Civic Intelligence

Central Business District Assoc

990 • Fiscal year 2016 • EIN 54-1384692

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

One Columbus Center Ste 611Virginia Beach, VA 23462

(757) 490-7812

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.47x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

9th percentile

-29%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

43rd percentile

-0.6%

Faster asset growth than 43% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$253,578

Down $1,445 (-0.6%) from 2015

Net Assets

Down

$173,070

Down $50,753 (-23%) from 2015

Liabilities

Up

$80,508

Up $49,308 (+158%) from 2015

Revenue

Down

$172,054

Down $86,688 (-34%) from 2015

Expenses

Up

$222,807

Up $16,445 (+8.0%) from 2015

Net Income

Down

-$50,753

Down $103,133 (-197%) from 2015

Historical Trend

Balance Sheet Trend

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

$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

2016

Assets$253,578
Liabilities$80,508
Net Assets$173,070

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$172,054
Expenses$222,807
Net Income-$50,753
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 9, 2017
Return Version
2016v3.0
Gross Receipts
$382,367
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$243,854$208,284▼ $35,570
Rtn Earn Endowment Incm Other Fnds$223,823$173,070▼ $50,753
Accounts Receivable$6,130$38,650▲ $32,520
Prepaid Expenses and Deferred Charges$387--
Land, Buildings, and Equipment, Net$119--
Total Assets$255,023$253,578▼ $1,445
Other Assets Total$4,533$6,644▲ $2,111
Liabilities
Accounts Payable and Accrued Expenses-$66,308-
Deferred Revenue$31,200$14,200▼ $17,000
Total Liabilities$31,200$80,508▲ $49,308
Net Assets / Fund Balance
Total Net Assets Fund Balance$223,823$173,070▼ $50,753
Total Liabilities and Net Assets / Fund Balance$255,023$253,578▼ $1,445

Asset Categories

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

Revenue Composition

Contributions and Grants
$5,739
Program Service Revenue
$144,578
Investment Income
$15
Other Revenue
$21,722
All Other Contributions
$5,739
Change in Net Assets
$-50,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$172,054
Total Revenue per Audited Statements
$172,054
Total Revenue per Form 990
$172,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$170,987
Other Expenses$51,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$158,692--$158,692
Occupancy$20,520--$20,520
Office Expenses$13,178--$13,178
Payroll Taxes$12,295--$12,295
Conferences and Meetings$3,138--$3,138
Fees for Services Accounting$750--$750
All Other Expenses$410--$410
Other Expenses$299--$299
Depreciation Depletion$119--$119
Total Functional Expenses$222,807$0$0$222,807

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$222,807
Total Expenses per Audited Statements$222,807
Total Expenses per Form 990$222,807
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$231,690
Fundraising Direct Expenses$210,313
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Last Night on T$115,825$115,825$150,713$-34,888
Golf Tournament$47,070$47,070$18,501$28,569
Total Events$231,690$231,690$210,313$21,377
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Alexander divaris gerald divaris son michael divaris gerald divaris brothers michael divaris gerald divaris >10% owners in same business alexander 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
ONE COLUMBUS CENTER STE 611, VIRGINIA BEACH, VA 23462

Signing Officer

Name
Christopher Stone
Title
President
Phone
7574907812
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanne Evans-cox
Formed
1986
Legal Domicile
Va
Voting Board Members
63
Independent Board Members
0
Employees
2

Preparer

Firm
Jones CPA Group Pc
Address
100 CONSTITUTION DRIVE SUITE 200, VIRGINIA BEACH, VA 23462
Preparer
Nellie M Green CPA Cva
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.

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IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM W HARRISON JR
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHEL C ASHE
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IRS990/Form990PartVIISectionAGrp/PersonNm13JAMES B LONERGAN
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IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID N REDA
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IRS990/Form990PartVIISectionAGrp/PersonNm23TOM DILLON
IRS990/Form990PartVIISectionAGrp/PersonNm24NATHAN DRORY
IRS990/Form990PartVIISectionAGrp/PersonNm25STEPHEN JONES
IRS990/Form990PartVIISectionAGrp/PersonNm26EVAN KALFUS
IRS990/Form990PartVIISectionAGrp/PersonNm27ANDREA KILMER
IRS990/Form990PartVIISectionAGrp/PersonNm28BERT POOLE
IRS990/Form990PartVIISectionAGrp/PersonNm29SUSAN RALSTON
IRS990/Form990PartVIISectionAGrp/PersonNm30JOHN RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm31JOEL RUBIN
IRS990/Form990PartVIISectionAGrp/PersonNm32HOWARD SYKES
IRS990/Form990PartVIISectionAGrp/PersonNm33GREG WARD
IRS990/Form990PartVIISectionAGrp/PersonNm34NICOLE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm35MICHAEL WOODHEAD
IRS990/Form990PartVIISectionAGrp/PersonNm36CHAS WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm37KAITLIN BURKET
IRS990/Form990PartVIISectionAGrp/PersonNm38RALPH DEMPSEY
IRS990/Form990PartVIISectionAGrp/PersonNm39KATHY OWENS
IRS990/Form990PartVIISectionAGrp/PersonNm40PATRICK SHULER
IRS990/Form990PartVIISectionAGrp/PersonNm41MATTHEW BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm42ERIN BURDICK
IRS990/Form990PartVIISectionAGrp/PersonNm43ROBERT MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm44ROBERT MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm45TONYA EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm46CHRISTOPHER PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm47DANIEL PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm48HARRIS PEZZELLA
IRS990/Form990PartVIISectionAGrp/PersonNm49KEVIN RACK
IRS990/Form990PartVIISectionAGrp/PersonNm50CHRISTOPHER STONE
IRS990/Form990PartVIISectionAGrp/PersonNm51SHELLY HAMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm52DR MICHAEL D SUMMERS
IRS990/Form990PartVIISectionAGrp/PersonNm53STEPHEN J MCNULTY
IRS990/Form990PartVIISectionAGrp/PersonNm54RONALD C RIPLEY
IRS990/Form990PartVIISectionAGrp/PersonNm55GERALD S DIVARIS
IRS990/Form990PartVIISectionAGrp/PersonNm56FREDERICK J NAPOLITANO SR
IRS990/Form990PartVIISectionAGrp/PersonNm57RICHARD E OLIVIERI
IRS990/Form990PartVIISectionAGrp/PersonNm58JOASH SCHULMAN
IRS990/Form990PartVIISectionAGrp/PersonNm59JESSE WELSCH
IRS990/Form990PartVIISectionAGrp/PersonNm60ASHLEY MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm61PAMELA WEST
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt530
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt580
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt610
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2016Detailed filing. Detailed filing data is available for this year.$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