Fishtown Kensington Area Business Improvement District Inc

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 12/2021, Fishtown Kensington Area Business Improvement District Inc employed 3 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 12/2021, Fishtown Kensington Area Business Improvement District Inc generated $764.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $581.9k during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 AND PROMOTIONS: FKABID HELPS PROMOTE AND MARKET THE DISTRICT WITH ACTIVITIES INCLUDING BRANDING AND MARKETING MATERIALS, A WEBSITE, INTERNET-BASED PROMOTION, AND SPECIAL EVENTS.


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; PERSONNEL AND ADMINISTRATION


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Board, Officers & Key Employees

Name (title)Compensation
Marc D Collazzo
Executive Director
$93,167
Paul Kimport
Chair
$0
Denise Mayer
Secretary
$0
Josh Olivo
Vice Chair
$0
Lisa Mazzola
Treasurer
$0
Darrell Clarke
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$563,384
Fundraising events$0
Related organizations$0
Government grants $118,421
All other contributions, gifts, grants, and similar amounts not included above$56,505
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$738,310
Total Program Service Revenue$23,894
Investment income $1,770
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 $763,974

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