Capitol Business Improvement District Incorporated
- Assets
- $1.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 55
- Location
- Washington, DC
- Founding
- 10/2000
- Data as of
- 09/2023
- EIN
- 52-2232461
Organization Overview
Capitol Business Improvement District Incorporated is located in Washington, DC. The organization was established in 2000. 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. As of 09/2023, Capitol Business Improvement District Incorporated employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Business Improvement District Incorporated 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, Capitol Business Improvement District Incorporated generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.4m during the year ending 09/2023. 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
PROVIDES ENHANCED SERVICES DESIGNED TO AUGMENT, NOT REPLACE, THOSE PROVIDED BY THE DC GOVERNMENT, INCLUDING: SECURITY, STREET CLEANING, MAINTENANCE AND GRAFFITI REMOVAL, STREETSCAPE IMPROVEMENTS, MARKETING AND PROMOTIONAL SERVICES AND COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURITY, STREET CLEANING, MAINTENANCE AND GRAFFITI REMOVAL, STREETSCAPE IMPROVEMENTS, MARKETING AND PROMOTIONAL SERVICES AND COMMUNITY OUTREACH IN THE AREA OF CAPITOL HILL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Denton Chairman | OfficerTrustee | 1 | $0 |
Michael Phillips Vice Chairman | OfficerTrustee | 1 | $0 |
Michael D Warner Treasurer | OfficerTrustee | 1 | $0 |
Eric Korsvall Secretary | OfficerTrustee | 1 | $0 |
Hamood Abutaa Director | Trustee | 1 | $0 |
Gwendolyn M Blade Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,236,495 |
| Investment income | $2,148 |
| 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 | $3,238,643 |
| 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. | $257,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,771,003 |
| Pension plan accruals and contributions | $54,933 |
| Other employee benefits | $264,193 |
| Payroll taxes | $155,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $98,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,714 |
| Advertising and promotion | $36,669 |
| Office expenses | $5,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,680 |
| Travel | $3,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,763 |
| Interest | $2,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,166 |
| Insurance | $93,965 |
| All other expenses | $156,570 |
| Total functional expenses | $3,356,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,967 |
| Savings and temporary cash investments | $26 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $407,064 |
| 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 | $48,724 |
| Net Land, buildings, and equipment | $82,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,785 |
| Total assets | $1,056,018 |
| Accounts payable and accrued expenses | $88,707 |
| Grants payable | $0 |
| Deferred revenue | $656,341 |
| 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 | $202,464 |
| Total liabilities | $947,512 |
| Net assets without donor restrictions | $108,506 |
| 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 | $1,056,018 |