Mount Vernon Community Improvement District
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 11/2005
- Data as of
- 09/2023
- EIN
- 20-1608105
Organization Overview
Mount Vernon Community Improvement District is located in Washington, DC. The organization was established in 2005. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Mount Vernon Community Improvement District employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Vernon Community Improvement District is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Mount Vernon Community Improvement District generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE OF STAKEHOLDERS IN THE MOUNT VERNON TRIANGLE CID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAN AND SAFE PROGRAMS - THE MVT CID MAINTAINS A SEVEN-PERSON CLEAN TEAM AMBASSADORS STAFF THAT WORKS TO IMPROVE THE OVERALL CLEANLINESS AND SAFETY OF THE NEIGHBORHOOD. THE AMBASSADORS WORK SEVEN DAYS A WEEK AND ARE RESPONSIBLE FOR PICKING UP TRASH AND DEBRIS FROM THE SIDEWALKS AND STREETS; EMPTYING TRASH CANS; REMOVING GRAFFITI, STICKERS, AND HANDBILLS; PROVIDING LANDSCAPE MAINTENANCE FOR PARKS AND TREE BOXES; SHOVELING SNOW IN SUPPORT OF PRIVATE AND PUBLIC SPACES; PUTTING ICE MELT IN CROSSWALKS AND UNMAINTAINED ZONES; AND IDENTIFYING PUBLIC REALM DEFICIENCIES FOR REPORTING TO THE DISTRICT GOVERNMENT.
MARKETING AND ECONOMIC DEVELOPMENT PROGRAMS - MARKETING IS AN IMPORTANT ACTIVITY FOR THE MVT CID WITH GOALS TO PROMOTE ECONOMIC DEVELOPMENT - ATTRACTING BUSINESSES, RETAILERS AND RESIDENTS - AND TO ENCOURAGE CURRENT RESIDENTS AND BUSINESSES TO ENJOY ALL THAT THE TRIANGLE HAS TO OFFER. THE MVT CID PROMOTES RETAILERS AND NEW DEVELOPMENT, SUPPORTS THEIR BUSINESS-SPECIFIC MARKETING EFFORTS AND PURSUES OPPORTUNITIES TO HIGHLIGHT INTERESTING STORIES WITHIN THE COMMUNITY. WE ALSO MEET WITH POTENTIAL NEW RETAIL AND OFFICE CLIENTS TO ATTRACT THEM TO THE NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Berkeley Shervin Chairman | OfficerTrustee | 1 | $0 |
Dr Ivory Toldson Vice-Chairman | OfficerTrustee | 1 | $0 |
Aubrey Stephenson Treasurer | OfficerTrustee | 1 | $0 |
Elena Anderson At Large Director | Trustee | 1 | $0 |
Jimmy Dodson At Large Director | Trustee | 1 | $0 |
Samantha Margolis At Large Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capitol Hill Bid Cleaning/street Maintenance | 9/29/21 | $142,042 |
Streetplus Company Llc Cleaning/street Maintenance | 9/29/21 | $116,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,460 |
| Total Program Service Revenue | $1,244,605 |
| Investment income | $7,473 |
| 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 | $1,402,538 |
| 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. | $197,266 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,913 |
| Pension plan accruals and contributions | $3,620 |
| Other employee benefits | $14,126 |
| Payroll taxes | $25,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,318 |
| Fees for services: Accounting | $99,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,000 |
| Office expenses | $10,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,206 |
| Travel | $4,358 |
| 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 | $44,574 |
| Insurance | $6,660 |
| All other expenses | $10,111 |
| Total functional expenses | $1,293,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,727 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $36,415 |
| 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 | $14,172 |
| Net Land, buildings, and equipment | $179,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,234 |
| Total assets | $1,382,218 |
| Accounts payable and accrued expenses | $97,484 |
| Grants payable | $0 |
| Deferred revenue | $374,417 |
| 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 | $86,492 |
| Total liabilities | $558,393 |
| Net assets without donor restrictions | $823,825 |
| 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 | $1,382,218 |