Dumbo District Management Association Inc
- Assets
- $532.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 12/2006
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Dumbo District Management Association Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 8.7% 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
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
ADVOCATED FOR INFRASTRUCTURE IMPROVEMENTS, DEVELOPED ADVANCED PROGRAMMING OF THE ARCHWAY, ENCOURAGED THE GROWTH OF A MIXED-USE COMMUNITY INCLUDING A THRIVING TECHNOLOGY AND CREATIVE SECTOR, AS WELL AS PROVIDED AMENITIES INCLUDING WIFI & SUPPLEMENTAL SANITATION. WHILE EXPANDING REVENUE BASE THROUGH GRANTS, CORPORATE AND INDIVIDUAL SUPPORT, SPONSORSHIP AND BY HOSTING SPECIAL EVENTS WITH WHICH TO BUILD ON OUR PROGRAMS, RESEARCH AND ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandria Sica Executive Dir. | Officer | 40 | $250,000 |
Peter Forman Vice President | OfficerTrustee | 3 | $0 |
Bruce Silverglade Treasurer | OfficerTrustee | 3 | $0 |
Sayar Lonial President | OfficerTrustee | 3 | $0 |
Dave Lombino Secretary | OfficerTrustee | 3 | $0 |
Tom Montvel-Cohen Director | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,744 |
| Total Program Service Revenue | $1,339,036 |
| 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 | $1,531,780 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,555 |
| 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. | $241,380 |
| Compensation of current officers, directors, key employees. | $21,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,045 |
| Payroll taxes | $30,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,909 |
| Advertising and promotion | $0 |
| Office expenses | $9,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000 |
| Insurance | $7,858 |
| All other expenses | $8,608 |
| Total functional expenses | $1,668,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,345 |
| 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 | $57,245 |
| Net Land, buildings, and equipment | $10,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,000 |
| Total assets | $532,232 |
| Accounts payable and accrued expenses | $79,302 |
| 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 | $79,302 |
| Net assets without donor restrictions | $442,930 |
| Net assets with donor restrictions | $10,000 |
| 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 | $532,232 |
Grants Awarded
Over the last fiscal year, Dumbo District Management Association Inc has awarded $47,485 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: general purpose | $28,328 |
Brooklyn, NY PURPOSE: general purpose | $19,157 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dumbo District Management Association Inc has recieved totaling $12,519.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kpmg U S Foundation Inc Montvale, NJ | $7,316,074 | $15,805,359 |
Ember Charter School For Mindful Education Innovation & Transformat Brooklyn, NY | $4,989,812 | $13,170,191 |
Middle Atlantic-Great Lakes Organized Crime Law Enforcement Ne Newtown, PA | $960,746 | $5,103,859 |
Pennsylvania Chiefs Of Police Association Harrisburg, PA | $3,883,927 | $3,936,036 |
Hollidaysburg American Legion Hollidaysburg, PA | $1,592,009 | $2,468,466 |
Dumbo District Management Association Inc Brooklyn, NY | $532,232 | $1,531,780 |
Nyc Medics New York, NY | $432,315 | $1,732,830 |
Carle Place Hook Ladder & Hose Co 1 Carle Place, NY | $5,284,586 | $1,682,043 |
Hamburg Emergency Medical Services Inc Hamburg, PA | $1,326,601 | $1,385,975 |
Union Emergency Medical Unit Of Union New Jersey Union, NJ | $704,618 | $1,591,533 |
Livable Streets Transportation Alliance Of Boston Inc Cambridge, MA | $1,332,341 | $636,330 |
Berlin Area Ambulance Assn Inc Berlin, PA | $267,780 | $531,876 |