Coliseum Central Business Improvement District Inc
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Hampton, VA
- Founding
- 05/1997
- Data as of
- 06/2023
- EIN
- 54-1791888
Organization Overview
Coliseum Central Business Improvement District Inc is located in Hampton, VA. The organization was established in 1997. 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 06/2023, Coliseum Central Business Improvement District Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coliseum Central Business Improvement District Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Coliseum Central Business Improvement District Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 6 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.
Since 2017, Coliseum Central Business Improvement District Inc has awarded 13 individual grants totaling $125,886. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, DEVELOP AND MARKET THE ECONOMIC DEVELOPMENT OF THE COLISEUM CENTRAL BUSINESS IMPROVEMENT DISTRICT WITHIN THE CITY OF HAMPTON, VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMAGE DEVELOPMENT - MAINTAIN A HIGH LEVEL OF SECURITY, SAFETY AND CLEANLINESS WITHIN THE DISTRICT, AND ENGAGE IN PUBLIC INFORMATION INITIATIVES TO COMMUNICATE THE FACT THAT THE DISTRICT IS A CLEAN, SAFE AND PLEASANT PLACE TO WORK, SHOP AND PLAY. WORK TO PROMOTE THE BEAUTIFICATION AND PHYSICAL ENHANCEMENT OF BOTH THE PUBLIC SPACES AND THE PRIVATELY OWNED BUILDINGS AND SPACES WITHIN THE DISTRICT.
CUSTOMER ATTRACTION - ACTIVELY MARKET TO POTENTIAL CUSTOMERS OF THE DISTRICT BUSINESSES. PROMOTE, SUPPORT, SPONSOR AND STAGE FAMILY EVENTS TO ATTRACT CUSTOMERS TO THE DISTRICT. MAINTAIN A COMMUNICATION LINK WITH THE VIRGINIA DEPARTMENT OF TRANSPORTATION TO KEEP BUSINESSES AWARE OF IMPENDING CONSTRUCTION SO IT DOES NOT HAVE HAVE AN ADVERSE EFFECT ON THE BUSINESSES IN THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Tripp Exe Director | Officer | 40 | $151,944 |
Eboni Council Deputy Exe D | 40 | $127,124 | |
Bradford T Brown Director | Trustee | 0.2 | $0 |
Randolph Bryant Director | Trustee | 0.25 | $0 |
Lawrence Cumming Director | Trustee | 0.1 | $0 |
Sonya Daniels Board Presid | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $694,364 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $687,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,444,202 |
| Total Program Service Revenue | $0 |
| Investment income | $1,741 |
| 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 | $1,445,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,500 |
| 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. | $172,771 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,954 |
| Pension plan accruals and contributions | $38,004 |
| Other employee benefits | $30,047 |
| Payroll taxes | $27,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,325 |
| Advertising and promotion | $180,465 |
| Office expenses | $97,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,210 |
| Travel | $8,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,237 |
| Interest | $10,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,229 |
| Insurance | $19,216 |
| All other expenses | $65,234 |
| Total functional expenses | $1,408,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,926 |
| Savings and temporary cash investments | $802,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $322,947 |
| 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 | $41,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,809 |
| Total assets | $1,528,467 |
| Accounts payable and accrued expenses | $50,300 |
| 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 | $294,809 |
| Total liabilities | $345,109 |
| Net assets without donor restrictions | $1,183,358 |
| 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 | $1,528,467 |
Grants Awarded
Over the last fiscal year, Coliseum Central Business Improvement District Inc has awarded $42,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR CHILD & FAMILY SERVICES PURPOSE: EVENT SPONSOR | $7,500 |
WAFX-FM PURPOSE: EVENT SPONSOR | $7,500 |
J&A RACING FOUNDATION PURPOSE: EVENT SPONSOR | $7,500 |
HAMPTON COLISEUM PURPOSE: EVENT SPONSOR | $20,000 |