Atlantic Avenue Association Local Development

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Tammy Ben-Eliezer-Baxter
Executive Dir.
$152,299
Christian Haag
Past-President
$0
Sue Wolfe
Vice President
$0
Nat Rubin
President
$0
Sharon Taylor
Secretary
$0
Darlene C Samuels
Co-Vice Pres
$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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Atlantic Avenue Association Local Development has recieved totaling $6,000.

Awarding OrganizationAmount
New York-Presbyterian Brooklyn Methodist

Brooklyn, NY

PURPOSE: Support

$6,000
View Grant Recipient Profile

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