Civic Intelligence

Central Business District Assoc

990 • Fiscal year 2017 • EIN 54-1384692

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 20, 2018

1 Columbus Center Suite 601Virginia Beach, VA 23462

(757) 490-7812

Siviq Scores

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

Liabilities / Assets

84th percentile

0.27x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.30x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

66th percentile

9.0%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

56th percentile

5.3%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

41%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$267,020

Up $13,442 (+5.3%) from 2016

Net Assets

Up

$194,864

Up $21,794 (+13%) from 2016

Liabilities

Down

$72,156

Down $8,352 (-10%) from 2016

Revenue

Up

$243,078

Up $71,024 (+41%) from 2016

Expenses

Down

$221,284

Down $1,523 (-0.7%) from 2016

Net Income

Up

$21,794

Up $72,547 (+143%) from 2016

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

2017

Assets$267,020
Liabilities$72,156
Net Assets$194,864

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

2017

Revenue$243,078
Expenses$221,284
Net Income$21,794
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 20, 2018
Return Version
2017v2.3
Gross Receipts
$362,525
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$208,284$200,849▼ $7,435
Rtn Earn Endowment Incm Other Fnds$173,070$194,864▲ $21,794
Accounts Receivable$38,650$32,100▼ $6,550
Other Notes and Loans Receivable, Net-$7,500-
Total Assets$253,578$267,020▲ $13,442
Other Assets Total$6,644$26,571▲ $19,927
Liabilities
Accounts Payable and Accrued Expenses$66,308$41,031▼ $25,277
Deferred Revenue$14,200$31,125▲ $16,925
Total Liabilities$80,508$72,156▼ $8,352
Net Assets / Fund Balance
Total Net Assets Fund Balance$173,070$194,864▲ $21,794
Total Liabilities and Net Assets / Fund Balance$253,578$267,020▲ $13,442

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,274$2,274
Other Assets Org$387--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$132,681
Investment Income
$19
Other Revenue
$110,378
Change in Net Assets
$21,794

Audited Revenue Reconciliation

Revenue per Audited Statements
$243,078
Total Revenue per Audited Statements
$243,078
Total Revenue per Form 990
$243,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$167,169
Other Expenses$54,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$155,210--$155,210
Occupancy$20,520--$20,520
Payroll Taxes$11,959--$11,959
Office Expenses$11,665--$11,665
Other Expenses$3,000--$3,000
Conferences and Meetings$2,503--$2,503
All Other Expenses$1,225--$1,225
Fees for Services Accounting$938--$938
Total Functional Expenses$221,284$0$0$221,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$221,284
Total Expenses per Audited Statements$221,284
Total Expenses per Form 990$221,284
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$229,492
Fundraising Direct Expenses$119,447
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Last Night on T$112,470$112,470$62,486$49,984
Golf Tournament$48,721$48,721$19,436$29,285
Total Events$229,492$229,492$119,447$110,045
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
1 COLUMBUS CENTER SUITE 601, VIRGINIA BEACH, VA 23462

Signing Officer

Name
Christopher Stone
Title
President
Phone
7574907812
Signed
2018-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanne Evans-cox
Formed
1986
Legal Domicile
Va
Voting Board Members
60
Independent Board Members
60
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/PersonNm29DANIEL PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm30HARRIS PEZZELLA
IRS990/Form990PartVIISectionAGrp/PersonNm31KEVIN RACK
IRS990/Form990PartVIISectionAGrp/PersonNm32MIKE BARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm33STEVE BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm34ERIC FOX
IRS990/Form990PartVIISectionAGrp/PersonNm35JEFFREY GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm36KEITH IRELAND
IRS990/Form990PartVIISectionAGrp/PersonNm37KRISTEN JURJEVICH
IRS990/Form990PartVIISectionAGrp/PersonNm38THOM PREVETTE
IRS990/Form990PartVIISectionAGrp/PersonNm39COLBY RAYMOND
IRS990/Form990PartVIISectionAGrp/PersonNm40BILL THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm41CHRISTOPHER STONE
IRS990/Form990PartVIISectionAGrp/PersonNm42SHELLY HAMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm43DR MICHAEL D SUMMERS
IRS990/Form990PartVIISectionAGrp/PersonNm44STEPHEN J MCNULTY
IRS990/Form990PartVIISectionAGrp/PersonNm45RONALD C RIPLEY
IRS990/Form990PartVIISectionAGrp/PersonNm46GERALD S DIVARIS
IRS990/Form990PartVIISectionAGrp/PersonNm47FREDERICK J NAPOLITANO SR
IRS990/Form990PartVIISectionAGrp/PersonNm48RICHARD E OLIVIERI
IRS990/Form990PartVIISectionAGrp/PersonNm49MICHEL C ASHE
IRS990/Form990PartVIISectionAGrp/PersonNm50LOUIS S HADDAD
IRS990/Form990PartVIISectionAGrp/PersonNm51DANIEL HEATWOLE
IRS990/Form990PartVIISectionAGrp/PersonNm52MARK E SLAUGHTER
IRS990/Form990PartVIISectionAGrp/PersonNm53JOASH SCHULMAN
IRS990/Form990PartVIISectionAGrp/PersonNm54ALBERT POOLE
IRS990/Form990PartVIISectionAGrp/PersonNm55KAITLIN BURKET
IRS990/Form990PartVIISectionAGrp/PersonNm56ANDY RICHMOND
IRS990/Form990PartVIISectionAGrp/PersonNm57KATHY OWENS
IRS990/Form990PartVIISectionAGrp/PersonNm58ROBERT MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm59PAMELA WEST
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt460
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt510
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt530
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt580
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt590
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR

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
2017Detailed filing. Detailed filing data is available for this year.$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