Overview
What is Anacostia Business Improvement District?
The Anacostia Business Improvement District, abbreviated as ABID, is a nonprofit organization dedicated to enhancing the economic vitality of the Anacostia commercial area. They achieve this by offering various services and programs, including public space improvement, beautification, and maintaining a clean team along Anacostia Avenue. Additionally, ABID plays a role in fostering an art and cultural district within the area. Their initiatives aim to elevate the commercial area's appeal and attractiveness, ultimately contributing to its overall growth and prosperity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%
The Anacostia Business Improvement District has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The low overall score reflects a lack of transparency, particularly with missing financial statements and key governance policies that are not in place, such as a conflict of interest policy and a whistleblower policy.
On a positive note, the organization has a fully independent board, which is a strength in governance. However, the absence of essential documentation and policies raises red flags about its operational integrity. The organization also has a high liabilities to assets ratio, suggesting potential financial instability.
Overall, the Anacostia Business Improvement District faces challenges in demonstrating sound financial practices and transparency. Potential donors and stakeholders may want to exercise caution and seek further information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Anacostia Business Improvement District legitimate?
Anacostia Business Improvement District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anacostia Business Improvement District 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: $354,406
For more financial information, click here
What is the mission statement of Anacostia Business Improvement District?
The Anacostia Business Improvement District (ABID) is established with the mission to bolster the economic strength of a commercial area. To accomplish this, the organization offers various services and programs, including public space improvement and beautification. Notably, ABID maintains a clean team on Anacostia Avenue, and it also fosters an art and cultural district. The primary goal of ABID is to invigorate the local economy and create a more appealing environment for businesses and the community.
What is the revenue of Anacostia Business Improvement District?
Anacostia Business Improvement District's revenue in 2023 was $1,538,501.
Who are the executives of Anacostia Business Improvement District and what are their salaries?
The average compensation at Anacostia Business Improvement District during 2023 was $70,881. There are 5 employees at Anacostia Business Improvement District.
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Where can I find the form 990 for Anacostia Business Improvement District?
Anacostia Business Improvement District's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Anacostia Business Improvement District
Anacostia Business Improvement District, often abbreviated as ABID, is established with a mission to boost the economic vitality of the Anacostia commercial area. To achieve this goal, ABID implements a variety of services and programs. These initiatives encompass public space improvement, enhancing the area's aesthetics, and maintaining a clean environment, particularly on Anacostia Avenue. Furthermore, ABID strives to establish an Art and Cultural District, contributing to the overall revitalization and appeal of the commercial area.
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Impact
October, 2024
The Anacostia Business Improvement District significantly enhances the economic vitality of the Anacostia commercial area through a variety of targeted initiatives. By focusing on public space improvements and beautification efforts, it aims to create a more inviting and attractive environment for residents and visitors alike.
One of the pivotal programs is the "Clean Team" stationed along Anacostia Avenue, which helps maintain cleanliness and health standards, thus fostering a more appealing atmosphere for businesses and patrons. Additionally, by promoting Anacostia as an art and cultural district, the organization supports local artists and cultural events, driving foot traffic and stimulating economic growth.
These collective efforts not only beautify the area but also encourage investment, support local commerce, and strengthen community ties, positioning Anacostia as a vibrant and dynamic place to live, work, and visit.
This information is meant to be a general summary of Anacostia Business Improvement District. 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 2023.
- Gross Receipts: $1,538,501
Assets and Liabilities:
- Total Assets: $4,793,736
- Total Liabilities: $3,611,155
- Net Assets: $1,182,581
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Organization Details
Founding Year
2007
Principal Officer
Stan Jackson
NTEE Category
Code: S30 - Community improvement
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