Dumbo District Management Association Inc
- Assets
- $359.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 12/2006
- Data as of
- 06/2023
- EIN
- 20-0214837
Organization Overview
Dumbo District Management Association Inc is located in Brooklyn, NY. The organization was established in 2006. According to its NTEE Classification (M99) the organization is classified as: Public Safety, Disaster Preparedness & Relief N.E.C., under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 06/2023, Dumbo District Management Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dumbo District Management Association 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 06/2023, Dumbo District Management Association Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 8.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS DEDICATED TO ENHANCING AND PROMOTING THE COMMUNITY KNOWN AS DUMBO ( DOWN UNDER THE MANHATTAN BRIDGE OVERPASS)IN THE BOROUGH OF BROOKLYN, NEW YORK. THE ASSOCIATION SHOWCASES DUMBO AS A WORLD CLASS DESTINATION AND A CENTER FOR BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANITATION SERVICES:DUMBO PROVIDES THROUGH A SUB-CONTRACT WITH THE DOE FOUNDATION FOR THE CLEANING OF STREETS AND PUBLIC SPACES, WATERING OF PLANTS AND REMOVAL OF GRAFFITI IN THE DUMBO DISTRICT. DUMBOS MAINTENANCE IMPROVES AND MAINTAINS THE OVERALL APPEARANCE OF THE DISTRICT.
EVENTS AND PROGRAMMING:DUMBO FREE COMMUNITY EVENTS INCLUDING PUBLIC ART, CONCERTS, MOVIES, AND FAMILY FESTIVALS. UNDER AN AGREEMENT WITH THE CITY OF NEW YORK, DUMBO IS ALLOWED TO USE PEARL PLAZA FOR THESE EVENTS AS LONG AS THE REVENUES RAISED AT THESE EVENTS THROUGH CONCESSIONS GO BACK INTO MAINTENANCE OF PEARL PLAZA. DUMBO SUB-CONTRACTS THE MAINTENANCE OF PEARL PLAZA THROUGH AGREEMENTS WITH DUMBO BID AND THE NYC DEPARTMENT OF TRANSPORTATION.
MARKETING ECONOMIC DEVELOPMENT:DUMBO PROVIDES FREE PUBLIC WI-FI THROUGHOUT DUMBO AS AN AMENITY TO THE PEOPLE WHO WORK, LIVE, AND VISIT DUMBO'S PUBLIC SPACES. THIS IS DONE THROUGH A CONTRACT WITH SKY PACKETS, A WIRELESS SOLUTIONS COMPANY. THE NETWORK COVERS MANY STREETS IN DUMBO, PARTS OF BROOKLYN BRIDGE PARK, THE PEARL STREET TRIANGLE, AND THE ARCHWAY UNDER THE MANHATTAN BRIDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandria Sica President | Officer | 40 | $247,207 |
Tom Montvel-Cohen Director | OfficerTrustee | 3 | $0 |
Peter Forman Vice President | OfficerTrustee | 3 | $0 |
Ayana Champagne Director | Trustee | 3 | $0 |
Bruce Silverglade Treasurer | OfficerTrustee | 3 | $0 |
Peter Benedetto Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,214 |
| Total Program Service Revenue | $1,400,560 |
| Investment income | $0 |
| 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 | $1,520,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,805 |
| 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. | $238,539 |
| Compensation of current officers, directors, key employees. | $21,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,167 |
| Payroll taxes | $33,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,924 |
| 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 | $16,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,830 |
| Insurance | $7,933 |
| All other expenses | $8,176 |
| Total functional expenses | $1,728,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,286 |
| 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 | $58,674 |
| Net Land, buildings, and equipment | $7,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,953 |
| Total assets | $359,334 |
| Accounts payable and accrued expenses | $87,687 |
| 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 | $25,953 |
| Total liabilities | $113,640 |
| Net assets without donor restrictions | $245,694 |
| 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 | $359,334 |
Grants Awarded
Over the last fiscal year, Dumbo District Management Association Inc has awarded $41,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOCK STREET SCHOOL PURPOSE: general purpose | $20,600 |
PTA OF PS 307 PURPOSE: general purpose | $20,600 |