Fulton Mall Improvement Assoc Inc
- Assets
- $1.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 11-6259160
Organization Overview
Fulton Mall Improvement Assoc Inc is located in Brooklyn, NY. The organization was established in 1977. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulton Mall Improvement 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 06/2022, Fulton Mall Improvement Assoc Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 5.1% 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
PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A SPECIAL ASSESSMENT DISTRICT LOCATED IN NYC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC SAFETY - PROVIDING INCREASED PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED GUARDS AND A WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT.
PUBLIC SPACE - MAINTAINING CLEAN STREETS/CURBS, GARBAGE REMOVAL, AND SUPPLEMENTAL REPAIR AND MAINTENANCE OF SIDEWALKS, SIGNAGE AND PUBLIC FURNITURE AND FIXTURES.
MARKETING - PROMOTING THE DISTRICT TO RESIDENTS AND TOURISTS AND TO RETAIN AND DEVELOP PROSPECTIVE BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Laboz Chair | OfficerTrustee | 0.5 | $0 |
George Silva Vice-Chair | OfficerTrustee | 0.5 | $0 |
Isaac Chera Vice-Chair | OfficerTrustee | 0.5 | $0 |
Jeremy Hill Secretary | OfficerTrustee | 0.5 | $0 |
Kasey Colander Treasurer | OfficerTrustee | 0.5 | $0 |
Anthony Mazza Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Doe Fund Inc Sanitation | 6/29/22 | $806,107 |
Allied Universal Security | 6/29/22 | $478,304 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,631,425 |
| Investment income | $3,380 |
| 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 | $2,634,805 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,213 |
| Payroll taxes | $32,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $2,342 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,623,882 |
| Advertising and promotion | $0 |
| Office expenses | $53,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,341 |
| Travel | $1,389 |
| 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 | $71 |
| Insurance | $230,003 |
| All other expenses | $127,373 |
| Total functional expenses | $2,565,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,683 |
| Savings and temporary cash investments | $523,908 |
| Pledges and grants receivable | $11,037 |
| Accounts receivable, net | $0 |
| 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 | $97,052 |
| Net Land, buildings, and equipment | $824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,224 |
| Total assets | $1,264,728 |
| Accounts payable and accrued expenses | $225,282 |
| 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 | $4,000 |
| Total liabilities | $229,282 |
| Net assets without donor restrictions | $968,900 |
| Net assets with donor restrictions | $66,546 |
| 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 | $1,264,728 |