2024-11-14T10:22:20-06:00 2024-06-30 541149263 YOUNT HYDE & BARBOUR PC 3110 FAIRVIEW PARK DR SUITE 1100 FALLS CHURCH VA 22042 990 2023-07-01 475555799 BALLSTONGIVES INC BALL 7036641194 4600 N FAIRFAX DRIVE 100 ARLINGTON VA 22203 DUSTIN YOUNG TREASURER 7036641194 2024-11-12 1 1 CHRIS FRYE CPA P01068721 7032372500 2024-11-12 2023 2024-10-15 13:58:12Z DUSTIN YOUNG 4600 N FAIRFAX DRIVE NO 100 ARLINGTON VA 22203 0 0 X WWW.BALLSTONVA.ORG X 2015 VA THE MISSION OF BALLSTONGIVES, INC. IS TO SUPPORT THE CHARITABLE DEEDS OF THE BALLSTON BUSINESS IMPROVEMENT CORPORATION WHICH SERVES TO IMPROVE THE BALLSTON NEIGHBORHOOD IN ARLINGTON VIRGINIA THROUGH PARTNERSHIPS AND PROGRAMS THAT ENHANCE THE COMMUNITY AND ITS MEMBERS. BALLSTONGIVES, INC. WILL HOLD FUNDRAISING EVENTS INCLUDING TASTE OF ARLINGTON AND QUARTERFEST, WHICH WILL ENABLE BALLSTONGIVES, INC. TO GIVE BACK TO THE COMMUNITY. PLEASE SEE THE WEBSITE BALLSTONVA.ORG FOR INFORMATION ABOUT THE ORGANIZATION. PROGRAMS AND EVENTS WILL BE CONDUCTED BY BALLSTONGIVES, INC. AND TAKE PLACE PRIMARILY IN THE BALLSTON NEIGHBORHOOD WITHIN ARLINGTON, VIRGINIA. BALLSTONGIVES, INC. WILL SPEND 100% OF ITS TIME IN SUPPORT OF THIS MISSION. BALLSTONGIVES, INC. WILL FUND ITS OPERATIONS AND ACTIVITIES BY SELLING SPONSORSHIPS AND TICKETS TO OUR PROGRAMS AND EVENTS, APPLYING FOR GRANTS FROM GOVERNMENTAL AND PRIVATE INSTITUTIONS, AND BY ACCEPTING DIRECT CONTRIBUTIONS. 4 3 0 0 0 0 16 0 0 0 0 0 0 0 16 0 0 0 0 0 0 0 0 0 0 3821 198 3821 198 -3805 -198 85971 85921 108176 108324 -22205 -22403 THE MISSION OF THE BALLSTONGIVES, INC. IS TO SUPPORT THE CHARITABLE DEEDS OF THE BALLSTON BUSINESS IMPROVEMENT CORPORATION, WHICH SERVES THE GEOGRAPHICAL AREA OF THE BALLSTON NEIGHBORHOOD IN ARLINGTON, VIRGINIA THROUGH FUNDRAISING EVENTS SUCH AS QUARTERFEST. 0 0 0 COMMUNITY EVENTS - GENERAL EVENTS- NO EVENTS HELD JULY 1, 2023 TO JUNE 30, 2024. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X BALLSTON BUSINESS IMPROVEMENT DISTRICT 7036641194 4600 N FAIRFAX DRIVE SUITE 100 ARLINGTON VA 22203 SIMON CARNEY PRESIDENT 5.00 5.00 X X 0 0 0 DUSTIN YOUNG TREASURER 5.00 5.00 X X 0 0 0 BOB WIBERG VICE PRESIDENT 5.00 5.00 X X 0 0 0 TINA LEONE CEO 5.00 50.00 X 0 309775 16891 0 309775 16891 0 0 1 0 0 0 0 0 0 198 198 198 0 198 0 85971 85921 85971 85921 108176 108324 108176 108324 X -22205 -22403 -22205 -22403 85971 85921 -198 0 X X 0 1 X 1 0 X 7500 16 0 7516 4355 15366 114466 134187 4355 15366 121966 16 141703 0 0 0 141703 4355 15366 121966 16 141703 1.00000 1.00000 0.00000 X 0 DUE TO BBID 108324 108324 X PART X, LINE 2: THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION RECOGNIZES THE COMBINED FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE ORGANIZATION APPLIES THE ACCOUNTING STANDARD TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN. AS A RESULT, THE ORGANIZATION DID NOT IDENTIFY ANY MATERIAL UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 0 0 TINA LEONE CEO 0 309775 0 0 0 0 0 7896 0 8995 0 326666 0 0 PART I LINE, LINE 3 CEO COMPENSATION FROM A RELATED ORGANIZATION - CEO COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION. AN INDEPENDENT SURVEY IS USED AS WELL AS A COMPARISON OF CEO COMPENSATION REPORTED ON MOST RECENT FORM 990'S FOR BIDS IN THE REGION. THE COMMITTEE DEVELOPS A WRITTEN CONTRACT WITH THE BID'S GENERAL COUNSEL. THE COMPENSATION COMMITTEE APPROVED THE AGREEMENT WHICH THEN IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION SHALL HAVE A BOARD CONSISTING OF AT LEAST THREE (3) AND NO MORE THAN (9) DIRECTORS. WITHIN THESE LIMITS, THE BOARD MAY INCREASE OR DECREASE THE NUMBER OF DIRECTORS SERVING THEREON, INCLUDING FOR THE PURPOSE OF STAGGERING THE TERM OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO PROGRAM SERVICE COMMITTEES, OTHER THAN THE EXECUTIVE COMMITTEE, WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION UTILIZES THE FOLLOWING FORM 990 REVIEW PROCESS: THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE CPA FIRM. THE RETURN IS PREPARED IN DRAFT FORM FOR AN INITIAL REVIEW BY BOTH THE ORGANIZATION'S FINANCE DIRECTOR AND THE ORGANIZATION'S TREASURER. AFTER THIS PHASE, THE TAX RETURN IS ELECTRONICALLY EMAILED TO THE GOVERNING BODY (BOARD OF DIRECTORS) FOR THEIR REVIEW AND COMMENTS. AFTER ALLOWING FOR A REASONABLE TIME FOR COMMENTS, THE TAX RETURN IS FINALIZED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. ALL BOARD MEMBERS ARE PRESENTED WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND ARE ASKED TO SIGN A "CODE OF CONDUCT," WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. EACH PERSON AFFIRMS THEY HAVE READ THE POLICY AND AFFIRMS THEY HAVE NOT OBTAINED ANY FINANCIAL INTERESTS DURING THE PRECEDING YEAR THAT HAVE NOT BEEN DISCLOSED TO THE ORGANIZATION, AND FURTHER, NO NONFINANCIAL INTEREST MATTERS HAVE ARISEN THAT WERE NOT PREVIOUSLY DISCLOSED. THE FORM ALSO PROVIDES EACH PERSON THE OPPORTUNITY TO DISCLOSE ANY CONFLICTING INTERESTS THEY MAY HAVE REGARDING THE OPERATIONS WITH THE ORGANIZATION. UPON DISCLOSURE OF FINANCIAL OR NONFINANCIAL INTEREST AND OF ALL MATERIAL FACTS RELATING TO THE DISCLOSURE, AND AFTER DISCUSSION AMONG DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS OR COMMITTEE, AND THE INTERESTED PERSON, THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE POLICY SETS FORTH PROCEDURES FOR ADDRESSING THE UNDERLYING TRANSACTION OR ARRANGEMENT WHEN A CONFLICT OF INTEREST IS DETERMINED AND WHETHER THE TRANSACTION OR ARRANGEMENT IS IN BALLSTONGIVES, INC.'S BEST INTERESTS, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THIS DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE ARRANGEMENT OR TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO ALL BOARD DIRECTORS AND STAFF. THEY ARE AVAILABLE TO THE PUBLIC AT THE AFFILIATE'S OFFICE, BALLSTON BUSINESS IMPROVEMENT DISTRICT. AN ANNUAL, UNAUDITED COMPARISON OF EXPENSES TO BUDGET ON A CASH BASIS IS PROVIDED IN MAY TO ATTENDEES AT THE CORPORATION'S ANNUAL MEETING. THE AUDITED FINANCIAL STATEMENTS COMPLETED AFTER THE END OF THE FISCAL YEAR (JUNE 30TH) ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BALLSTON BUSINESS IMPROVEMENT DISTRICT 4600 N FAIRFAX DRIVE ARLINGTON VA 22203 800724052 THE BBID'S MISSION IS TO PROMOTE THE COMPETITIVE SUCCESS OF THE COMMERCIAL VA 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS