Downtown State College Improvement District Inc

Organization Overview

Downtown State College Improvement District Inc is located in State College, PA. The organization was established in 2002. 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, Downtown State College Improvement District Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown State College 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 12/2022, Downtown State College Improvement District Inc generated $700.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $545.0k during the year ending 12/2022. While expenses have increased by 2.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, PRESERVE AND EXTEND THE SAFETY, IMAGE AND ECONOMIC DEVELOPMENT OF DOWNTOWN STATE COLLEGE, PENNSYLVANIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE, PRESERVE AND EXTEND THE SAFETY, IMAGE AND ECONOMIC DEVELOPMENT OF DOWNTOWN STATE COLLEGE, PA THROUGH VARIOUS MARKETING ACTIVITIES. THESE INCLUDE GIFT CARD SALES, AND THE DISTRIBUTION OF MAPS AND GUIDES. THE DISTRICT SPONSORED VARIOUS EVENTS, AND EXTENSIVE REGIONAL MARKETING AND ADVERTISING CAMPAIGNS WITH BILLBOARDS AND NEWSPRINT WERE CONDUCTED. HOLIDAY LIGHTS, ORNAMENTS AND SKYLINES WERE USED TO DECORATE THE STREETSCAPE.


THE CLEANING AMBASSADORS PROVIDE DAILY CLEANING EFFORTS AND THE REMOVAL OF GRAFFITI IN HIGH TRAFFIC, HIGH VISIBILITY AREAS, FOR THE CONVENIENCE AND COMFORT OF SHOPPERS AND VISITORS.


THE DISTRICT WORKS TO PROMOTE RETAIL, RESTAURANT, RENTAL AND OTHER BUSINESS ACTIVITY DOWNTOWN. ALSO, IT ADMINISTERS A STATE PROGRAM TO ASSIST PROPERTY OWNERS WITH THE COST OF NEW SIGNS AND/OR FACADES.


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Board, Officers & Key Employees

Name (title)Compensation
Sharon Herlocher
Chairman
$0
Brian Cohen
Director
$0
Jonathan Friedman
Vice Chairman
$0
Chris Mckee
Treasurer
$0
Al Pringle
Secretary
$0
Gary Brandeis
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $105,000
All other contributions, gifts, grants, and similar amounts not included above$14,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$119,000
Total Program Service Revenue$573,280
Investment income $3,729
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 $700,052

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