Overview
What is 60-86 Madison Avenue District Management Association Inc?
The 60-86 Madison Avenue District Management Association Inc, situated in New York City, New York, serves as a nonprofit organization dedicated to enhancing the vitality and economic growth of a specific Business Improvement District (BID). To achieve this goal, they provide supplemental sanitation, public safety, streetscape improvements, visitor information, and commercial support services to property owners, businesses, and residents within the designated BID area. Their security program ensures increased public security through the cooperation of uniformed guards and the New York City Police Department. The organization employs a total of 18 individuals.
Official website here: www.madisonavenuebid.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 73%, Two-Star out of Four Star rating.
The 60-86 Madison Avenue District Management Association Inc. has received a Two-Star rating from Charity Navigator, indicating an average level of accountability and finance management. The organization excels in several areas, including having a fully independent board and a strong program expense ratio of 84.24%, suggesting that a significant portion of its funds is directed towards its programs.
However, the organization's rating is impacted by some limitations, particularly the absence of a whistleblower policy and a document retention and destruction policy, both of which are critical for ensuring transparency and accountability. Additionally, the nonprofit does not list its tax form on its website, which could affect public trust and accessibility of information. These areas of concern highlight opportunities for improvement in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is 60-86 Madison Avenue District Management Association Inc legitimate?
60-86 Madison Avenue District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 60-86 Madison Avenue District Management Association 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: $242,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $577,203
For more financial information, click here
Official website here: www.madisonavenuebid.org
What is the mission statement of 60-86 Madison Avenue District Management Association Inc?
The 60-86 Madison Avenue District Management Association Inc is committed to fostering the vitality and economic growth of a Business Improvement District (BID). This organization provides supplemental services to property owners, businesses, and residents within the BID, focusing on areas such as sanitation, public safety, streetscape improvement, visitor information, and commercial support. Their mission involves enhancing the overall well-being of the district, ensuring a safe and clean environment, and supporting the commercial growth of the businesses within the area. Furthermore, they establish a collaborative relationship with local authorities, like the New York City Police Department, to strengthen public security.
Official website here: www.madisonavenuebid.org
Who is the CEO of 60-86 Madison Avenue District Management Association Inc?
Matthew A Bauer is the Chair of 60-86 Madison Avenue District Management Association Inc.
Official website here: www.madisonavenuebid.org
What is the revenue of 60-86 Madison Avenue District Management Association Inc?
60-86 Madison Avenue District Management Association Inc's revenue in 2022 was $2,081,880.
Official website here: www.madisonavenuebid.org
Who are the executives of 60-86 Madison Avenue District Management Association Inc and what are their salaries?
The average compensation at 60-86 Madison Avenue District Management Association Inc during 2022 was $45,528. There are 18 employees and 36 volunteers at 60-86 Madison Avenue District Management Association Inc.
Here are 37 key members and their salaries:
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- Compensation: $210,631
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- Other: $27,998
Official website here: www.madisonavenuebid.org
Where can I find the form 990 for 60-86 Madison Avenue District Management Association Inc?
60-86 Madison Avenue District Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madisonavenuebid.org
Learn more at the official website: www.madisonavenuebid.org
Mission Statement of 60-86 Madison Avenue District Management Association Inc
The 60-86 Madison Avenue District Management Association Inc is dedicated to fostering the vitality and economic growth of a specific Business Improvement District (BID) situated in New York City. To achieve this goal, the organization offers supplementary sanitation, public safety, streetscape improvement, visitor information, and commercial support services to property owners, businesses, and residents within the designated BID area. The association aims to enhance the overall environment and attractiveness of the district, thereby promoting economic growth and development.
In addition to these core services, the 60-86 Madison Avenue District Management Association Inc also runs a security program. This program boosts public security through a combination of uniformed guards and a collaborative relationship with the New York City Police Department. The aim is to ensure the safety and well-being of those living, working, and visiting the BID area, thereby fostering a sense of security and confidence within the community. The association's security program plays a crucial role in maintaining a safe and secure environment, which is essential for promoting economic growth and attracting businesses and residents to the district.
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Impact
October, 2024
60-86 Madison Avenue District Management Association Inc significantly enhances the vitality and economic growth of its designated business improvement district in New York City. Through its comprehensive services, it fosters a safer and more attractive environment for businesses, property owners, and residents alike.
The association's security program is a cornerstone of its impact, providing increased public safety through the integration of uniformed guards and collaboration with the New York City Police Department. This proactive approach not only deters crime but also fosters a sense of community and trust among local stakeholders.
Additionally, the organization offers supplemental sanitation services, ensuring that public spaces remain clean and welcoming. This emphasis on cleanliness contributes to a more pleasant atmosphere, attracting visitors and bolstering the local economy.
Streetscape improvements, visitor information, and commercial support services are further facets of the association's contributions. By enhancing the aesthetics of the area and providing essential resources to both businesses and visitors, the organization plays a vital role in sustaining economic activity and community engagement.
Overall, the 60-86 Madison Avenue District Management Association Inc is instrumental in creating a thriving urban environment that benefits all who inhabit or visit the area.
This information is meant to be a general summary of 60-86 Madison Avenue District Management Association 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $220
- Program Service Revenue: $2,081,660
- Gross Receipts: $2,081,880
Assets and Liabilities:
- Total Assets: $1,033,689
- Total Liabilities: $420,250
- Net Assets: $613,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENT
Revenue
$2,022,000
PROGRAM SERVICE INCOME
Revenue
$59,660
Organization Details
Founding Year
1995
Phone
(212) 861-2055Principal Officer
Matthew A Bauer
Main Address
29 EAST 61ST STREET 3FL, NEW YORK, NY, 10065
Website
www.madisonavenuebid.orgNTEE Category
Code: S20 - Community improvement
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