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Springfield Business Improvement District Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043428312 ✦ Springfield, MA ✦ Designated as a 501(c)(6)

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Overview

What is Springfield Business Improvement District Inc?

Springfield Business Improvement District Inc, located at 1331 Main Street, Springfield, Massachusetts, is a nonprofit entity dedicated to fostering business growth and economic activity within its designated district. Their primary mission is to promote development in the specified area, working tirelessly to enhance the local business environment and economic landscape in Springfield, Massachusetts.


Official website here: www.springfielddowntown.com

What do the Facebook reviews say about Springfield Business Improvement District Inc?

86% of 60 reviewers on Facebook recommend Springfield Business Improvement District Inc. Here is a summary of their reviews:

While a significant majority appreciate the efforts of the nonprofit, there are concerns about local disturbances affecting the community experience. A noted complaint involved noise disturbances such as dump trucks operating late at night, which some users feel detracts from the overall atmosphere of the area.

Overall, the organization seems committed to enhancing the business environment, but there are challenges that need to be addressed to improve resident satisfaction and fully realize their vision for the district.


This AI summary has been generated from reviews found on Facebook.

Is Springfield Business Improvement District Inc legitimate?

Springfield Business Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Springfield Business Improvement District Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,724

For more financial information, click here


Official website here: www.springfielddowntown.com

What is the mission statement of Springfield Business Improvement District Inc?

The Springfield Business Improvement District Inc's mission is centered around promoting the growth of business and economic activity within its designated district. This organization aims to foster a thriving business environment, working towards the betterment of the local economy. Their activities are geared towards encouraging commercial development, thereby contributing to the overall prosperity of the community.


Official website here: www.springfielddowntown.com

Who is the CEO of Springfield Business Improvement District Inc?

James Hickson is the Treasurer of Springfield Business Improvement District Inc.


Official website here: www.springfielddowntown.com

What is the revenue of Springfield Business Improvement District Inc?

Springfield Business Improvement District Inc's revenue in 2022 was $1,356,557.


Official website here: www.springfielddowntown.com

Who are the executives of Springfield Business Improvement District Inc and what are their salaries?

There 11 volunteers at Springfield Business Improvement District Inc.


Here are 12 key members and their salaries:


Paul Lessard (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Weppler (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hickson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Fialky (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan Plotkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Marks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Marcelina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gus Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Simpson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Connors (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Mcquire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Russell (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.springfielddowntown.com

Where can I find the form 990 for Springfield Business Improvement District Inc?

Springfield Business Improvement District Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.springfielddowntown.com

Learn more at the official website: www.springfielddowntown.com

Mission Statement of Springfield Business Improvement District Inc

Springfield Business Improvement District Inc, as the name suggests, is committed to fostering business and economic growth within its designated district. The organization's primary mission is to stimulate commercial activity, aiming to create a thriving business environment. By promoting development, Springfield Business Improvement District Inc aims to enhance the economic prospects of the businesses within its jurisdiction, thereby contributing to the overall well-being of the community.

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Impact




October, 2024

Springfield Business Improvement District Inc significantly enhances the business landscape and economic vitality of Springfield, Massachusetts. By focusing on the promotion of development within its designated area, it stimulates local economic activity, attracts new businesses, and supports existing ones. This impact not only fosters a thriving commercial environment but also contributes to job creation and community engagement. The organization plays a crucial role in facilitating partnerships between businesses and local government, ensuring that the needs and interests of the business community are represented and addressed. Through targeted initiatives and programs, Springfield Business Improvement District Inc creates a more vibrant, accessible, and prosperous community for residents and visitors alike.




This information is meant to be a general summary of Springfield Business Improvement District Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,356,557 (2022)
Expenses
$1,513,322 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,123
  • Program Service Revenue: $944,715
  • Gross Receipts: $1,356,557

Assets and Liabilities:

  • Total Assets: $2,233,005
  • Total Liabilities: $196,897
  • Net Assets: $2,036,108

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BID FEES

Revenue

$840,157

SPECIAL PROJECTS

Revenue

$61,000

MANAGEMENT FEES

Revenue

$43,558

Organization Details

Founding Year

1998

Principal Officer

James Hickson

Main Address

1331 MAIN STREET, SPRINGFIELD, MA, 01103

NTEE Category

Code: S30 - Community improvement

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