Overview
What is Northern Liberties Business Improvement District?
The Northern Liberties Business Improvement District, established in 2018, is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary objective is to enhance the economic growth of the Northern Liberties district within the city. To achieve this, the organization provides supplementary municipal services, ensuring the district remains safe, clean, and lively for its residents, users, and property owners. Furthermore, the Northern Liberties Business Improvement District facilitates collaborations between the business and residential communities, fostering improvements within the district. This, in turn, benefits not only the local community but also the citizens of Philadelphia and the surrounding region.
Official website here: www.explorenorthernliberties.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Northern Liberties Business Improvement District has received an impressive 96% rating from Charity Navigator, indicating a high level of accountability and financial health. This score highlights the organization’s commitment to transparency, with all aspects of its financial operations being thoroughly audited and overseen. The perfect score in various financial metrics, including a program expense ratio of 88.69%, suggests that a significant portion of its funds is directed towards its core mission.
Strengths of this nonprofit include its fully independent board, which consists of 15 members, ensuring that decisions are made without conflicts of interest. Additionally, the organization demonstrates strong governance practices with established policies such as conflict of interest, whistleblower, and document retention, all of which contribute to its robust operational framework.
Despite the strong financial and governance ratings, there are no specific limitations noted in the data. Overall, the Northern Liberties Business Improvement District stands out as a well-managed organization dedicated to improving its community with a transparent approach to its financial dealings.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Northern Liberties Business Improvement District?
86% of reviewers on Facebook recommend the Northern Liberties Business Improvement District. Here is a summary of their reviews:
Many individuals appreciate the organization's efforts to foster a sense of community and encourage local engagement. The positive sentiment highlights the importance of involvement in neighborhood activities, showcasing an appreciation for the initiatives that bring residents together.
Overall, the feedback suggests that people value the work being done to improve the local business environment and enhance the quality of life in Northern Liberties.
This AI summary has been generated from reviews found on Facebook.
Is Northern Liberties Business Improvement District legitimate?
Northern Liberties Business Improvement District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Liberties 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: $74,331
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,642
For more financial information, click here
Official website here: www.explorenorthernliberties.org
What is the mission statement of Northern Liberties Business Improvement District?
The Northern Liberties Business Improvement District was established with a mission to enhance the economic development of its district. This organization aims to supplement the municipal services of the city, ensuring a safe, clean, and vibrant commercial area that benefits local residents, users, and owners. Additionally, it fosters opportunities for both business and residential communities to collaborate and improve the district.
Official website here: www.explorenorthernliberties.org
What is the revenue of Northern Liberties Business Improvement District?
Northern Liberties Business Improvement District's revenue in 2024 was $701,090.
Official website here: www.explorenorthernliberties.org
Who are the executives of Northern Liberties Business Improvement District and what are their salaries?
The average compensation at Northern Liberties Business Improvement District during 2024 was $34,658. There are 3 employees and 50 volunteers at Northern Liberties Business Improvement District.
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- Compensation: $46,872
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Official website here: www.explorenorthernliberties.org
Where can I find the form 990 for Northern Liberties Business Improvement District?
Northern Liberties Business Improvement District's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.explorenorthernliberties.org
Learn more at the official website: www.explorenorthernliberties.org
Mission Statement of Northern Liberties Business Improvement District
The Northern Liberties Business Improvement District, established in 2018, is committed to enhancing the economic development of its district. This nonprofit organization aims to supplement the municipal services of the City of Philadelphia, working towards maintaining a safe, clean, and vibrant commercial area that benefits the residents, users, and owners within the district, as well as the citizens of Philadelphia and the surrounding region. The Northern Liberties Business Improvement District strives to foster opportunities for collaboration between the business and residential communities, encouraging them to collaborate and contribute to the improvement of the district.
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Impact
July, 2024
The Northern Liberties Business Improvement District has significantly contributed to enhancing the economic development of the Northern Liberties district in Philadelphia. By providing supplements to municipal services, maintaining a safe, clean, and vibrant commercial district, this organization has positively impacted the residents, users, and owners within the district, as well as citizens of Philadelphia and the wider region. Through creating opportunities for collaboration between business and residential communities, the BID has facilitated improvements that benefit the overall community and contribute to a thriving local economy.
This information is meant to be a general summary of Northern Liberties 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 2024.
- Investment Income: $1,061
- Program Service Revenue: $49,659
- Gross Receipts: $701,090
Assets and Liabilities:
- Total Assets: $282,797
- Total Liabilities: $80,298
- Net Assets: $202,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCE CHARGES
Revenue
$37,370
SPECIAL EVENT INCOME
Revenue
$2,175
MERCHANDISE SALES
Revenue
$0
OTHER INCOME
Revenue
$8,214
FEE FOR SERVICE
Revenue
$1,900
Organization Details
Founding Year
2017
Principal Officer
Cassidy Martin
NTEE Category
Code: S30 - Community improvement
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