Fishtown Kensington Area Business Improvement District Inc
- Assets
- $447.2k
- Revenue
- $883.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4037072
Organization Overview
Fishtown Kensington Area Business Improvement District Inc is located in Philadelphia, PA. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Fishtown Kensington Area Business Improvement District Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fishtown Kensington Area Business Improvement District Inc 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, Fishtown Kensington Area Business Improvement District Inc generated $883.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $932.7k during the year ending 12/2023. 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
THE FISHTOWN KENSINGTON AREA BUSINESS IMPROVEMENT DISTRICT (BID) PLANS AND FUNDS SERVICES TO IMPROVE AND PRESERVE OUR NEIGHBORHOOD. THE BID WORKS TO IMPROVE THE QUALITY OF LIFE OF OUR RESIDENTS AS WELL AS THE SUCCESS AND GROWTH OF OUR BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEANING, GREENING, AND MAINTENANCE: FKABID IS RESPONSIBLE FOR CLEANING AND BEAUTIFYING THE DISTRICT AND WORKING TO IMPROVE THE GREEN ELEMENTS OF THE DISTRICT BY IMPLEMENTING PROGRAMS SUCH AS SIDEWALK SWEEPING, ADDING TRASH & RECYCLING RECEPTACLES, STREET CLEANING, SIDEWALK SAFETY ENFORCEMENT, AND ADDING AND MAINTAINING GREEN ELEMENTS.
MARKETING & COMMUNICATIONS; PERSONNEL AND ADMINISTRATION BEAUTIFICATION
ECONOMIC DEVELOPMENT AND PUBLIC SAFETY: FKABID OFFERS SUPPORT TO EXISTING BUSINESSES TO INCREASE STABILITY AND GROWTH, IMPROVE THE ECONOMIC CLIMATE OF THE DISTRICT AND EMPLOYMENT OPPORTUNITIES, AND WORK TO FIND NEW BUSINESSES. FKABID WORKS TO KEEP THE DISTRICT SAFE FOR RESIDENTS, BUSINESSES, AND VISITORS.
CAPITAL IMPROVEMENTS AND PARKING: FKABID ADDRESSES REPAIRS AND IMPROVEMENTS NEEDED IN PUBLIC AREAS INCLUDING FACADES AND SIDEWALKS, WORKS TO CREATE STREETSCAPE IMPROVEMENTS AND GREENING, AND WORKS TO FIND LONG-TERM SOLUTIONS FOR ADDITIONAL PARKING FOR VEHICLES AND BICYCLES AND SAFETY ENHANCEMENTS FOR CROSSWALKS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Olivo President | OfficerTrustee | 5 | $0 |
Lisa Mazzola Treasurer | OfficerTrustee | 2 | $0 |
Skip Schwarzman Secretary | OfficerTrustee | 2 | $0 |
Ravi Bayanker Board Member | Trustee | 1 | $0 |
Denise Mayer Board Member | Trustee | 1 | $0 |
Jonathan Todd Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $587,262 |
| Fundraising events | $400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857,556 |
| Total Program Service Revenue | $1,652 |
| Investment income | $22,718 |
| 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 | $883,529 |
| 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. | $138,196 |
| Compensation of current officers, directors, key employees. | $34,549 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,378 |
| Fees for services: Accounting | $6,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $485 |
| Advertising and promotion | $64,291 |
| Office expenses | $9,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,422 |
| Travel | $65 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,841 |
| All other expenses | $4,993 |
| Total functional expenses | $932,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $427,070 |
| 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 | $2,016 |
| 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 | $447,163 |
| Accounts payable and accrued expenses | $34,997 |
| 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 | $48,659 |
| Total liabilities | $83,656 |
| Net assets without donor restrictions | $363,507 |
| 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 | $447,163 |