Nonprofit · EIN 45-4949226
ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $545,050 | $643,809 | -$98,759 | $471,854 | $330,326 | $141,528 |
| June 30, 2024 | 990 | $503,378 | $578,869 | -$75,491 | $522,385 | $282,098 | $240,287 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $543,522
- of which government grants
- $540,000
- Program service revenue
- $0
- Investment income
- $1,528
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $105,464
- Other salaries and wages
- $63,666
- Salaries, compensation and benefits (total)
- $200,539
- Professional fundraising fees
- $0
- Occupancy
- $19,875
- Depreciation
- $33,001
- Program services (functional)
- $545,399
- Management and general (functional)
- $98,410
Balance sheet and other
- Total assets, start of year
- $522,385
- Total assets, end of year
- $471,854
- Total liabilities, end of year
- $330,326
- Net assets, end of year
- $141,528
- Land, buildings and equipment
- $111,763
- Net assets without donor restrictions
- $141,528
- Gross receipts
- $545,050
- Employees
- 2
- Year formed
- 2012
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Carroll | Executive Dir. Trustee or director | 30 | $105,464 |
| Megan Rickerson | Vice Chair Officer | 1 | $0 |
| Marcia Patmos | Chair Officer | 1 | $0 |
| Jason Manoharan | Treasurer Officer | 1 | $0 |
| Sandy Balboza | 2nd Vice Chair Officer | 1 | $0 |
| Jordan Barowitz | Secretary Officer | 1 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Carroll | Executive Dir. Trustee or director | 30 | $101,000 |
| Luca Arrigoni | Vice Chair Officer | 0 | $0 |
| Katharine Gilman | Chair Officer | 0 | $0 |
| Evan Vaughan | Treasurer Officer | 0 | $0 |
| Sandy Balboza | 2nd Vice Chair Officer | 0 | $0 |
| Sasha Blaug | Secretary Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 306 ATLANTIC AVENUE, BROOKLYN, NY 11201-6698
- Principal officer (990 for 2024)
- Kelly Carroll, 306 Atlantic Avenue, Brooklyn, NY 11201
- Signed the 990
- Kelly Carroll, Executive Dir.
- Phone
- (929) 283-5988
- Website
- www.atlanticavebid.org
- Return prepared by
- Cipriani & Bauer CPAs
Mission
TO PROMOTE THE ECONOMIC GROWTH AND WELL BEING OF THE BUSINESSES IN THE BUSINESS IMPROVEMENT DISTRICT THROUGH IMPROVING NEIGHBORHOOD CONDITIONS AND THE BUSINESS ENVIRONMENT.
Program accomplishments
- THE ORGANIZATION PROMOTES COMMERCIAL REVITALIZATION ALONG THE ATLANTIC AVENUE AREA BY PROVIDING SUPPLEMENTAL SERVICES SUCH AS INCREASED SANITATION, BUSINESS PROMOTION, NEIGHBORHOOD BEAUTIFICATION AND INITIATING STREETSCAPE IMPROVEMENTS.Expenses $545,399
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
- 45-4949226
- 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
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $471,854
- Income (IRS master file)
- $545,050
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $545,050 | $643,809 | $471,854 | XML |
| 990 | June 2024 | $503,378 | $578,869 | $522,385 | XML |
| 990 | June 2023 | $510,260 | $445,228 | $541,111 | IRS |
| 990 | June 2022 | $410,053 | $425,993 | $276,891 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 45-4949226).
Questions about ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC
- What is the EIN of ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC?
- The employer identification number (EIN) of ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC is 45-4949226.
- Is ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION 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 ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION 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 ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names Kelly Carroll.
- Who are the officers and directors of ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $105,464 (Kelly Carroll, Executive Dir.).
- How much revenue does ATLANTIC AVENUE DISTRICT MANAGEMENT ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $545,050, expenses of $643,809 and total assets of $471,854 at year end.
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