Nonprofit · EIN 27-3638583
DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT
Also known as DOWNTOWN TROY BUSINESS IMPROVEMENT
Tax-exempt · TROY, NY 12180
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $310,114 | $412,265 | -$102,151 | $45,271 | $9,281 | $35,990 |
| December 31, 2023 | 990 | $233,596 | $371,844 | -$138,248 | $184,667 | $46,526 | $138,141 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $86,141
- of which government grants
- $14,220
- Program service revenue
- $179,916
- Investment income
- $175
- Net income from sales of inventory
- $43,368
- Other revenue
- $43,882
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $80,000
- Other salaries and wages
- $122,211
- Salaries, compensation and benefits (total)
- $219,455
- Professional fundraising fees
- $0
- Legal fees
- $660
- Accounting fees
- $24,950
- Occupancy
- $28,461
- Depreciation
- $2,664
- Program services (functional)
- $330,447
- Management and general (functional)
- $81,818
Balance sheet and other
- Total assets, start of year
- $184,667
- Total assets, end of year
- $45,271
- Total liabilities, end of year
- $9,281
- Net assets, end of year
- $35,990
- Land, buildings and equipment
- $14,431
- Net assets without donor restrictions
- $35,990
- Gross receipts
- $320,399
- Employees
- 7
- Year formed
- 2010
- 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 |
|---|---|---|---|
| OLIVIA CLEMENTE | EXECUTIVE DI Officer | 40 | $80,000 |
| MATT CALLAHAN | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| DENEE ZEIGLER | TREASURER Trustee or director, Officer | 1 | $0 |
| SARAH CACIOLA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVE GARDELL | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| TARA RAINSTROM | BOARD MEMBER Trustee or director | 1 | $0 |
| BRUNHILDA KETHCAM | BOARD MEMBER Trustee or director | 1 | $0 |
| NIEK VELVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES KEHOE | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMIE MAGUR | BOARD MEMBER Trustee or director | 1 | $0 |
| ASTRI BRYCE | BOARD MEMBER Trustee or director | 1 | $0 |
| THERESA VAN DUYNE | BOARD MEMBER Trustee or director | 1 | $0 |
| VITO CICCARELLI | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXANDER BRESNICK | BOARD MEMBER Trustee or director | 1 | $0 |
| NORRIS PEARSON | BOARD MEMBER Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY FREDERICKS | BOARD MEMBER Trustee or director | 1 | $0 |
| KIRK IVES | BOARD MEMBER Trustee or director | 1 | $0 |
| SAMANTHA TOEWS | SECRETARY Trustee or director | 1 | $0 |
| STAR D'ANGELO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OLIVIA CLEMENTE | EXECUTIVE DI Officer | 40 | $70,000 |
| MATT CALLAHAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JEFF MIREL | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| SARAH CACIOLA | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAVE GARDELL | TREASURER Trustee or director, Officer | 1 | $0 |
| KERRY FAGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIE GAVAZZI | BOARD MEMBER Trustee or director | 1 | $0 |
| ANGELO GRASSO | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES KEHOE | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMIE MAGUR | BOARD MEMBER Trustee or director | 1 | $0 |
| ASTRI BRYCE | BOARD MEMBER Trustee or director | 1 | $0 |
| THERESA VAN DUYNE | BOARD MEMBER Trustee or director | 1 | $0 |
| VITO CICCARELLI | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAMUS DONNELLY | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR PATRICK MADDEN | BOARD MEMBER Trustee or director | 1 | $0 |
| KIMBERLY FREDERICKS | BOARD MEMBER Trustee or director | 1 | $0 |
| KIRK IVES | BOARD MEMBER Trustee or director | 1 | $0 |
| SAMANTHA TOEWS | BOARD MEMBER Trustee or director | 1 | $0 |
| DYLAN TUREK | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 102 3RD ST 1ST FLOOR, TROY, NY 12180-4037
- Principal officer (990 for 2024)
- SARAH CACIOLA, 102 THIRD STREET, TROY, NY 12180
- Signed the 990
- SARAH CACIOLA, PRESIDENT
- Phone
- (518) 279-7997
- Website
- WWW.DOWNTOWNTROY.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
SEE SCHEDULE O
Program accomplishments
- THE BID HOSTS A VARIETY OF EVENTS THROUGOUT THE YEAR THAT BRING THOUSANDS OF PEOPLE TO DOWNTOWN TROY. FROM THE ROCKIN' ON THE RIVER SUMMER CONCERT SERIES TO THE MONTHLY TROY NIGHT OUT ART AND CULTURE EVENT. THE BID ORGANIZES AND EXECUTES EXCITING QUALITY EVENTS THAT DRAW PEOPLE TO TROY'S DOWNTOWN WITH THE PROSPECT THAT THE CROWDS WILL STAY OR RETURN TO PATRONIZE LOCAL BUSINESSES. THE BID HAS ALSO ESTABLISHED SEVERAL PROGRAMS ALL AIMED AT MARKETING DOWNTOWN TROY INCLUDING A DOWNTOWN TROY MAP WITH A LISTING OF ALL MEMBER BUSINESSES AND THE STUDENT INCENTIVE PROGRAM WHICH TARGETS THE LARGE STUDENT POPULATION.Expenses $330,447 · grants $10,000 · revenue $179,916
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
- 27-3638583
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $45,271
- Income (IRS master file)
- $320,399
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $310,114 | $412,265 | $45,271 | IRS |
| 990 | December 2023 | $233,596 | $371,844 | $184,667 | XML |
| 990 | December 2022 | $261,027 | $324,481 | $301,571 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 27-3638583).
Questions about DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT
- What is the EIN of DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT?
- The employer identification number (EIN) of DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT is 27-3638583.
- Is DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT 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 DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT 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 DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT?
- The 990 for the year ended December 31, 2024 names SARAH CACIOLA.
- Who are the officers and directors of DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $80,000 (OLIVIA CLEMENTE, EXECUTIVE DI).
- How much revenue does DISTRICT MANAGEMENT ASSOCIATION DOWNTOWN TROY BUSINESS IMPROVEMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $310,114, expenses of $412,265 and total assets of $45,271 at year end.
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