Civic Intelligence

Central Business District Assoc

EIN 54-1384692 • 501(c)6 • Virginia Beach, VA

Profile

The central business district association of virginia beach is committed to the pursuit of the development and implementation of a high quality mixed-use urban environment for the central business district in the city of virginia beach. The mission of the organization will be to: 1) build public awareness of the benefits resulting from development of the central business district as the center for financial, commercial, professional and cultural activities in virginia beach. 2) strengthen the virginia beach economic base through the expansion of existing businesses in and the attraction of new businesses to the central business district. 3 create public spaces such as park areas within the central business district for community use and enjoyment in a safe and clean environment. 4) create networking opportunities for its members to enhance the economic vitality of its constituency 5) work with the city to safely integrate all the component areas of the central business district with ea

1 Columbus Center Suite 611Virginia Beach, VA 23462

www.cbda.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.13x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.14x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

49th percentile

3.2%

Higher net margin than 49% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

-0.1%

Faster asset growth than 39% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-4.0%

Faster revenue growth than 24% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$699,894

Down $397 (-0.1%) from 2023

Liabilities

Down

$88,612

Down $20,771 (-19%) from 2023

Net Assets

Up

$611,282

Up $20,374 (+3.4%) from 2023

Revenue

Down

$644,482

Down $26,958 (-4.0%) from 2023

Expenses

Down

$624,108

Down $5,032 (-0.8%) from 2023

Net Income

Down

$20,374

Down $21,926 (-52%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $19,427Liabilities 2011: $0Net Assets 2011: $19,4272011Assets 2012: $50,318Liabilities 2012: $40,848Net Assets 2012: $9,4702012Assets 2013: $88,299Liabilities 2013: $28,549Net Assets 2013: $59,7502013Assets 2014: $197,443Liabilities 2014: $26,000Net Assets 2014: $171,4432014Assets 2015: $255,023Liabilities 2015: $31,200Net Assets 2015: $223,8232015Assets 2016: $253,578Liabilities 2016: $80,508Net Assets 2016: $173,0702016Assets 2017: $267,020Liabilities 2017: $72,156Net Assets 2017: $194,8642017Assets 2018: $336,827Liabilities 2018: $81,191Net Assets 2018: $255,6362018Assets 2019: $332,107Liabilities 2019: $99,308Net Assets 2019: $232,7992019Assets 2020: $245,148Liabilities 2020: $23,705Net Assets 2020: $221,4432020Assets 2021: $397,851Liabilities 2021: $66,250Net Assets 2021: $331,6012021Assets 2022: $577,608Liabilities 2022: $29,000Net Assets 2022: $548,6082022Assets 2023: $700,291Liabilities 2023: $109,383Net Assets 2023: $590,9082023Assets 2024: $699,894Liabilities 2024: $88,612Net Assets 2024: $611,2822024

Highlighted filing

2024

Assets$699,894
Liabilities$88,612
Net Assets$611,282

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $244,077Expenses 2011: $219,937Net Income 2011: $24,1402011Expenses 2012: $179,1302012Revenue 2013: $221,324Expenses 2013: $171,044Net Income 2013: $50,2802013Revenue 2014: $288,968Expenses 2014: $177,275Net Income 2014: $111,6932014Revenue 2015: $258,742Expenses 2015: $206,362Net Income 2015: $52,3802015Revenue 2016: $172,054Expenses 2016: $222,807Net Income 2016: -$50,7532016Revenue 2017: $243,078Expenses 2017: $221,284Net Income 2017: $21,7942017Revenue 2018: $279,085Expenses 2018: $231,539Net Income 2018: $47,5462018Revenue 2019: $437,338Expenses 2019: $460,175Net Income 2019: -$22,8372019Revenue 2020: $386,729Expenses 2020: $398,085Net Income 2020: -$11,3562020Revenue 2021: $545,085Expenses 2021: $434,927Net Income 2021: $110,1582021Revenue 2022: $645,096Expenses 2022: $428,089Net Income 2022: $217,0072022Revenue 2023: $671,440Expenses 2023: $629,140Net Income 2023: $42,3002023Revenue 2024: $644,482Expenses 2024: $624,108Net Income 2024: $20,3742024

Highlighted filing

2024

Revenue$644,482
Expenses$624,108
Net Income$20,374

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.00$0.89$6.11$6.44$6.24$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.00$1.09$5.91$6.71$6.29$0.42
2022Detailed filing. Detailed filing data is available for this year.$5.78$0.29$5.49$6.45$4.28$2.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.98$0.66$3.32$5.45$4.35$1.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.24$2.21$3.87$3.98$0.11
2019Detailed filing. Detailed filing data is available for this year.$3.32$0.99$2.33$4.37$4.60$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.81$2.56$2.79$2.32$0.48
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.72$1.95$2.43$2.21$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.81$1.73$1.72$2.23$0.51
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.31$2.24$2.59$2.06$0.52
2014Detailed filing. Detailed filing data is available for this year.$1.97$0.26$1.71$2.89$1.77$1.12
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.29$0.60$2.21$1.71$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.41$0.09$1.79
2011Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$2.44$2.20$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 21, 2025
Return Version
2024v5.0
Gross Receipts
$722,761
Mission and Program Overview

Mission

The central business district association of virginia beach is committed to the pursuit of the development and implementation of a high quality mixed-use urban environment for the central business district in the city of virginia beach. The mission of the organization will be to: 1) build public awareness of the benefits resulting from development of the central business district as the center for financial, commercial, professional and cultural activities in virginia beach. 2) strengthen the virginia beach economic base through the expansion of existing businesses in and the attraction of new businesses to the central business district. 3 create public spaces such as park areas within the central business district for community use and enjoyment in a safe and clean environment. 4) create networking opportunities for its members to enhance the economic vitality of its constituency 5) work with the city to safely integrate all the component areas of the central business district with ea

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$639,985$670,506▲ $30,521
Accounts Receivable$34,118$26,388▼ $7,730
Total Assets$700,291$699,894▼ $397
Other Assets Total$26,188$3,000▼ $23,188
Liabilities
Deferred Revenue$75,700$47,950▼ $27,750
Other Liabilities$33,683$40,662▲ $6,979
Total Liabilities$109,383$88,612▼ $20,771
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$590,908$611,282▲ $20,374
Total Net Assets Fund Balance$590,908$611,282▲ $20,374
Total Liabilities and Net Assets / Fund Balance$700,291$699,894▼ $397

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,274$2,274
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jeanne Evans CoxExecutive Di$121,276$121,276

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$604,147
Investment Income
$3,926
Other Revenue
$36,409
Change in Net Assets
$20,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$644,482
Total Revenue per Audited Statements
$644,482
Total Revenue per Form 990
$644,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$493,411
Salaries, Compensation, and Employee Benefits$130,697
Total Fundraising Expense$60,984
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$269,120--$269,120
Other Salaries and Wages$48,564$11,728$60,984$121,276
All Other Expenses$28,624--$28,624
Other Expenses$15,720--$15,720
Fees for Services Accounting$13,595--$13,595
Occupancy$13,223--$13,223
Office Expenses$11,114--$11,114
Payroll Taxes$8,479$942-$9,421
Advertising$1,582--$1,582
Total Functional Expenses$550,454$12,670$60,984$624,108

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$624,108
Total Expenses per Audited Statements$624,108
Total Expenses per Form 990$624,108
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,688
Fundraising Direct Expenses$78,279
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$60,789$60,789$20,400$40,389
Lnott$45,723$45,723$53,643$-7,920
Total Events$114,688$114,688$78,279$36,409
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$40,662
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Michael divaris gerald divaris brothers michael divaris gerald divaris >10% owners in same business

Form 990, Page 6, Part VI, Line 7A

The board of directors of the organization is a self-perpetuating board which elects its new members by a majority vote. Board members serve for 3 year staggered terms with 1/3 of the director's terms expiring each year.

Form 990, Page 6, Part VI, Line 11B

The return is reviewed by the executive director and provided to the board prior to filing with the irs

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and finacial information available to the public upon request

Filing and Contact Details

Filer

Filer Name
Central Business District Assoc
EIN
54-1384692
Phone
7574907812
Address
1 COLUMBUS CENTER SUITE 611, VIRGINIA BEACH, VA 23462

Signing Officer

Name
Jeanne Evans Cox
Title
Executive Director
Phone
7574907812
Signed
2025-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanne Evans Cox
Formed
1986
Legal Domicile
Va
Voting Board Members
50
Independent Board Members
50
Employees
1
Volunteers
50

Preparer

Firm
Jones CPA Group Pc
Address
100 CONSTITUTION DRIVE SUITE 200, VIRGINIA BEACH, VA 23462
Preparer
Yelena Laratta CPA
Phone
7576314760
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The central business district association of virginia beach is committed to the pursuit of the development and implementation of a high quality mixed-use urban environment for the central business district in the city of virginia beach. The mission of the organization will be to: 1) build public awareness of the benefits resulting from development of the central business district as the center for financial, commercial, professional and cultural activities in virginia beach. 2) strengthen the virginia beach economic base through the expansion of existing businesses in and the attraction of new businesses to the central business district. 3 create public spaces such as park areas within the central business district for community use and enjoyment in a safe and clean environment. 4) create networking opportunities for its members to enhance the economic vitality of its constituency 5) work with the city to safely integrate all the component areas of the central business district with each other and the surrounding areas. 6) promote and enhance the quality of life and economic vitality within the central business district and the city of virginia beach

Form 990, Page 2, Part III, Line 4D

The organization was created to promote the growth and development of the pembroke area of virginia beach.

Form 990, Part IX, Line 11G

Program expenses - cbde 269,120 0 0

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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/PersonNm1RYAN ARCESE
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IRS990/Form990PartVIISectionAGrp/PersonNm3LISA BAEHRE
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