Riverhead Business Improvement District Management Assoc Inc
- Assets
- $137.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Riverhead, NY
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 11-3248819
Organization Overview
Riverhead Business Improvement District Management Assoc Inc is located in Riverhead, NY. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Riverhead Business Improvement District Management Assoc Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverhead Business Improvement District Management Assoc Inc 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 12/2022, Riverhead Business Improvement District Management Assoc Inc generated $168.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $174.4k during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE CULTURAL AND ECONOMIC GROWTH IN THE TOWN. PLANS AND SCHEDULES VARIOUS SEASONAL EVENTS INCLUDING FAIRS AND FESTIVALS. PROMOTE THE RICH HISTORY OF THE TOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Verity Director | 15 | $34,000 | |
Steven Shauger President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $168,892 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $168,892 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,870 |
| Professional fees and other payments to independent contractors | $2,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $125,293 |
| Total expenses | $174,413 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,037 |
| Other assets | $0 |
| Total assets | $137,796 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,796 |