1 | $0 |
Daniel Kulka Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $1,017,500 |
| Investment income | $316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,052,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,200 |
| Compensation of current officers, directors, key employees. | $22,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,714 |
| Payroll taxes | $31,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,485 |
| Fees for services: Accounting | $26,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,857 |
| Office expenses | $14,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,339 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,191 |
| Insurance | $254,142 |
| All other expenses | $5,393 |
| Total functional expenses | $1,042,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,899 |
| Savings and temporary cash investments | $385,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,618 |
| Net Land, buildings, and equipment | $827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,855 |
| Total assets | $638,624 |
| Accounts payable and accrued expenses | $49,541 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,541 |
| Net assets without donor restrictions | $589,083 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $638,624 |
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