Ithaca Downtown Business Improvement District Inc is located in Ithaca, NY. The organization was established in 2007. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Ithaca Downtown Business Improvement District Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaca Downtown 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, Ithaca Downtown Business Improvement District Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE IMAGE OF THE ITHACA, NY DOWNTOWN AREA SO AS TO MAKE THAT AREA MORE ATTRACTIVE TO RESIDENTS, VISTORS AND BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMAGE MARKETING - EFFORTS TO PROVIDE A GENERIC PROGRAM TO PROMOTE DOWNTOWN ITHACA, NY TO ENCOURAGE PEOPLE TO WORK, SHOP, LIVE AND VISIT.
SPECIAL PROMOTIONS AND EVENTS - DEVELOPMENT AND IMPLEMENTATION OF ANNUAL CALENDAR OF EVENTS, MANAGEMENT OF GIFT CERTIFICATE PROGRAM, WELCOME PACKET DISTRIBUTION AND GENERAL TOURISM DEVELOPMENT.
GOVERNMENT RELATIONS -SUPPLEMENTARY DOWNTOWN BEAUTIFICATION AND HOSPITALITY SERVICES AS WELL AS GENERAL ADVOCACY FOR IMPROVED PUBLIC SERVICES BUT NOT INCLUDING POLITICAL OR LOBBYING ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Ferguson Executive Director | Officer | 40 | $111,269 |
Brett Bossard Secretary | OfficerTrustee | 0 | $0 |
Megan Vidler Treasurervp For Business Ret | OfficerTrustee | 0 | $0 |
Abby Peterson VP For Marketing | OfficerTrustee | 0 | $0 |
Ashley Cake President | OfficerTrustee | 0 | $0 |
Fred Schoeps VP - Transportation | OfficerTrustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,450 |
Related organizations | $0 |
Government grants | $838,427 |
All other contributions, gifts, grants, and similar amounts not included above | $103,137 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $943,014 |
Total Program Service Revenue | $0 |
Investment income | $58 |
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 | $1,349,943 |
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. | $111,269 |
Compensation of current officers, directors, key employees. | $18,916 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $350,116 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $76,453 |
Payroll taxes | $37,698 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $28,671 |
Travel | $316 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $14,744 |
All other expenses | $317,068 |
Total functional expenses | $1,205,570 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $340,898 |
Savings and temporary cash investments | $72,919 |
Pledges and grants receivable | $32,220 |
Accounts receivable, net | $34,998 |
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 | $23,434 |
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 | $504,469 |
Accounts payable and accrued expenses | $42,943 |
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 | $50,000 |
Total liabilities | $92,943 |
Net assets without donor restrictions | $308,785 |
Net assets with donor restrictions | $102,741 |
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 | $504,469 |
Over the last fiscal year, we have identified 1 grants that Ithaca Downtown Business Improvement District Inc has recieved totaling $5.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Organization Name | Assets | Revenue |
---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |