North 24th Street Business Improvement District Association is located in Omaha, NE. 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. North 24th Street Business Improvement District Association 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 12/2022, North 24th Street Business Improvement District Association generated $59.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $87.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
NORTH 24TH STREET IS A WORLD CLASS DESTINATION RICH IN FAITH, FAMILY, AND HISTORY, LEGENDARY FOR MUSIC, SPORTS AND THE ARTS; SEATED IN OMAHA'S THRIVING ECONOMIC EPICENTER. ON JUNE 2, 2020, THE OMAHA CITY COUNCIL APPROVED THE NORTH 24TH STREET BUSINESS IMPROVEMENT DISTRICT (BID) FROM MEREDITH AVE TO CUMING STREET, THE FIRST OF ITS KIND IN NORTH OMAHA. THE NORTH 24TH STREET BID IS THE 2ND LARGEST BID IN THE CITY OF OMAHA, 2.3 MILES FROM NORTH TO SOUTH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Ballard Board Member | 5 | $0 | |
Dr Ralph Lassiter President | 5 | $0 | |
Preston Love Jr Vice President | 5 | $0 | |
Ben Swan Treasurer | 5 | $0 | |
Doysa Whitaker Asst Treasurer | 5 | $0 | |
Ralph Kleinsmith Secretary | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
Total Program Service Revenue | $0 |
Membership dues | $9,143 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $97 |
Total Revenue | $59,240 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $50,400 |
Professional fees and other payments to independent contractors | $17,600 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $150 |
Other expenses | $19,289 |
Total expenses | $87,439 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $89,267 |
Other assets | $0 |
Total assets | $89,267 |
Total liabilities | $0 |
Net assets or fund balances | $89,267 |