Dupont Circle Business Improvement District is located in Washington, DC. The organization was established in 2018. 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, Dupont Circle Business Improvement District employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dupont Circle 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 09/2023, Dupont Circle Business Improvement District generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.5m 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
THE MISSION OF THE DUPONT CIRCLE BID IS TO ELEVATE THE ICONIC DUPONT CIRCLE NEIGHBORHOOD THROUGH CLEANLINESS AND SAFETY SERVICES, MANAGING AND ACTIVATING PUBLIC SPACES, BOLSTERING THE NEIGHBORHOOD'S IDENTITY AND SENSE OF PLACE, AND SUPPORTING THE LOCAL BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEANING - CONTRACTED THROUGH CENTRAL UNION MISSION, THE BID'S DEDICATED CLEAN TEAM ENHANCES OUR PUBLIC SPACES THROUGH SERVICES SUCH AS DAILY STREET CLEANING, SNOW/ICE REMOVAL, LEAF PICK-UP, POWER WASHING, RODENT ABATEMENT, AND GRAFFITI MITIGATION. FIVE-TEAM CREWS WORK FROM 7:00 A.M.-3:00 P.M. SEVEN DAYS A WEEK, EXCEPT ON NATIONAL AND CITY HOLIDAYS. THE MISSION'S WORKFORCE AND EDUCATION DEVELOPMENT PROGRAM PROVIDES LONG-TERM ECONOMIC SELF-SUFFICIENCY THROUGH EMPLOYMENT PERMANENCE, EDUCATION, AND LIFE SKILLS TRAINING. IN 2023, THE BID HIRED ITS FIRST DEDICATED LANDSCAPER TO WEED TREE BOXES, MEDIANS, AND FIVE PARKS AROUND THE NEIGHBORHOOD. IN TIME, THE BID AIMS TO EXPAND THIS PROGRAM AS WE CONTINUE TO BEAUTIFY DUPONT CIRCLE.
SAFE - THE BID EMPLOYS A FULL-TIME SAFETY AMBASSADOR WHO WORKS 3:00-11:00 P.M. EACH TUESDAY THROUGH SATURDAY. THE ROLE OF THE BID'S SAFETY AMBASSADOR IS TO ENGAGE WITH COMMUNITY STAKEHOLDERS SUCH AS RETAIL, RESTAURANT, AND SERVICE BUSINESSES AS WELL AS VISITORS AND RESIDENTS. SAFETY AMBASSADOR FOOT PATROLS PROVIDE A VISIBLE PRESENCE ACROSS DUPONT CIRCLE DURING PERIODS OF HEAVY PEDESTRIAN TRAFFIC, ENCOURAGING A SAFER COMMUNITY. THE BID CONTINUES TO PARTNER WITH MPD SECOND DISTRICT LEADERSHIP, DUPONT CIRCLE STAKEHOLDERS, AND CIVIC LEADERSHIP TO SHARE INFORMATION, ACCESS RESOURCES, AND ADVOCATE FOR A SAFER COMMUNITY. IN FY2023, THE BID RELAUNCHED ITS PUBLIC SAFETY COMMITTEE. COMPRISED OF COMMERCIAL BUILDING PROPERTY OWNERS AND TENANTS, THE COMMITTEE MEETS EVERY OTHER MONTH, USUALLY AT MISSION AT 2:00 P.M. TO FACILITATE CONVERSATIONS REGARDING PUBLIC SAFETY WITH MPD, BUILDING PUBLIC TRUST, AND IDENTIFYING RESOURCES FOR LOCAL BUSINESSES.
MARKETING - BRANDING, MARKETING, AND EVENTS - PROMOTING THE DUPONT CIRCLE BID BRAND CONTINUED TO MAKE HEADLINES IN FY2023, WITH MEDIA REPORTING POSITIVELY ON RESTAURANT OPENINGS, ACTIVATIONS, ARTWALK DUPONT, AND BID-SPONSORED EVENTS. THE PRIMARY GOAL OF THE BID'S MARKETING STRATEGY IS TO HIGHLIGHT LOCAL ATTRACTIONS, BUSINESSES, PUBLIC SPACES, EVENTS, INITIATIVES, AND TO PROMOTE THE NEIGHBORHOOD AS BOTH A LOCAL AND INTERNATIONAL DESTINATION. THE BID GAINED FOLLOWERS ACROSS ALL ITS SOCIAL MEDIA CHANNELS, AND THE DEDICATED WORK OF THE BID AND INDIVIDUAL BID BUSINESSES WAS CENTRAL TO ITS CONTENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Louis Courembis Secretary | OfficerTrustee | 1 | $0 |
Michael Mccarthy Treasurer | OfficerTrustee | 2 | $0 |
William Verno Board Member | Trustee | 1 | $0 |
Caroline Puglisi Through 923 Board Member | Trustee | 1 | $0 |
Patrick Kain Chair | OfficerTrustee | 10 | $0 |
Reed Landry First Vice Chair | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Central Union Mission Cleaning | 9/29/22 | $182,062 |
Richard Platz Viktoria Construction Llc Painting | 9/29/22 | $174,000 |
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 | $1,400 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,400 |
Total Program Service Revenue | $1,234,634 |
Investment income | $44,625 |
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 | $1,286,924 |
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. | $201,679 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $63,320 |
Pension plan accruals and contributions | $323 |
Other employee benefits | $5,435 |
Payroll taxes | $19,537 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,250 |
Fees for services: Accounting | $78,318 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $50,400 |
Advertising and promotion | $228,533 |
Office expenses | $68,771 |
Information technology | $11,790 |
Royalties | $0 |
Occupancy | $39,767 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $275 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,960 |
Insurance | $2,997 |
All other expenses | $29,133 |
Total functional expenses | $1,479,020 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $431,802 |
Savings and temporary cash investments | $1,908,441 |
Pledges and grants receivable | $12,395 |
Accounts receivable, net | $85,122 |
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 | $93,412 |
Net Land, buildings, and equipment | $11,320 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $168,201 |
Total assets | $2,710,693 |
Accounts payable and accrued expenses | $173,592 |
Grants payable | $0 |
Deferred revenue | $404,365 |
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 | $328,639 |
Total liabilities | $906,596 |
Net assets without donor restrictions | $1,804,097 |
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 | $2,710,693 |