Vineland Downtown Improvement Authority
- Assets
- $718.2k
- Revenue
- $343.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Vineland, NJ
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 22-3116666
Organization Overview
Vineland Downtown Improvement Authority is located in Vineland, NJ. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vineland Downtown Improvement Authority 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 12/2023, Vineland Downtown Improvement Authority generated $343.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $343.1k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 6 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
THE ORGANIZATION ASSISTS THE CITY OF VINELAND, NJ IN PROMOTING, ENHANCING AND REVITALIZING THE ECONOMIC GROWTH OF THE DOWNTOWN DISTRICT AS A THRIVING COMMERCIAL DISTRICT AND COMMUNITY GATHERING PLACE FOR SHOPPERS, RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASSISTS THE CITY OF VINELAND, NJ IN PROMOTING, ENHANCING AND REVITALIZING THE ECONOMIC GROWTH OF THE DOWNTOWN DISTRICT AS A THRIVING COMMERCIAL DISTRICT AND COMMUNITY GATHERING PLACE FOR SHOPPERS, RESIDENTS AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Lankin Chairman | OfficerTrustee | 5 | $0 |
Dennis Ingraldi Vice Chairma | OfficerTrustee | 5 | $0 |
Lizzy Kennedy Treasurer/se | OfficerTrustee | 5 | $0 |
Paul Spinelli Council Liai | OfficerTrustee | 5 | $0 |
Robin Adams Trustee At L | Trustee | 5 | $0 |
Vanessa Sosa Trustee At L | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,100 |
| Related organizations | $0 |
| Government grants | $266,261 |
| 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 | $287,361 |
| Total Program Service Revenue | $0 |
| Investment income | $548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| Grants and other assistance to domestic individuals. | $51,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,843 |
| Pension plan accruals and contributions | $3,627 |
| Other employee benefits | $0 |
| Payroll taxes | $9,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,250 |
| Advertising and promotion | $25,383 |
| Office expenses | $22,822 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,070 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,648 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,672 |
| Insurance | $10,555 |
| All other expenses | $0 |
| Total functional expenses | $343,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,336 |
| Savings and temporary cash investments | $53,551 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,361 |
| 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 | $7,825 |
| Net Land, buildings, and equipment | $417,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $718,190 |
| Accounts payable and accrued expenses | $23,694 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,950 |
| 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 | $508,692 |
| Total liabilities | $564,336 |
| Net assets without donor restrictions | $153,854 |
| 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 | $718,190 |