East Passyunk Avenue Business Improvement District Inc
- Assets
- $330.3k
- Revenue
- $335.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Philadelphia, PA
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 13-4237027
Organization Overview
East Passyunk Avenue Business Improvement District Inc is located in Philadelphia, PA. The organization was established in 2004. 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. East Passyunk Avenue Business Improvement District 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 12/2021, East Passyunk Avenue Business Improvement District Inc generated $335.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $360.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE ECONOMIC DEVELOPMENT OF THE EAST PASSYUNK DISTRICT OF THE CITY OF PHILADELPHIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST PASSYUNK AVENUE BUSINESS IMPROVEMENT DISTRICT (EPABID) IS A NON-PROFIT ORGANIZATION DEDICATED TO THE REVITALIZATION OF ONE OF PHILADELPHIA'S LONGEST-STANDING COMMERCIAL CORRIDORS. EPABID WAS ESTABLISHED IN 2002 AND ITS BOARD OF DIRECTORS MEETS REGULARLY TO OVERSEE ITS PROGRAMS, INCLUDING CAPITAL AND FACADE IMPROVEMENT PROJECTS, MARKETING AND PROMOTIONS, SPECIAL EVENTS, BUSINESS RECRUITMENT AND RETENTION, AND CLEAN AND GREEN INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Leiter Executive Director | Officer | 40 | $83,870 |
Pam Zenzola Board Chair | OfficerTrustee | 5 | $0 |
Nancy Melchiore Secretary | OfficerTrustee | 5 | $0 |
Michael Giangiordano Jr Treasurer | OfficerTrustee | 5 | $0 |
Elaine Johnson Board Member | Trustee | 5 | $0 |
Marlo Dilks Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $178,854 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,326 |
| Total Program Service Revenue | $0 |
| Investment income | $39 |
| 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 | $335,365 |
| 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. | $84,095 |
| Compensation of current officers, directors, key employees. | $8,409 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,892 |
| Insurance | $4,726 |
| All other expenses | $6,493 |
| Total functional expenses | $360,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,631 |
| Savings and temporary cash investments | $25,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,224 |
| 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 | $3,854 |
| Net Land, buildings, and equipment | $84,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,030 |
| Total assets | $330,324 |
| Accounts payable and accrued expenses | $16,069 |
| 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 | $16,069 |
| Net assets without donor restrictions | $314,255 |
| 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 | $330,324 |
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|---|---|---|
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The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
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