Central Avenue Historic Business Improvement District
- Assets
- $81.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-4551101
Organization Overview
Central Avenue Historic Business Improvement District is located in Los Angeles, CA. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Avenue Historic Business Improvement District 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 12/2021, Central Avenue Historic Business Improvement District generated $154.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $73.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CLEAN STREETS PROGRAM, BID RENEWAL, AND REBRANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolande Bankston President | 2 | $0 | |
Akeemi Bogertey Vice President | 15 | $0 | |
Monica Mbeguere Treasurer | 1 | $0 | |
Jonathan Zeichner Secretary | 1 | $0 | |
Clent Bowers Board Member | 1 | $0 | |
Horace Bowers Sr Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Concerned Citizens Of S Central La Community Security | 12/30/20 | $167,750 |
Crcd Enterprises Street Cleaning | 12/30/20 | $163,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,000 |
| Total Program Service Revenue | $63,954 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20 |
| Total Revenue | $153,974 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $62,760 |
| Occupancy, rent, utilities, and maintenance | $400 |
| Printing, publications, postage, and shipping | $110 |
| Other expenses | $9,418 |
| Total expenses | $72,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,662 |
| Other assets | $0 |
| Total assets | $81,662 |
| Total liabilities | $0 |
| Net assets or fund balances | $81,662 |