Tysons Partnership Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Tysons, VA
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 27-5311081
Organization Overview
Tysons Partnership Inc is located in Tysons, VA. The organization was established in 2013. 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. As of 12/2021, Tysons Partnership Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tysons Partnership Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Tysons Partnership Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 10.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A PUBLIC-PRIVATE, STAKEHOLDER ASSOCIATION DEDICATED TO THE TRANSFORMATION OF TYSONS, VIRGINIA INTO AN URBAN DESTINATION, CONSISTENT WITH THE VISION OF THE FAIRFAX COUNTY COMPREHENSIVE PLAN FOR TYSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARTNERSHIP OPERATES A TRANSPORTATION MANAGEMENT ASSOCIATION, (TMA) DESIGNATED BY THE LOCAL JURISDICTIONAL AUTHORITY(FAIRFAX COUNTY), AS THE ENTITY RESPONSIBLE FOR IMPLEMENTATION OF MEASURES AIMED AT REDUCING SINGLE OCCUPANCY VEHICLE TRAFFIC IN TYSONS. IN 2021, THE TMA MARKETED TO ITS MEMBERS TRAFFIC DEMAND MANAGEMENT (TDM) SERVICE PACKAGES AND DELIVERED SERVICE COMPONENTS IN ACCORDANCE WITH THEIR TERMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sol Glasner President | OfficerTrustee | 40 | $150,000 |
Andrew Sunderland Highest Compensated Employ | 40 | $107,769 | |
Greg Riegle Chair | OfficerTrustee | 1 | $0 |
Josh White Board Member | OfficerTrustee | 1 | $0 |
Barbara Byron Board Member | Trustee | 1 | $0 |
Barry Mark Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells And Associates Inc Consulting | 12/30/21 | $402,156 |
Kgl Communications Llc Consulting | 12/30/21 | $233,115 |
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 | $1,217,075 |
| Investment income | $42 |
| 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 | $1,217,404 |
| 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 | $257,769 |
| Other salaries and wages | $138,740 |
| Pension plan accruals and contributions | $3,842 |
| Other employee benefits | $21,939 |
| Payroll taxes | $29,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $804,729 |
| Advertising and promotion | $0 |
| Office expenses | $2,206 |
| Information technology | $39,312 |
| Royalties | $0 |
| Occupancy | $27,000 |
| Travel | $288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,734 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,797 |
| Insurance | $3,706 |
| All other expenses | $4,114 |
| Total functional expenses | $1,440,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,610 |
| Savings and temporary cash investments | $84,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,781 |
| 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 | $0 |
| Net Land, buildings, and equipment | $34,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $661,408 |
| Other assets | $5,362 |
| Total assets | $1,320,748 |
| Accounts payable and accrued expenses | $131,952 |
| Grants payable | $0 |
| Deferred revenue | $397,000 |
| 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 | $59,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,149 |
| Total liabilities | $640,001 |
| Net assets without donor restrictions | $680,747 |
| 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 | $1,320,748 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tysons Partnership Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Commonwealth Consultants Foundation Incorporated Vienna, VA PURPOSE: COMMUNITY, NEIGHBORHOOD DEVELOPMENT, IMPROVEMENT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Coastal Community Action Inc Newport, NC | $6,264,251 | $13,623,681 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |
Neighborhood Preservation Inc Memphis, TN | $5,226,571 | $6,441,182 |
Coalfield Community Action Partnership Inc Williamson, WV | $5,496,204 | $10,777,426 |