Nonprofit · EIN 11-2786225
ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT
Tax-exempt · BROOKLYN, NY 11217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $382,933 | $410,417 | -$27,484 | $352,577 | $178,957 | $173,620 |
| December 31, 2023 | 990 | $455,852 | $396,372 | $59,480 | $399,709 | $198,605 | $201,104 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $311,647
- of which government grants
- $4,775
- Program service revenue
- $0
- Investment income
- $107
- Net rental income
- $71,179
- Other revenue
- $71,179
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $82,931
- Other salaries and wages
- $82,551
- Salaries, compensation and benefits (total)
- $184,959
- Professional fundraising fees
- $0
- Accounting fees
- $14,986
- Program services (functional)
- $338,232
- Management and general (functional)
- $37,083
- Fundraising (functional)
- $35,102
Balance sheet and other
- Total assets, start of year
- $399,709
- Total assets, end of year
- $352,577
- Total liabilities, end of year
- $178,957
- Net assets, end of year
- $173,620
- Land, buildings and equipment
- $156,233
- Net assets without donor restrictions
- $173,620
- Gross receipts
- $488,628
- Employees
- 5
- Year formed
- 1986
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Howard Kolins | Executive Dir. Trustee or director, Officer | 32 | $82,931 |
| DAN WILBY | Director Trustee or director | 5 | $0 |
| NAT RUBIN | Treasurer Trustee or director, Officer | 5 | $0 |
| SHARON TAYLOR | President Trustee or director, Officer | 5 | $0 |
| NICHOLAS PENTAGULIO | Director Trustee or director | 5 | $0 |
| DAVID PEREZ | Director Trustee or director | 5 | $0 |
| Emily Fisher | Director Trustee or director | 5 | $0 |
| Karen Zebulon | Vice President Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE WOLFE | Vice President Trustee or director, Officer | 5 | $0 |
| Howard Kolins | Executive Dir. Trustee or director, Officer | 32 | $0 |
| NAT RUBIN | Treasurer Trustee or director, Officer | 5 | $0 |
| SHARON TAYLOR | President Trustee or director, Officer | 5 | $0 |
| Adam Suerte | Director Trustee or director | 5 | $0 |
| DARLENE C SAMUELS | Director Trustee or director | 5 | $0 |
| DEBRA HARE-BEY | Director Trustee or director | 5 | $0 |
| Emily Fisher | Secretary Trustee or director, Officer | 5 | $0 |
| Eileen Trilli | Director Trustee or director | 5 | $0 |
| Karen Zebulon | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 494 ATLANTIC AVENUE, BROOKLYN, NY 11217-2979
- Signed the 990
- SHARON TAYLOR, President
- Phone
- (718) 875-8993
- Return prepared by
- Gruber Palumberi Raffaele Fried CPAs PC
Mission
to further economic development, historic preservation,and cultural enrichment on Atlantic Avenue, in Brooklyn, New York, from Fourth Avenue to theWaterfront and the surrounding community.
Program accomplishments
- Merchant Crime Alert Program: The Atlantic Avenue Local Development Corporation (AALDC) provides an E-Group Crime Alert Program through Google Groups for all Atlantic Avenue Merchants and Merchants in the surrounding communities we serve.Expenses $295,880
- ATLANTIC AVENUE PROMOTIONAL MARKETING:To raise the profile of the avenue and attract visitors, we produced another "ArtWalk" for two weeks in May, the Atlantic Antic Festival in October (one of the largest street fairs in NYC) and holiday events in November and December. Holiday events are held on different days: a tree lighting, an outdoor children's party, Saturday roving holiday music, visits from Santa and a major toy drive. These events bring more foot traffic to the avenue and generate goodwill. Temporary staff are usually young residents from the surrounding area.Expenses $42,352
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2786225
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $352,577
- Income (IRS master file)
- $488,628
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $455,852 | $396,372 | $399,709 | IRS |
| 990 | December 2022 | $399,662 | $377,615 | $353,566 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT
- What is the EIN of ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT?
- The employer identification number (EIN) of ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT is 11-2786225.
- Is ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT 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 ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $82,931 (Howard Kolins, Executive Dir.).
- How much revenue does ATLANTIC AVENUE ASSOCIATION LOCAL DEVELOPMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $382,933, expenses of $410,417 and total assets of $352,577 at year end.
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