GEORGETOWN BUSINESS IMPROVEMENT DISTRICT INC Charity Report

Public IRS 990 nonprofit record

GEORGETOWN BUSINESS IMPROVEMENT DISTRICT INC

EIN 52-2023786 · Professional Athletic Leagues (N80)

What they do

to Enhance The Business and Community Conditions Throughout Georgetown In The Following Program Areas: Street Services, Streetscape, Public Health, Marketing, Destination Management, Economic Development, Placemaking, and Transportation.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.90 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 2023The report may be old. Ask for a newer one.

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

They name their leaders39 people are listed in the latest report.

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

Money made simple

84.91%of revenue went to mission work79.9% of expenses · Program services

$106.27spent for every $100 of revenueSpending was higher than revenue this year.

$1.51in 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.

Worth asking: Expenses exceeded revenue by $335,403 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $301,830 for JOSEPH STERNLIEB (CHIEF EXECUTIVE OFFICER). 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 2023

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$5,347,144

Mission workProgram services$4,540,21984.91% of revenue79.9% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

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

Total expenses$5,682,547106.27% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$5,347,144

Expenses$5,682,547

Annual shortfall $335,403 Expenses were higher than revenue 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)$4,540,219 · 79.9% of expenses

See all reported dollar amounts

Revenue$5,347,144

Expenses$5,682,547

Assets$8,593,617

Income$5,347,144

Contributions$10,000

Mission work (program services)$4,540,219

Grants given$961,000

Average grant$192,200

Accounting fees$24,458

People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation

JOSEPH STERNLIEBCHIEF EXECUTIVE OFFICER · 40 hrs/week $301,830

NANCY MIYAHIRADIRECTOR OF MARKETING · 40 hrs/week $204,966

JOHN WIEBENSONVICE PRESIDENT OF OPERATIONS · 40 hrs/week $180,270

MICHAEL SUMMEYCFO · 40 hrs/week $155,821

LAUREN BOSTONMARKETING & COMMS DIR · 40 hrs/week $133,039

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 (39)

JOSEPH STERNLIEBCHIEF EXECUTIVE OFFICER

NANCY MIYAHIRADIRECTOR OF MARKETING

JOHN WIEBENSONVICE PRESIDENT OF OPERATIONS

MICHAEL SUMMEYCFO

LAUREN BOSTONMARKETING & COMMS DIR

MORGAN WILLIAMSDIRECTOR

MEGHAN OGILVIEDIRECTOR

MELANIE HAYESDIRECTOR

MICHAEL GIBEAUDIRECTOR

MICHAEL SAVAGEDIRECTOR

MICHAEL WEAVERDIRECTOR

MIMSY LINDNERDIRECTOR

MARK BROMLEYDIRECTOR

NAYAN PATELDIRECTOR

PAUL MONSEESSECRETARY

REGINA KNOX WOODSDIRECTOR

RICHARD LEVYDIRECTOR

STACEY PRICEDIRECTOR

SUSAN CALLOWAYDIRECTOR

TARA SAKRAIDADIRECTOR

TERESE WILSONCHAIRMAN

CHRIS MARTINDIRECTOR

ADISA BAKARIDIRECTOR

AHMED ASHKARDIRECTOR

ANA CLAUDIA LOPEZDIRECTOR

ANTHONY LANIERDIRECTOR

BETH ABERGDIRECTOR

BILL VERNODIRECTOR

BRUCE BASCHUKCHAIRMAN EMERITUS

CECILIA BROWNINGDIRECTOR

MAX BERRYDIRECTOR

CHRIS MURPHYDIRECTOR

EZRA GLASSDIRECTOR

GREG CASTENTREASURER

IAN CALLENDERDIRECTOR

IFAT PRIDANDIRECTOR

JOHN HAYSDIRECTOR

ABA KWAWUVICE CHAIRMAN

MARK WITSCHORIKDIRECTOR

About this charity

Recognized since: January 1998
Location: 1000 Potomac Street STE 122, Washington, DC 20007
County: District of Columbia
In care of: Michael Summey
Primary officer: Michael Summey, CFO

How to reach them

WebsiteVisit the charity’s website Phone(202) 298-9222

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: ABERCROMBIE AND ASSOCIATES LLC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes