Overview
What is Lincoln Square District Management Association Inc?
Lincoln Square District Management Association Inc, headquartered in New York City, primarily focuses on enhancing the vitality and economic growth of a Business Improvement District (BID) in the city. Their primary activities include providing supplemental sanitation services, such as sweeping sidewalks, bagging trash, and coordinating efforts with the NYC Department of Sanitation. Beyond sanitation, they offer public safety, marketing and promotion, streetscape improvement, visitor information, and commercial support services to benefit property owners, tourists, businesses, and residents within the BID. Notably, they organize significant events, like the Winter's Eve public festival, to showcase and celebrate their district. The organization employs a team of 7 individuals to support these initiatives.
Official website here: www.lincolnsquarebid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Lincoln Square District Management Association Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored exceptionally well in various metrics, including an independent board consisting entirely of 27 members and a high program expense ratio of 78.29%, suggesting that a significant portion of its resources is directed toward its mission-related activities.
Key strengths include robust financial oversight with no material diversion of assets and comprehensive policies in place for conflicts of interest and whistleblowing. The nonprofit is also transparent in its operations, as evidenced by the availability of its financial documents and board meeting minutes. These attributes reflect a commitment to maintaining high standards of governance and accountability.
While the organization presents a solid financial foundation and governance structure, the focus on a single beacon score means that other aspects of its operations, such as program impact and community feedback, are not captured in this rating. Nonetheless, the high score indicates that stakeholders can trust in its financial health and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Square District Management Association Inc legitimate?
Lincoln Square District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Square 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: $496,211
Professional Fundraising Fees: $0
Other Salaries and Wages: $294,209
For more financial information, click here
Official website here: www.lincolnsquarebid.org
What is the mission statement of Lincoln Square District Management Association Inc?
The Lincoln Square District Management Association Inc's mission is centered around enhancing the vitality and economic growth of a Business Improvement District. The organization provides supplemental services such as enhanced sanitation, public safety, marketing and promotion, streetscape improvement, visitor information, and commercial support to property owners, tourists, businesses, and residents within the designated district. Notably, the association organizes major events like the Winter's Eve Public Festival as part of its district marketing strategies.
Official website here: www.lincolnsquarebid.org
Who is the CEO of Lincoln Square District Management Association Inc?
Monica Blum is the Chair of Lincoln Square District Management Association Inc.
Official website here: www.lincolnsquarebid.org
What is the revenue of Lincoln Square District Management Association Inc?
Lincoln Square District Management Association Inc's revenue in 2022 was $3,094,278.
Official website here: www.lincolnsquarebid.org
Who are the executives of Lincoln Square District Management Association Inc and what are their salaries?
The average compensation at Lincoln Square District Management Association Inc during 2022 was $112,917. There are 7 employees and 128 volunteers at Lincoln Square District Management Association Inc.
Here are 30 key members and their salaries:
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Official website here: www.lincolnsquarebid.org
Where can I find the form 990 for Lincoln Square District Management Association Inc?
Lincoln Square District Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincolnsquarebid.org
Learn more at the official website: www.lincolnsquarebid.org
Mission Statement of Lincoln Square District Management Association Inc
Lincoln Square District Management Association Inc is an organization committed to fostering the vitality and economic growth of a Business Improvement District situated in New York City. In carrying out its mission, the association offers supplemental sanitation, public safety, marketing/promotion, streetscape improvement, visitor information, and commercial support services to property owners, tourists, businesses, and residents within the designated district. This district marketing encompasses significant events such as the Winter's Eve Public Festival. The association's primary role is to enhance the overall appeal and functionality of the district, thereby contributing to the well-being and prosperity of the community it serves.
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Impact
October, 2024
Lincoln Square District Management Association Inc significantly impacts the vitality and economic growth of its business improvement district in New York City. By providing essential services such as supplemental sanitation, the organization ensures cleanliness through sidewalk sweeping, trash bagging, and coordination with the NYC Department of Sanitation.
Beyond sanitation, it enhances public safety and promotes the area through marketing initiatives, including major events like the Winters Eve Public Festival, which enrich the community's cultural landscape. The association also focuses on streetscape improvements, making the district more attractive to visitors and residents alike. Its support services benefit property owners, businesses, and tourists, thereby fostering a more vibrant and engaging environment in Lincoln Square. Through these efforts, the organization plays a vital role in creating a thriving, appealing community for all stakeholders.
This information is meant to be a general summary of Lincoln Square 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: $352
- Program Service Revenue: $2,850,000
- Gross Receipts: $3,094,278
Assets and Liabilities:
- Total Assets: $2,809,106
- Total Liabilities: $311,013
- Net Assets: $2,498,093
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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
$2,850,000
Organization Details
Founding Year
1996
Phone
(212) 581-3774Principal Officer
Monica Blum
Main Address
1881 BROADWAY RM2R, NEW YORK, NY, 10023
Website
www.lincolnsquarebid.orgNTEE Category
Code: S20 - Community improvement
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