Overview
What is King Of Prussia Business Improvement District Inc?
King of Prussia Business Improvement District Inc. is a nonprofit organization situated in King of Prussia, Pennsylvania. Their primary mission is to collaborate with public and private partners to enhance the economic climate in the area, making it more vibrant, appealing, and prosperous. They have achieved this goal through various initiatives, such as operating a shuttle service to transport Amazon employees from parking lots to their workplace. The organization boasts a team of six dedicated individuals, working tirelessly to contribute to the overall development and growth of the community.
Official website here: www.visitkop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
King Of Prussia Business Improvement District Inc has achieved a remarkable 96% score on Charity Navigator, reflecting strong accountability and finance practices. The rating indicates that the organization has effectively managed its resources, with a high percentage of expenses going directly toward programs, which is an essential indicator of its commitment to fulfilling its mission.
The organization demonstrates strong governance, as evidenced by having a fully independent board and comprehensive policies in place, such as conflict of interest and whistleblower policies. Their financial oversight is robust, with no material diversions of assets reported, highlighting their transparency and responsible financial management.
While the rating showcases significant strengths, it is essential for potential donors and stakeholders to remain aware of the ongoing need for nonprofits to adapt to changing community needs and to maintain their high standards of accountability and performance over time. Overall, the King Of Prussia Business Improvement District Inc stands out as a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is King Of Prussia Business Improvement District Inc legitimate?
King Of Prussia Business Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. King Of Prussia 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: $288,065
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,969
For more financial information, click here
Official website here: www.visitkop.com
What is the mission statement of King Of Prussia Business Improvement District Inc?
The King of Prussia Business Improvement District Inc. works collaboratively with both public and private entities to enhance the economic environment. Their goal is to make this environment more lively, alluring, and prosperous. They achieve this by engaging in collective efforts to improve various aspects of the economy, thereby making it more appealing and financially successful. Their activities are geared towards fostering a vibrant and prosperous community. In addition, they operate a shuttle service to facilitate transportation for employees working in the area, enhancing the overall convenience and accessibility.
Official website here: www.visitkop.com
Who is the CEO of King Of Prussia Business Improvement District Inc?
Richard Kubach is the Treasurer of King Of Prussia Business Improvement District Inc.
Official website here: www.visitkop.com
What is the revenue of King Of Prussia Business Improvement District Inc?
King Of Prussia Business Improvement District Inc's revenue in 2022 was $3,424,803.
Official website here: www.visitkop.com
Who are the executives of King Of Prussia Business Improvement District Inc and what are their salaries?
The average compensation at King Of Prussia Business Improvement District Inc during 2022 was $101,672. There are 6 employees and 31 volunteers at King Of Prussia Business Improvement District Inc.
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- Compensation: $279,545
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- Other: $8,520
Official website here: www.visitkop.com
Where can I find the form 990 for King Of Prussia Business Improvement District Inc?
King Of Prussia Business Improvement District Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.visitkop.com
Learn more at the official website: www.visitkop.com
Mission Statement of King Of Prussia Business Improvement District Inc
King of Prussia Business Improvement District Inc is dedicated to fostering collaborative partnerships between public and private entities to enhance the economic environment in an unspecified location. Their mission is to make this area more lively, appealing, and prosperous by implementing various strategies. The organization works towards achieving this goal by engaging with various stakeholders, aiming to improve the overall vitality and attractiveness of the region.
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Impact
October, 2024
King of Prussia Business Improvement District Inc. plays a significant role in enhancing the economic and social landscape of King of Prussia. By fostering collaboration between public and private partners, the organization actively works to create a more vibrant, attractive, and prosperous environment.
One notable initiative is the transportation shuttle service for Amazon employees, which improves accessibility by linking parking lots to workplaces. This not only eases commuting for employees but also contributes to local traffic management and enhances the overall experience of working in the area.
Through these efforts, King of Prussia Business Improvement District Inc. drives community improvement, making the region more appealing to both businesses and residents, thereby bolstering economic growth and enhancing the quality of life within the community.
This information is meant to be a general summary of King Of Prussia 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $468
- Program Service Revenue: $2,070,176
- Gross Receipts: $3,652,792
Assets and Liabilities:
- Total Assets: $5,330,819
- Total Liabilities: $474,349
- Net Assets: $4,856,470
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT FEES
Revenue
$2,070,176
Organization Details
Founding Year
2010
Phone
(484) 681-9452Principal Officer
Richard Kubach
Main Address
234 MALL BOULEVARD 150, KING OF PRUSSIA, PA, 19406
Website
www.visitkop.comNTEE Category
Code: S20 - Community improvement
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