Nonprofit · EIN 88-2835551
HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC
Also known as HKDBID
Tax-exempt · MILWAUKEE, WI 53212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $138,501 | $15,296 | $123,205 | $147,594 | $0 | $147,594 |
| December 31, 2024 | 990-EZ | $19,000 | $9,611 | $9,389 | $104,642 | $80,253 | $24,389 |
| December 31, 2023 | 990-EZ | $15,000 | $0 | $15,000 | $15,000 | $0 | $15,000 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $138,501
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,397
- Other expenses
- $12,899
Balance sheet and other
- Total assets, start of year
- $104,642
- Total assets, end of year
- $147,594
- Total liabilities, end of year
- $0
- Net assets, end of year
- $147,594
- Cash, savings and investments
- $37,594
- Land and buildings
- $110,000
- Gross receipts
- $138,501
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES PHELPS | MEMBER | 0 | $0 |
| LARRY ROFFERS | MEMBER | 0 | $0 |
| SUSAN KISSINGER | MEMBER | 0 | $0 |
| RAY HILL | EXECUTIVE DIRECTOR | 0 | $0 |
| SHARON GRINKER | MEMBER | 0 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES PHELPS | MEMBER | 2 | $0 |
| LARRY ROFFERS | MEMBER | 5 | $0 |
| SUSAN KISSINGER | MEMBER | 2 | $0 |
| RAY HILL | EXECUTIVE DIRECTOR | 40 | $0 |
| SHARON GRINKER | MEMBER | 2 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES PHELPS | MEMBER | 2 | $0 |
| ASHLEY BOOTH | MEMBER | 2 | $0 |
| LARRY ROFFERS | MEMBER | 2 | $0 |
| SUSAN KISSINGER | MEMBER | 2 | $0 |
| RAY HILL | EXECUTIVE DIRECTOR | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1726 N DR MARTIN LUTHER KING JR DR, MILWAUKEE, WI 53212-3602
- In care of
- % RAYNETTA HILL
- Signed the 990-EZ
- RAYNETTA HILL, EXECUTIVE DIRECTOR
- Phone
- (414) 265-5809
- Website
- WWW.KINGDRIVEIS.COM
- Return prepared by
- Grant-Jones CPA PLLC
Mission
ECONOMIC DEVELOPMENT FOR BUSINESSES
Program accomplishments
- HISTORIC KING DRIVE INC LEADS ECONOMIC DEVELOPMENT EFFORTS AND PROMOTION OF THE BUSINESS DISTRICT NAMED AFTER THE FAMED CIVIL RIGHTS LEADER.
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-2835551
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $147,594
- Income (IRS master file)
- $138,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $138,501 | $15,296 | $147,594 | XML |
| 990-EZ | December 2024 | $19,000 | $9,611 | $104,642 | IRS |
| 990-EZ | December 2023 | $15,000 | $0 | $15,000 | XML |
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 88-2835551).
Questions about HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC is 88-2835551.
- Is HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HISTORIC KING DRIVE 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 HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does HISTORIC KING DRIVE BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $138,501, expenses of $15,296 and total assets of $147,594 at year end.
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