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Amherst Business Improvement District Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455243811 ✦ Amherst, MA ✦ Designated as a 501(c)(6)

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Overview

What is Amherst Business Improvement District Inc?

Amherst Business Improvement District Inc, located in Amherst, Massachusetts, serves as a crucial advocate and promoter for the local downtown area. Their mission is to enhance the district's appeal as a desirable location for work, living, experiences, and exploration. This is accomplished through various initiatives, including the beautification and seasonal decoration of the town, organizing special projects, marketing events, and establishing outreach programs to collaborate with the town, businesses, academic institutions, and cultural partners. During the period ending June 30, 2023, the organization acted as an agent for the Town of Amherst, managing the distribution of small business grants totaling $100,000, with $74,000 successfully distributed. The remaining balance will be returned to the town according to a mutual agreement.


Official website here: www.amherstdowntown.com

Is Amherst Business Improvement District Inc legitimate?

Amherst Business Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Amherst 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,696

For more financial information, click here


Official website here: www.amherstdowntown.com

What is the mission statement of Amherst Business Improvement District Inc?

The Amherst Business Improvement District Inc serves as a strong advocate and voice for its district, promoting it as an appealing place for work, living, experiences, and exploration. Key aspects of its focus include beautifying and decorating the town for seasons, undertaking special projects, marketing, organizing events, and engaging in outreach and liaison work with local businesses, academic institutions, and cultural partners. Its activities aim to enhance the district's appeal and foster a vibrant community.


Official website here: www.amherstdowntown.com

Who is the CEO of Amherst Business Improvement District Inc?

Barry Roberts is the President of Amherst Business Improvement District Inc.


Official website here: www.amherstdowntown.com

What is the revenue of Amherst Business Improvement District Inc?

Amherst Business Improvement District Inc's revenue in 2023 was $519,912.


Official website here: www.amherstdowntown.com

Who are the executives of Amherst Business Improvement District Inc and what are their salaries?

There 13 volunteers at Amherst Business Improvement District Inc.


Here are 13 key members and their salaries:


Barry Roberts (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Jolly (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Povinelli (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antonios Maroulis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Austin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Barr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bockelman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Bohne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ewen Chen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerarld Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mazor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Sharry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Laguerra Sierra (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.amherstdowntown.com

Where can I find the form 990 for Amherst Business Improvement District Inc?

Amherst Business Improvement District Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.amherstdowntown.com

Learn more at the official website: www.amherstdowntown.com

Mission Statement of Amherst Business Improvement District Inc

Amherst Business Improvement District Inc serves as a powerful advocate for its district, working tirelessly to promote Amherst Downtown as an appealing destination for both residents and visitors alike. This nonprofit organization strives to make Amherst Downtown a desirable place to work, live, experience, and explore. To achieve this goal, Amherst Business Improvement District Inc engages in various key activities, such as beautifying and decorating the town for special occasions, organizing special projects, marketing events, and fostering strong relationships with local businesses, academic institutions, and cultural partners. Furthermore, this organization undertakes outreach and liaison work with the town, ensuring a harmonious and collaborative environment for all parties involved. In essence, Amherst Business Improvement District Inc is dedicated to enhancing the overall appeal and vitality of Amherst Downtown, making it a thriving and attractive center for the community.

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Impact




October, 2024

Amherst Business Improvement District Inc significantly enhances the vibrancy and appeal of downtown Amherst, making it a desirable location for residents, workers, and visitors alike. Through diligent advocacy, the organization focuses on beautification and seasonal decorations, ensuring that the district is visually inviting throughout the year.

The BID plays a crucial role in community engagement by coordinating special projects and marketing initiatives that promote local businesses and attractions. These efforts help foster a sense of pride among community members and encourage exploration of the town's offerings.

A key aspect of the BID's impact is its proactive approach to supporting small businesses. Recently, it acted as the agent for the Town of Amherst, managing the distribution of $100,000 in small business grants, with $74,000 successfully allocated to support local enterprises. This financial assistance not only bolsters individual businesses but also invigorates the local economy, contributing to job creation and community growth.

Moreover, through outreach and collaboration with various stakeholders—including academic institutions and cultural partners—the BID strengthens the connections within the community, promoting a lively and cohesive downtown experience. Overall, the efforts of Amherst Business Improvement District Inc create a dynamic environment that fosters economic development and enriches the quality of life for all who live, work, and visit the area.




This information is meant to be a general summary of Amherst 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.

Revenue
$519,912 (2023)
Expenses
$643,036 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $20,067
  • Program Service Revenue: $485,419
  • Gross Receipts: $519,912

Assets and Liabilities:

  • Total Assets: $591,424
  • Total Liabilities: $141,520
  • Net Assets: $449,904

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BID MEMBER ASSESSMENTS

Revenue

$393,669

OTHER

Revenue

$66,500

SPONSORSHIPS

Revenue

$25,250

Organization Details

Founding Year

2012

Principal Officer

Barry Roberts

Main Address

35 SOUTH PLEASANT STREET, AMHERST, MA, 01002

NTEE Category

Code: S41 - Community improvement

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