East Side Business Improvement District
- Assets
- $190.0k
- Revenue
- $403.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Milwaukee, WI
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 39-1946861
Organization Overview
East Side Business Improvement District, operating under the name East Side Business Improvement, is located in Milwaukee, WI. The organization was established in 1999. 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 12/2023, East Side Business Improvement employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Side Business Improvement 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 12/2023, East Side Business Improvement generated $403.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $335.7k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 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
BUILDING A COALITION TO CREATE MILWAUKEE MOST DYNAMIC NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETED A MULTI-YEAR STRATEGIC PLANNING PROCESS FOR THE BID AND HAVE DEVELOPED A NEW IMPACT STRATEGY. HIRED A NEW EXECUTIVE DIRECTOR FOR THE BID WHO HAS STRONG EXPERIENCE AND PASSION FOR NON-PROFIT WORK. THE LEADERSHIP TRANSITIONED AFTER A THREE YEAR TENURE. CONTRACTS WERE INITIATED TO CLEAN SIDEWALKS AND GRAFFITI REMOVAL. OBTAINED SERVICES OF A COMPANY THAT PLANTS FLOWERS AND MAINTAINS STREET PLANTERS. PROVIDERS DECORATE THE CORE OF THE DISTRICT WITH HOLDIDAY LIGHTING DURING THE HOLIDAY SEASON. CONTINUED MANAGEMENT OF BLACK CAT ALLEY, WHICH INCLUDED MAINTAINING THE CURRENT MURALS, IMPROVING PEDESTRIAN SAFETY, IMPROVING SIGNAGE SECURITY AND DEVELOPING AND LAUNCHING NEW PROGRAMING USES FOR THE ALLEY. BID BUSINESSSES WERE PROMOTED THROUGH THE EAST SIDE BID WEBSITE. BOARD COMMITTEES INTRODUCED FOR ECONOMIC DEVELOPMENT, AREA MANAGEMENT, MARKETING, EVENTS, BLACK ALLEY CAT, AND PROVIDED STAFF SUPPORT FOR THE EAST SIDE ARCHITECTURAL BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Gohkman Director | Trustee | 1 | $0 |
Scott Blum Director | Trustee | 1 | $0 |
Tracey Wymelenberg Director | Trustee | 1 | $0 |
Stephane Townsend Director | Trustee | 1 | $0 |
Summer Thompson Director | Trustee | 1 | $0 |
Bob Lobner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,817 |
| Total Program Service Revenue | $323,739 |
| Investment income | $5,897 |
| 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 | $403,453 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $19,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,248 |
| Advertising and promotion | $44,614 |
| Office expenses | $11,109 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,047 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,987 |
| All other expenses | $11,289 |
| Total functional expenses | $335,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,989 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $189,989 |
| 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 | $189,989 |
Grants Awarded
Over the last fiscal year, East Side Business Improvement District has awarded $21,234 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TAMARCK WALDORF SCHOOL PURPOSE: GENERAL OPERATIONS | $7,078 |
LA ESCUELA FRATNEY PURPOSE: GENERAL OPERATIONS | $7,078 |
MPS FOUNDATION PURPOSE: GENERAL OPERATIONS | $7,078 |