Overview
What is Times Square District Management Association?
The Times Square District Management Association, also known as the Times Square Alliance, is a New York City-based nonprofit organization with a team of 192 employees, located at 1560 Broadway, New York, NY 10036. Their primary mission encompasses promoting the vibrancy and economic growth of Times Square by maintaining clean streets, curbs, and overseeing garbage removal. By ensuring the area's cleanliness, the alliance cultivates the creativity, energy, and edge that have made Times Square an iconic hub of entertainment, culture, and urban life for over a century. Their activities extend beyond sanitation, working to improve and promote the district as a whole.
Official website here: www.tsq.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Times Square District Management Association has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. With an overall score derived solely from its accountability and finance metrics, the organization demonstrates exceptional governance practices, including an independent board consisting of 86% independent members and strong financial oversight.
Strengths include their successful audit process and a solid program expense ratio of 84.33%, showing that a significant portion of their expenditures directly supports their mission. The organization maintains comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, all of which highlight their commitment to transparency and ethical practices.
While the ratings and feedback highlight numerous strengths, no significant limitations were noted in the data. The organization's financial health, reflected in a low liabilities-to-assets ratio of 33.22%, further underscores its sustainability and effective resource management. Overall, the Times Square District Management Association stands out as a well-governed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Times Square District Management Association legitimate?
Times Square District Management Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Times Square District Management Association 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: $1,655,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,924,746
For more financial information, click here
Official website here: www.tsq.org
What is the mission statement of Times Square District Management Association?
The Times Square District Management Association's mission is centered on enhancing the vitality and economic growth of a business improvement district. The organization strives to improve and promote the area, making it clean and safe while preserving the creativity, energy, and edge that have defined it as a renowned hub of entertainment, culture, and urban life for over a century. Specifically, their efforts include maintaining clean streets, curbs, and removing garbage.
Official website here: www.tsq.org
Who is the CEO of Times Square District Management Association?
Thomas J Harris is the Chair of Times Square District Management Association.
Official website here: www.tsq.org
What is the revenue of Times Square District Management Association?
Times Square District Management Association's revenue in 2022 was $28,017,921.
Official website here: www.tsq.org
Who are the executives of Times Square District Management Association and what are their salaries?
The average compensation at Times Square District Management Association during 2022 was $44,686. There are 192 employees and 62 volunteers at Times Square District Management Association.
Here are 63 key members and their salaries:
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Official website here: www.tsq.org
Where can I find the form 990 for Times Square District Management Association?
Times Square District Management Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tsq.org
Learn more at the official website: www.tsq.org
Mission Statement of Times Square District Management Association
The Times Square District Management Association, or Times Square Alliance, is a nonprofit organization with a mission to foster the vitality and economic growth of a Business Improvement District (BID) in New York City. In simple terms, they aim to enhance and promote Times Square, making it a clean and safe environment while preserving the creativity, energy, and urban allure that have made it an iconic symbol of entertainment, culture, and urban life for over a century.
To accomplish this, the Times Square Alliance concentrates on maintaining clean streets and curbs, as well as removing garbage effectively. By doing so, they create an appealing atmosphere for visitors and businesses alike, contributing significantly to the district's overall appeal and success. With a strong commitment to upholding the area's unique character, they strive to ensure that Times Square remains a thriving hub of innovation and excitement for generations to come.
Moreover, the Times Square Alliance works tirelessly to improve and promote Times Square in various ways. They focus on enhancing the district's image and reputation, attracting potential visitors and businesses, and providing essential services to the community. By implementing these initiatives, they not only contribute to the economic growth of the district but also create a vibrant and engaging environment for all who venture into this iconic area.
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Impact
October, 2024
The Times Square District Management Association plays a crucial role in promoting the vitality and economic growth of the Times Square area in New York City. By maintaining clean streets, curbs, and managing garbage removal, the organization ensures that the district remains inviting for both residents and tourists. This commitment to sanitation enhances the overall aesthetic and functionality of one of the world's most iconic entertainment and cultural hubs.
In addition to its focus on cleanliness, the association cultivates the creativity and energy that have made Times Square a symbol of urban life for over a century. Through various initiatives, it fosters an environment that supports local businesses and enhances the overall visitor experience, contributing to the district's reputation as a vibrant destination. By prioritizing safety and cleanliness, the Times Square District Management Association not only protects the cultural heritage of the area but also encourages economic activity, making a lasting impact on the community.
This information is meant to be a general summary of Times Square District Management Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $494,988
- Program Service Revenue: $17,858,822
- Gross Receipts: $28,583,311
Assets and Liabilities:
- Total Assets: $18,451,564
- Total Liabilities: $3,085,402
- Net Assets: $15,366,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BID TAX ASSESSMENT
Revenue
$14,347,293
PROGRAM SERVICE INCOME
Revenue
$2,643,024
KIOSK AND PLAZA RENTALS
Revenue
$852,086
NYE (EVENTS AND PROG)
Revenue
$16,419
Organization Details
Founding Year
1991
Phone
(212) 768-1560Principal Officer
Thomas J Harris
Main Address
1560 BROADWAY 1001, NEW YORK, NY, 10036
Website
www.tsq.orgNTEE Category
Code: Z99Z - Unknown
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