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47th Street Business Improvement District Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133944300 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is 47th Street Business Improvement District Inc?

The 47th Street Business Improvement District Inc, located in New York City, is a nonprofit organization primarily focused on enhancing the aesthetic and safety of the Diamond District. Established by local merchants and landlords, its main objective is to boost the economic development activities within the Diamond District. To achieve this, the organization undertakes various initiatives, such as maintaining clean streets, removing garbage and graffiti, and improving the overall appearance of the district through projects like lighting and public fixtures. Additionally, the 47th Street Business Improvement District provides security and marketing services, serving to enhance the experience for both merchants and consumers in the area. With a dedicated workforce of one individual, the organization strives to make the Diamond District a safer, cleaner, and more beautiful place to conduct business and shop.


Official website here: www.diamonddistrict.org

Is 47th Street Business Improvement District Inc legitimate?

47th Street Business Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 47th Street Business Improvement District Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $156,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.diamonddistrict.org

What is the mission statement of 47th Street Business Improvement District Inc?

The 47th Street Business Improvement District was established by merchants and landlords in the Diamond District to boost the economic development activities in the area. The primary objective of this organization is to enhance the safety, cleanliness, and aesthetic appeal of the district, making it an appealing destination for both merchants and consumers who conduct business within the Diamond District. The 47th Street Business Improvement District focuses on providing security, sanitation, and marketing services to contribute to the overall well-being and success of the jewelry merchants in the area.


Official website here: www.diamonddistrict.org

Who is the CEO of 47th Street Business Improvement District Inc?

Fertig Avi is the President of 47th Street Business Improvement District Inc.


Official website here: www.diamonddistrict.org

What is the revenue of 47th Street Business Improvement District Inc?

47th Street Business Improvement District Inc's revenue in 2022 was $1,395,715.


Official website here: www.diamonddistrict.org

Who are the executives of 47th Street Business Improvement District Inc and what are their salaries?

The average compensation at 47th Street Business Improvement District Inc during 2022 was $156,168. There are 1 employees and 25 volunteers at 47th Street Business Improvement District Inc.

Here are 25 key members and their salaries:

    Fertig Avi (Executive Director)
  • Compensation: $152,000
  • Related: $0
  • Other: $0

    • Harvey Nagin (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Grauer (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Marlow (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yale Zoland (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adnan Aydin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Krischer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brunilda Katsichtis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Ipek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elliot Kirschner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emily Bukucuyan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gale Brewer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Barnett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Weinshank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ilan Elishayev (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Elo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Holzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Glaister (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Magzalcioglu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jules Fleischer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Powers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Oistacher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • S David Belsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Stringer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.diamonddistrict.org

    Where can I find the form 990 for 47th Street Business Improvement District Inc?

    The 47th Street Business Improvement District Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.diamonddistrict.org

    Learn more at the official website: www.diamonddistrict.org

    Mission Statement of 47th Street Business Improvement District Inc

    The 47th Street Business Improvement District Inc was established by merchants and landlords in New York's Diamond District with a mission to enhance the economic development activities within the area. This organization, known as the 47th Street BID, aims to achieve three primary objectives: providing security, ensuring cleanliness, and promoting marketing services. The ultimate goal is to make the Diamond District a safer, cleaner, and more attractive destination for both merchants and consumers who conduct business and shop within the district. By fulfilling these objectives, the 47th Street BID seeks to contribute to the overall success and growth of the Diamond District.

    Impact

    This information is meant to be a general summary of 47th Street Business Improvement District Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The 47th Street Business Improvement District Inc's impact includes providing security, sanitation, and marketing services to jewelry merchants in the 5th Avenue and 47th Street area of New York City. They maintain clean streets and curbs, remove garbage and graffiti, and work on improving the overall appearance of the district through various projects such as lighting and public fixtures. The organization was formed by the Diamond District's merchants and landlords with the goal of enhancing the economic development activities of New York's Diamond District. Their mission is to make the Diamond District safer, cleaner, and more beautiful for merchants and consumers who work and shop in the area. Their efforts contribute to community improvement by ensuring a better environment for businesses and residents in the district.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $211
  • Program Service Revenue: $1,360,504
  • Gross Receipts: $1,395,715

    • Assets and Liabilities:
  • Total Assets: $549,223
  • Total Liabilities: $26,102
  • Net Assets: $523,121
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ASSESSMENT REVENUE

    Revenue

    $900,000

    PROGRAM SERVICE INCOME

    Revenue

    $460,504

    Organization Details

    Founding Year

    1997

    Principal Officer

    Fertig Avi

    Main Address

    580 5TH AVE 323, NEW YORK, NY, 100364701

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of 47th Street Business Improvement District Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.