Downtown Denville B I D
- Assets
- $47.1k
- Revenue
- $234.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Denville, NJ
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-3456639
Organization Overview
Downtown Denville B I D is located in Denville, NJ. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Downtown Denville B I D employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Denville B I D 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, Downtown Denville B I D generated $234.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $297.1k during the year ending 12/2021. 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
TO SERVE AS THE DISTRICT MANAGEMENT CORPORATION FOR THE DENVILLE DOWNTOWN BUSINESS INPOROVEMENT DISTRICT PURSUANT TO N.J.S.A. 40:56-65 ET SEQ. ANS AS ESTABLISHED BY THE DENVILLE BUSINESS IMPROVEMENT DISTRICT ORDIANCE ADPOTED BY THE MUNICIPAL COUNCIL OF THE TOWNSHIP OF DENVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE ECONOMIC REVITALIZATION AND GENERAL WELFARE OF THE BUSINESS IMPROVEMENT DISTRICT AND THE TOWNSHIP OF DENVILLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Sandman Executive Di | Officer | 40 | $39,385 |
Alexis Schoerner Treasurer | Officer | 5 | $0 |
Meg Olenowski Board Member | Officer | 5 | $0 |
Gene Fitzpatrick Chairman | Trustee | 5 | $0 |
Jenn Fox Board Member | Trustee | 5 | $0 |
Kristin Pamperin Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $144,245 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,400 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| 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 | $234,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,890 |
| 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 | $0 |
| Other salaries and wages | $70,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $52,958 |
| Information technology | $18 |
| Royalties | $0 |
| Occupancy | $3,620 |
| 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 | $335 |
| Insurance | $0 |
| All other expenses | $3,717 |
| Total functional expenses | $297,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,283 |
| 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 | $406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $47,089 |
| Accounts payable and accrued expenses | $8,009 |
| 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 | $8,009 |
| Net assets without donor restrictions | $39,080 |
| 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 | $47,089 |
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Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
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