Civic Intelligence

Ithaca Downtown Business Improvement District Inc.

990 • Fiscal year 2019 • EIN 16-1518142

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 09, 2020

171 E State StreetIthaca, NY 14850

(607) 277-8679

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.11x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.03x

Higher debt load relative to revenue than 22% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Net Margin

51st percentile

5.0%

Higher net margin than 51% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

54th percentile

$109,970

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Asset Growth

75th percentile

18%

Faster asset growth than 75% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

4.2%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$319,681

Up $47,762 (+18%) from 2018

Net Assets

Up

$283,544

Up $53,505 (+23%) from 2018

Liabilities

Down

$36,137

Down $5,743 (-14%) from 2018

Revenue

Up

$1,069,521

Up $43,275 (+4.2%) from 2018

Expenses

Down

$1,016,016

Down $27,167 (-2.6%) from 2018

Net Income

Up

$53,505

Up $70,442 (+416%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $257,799Liabilities 2010: $45,247Net Assets 2010: $212,5522010Assets 2011: $359,059Liabilities 2011: $24,389Net Assets 2011: $334,6702011Assets 2012: $425,439Liabilities 2012: $41,510Net Assets 2012: $383,9292012Assets 2013: $297,703Liabilities 2013: $41,740Net Assets 2013: $255,9632013Assets 2014: $375,745Liabilities 2014: $23,805Net Assets 2014: $351,9402014Assets 2015: $358,402Liabilities 2015: $62,441Net Assets 2015: $295,9612015Assets 2016: $294,968Liabilities 2016: $110,135Net Assets 2016: $184,8332016Assets 2017: $273,612Liabilities 2017: $26,636Net Assets 2017: $246,9762017Assets 2018: $271,919Liabilities 2018: $41,880Net Assets 2018: $230,0392018Assets 2019: $319,681Liabilities 2019: $36,137Net Assets 2019: $283,5442019Assets 2020: $449,781Liabilities 2020: $182,628Net Assets 2020: $267,1532020Assets 2021: $504,469Liabilities 2021: $92,943Net Assets 2021: $411,5262021Assets 2022: $908,013Liabilities 2022: $340,458Net Assets 2022: $567,5552022Assets 2023: $991,353Liabilities 2023: $442,310Net Assets 2023: $549,0432023Assets 2024: $1,090,219Liabilities 2024: $394,647Net Assets 2024: $695,5722024

Highlighted filing

2019

Assets$319,681
Liabilities$36,137
Net Assets$283,544

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $701,1212010Expenses 2011: $764,3792011Expenses 2012: $698,9402012Revenue 2013: $769,403Expenses 2013: $845,225Net Income 2013: -$75,8222013Revenue 2014: $947,816Expenses 2014: $851,839Net Income 2014: $95,9772014Revenue 2015: $968,306Expenses 2015: $1,024,285Net Income 2015: -$55,9792015Revenue 2016: $976,761Expenses 2016: $1,087,889Net Income 2016: -$111,1282016Revenue 2017: $1,024,846Expenses 2017: $962,703Net Income 2017: $62,1432017Revenue 2018: $1,026,246Expenses 2018: $1,043,183Net Income 2018: -$16,9372018Revenue 2019: $1,069,521Expenses 2019: $1,016,016Net Income 2019: $53,5052019Revenue 2020: $1,072,087Expenses 2020: $1,088,478Net Income 2020: -$16,3912020Revenue 2021: $1,349,943Expenses 2021: $1,205,570Net Income 2021: $144,3732021Revenue 2022: $1,663,082Expenses 2022: $1,507,053Net Income 2022: $156,0292022Revenue 2023: $1,659,056Expenses 2023: $1,707,568Net Income 2023: -$48,5122023Revenue 2024: $1,478,230Expenses 2024: $1,311,813Net Income 2024: $166,4172024

Highlighted filing

2019

Revenue$1,069,521
Expenses$1,016,016
Net Income$53,505
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.1
Gross Receipts
$1,069,521
Mission and Program Overview

Mission

To improve the image of the Ithaca, NY downtown area so as to make that area more attractive to residents, vistors and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$85,312$184,290▲ $98,978
Savings and Temporary Cash Investments$66,370$73,791▲ $7,421
Pledges and Grants Receivable$91,813$37,520▼ $54,293
Prepaid Expenses and Deferred Charges$12,434$12,729▲ $295
Accounts Receivable$15,990$11,351▼ $4,639
Total Assets$271,919$319,681▲ $47,762
Liabilities
Accounts Payable and Accrued Expenses$41,880$34,780▼ $7,100
Other Liabilities-$1,357-
Total Liabilities$41,880$36,137▼ $5,743
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$166,937$219,872▲ $52,935
Net Assets With Donor Restrictions$63,102$63,672▲ $570
Total Net Assets Fund Balance$230,039$283,544▲ $53,505
Total Liabilities and Net Assets / Fund Balance$271,919$319,681▲ $47,762

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$33,201$33,201
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gary FergusonExecutive DirectorFT$109,970$109,970

Board Members and Trustees

NameTitle
Steven HeadrickPresident
Andre GardinerDirector
Anna KellesDirector
Brett BossardDirector
Cathy HartDirector
Chris HydeDirector
David PruntyDirector
Dierdre KurzwellDirector
Doreen Culver FossDirector
Dustin PatteDirector
Fred SchoepsDirector
Jan Rhodes NormanDirector
Jason SidleDirector
Jodi LaPierreDirector
Justin HjortshojDirector
Nathan LymanDirector
Sam ParlettDirector
Seph MurtaghDirector
Susan RileyDirector
Svante MyrickDirector
Teri TarshusDirector
Tom KnipeDirector
Abby PetersonDirector VP Marketing Oversig
Ashley CakeSecretary
Megan VidlerTreasurer
Nicole PaganoVP Downtown Operations Commit
John GuttridgeVP for Business Retention
Joe WetmoreVP for Special Events
Revenue and Support

Revenue Composition

Contributions and Grants
$724,582
Program Service Revenue
$0
Investment Income
$162
Other Revenue
$344,777
All Other Contributions
$96,021
Change in Net Assets
$53,505

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,069,521
Total Revenue per Audited Statements
$1,069,521
Total Revenue per Form 990
$1,069,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$581,136
Salaries, Compensation, and Employee Benefits$434,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$315,013$9,048-$324,061
Other Salaries and Wages$195,376$40,017-$235,393
Current Officers, Directors, Trustees, and Key Employees$91,275$18,695-$109,970
Other Employee Benefits$51,761$10,602-$62,363
Payroll Taxes$22,538$4,616-$27,154
Occupancy$22,536--$22,536
Other Expenses$17,283$3,540-$20,823
Insurance$6,650$1,362-$8,012
Fees for Services Accounting$3,984$816-$4,800
Total Functional Expenses$893,166$122,850$0$1,016,016

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,016,016
Total Expenses per Audited Statements$1,016,016
Total Expenses per Form 990$1,016,016
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ithaca Associates LLCDirectorRentsNo-
Ithaca Marriott - Cathy HartDirectorAnnual dinner servicesNo-
John Guttridge - Brightworks CompDirectorKiosk MgtNo-
Nicole PaganoDirectorPay it forward program participationNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred revenue$1,357
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Rental of commercial space between two unrelated directors

Organizational document changes Part VI line 4

In YE 12/31/2019 Increased number of Board members from 24 to 28

Members or stockholder classes and rights Part VI line 6

Members consist of classes of individuals representing various segments of the business educational and property owning community.

Member election for additional members Part VI line 7A

Members elect representatives from their respective classes to the governing board. They also vote on by-laws and other governance document issues.

Governing body decisions Part VI line 7B

Members elect representatives from their respective classes to the governing board. They also vote on by-laws and other governance document issues.

Form 990 governing body review Part VI line 11

Form 990 has been reviewed by governing body prior to filing.

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policy requires full disclosure statement no later than the first Board meeting following the annual meeting and election. Appointed board members must file a disclosure statement within 30 days of the appointment. Each director is required to identify or disclose any potential conflict pertaining to the organization in excess of $500.

CEO executive director top management comp Part VI line 15A

The Executive Director is evaluated on an annual basis by the Executive Committee of the Board, as well as members of the staff. The Executive Committee serves as the personnel committee for the organization. The DIA receives data from the International Downtown Association on wage rates in the downtown industry for executives and this has been used for comparison purposes. The Executive Director prepares a personal evaluation, as does each member of the personnel committee. These are combined and a single evaluation is offered and shared with the Executive Director by the President of the Board. Senior staff are evaluated annually by the Executive Director.

Other officer or key employee compensation Part VI line 15B

The Executive Director is evaluated on an annual basis by the Executive Committee of the Board. The Executive Committee serves as the personnel comittee for the organization. The DIA receives data from the International Downtown Association on wage rates in the downtown industry for executives and this has been used for comparison purposes. The Executive Director prepares a personal evaluation, as does each member of the Board of Directors and staff. These are combined and a single evaluation is offered and shared with the Executive Director by the President of the Board.

Governing documents etc available to public Part VI line 19

The governing documents and annual report are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ithaca Downtown Business Improv District Inc
EIN
16-1518142
Address
171 E State Street, Ithaca, NY 14850

Signing Officer

Name
Gary Ferguson
Title
Executive direc
Phone
6072778679
Signed
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Ny
Voting Board Members
28
Independent Board Members
28
Employees
19

Preparer

Firm
Joel G Seasonwein
Address
401 E State Street Ste 202, Ithaca, NY 14850
Preparer
Joel Seasonwein
Phone
6072731410
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Schedule of other expenses attached

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3John Guttridge
IRS990/Form990PartVIISectionAGrp/PersonNm4Joe Wetmore
IRS990/Form990PartVIISectionAGrp/PersonNm5Fred Schoeps
IRS990/Form990PartVIISectionAGrp/PersonNm6Justin Hjortshoj
IRS990/Form990PartVIISectionAGrp/PersonNm7Nathan Lyman
IRS990/Form990PartVIISectionAGrp/PersonNm8Abby Peterson
IRS990/Form990PartVIISectionAGrp/PersonNm9Seph Murtagh
IRS990/Form990PartVIISectionAGrp/PersonNm10Svante Myrick
IRS990/Form990PartVIISectionAGrp/PersonNm11Susan Riley
IRS990/Form990PartVIISectionAGrp/PersonNm12Sam Parlett
IRS990/Form990PartVIISectionAGrp/PersonNm13Chris Hyde
IRS990/Form990PartVIISectionAGrp/PersonNm14Teri Tarshus
IRS990/Form990PartVIISectionAGrp/PersonNm15Jason Sidle
IRS990/Form990PartVIISectionAGrp/PersonNm16Dustin Patte
IRS990/Form990PartVIISectionAGrp/PersonNm17Jan Rhodes Norman
IRS990/Form990PartVIISectionAGrp/PersonNm18David Prunty
IRS990/Form990PartVIISectionAGrp/PersonNm19Tom Knipe
IRS990/Form990PartVIISectionAGrp/PersonNm20Andre Gardiner
IRS990/Form990PartVIISectionAGrp/PersonNm21Doreen Culver Foss
IRS990/Form990PartVIISectionAGrp/PersonNm22Jodi LaPierre
IRS990/Form990PartVIISectionAGrp/PersonNm23Dierdre Kurzwell
IRS990/Form990PartVIISectionAGrp/PersonNm24Anna Kelles
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IRS990/Form990PartVIISectionAGrp/PersonNm26Cathy Hart
IRS990/Form990PartVIISectionAGrp/PersonNm27Nicole Pagano
IRS990/Form990PartVIISectionAGrp/PersonNm28Gary Ferguson
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP for Business Retention
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP for Special Events
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director VP Marketing Oversig
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP Downtown Operations Commit
IRS990/Form990PartVIISectionAGrp/TitleTxt28Executive Director
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IRS990/OtherExpensesGrp/Desc0Local and regional marketing
IRS990/OtherExpensesGrp/Desc1Govt relations
IRS990/OtherExpensesGrp/Desc2Business retention and dev
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IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Special events
IRS990/OtherRevenueMiscGrp/Desc1Downtown Environment
IRS990/OtherRevenueMiscGrp/Desc2Sundry
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt135718
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt259515
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0249544
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt135718

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.39$0.70$1.48$1.31$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.44$0.55$1.66$1.71$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.34$0.57$1.66$1.51$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.09$0.41$1.35$1.21$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.18$0.27$1.07$1.09$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.04$0.28$1.07$1.02$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.04$0.23$1.03$1.04$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.03$0.25$1.02$0.96$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.11$0.18$0.98$1.09$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.30$0.97$1.02$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.35$0.95$0.85$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.30$0.04$0.26$0.77$0.85$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.04$0.38$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.02$0.33$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.05$0.21$0.70