Overview
What is Fishtown Kensington Area Business Improvement District?
The Fishtown Kensington Area Business Improvement District (BID) is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission is to enhance the district's cleanliness, aesthetics, and environmental elements. They achieve this by implementing programs like sidewalk sweeping, installing trash and recycling receptacles, conducting street cleaning, enforcing sidewalk safety, and adding and maintaining green elements. The BID's purpose extends beyond just improving the district; it also aims to better the quality of life for residents and foster the success and growth of local businesses. With a team of two dedicated individuals, the Fishtown Kensington Area BID works diligently to maintain and preserve their community.
Official website here: www.fishtowndistrict.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Fishtown Kensington Area Business Improvement District has received a commendable rating of 92%, earning a Four-Star status. This rating reflects the organization’s strong commitment to accountability and finance, with all its scores derived from a single beacon focused on these areas. In the most recent fiscal year, FY2022, the organization demonstrated a high level of financial health.
Strengths of the organization include a fully independent board consisting of 15 members, which enhances governance and oversight. The organization scored perfectly on several financial metrics, including a high program expense ratio of 83.20%, indicating that a significant portion of its resources is allocated directly to its programs. Additionally, their financial statements undergo thorough audit and oversight, showcasing transparency.
However, it's worth noting that the organization lacks a whistleblower policy, which could be a potential area for improvement. All other policies and documentation appear to be in order, including those related to conflict of interest and document retention. Overall, the organization stands out for its accountability and sound financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Fishtown Kensington Area Business Improvement District legitimate?
Fishtown Kensington Area Business Improvement District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fishtown Kensington Area 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: $138,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,149
For more financial information, click here
Official website here: www.fishtowndistrict.com
What is the mission statement of Fishtown Kensington Area Business Improvement District?
The Fishtown Kensington Area Business Improvement District (BID) is committed to enhancing and preserving its neighborhood. The BID's primary objectives include improving the quality of life for residents and fostering the success and growth of local businesses. To achieve these goals, they fund and carry out various services, such as maintaining cleanliness and beautifying the district, implementing greening programs, and improving safety features on sidewalks. The BID's initiatives aim to create a more appealing and prosperous environment for the community.
Official website here: www.fishtowndistrict.com
What is the revenue of Fishtown Kensington Area Business Improvement District?
Fishtown Kensington Area Business Improvement District's revenue in 2023 was $883,529.
Official website here: www.fishtowndistrict.com
Who are the executives of Fishtown Kensington Area Business Improvement District and what are their salaries?
The average compensation at Fishtown Kensington Area Business Improvement District during 2023 was $108,672. There are 2 employees and 12 volunteers at Fishtown Kensington Area Business Improvement District.
Here are 13 key members and their salaries:
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- Compensation: $138,196
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Official website here: www.fishtowndistrict.com
Where can I find the form 990 for Fishtown Kensington Area Business Improvement District?
Fishtown Kensington Area Business Improvement District's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fishtowndistrict.com
Learn more at the official website: www.fishtowndistrict.com
Mission Statement of Fishtown Kensington Area Business Improvement District
The Fishtown Kensington Area Business Improvement District (BID) is dedicated to improving and preserving its neighborhood by enhancing the quality of life for its residents and fostering the success and growth of its businesses. The organization undertakes various services to achieve these objectives, working tirelessly to beautify the district and improve its green spaces. This includes implementing programs such as sidewalk sweeping, adding trash and recycling receptacles, maintaining street cleanliness, enforcing sidewalk safety, and incorporating green elements into the area. By doing so, the Fishtown Kensington Area BID contributes to the overall well-being of its community and the prosperity of its businesses.
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Impact
July, 2024
The Fishtown Kensington Area Business Improvement District (FKABID) has made a significant impact in the community by actively working to enhance and preserve the neighborhood. Through its initiatives focused on cleaning, greening, and maintenance, FKABID has successfully improved the quality of life for residents and supported the growth of local businesses. By implementing programs such as sidewalk sweeping, installing trash and recycling receptacles, street cleaning, sidewalk safety enforcement, and maintaining green elements, FKABID has contributed to making the district a cleaner, safer, and more attractive place to live and do business.
This information is meant to be a general summary of Fishtown Kensington Area 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.
- Investment Income: $22,718
- Program Service Revenue: $1,652
- Gross Receipts: $883,529
Assets and Liabilities:
- Total Assets: $523,350
- Total Liabilities: $110,697
- Net Assets: $412,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIP
Revenue
$1,652
Organization Details
Founding Year
2019
Principal Officer
Marc Collazzo
Website
www.fishtowndistrict.comNTEE Category
Code: S12 - Community improvement
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