Southwest Business Improvement District
- Assets
- $5.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Washington, DC
- Founding
- 09/2014
- Data as of
- 09/2021
- EIN
- 46-2590581
Organization Overview
Southwest Business Improvement District is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Southwest Business Improvement District employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Business 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 09/2021, Southwest Business Improvement District generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $3.4m during the year ending 09/2021. While expenses have increased by 10.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SOUTHWESTBUSINESS IMPROVEMENT DISTRICT (SWBID) IS TO DESIGN AND MANAGE A COMPREHENSIVE SERIES OF PROGRAMS TO IMPROVE THE IMAGE, CONNECTIVITY, AND BUSINESS CLIMATE OF THE NEAR SOUTHWEST QUADRANT OF THE DISTRICT OF COLUMBIA. THE SWBID PROVIDES PLACE MANAGEMENT, BRANDING AND PLACEMAKING SERVICES AND PROGRAMS. THE GOAL OF ALL OF THE SWBID INITIATIVES IS TO MAKE SOUTHWEST DC A CLEANER, SAFER AND BETTER CONNECTED PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLACE MANAGEMENT - SWBID PROVIDES SERVICES TO SWDC PROPERTY OWNERS AND RESIDENTS THROUGH SAFETY, CLEANLINESS, AND BEAUTIFICATION SUPPORT OF THE BID AREA. SERVICES INCLUDE: A DAILY WORK PLAN FOCUSING ON TARGET AREAS FOR CLEANING AND REPAIR BY THE SW "CLEAN TEAM; AN ONGOING ASSESSMENT OF PUBLIC SPACE AMENITIES; SUPPLEMENTAL CLEANING AND MAINTENANCE OF PUBLIC PARKS AND FEDERAL RESERVATIONS; REMOVAL OF DEBRIS IN PUBLIC AREAS; POWERWASHING OF SIDEWALKS, UNDERPASSES AND BRIDGES TO REMOVE DIRT ACCUMULATION AND ALL GRAFFITI; INSTALLATION OF SEASONAL BANNERS AND WAYFINDING SIGNS; THE PLANTING AND LANDSCAPING IN PUBLIC SPACES; OUTREACH TO THE HOMELESS TO PROVIDE MEDICAL, LEGAL AND SERVICE REFERRALS, AS NEEDED.
PLACEMAKING - SWBID ACTIVATES PUBLIC SPACES WITHIN THE BID BORDERS IN ORDER TO PROMOTE COMMUNITY ENGAGEMENT AND CONNECTIVITY. DURING FY2020,SWBID CONTINUED TO SUPPORT THE TWO ACTIVATIONS LAUNCHED THE PRIOR YEAR LOCATED AT THE LOT AT 4TH AND M STREET SW (A WEEKLY FARMER'S MARKET AND A TWICE MONTHLY NIGHT MARKET) AND FEDERAL RESERVATION 113 (THE CORNER OF 7TH AND MARYLAND AVE SW). WE MAINTAIN ONGOING RELATIONSHIPS WITH COMMUNITY LEADERS AND ELECTED OFFICIALS TO LAUNCH SPECIAL EVENTS AND BEAUTIFICATION PROGRAMS.
PLACE BRANDING - SWBID PLACE BRANDING INITIATIVES INCLUDE GATHERING AND PUBLICIZING DATA ON THE CHANGING, DIVERSE NEIGHBORHOOD, UPDATING WEBSITE CONTENT, FORMULATING WAYFINDING SIGNAGE, MAINTAINING AN ACTIVEVIRTUAL MEDIA CAMPAIGN, AND HOSTING COMMUNITY GROUPS TO MAXIMIZE NEWPUBLIC INITIATIVES IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Moore Executive Director | Officer | 40 | $316,825 |
Andre Witt Cheif Operating Officer | Officer | 40 | $186,363 |
Alexandra Albe Deputy Executive Director | Officer | 40 | $150,323 |
Tom Cicotello Secretary | OfficerTrustee | 1 | $0 |
Geoffrey Griffis Chairman | OfficerTrustee | 1 | $0 |
Michael Odum Co-Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,000 |
| Total Program Service Revenue | $4,096,632 |
| Investment income | $0 |
| 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 | $4,241,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,798 |
| 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. | $726,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $809,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $246,540 |
| Payroll taxes | $114,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $171,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,549 |
| Advertising and promotion | $9,750 |
| Office expenses | $12,679 |
| Information technology | $26,534 |
| Royalties | $0 |
| Occupancy | $160,474 |
| Travel | $14,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,066 |
| Insurance | $95,103 |
| All other expenses | $69,037 |
| Total functional expenses | $3,438,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,270,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $204,237 |
| 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 | $66,808 |
| Net Land, buildings, and equipment | $250,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,791,931 |
| Accounts payable and accrued expenses | $389,629 |
| Grants payable | $0 |
| Deferred revenue | $833,452 |
| 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 | $176,829 |
| Total liabilities | $1,399,910 |
| Net assets without donor restrictions | $4,392,021 |
| 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 | $5,791,931 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwest Business Improvement District has recieved totaling $20,500.
| Awarding Organization | Amount |
|---|---|
Washington Nationals Philanthropies Washington, DC PURPOSE: GENERAL SUPPORT | $20,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prosperity Now Washington, DC | $29,090,376 | $24,644,874 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |
Prince Georges County Economic Development Corporation Largo, MD | $6,056,042 | $4,300,935 |
Southwest Business Improvement District Washington, DC | $5,791,931 | $4,241,632 |
Common Ground Alliance Alexandria, VA | $4,149,136 | $2,873,132 |
Baltimore Community Lending Inc Baltimore, MD | $32,545,900 | $4,977,119 |
The Central Baltimore Partnership Inc Baltimore, MD | $5,647,773 | $4,310,518 |
Neighborhood Impact Investment Fund Inc Baltimore, MD | $56,038,192 | $3,451,759 |
Baltimore Arts Realty Corporation Baltimore, MD | $24,033,407 | $2,009,720 |
Innovation Works Inc Baltimore, MD | $838,851 | $867,783 |