FIFTH AVENUE ASSOCIATION BUSINESS IMPROVEMENT DISTRICT INC Charity Report

Public IRS 990 nonprofit record

FIFTH AVENUE ASSOCIATION BUSINESS IMPROVEMENT DISTRICT INC

EIN 13-3709348 · Community & Neighborhood Development (S20)

What they do

to PROMOTE THE GENERAL WELFARE of PEOPLE IN FIFTH AVENUE IN NEW YORK, NY. SPECIFICALLY IN THE AREA DESCRIBED IN THE FIFTH AVENUE BUSINESS IMPROVEMENT DISTRICT PLAN AS APPROVED BY THE CITY COUNCIL of THE CITY of NEW YORK IT PROVIDES SUPPLEMENTARY SECURITY and SANITATION SERVICES to THE BUSINESSES, HOMELESS OUTREACH, STREETSCAPING, EVENTS, PROGRAMS, MARKETING, and PLANNING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.23%of revenue went to mission work85.4% of expenses · Program services

$96.27spent for every $100 of revenueRevenue covered expenses this year.

14.04%of revenue went to management and office costs14.6% of expenses

$0.45in assets for every $1 spent this yearSome assets cannot be spent right away.

0.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $354,921 for MADELYN WILS (INTERIM PRESIDENT & CEO (AS OF 4/25)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$8,477,802

Mission workProgram services$6,971,51582.23% of revenue85.4% of expenses

ManagementOffice and general costs$1,190,08714.04% of revenue14.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$316,2003.73% of revenueShown in gray on the chart

Total expenses$8,161,60296.27% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 96.27% of revenue

2023Expense mix: 85.7% mission · 14.3% management · 0.0% fundraisingTotal expenses: 111.06% of revenue

2022Expense mix: 89.5% mission · 10.5% management · 0.0% fundraisingTotal expenses: 79.38% of revenue

2021Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 122.05% of revenue

2020Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 100.18% of revenue

2019Expense mix: 90.9% mission · 9.1% management · 0.0% fundraisingTotal expenses: 76.62% of revenue

2018Expense mix: 85.2% mission · 14.8% management · 0.0% fundraisingTotal expenses: 103.86% of revenue

2017Expense mix: 84.6% mission · 15.4% management · 0.0% fundraisingTotal expenses: 99.11% of revenue

Money in and money out

Revenue$8,477,802

Expenses$8,161,602

Annual surplus $316,200 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,971,515 · 85.4% of expenses

Management and office costs$1,190,087 · 14.6% of expenses

See all reported dollar amounts

Revenue$8,477,802

Expenses$8,161,602

Assets$3,674,682

Income$8,477,802

Contributions$14,000

Mission work (program services)$6,971,515

Grants given$28,000

Average grant$14,000

Management and general$1,190,087

Executive compensation (total)$351,229

Accounting fees$43,961

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MADELYN WILSINTERIM PRESIDENT & CEO (AS OF 4/25) · 40 hrs/week $354,921Base $345,090 · Other $9,831

MARK DICUSV.P. OF OPERATIONS & PLANNING · 40 hrs/week $238,330Base $202,009 · Other $36,321

MARIE BOSTERPRESIDENT (FORMER) (UNTIL 4/24) · 40 hrs/week $172,793Base $158,622 · Other $14,171

ANILU DELGADODIR. OF FINANCE AND H.R. · 40 hrs/week $147,775Base $114,643 · Other $33,132

GEORGE GRONERDIRECTOR OF SECURITY · 40 hrs/week $108,972Base $105,504 · Other $3,468

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

MADELYN WILSINTERIM PRESIDENT & CEO (AS OF 4/25)

MARK DICUSV.P. OF OPERATIONS & PLANNING

MARIE BOSTERPRESIDENT (FORMER) (UNTIL 4/24)

ANILU DELGADODIR. OF FINANCE AND H.R.

GEORGE GRONERDIRECTOR OF SECURITY

HELEN KINGDIRECTOR

STANLEY CHERA JRDIRECTOR

RUEDIGER ALBERSDIRECTOR

NICOLE KUSHNER MEYERDIRECTOR

MORRIS ADESDIRECTOR

MATTHEW CALAMARIDIRECTOR

MARK LEVINEDIRECTOR

MARK GOLDBERGTREASURER

KEITH POWERSDIRECTOR

KATHERINE STALLINGS BRENDIRECTOR

JOAN SBARRODIRECTOR

HOWARD SCHWARTZSECRETARY

ALLEN WALTHERDIRECTOR

EWA ABRAMSDIRECTOR

EDWARD P HOGANBOARD CHAIR

EDWARD F PINCAR JRPRESIDENT (AS OF 3/25)

DOUGLAS NEYEDIRECTOR

DARCY PENICKDIRECTOR

CARDINAL TIMOTHY DOLANDIRECTOR

BRETT HERSCHENFELDDIRECTOR

BRAD LANDERDIRECTOR

ANISH MELWANIDIRECTOR

ANDREW MARCUSDIRECTOR

ANDREW LEVINVICE CHAIRMAN

AMY MILLER MADRYDIRECTOR

About this charity

Recognized since: January 2022
Location: 16 EAST 52ND ST 3FL, NEW YORK, NY 10022-5306
County: New York
In care of: MADELYN WILS
Primary officer: MADELYN WILS, INTERIM PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@fifthavenue.nyc Phone(212) 265-1310

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SKODY SCOT & CO CPAS PC
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development
Grant-giving organization: Yes