Atlantic Avenue Association Local Development
- Assets
- $380.8k
- Revenue
- $437.7k
- Investments
- $0.0
- Employees
- 12
- Location
- Brooklyn, NY
- Founding
- 10/1986
- Data as of
- 12/2019
- EIN
- 11-2786225
Organization Overview
Atlantic Avenue Association Local Development is located in Brooklyn, NY. The organization was established in 1986. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2019, Atlantic Avenue Association Local Development employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Atlantic Avenue Association Local Development generated $437.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $453.8k during the year ending 12/2019. While expenses have increased by 4.9% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER ECONOMIC DEVELOPMENT, HISTORIC PRESERVATION,AND CULTURAL ENRICHMENT ON ATLANTIC AVENUE, IN BROOKLYN, NEW YORK, FROM FOURTH AVENUE TO THEWATERFRONT AND THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ATLANTIC ANTIC FESTIVAL:THE ATLANTIC ANTIC BRINGS TOGETHER HUNDREDS OF THOUSANDS OF PEOPLE TO ATLANTIC AVENUE TO CELEBRATE THE LONGSTANDING TRADITION OF FOOD, ART, MUSIC, SHOPPING, FESTIVITIES, AND FUN.
YOUTH COMMUNITY SCHOLARSHIP PROGRAM:THE ATLANTIC AVENUE LOCAL DEVELOPMENT CORPORATION (AALDC) PROVIDES OPPORTUNITIES FOR YOUTH TO ATTEND LOCAL PROGRAMS THAT ARE ENRICHING WHILE FORWARDING ECONOMIC DEVELOPMENT WITHIN THE BROOKLYN COMMUNITIES OF BOERUM HILL, BROOKLYN HEIGHTS AND COBBLE HILL.THE SCHOLARSHIP PROGRAM IS OPEN TO CHILDREN AGES 4 TO 18 WHO LIVE OR ATTEND SCHOOLS WITHIN BROOKLYN PUBLIC SCHOOL DISTRICTS 13 OR 15.PRIORITY SCHOLARSHIP AWARDS WILL BE GIVEN TO LOW-INCOME FAMILIES AND YOUTH WHO RESIDE IN THE 11217 OR 11201 ZIP CODE; FAMILIES WITH LIMITED FINANCIAL RESOURCES ARE ALSO ENCOURAGED TO APPLY.
ANNUAL HOLIDAY PROGRAMMING:HOLIDAY WINDOWS WILL BE ON DISPLAY AT VARIOUS RETAILERS ON ATLANTIC AVENUE FROM HICKS STREET TO FOURTH AVENUE EVERY WINTER HOLIDAY SEASON. THE ATLANTIC AVENUELOCAL DEVELOPMENT CORPORATION (AALDC) PRESENTS AN ANNUAL HOLIDAY WINDOWJUDGING PROMOTION FOR THE BEST DECORATED MERCHANT WINDOWS.THE AWARD IS GIVEN TO AVENUE MERCHANTS FOR THEIR AESTHETIC CONTRIBUTION TO THE NEIGHBORHOODS OF BROOKLYN HEIGHTS, COBBLE HILL, DOWNTOWN BROOKLYN AND BOREUM HILL.THE AALDC PRESENTS AN ANNUAL TREE LIGHTING PARTY FOR THE COMMUNITY.THERE IS THE OFFICIAL TREE LIGHTING ON ATLANTIC AVENUE (CORNER OF BOND STREET), HOLIDAY PERFORMANCES AND A VISIT FROM SANTA CLAUS!THE 2019OFFICIAL ATLANTIC AVENUETREE LIGHTING CEREMONY AND PARTY WASHED ON DECEMBER 5TH.FOR THE HOLIDAY SEASON,THE AALDC IS PRESENTS A SHOP & DINE PROMOTION FOR VISITORS TO SAVE ON SELECT ITEMS AT PARTICIPATING ATLANTIC AVENUE MERCHANTS FROM4TH AVENUE TO HICKS STREET FROM DECEMBER 1ST THRU 15TH.DURING THIS PROMOTION,THE AALDCSPONOSORED THE WALK THE WINDOWSEVENT ON SATURDAY,DECEMBER7TH, WHERE VISITORS TO ATLANTIC AVENUE CAN ENJOY HOLIDAY WINDOWS, GIFT SPECIALS, IN-STORE EVENTS & SANTA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Ben-Eliezer-Baxter Executive Dir. | Trustee | 32 | $152,299 |
Christian Haag Past-President | OfficerTrustee | 5 | $0 |
Sue Wolfe Vice President | OfficerTrustee | 5 | $0 |
Nat Rubin President | OfficerTrustee | 5 | $0 |
Sharon Taylor Secretary | OfficerTrustee | 5 | $0 |
Darlene C Samuels Co-Vice Pres | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,647 |
| Total Program Service Revenue | $0 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,782 |
| 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 | $437,660 |
| 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. | $145,135 |
| Compensation of current officers, directors, key employees. | $10,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,971 |
| Payroll taxes | $19,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,505 |
| Office expenses | $2,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,597 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,701 |
| All other expenses | $11,798 |
| Total functional expenses | $453,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,504 |
| Savings and temporary cash investments | $119,830 |
| 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 | $11,058 |
| Net Land, buildings, and equipment | $226,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,191 |
| Total assets | $380,754 |
| Accounts payable and accrued expenses | $0 |
| 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 | $173,446 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,615 |
| Total liabilities | $191,061 |
| Net assets without donor restrictions | $189,693 |
| 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 | $380,754 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Atlantic Avenue Association Local Development has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
New York-Presbyterian Brooklyn Methodist Brooklyn, NY PURPOSE: Support | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $492,002,435 | $71,439,979 |
Peabody Essex Museum Inc Salem, MA | $744,344,002 | $55,752,290 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $96,789,670 | $32,020,156 |
Mystic Seaport Museum Inc Mystic, CT | $101,622,938 | $24,939,678 |
Jewish Museum New York, NY | $144,529,324 | $16,750,838 |
The Paley Center For Media New York, NY | $135,793,374 | $16,522,500 |
Margaret Woodbury Strong Museum Rochester, NY | $181,222,885 | $18,136,762 |
Newark Museum Association Newark, NJ | $63,813,028 | $12,081,101 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $140,231,419 | $6,815,716 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,448,913 | $11,370,806 |
National Museum Of American Jewish History Philadelphia, PA | $87,786,945 | $4,645,765 |