Bixby Knolls Business Improvement Association
- Assets
- $88.1k
- Revenue
- $384.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Long Beach, CA
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 33-0582491
Organization Overview
Bixby Knolls Business Improvement Association is located in Long Beach, CA. The organization was established in 1993. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Bixby Knolls Business Improvement Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bixby Knolls Business Improvement Association 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 06/2022, Bixby Knolls Business Improvement Association generated $384.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $421.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE BIXBY KNOLLS BUSINESS IMPROVEMENT ASSOCIATION IS TO PROMOTE THE INTERESTS OF ITS PROFESSIONAL, SERVICE AND RETAIL MEMBERS, TO ENHANCE THE COMMON AREAS WITHIN THE BIA AREA, TO FACILITATE THE EXCHANGE OF BUSINESS INFORMATION AND IDEAS, AND TO PROMOTE THE HIGHEST BUSINESS AND ETHICAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BKBIA CONTINUES TO MAINTAIN THE BUSINESS CORRIDORS BY FACILITATING THE CLEAN AND SAFE PROGRAMS. THESE INCLUDE PRIVATE SECURITY TO PATROL THE ENTIRE DISTRICT (CORRIDORS, ALLEYS, PARKING LOTS). CSI SECURITY PATROL IS ON-CALL FOR ALL BUSINESS MEMBERS TO CALL WITH ANY ISSUE. THE BKBIA ALSO IMPLEMENTS LITTER ABATEMENT 5 DAYS A WEEK TO ENSURE THE DISTRICT REMAINS TIDY FOR ALL MEMBERSHIP AND CUSTOMERS/CLIENTS. FIRST FRIDAYS IS OUR LARGEST AND MOST CONSISTENT EVENT WHICH SERVES AS THE PRIMARY ECONOMIC DEVELOPMENT DRIVER FOR THE DISTRICT. THE EVENT DRAWS FOOT TRAFFIC FROM A WIDE GEOGRAPHIC AREA PROVIDING A LARGE FINANCIAL BOOST TO PARTICIPATING BUSINESS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blair Cohn Executive Dir. | Officer | 40 | $92,947 |
Bill Larson Secretary | OfficerTrustee | 0.5 | $0 |
Anthony Puente Director | Trustee | 0.5 | $0 |
Norman Cauntay Vice President | OfficerTrustee | 1 | $0 |
Crystal Rogers Director | Trustee | 0.5 | $0 |
Michael Mora President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,359 |
| Total Program Service Revenue | $237,437 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,000 |
| 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 | $384,796 |
| 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. | $92,947 |
| Compensation of current officers, directors, key employees. | $9,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,712 |
| Advertising and promotion | $12,573 |
| Office expenses | $11,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,021 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $342 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,265 |
| All other expenses | $6,493 |
| Total functional expenses | $421,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,073 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $88,073 |
| Accounts payable and accrued expenses | $1,436 |
| 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 | $18,638 |
| Total liabilities | $20,074 |
| Net assets without donor restrictions | $0 |
| 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 | $67,999 |
| Total liabilities and net assets/fund balances | $88,073 |