Nonprofit · EIN 04-3428312
SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC
Tax-exempt · SPRINGFIELD, MA 01103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,455,035 | $1,267,007 | $188,028 | $2,550,344 | $202,614 | $2,347,730 |
| June 30, 2024 | 990 | $1,360,533 | $1,090,121 | $270,412 | $2,295,143 | $146,218 | $2,148,925 |
| June 30, 2023 | 990 | $1,312,836 | $1,376,687 | -$63,851 | $2,032,775 | $137,242 | $1,895,533 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $420,712
- of which government grants
- $150,000
- Program service revenue
- $977,749
- Investment income
- $30,346
- Other revenue
- $26,228
Expenses
- Grants and similar amounts paid
- $76,076
- Compensation of officers, directors and key employees
- $112,701
- Other salaries and wages
- $128,759
- Salaries, compensation and benefits (total)
- $287,364
- Professional fundraising fees
- $0
- Legal fees
- $9,660
- Accounting fees
- $34,719
- Occupancy
- $68,086
- Travel
- $13,897
Balance sheet and other
- Total assets, start of year
- $2,295,143
- Total assets, end of year
- $2,550,344
- Total liabilities, end of year
- $202,614
- Net assets, end of year
- $2,347,730
- Land, buildings and equipment
- $878,660
- Net assets without donor restrictions
- $2,347,730
- Gross receipts
- $1,455,035
- Employees
- 4
- Volunteers
- 10
- Year formed
- 1998
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Grout | Executive Dir. Officer | 40 | $112,701 |
| James Hickson | Chairman Trustee or director, Officer | 2 | $0 |
| Keith Weppler | vice chairman Trustee or director, Officer | 2 | $0 |
| Paul Marcelina | Treasurer Trustee or director, Officer | 2 | $0 |
| Jeffrey Fialky | Clerk Trustee or director, Officer | 2 | $0 |
| Evan Plotkin | Director Trustee or director | 1 | $0 |
| Sara Smith | Director Trustee or director | 1 | $0 |
| Augustine Kim | Director Trustee or director | 1 | $0 |
| Raipher Peligrino | Director Trustee or director | 1 | $0 |
| Brian Connors | Director Trustee or director | 1 | $0 |
| Kay Simpson | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Grout | Executive Dir. Officer | 40 | $100,468 |
| James Hickson | Chairman Trustee or director, Officer | 2 | $0 |
| Keith Weppler | vice chairman Trustee or director, Officer | 2 | $0 |
| Paul Marcelina | Treasurer Trustee or director, Officer | 2 | $0 |
| Jeffrey Fialky | Clerk Trustee or director, Officer | 2 | $0 |
| Evan Plotkin | Director Trustee or director | 1 | $0 |
| Sara Smith | Director Trustee or director | 1 | $0 |
| Paul Lessard | Director Trustee or director | 1 | $0 |
| Augustine Kim | Director Trustee or director | 1 | $0 |
| Raipher Peligrino | Director Trustee or director | 1 | $0 |
| Brian Connors | Director Trustee or director | 1 | $0 |
| Kay Simpson | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Christopher Russell | Former ED | 40 | $0 | $245,683 |
| Michelle Grout | Executive Dir. Officer | 40 | $0 | $85,748 |
| James Hickson | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Keith Weppler | Vice Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Paul Marcelina | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jeffrey Fialky | Clerk Trustee or director | 1 | $0 | $0 |
| Evan Plotkin | Director Trustee or director | 1 | $0 | $0 |
| Sara Smith | Director Trustee or director | 1 | $0 | $0 |
| Paul Lessard | Director Trustee or director | 1 | $0 | $0 |
| Augustine Kim | Director Trustee or director | 1 | $0 | $0 |
| Raipher Peligrino | Chairman Trustee or director | 1 | $0 | $0 |
| Brian Connors | 01103 Trustee or director | 1 | $0 | $0 |
| Kay Simpson | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1331 MAIN STREET, SPRINGFIELD, MA 01103-1669
- In care of
- % EXECUTIVE DIRECTOR
- Signed the 990
- Michelle Grout, Executive Director
- Phone
- (413) 781-1591
- Return prepared by
- DOWNEY PIECIAK FITZGERALD & CO PC
Mission
Promote development of business and economic activity within the business improvement district in springfield, massachusetts.
Program accomplishments
- Promote the development of business and economic activity within the business improvement district in springfield, massachusetts.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3428312
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,550,344
- Income (IRS master file)
- $1,455,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,455,035 | $1,267,007 | $2,550,344 | IRS |
| 990 | June 2024 | $1,360,533 | $1,090,121 | $2,295,143 | IRS |
| 990 | June 2023 | $1,312,836 | $1,376,687 | $2,032,775 | XML |
| 990 | June 2022 | $1,356,557 | $1,513,322 | $2,233,005 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3428312).
Questions about SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC is 04-3428312.
- Is SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
- Are donations to SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $112,701 (Michelle Grout, Executive Dir.).
- How much revenue does SPRINGFIELD BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,455,035, expenses of $1,267,007 and total assets of $2,550,344 at year end.
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- EDC 413WORKS INC EIN 86-1491313 · last filed 990 for 2024
- LATINO ECONOMIC DEVELOPMENT CORPORATION INC EIN 88-1698006 · last filed 990 for 2025
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All nonprofits in SPRINGFIELD · Massachusetts · Community improvement and capacity building