CENTRAL BUSINESS DISTRICT ASSOC Charity Report

Public IRS 990 nonprofit record

CENTRAL BUSINESS DISTRICT ASSOC

EIN 54-1384692 · Professional Athletic Leagues (N80)

What they do

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

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.20 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 leaders50 people are listed in the latest report.

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

Money made simple

85.41%of revenue went to mission work88.2% of expenses · Program services

9.46%of revenue went to fundraising9.8% of expenses

$96.84spent for every $100 of revenueRevenue covered expenses this year.

1.97%of revenue went to management and office costs2.0% of expenses

$1.12in assets for every $1 spent this yearSome assets cannot be spent right away.

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 $121,276 for JEANNE EVANS COX (EXECUTIVE DI). 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$644,482

Mission workProgram services$550,45485.41% of revenue88.2% of expenses

ManagementOffice and general costs$12,6701.97% of revenue2.0% of expenses

FundraisingAsking for donations$60,9849.46% of revenue9.8% of expenses

Revenue left after expensesReported annual surplus$20,3743.16% of revenueShown in gray on the chart

Total expenses$624,10896.84% 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: 88.2% mission · 2.0% management · 9.8% fundraisingTotal expenses: 96.84% of revenue

2023Expense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 93.70% of revenue

2022Expense mix: 97.1% mission · 2.9% management · 0.0% fundraisingTotal expenses: 66.36% of revenue

2021Expense mix: 97.1% mission · 2.9% management · 0.0% fundraisingTotal expenses: 79.79% of revenue

2020Expense mix: 96.6% mission · 3.4% management · 0.0% fundraisingTotal expenses: 102.94% of revenue

2019Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 105.22% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 82.96% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 91.03% of revenue

Money in and money out

Revenue$644,482

Expenses$624,108

Annual surplus $20,374 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)$550,454 · 88.2% of expenses

Management and office costs$12,670 · 2.0% of expenses

Fundraising$60,984 · 9.8% of expenses

See all reported dollar amounts

Revenue$644,482

Expenses$624,108

Assets$699,894

Income$722,761

Mission work (program services)$550,454

Fundraising$60,984

Management and general$12,670

Accounting fees$13,595

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

JEANNE EVANS COXEXECUTIVE DI $121,276

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 (50)

JEANNE EVANS COXEXECUTIVE DI

MIKE ZEIDERSDIRECTOR

KATE PHILLEODIRECTOR

KATHY OWENSEXECUTIVE

KEVIN RACKEXECUTIVE

KIMBERLY SHEPHERDDIRECTOR

LISA BAEHREDIRECTOR

LUCAS SALVAGEEXECUTIVE

MARIANNE MELEEXECUTIVE

MARK E SLAUGHTEREXECUTIVE

MATT ASTRINEXECUTIVE

MICHAEL B DIVARISDIRECTOR

MIKE BARNEYEXECUTIVE

JOASH SCHULMANDIRECTOR

RICKY FRANTZDIRECTOR

RONALD C RIPLEYEXECUTIVE

RONNIE JOHNSONDIRECTOR

RYAN ARCESEDIRECTOR

SAM ESTEPEXECUTIVE

SCOTT KRYSTINIAKPRESIDENT

STEPHEN J MCNULTYIMMEDIATE PA

TONY CORTINASEXECUTIVE

TONY DIVARISSECRETARY

TYLER ROSAEXECUTIVE

WILLIAM LASCARADIRECTOR

YELENA LARATTADIRECTOR

DARIAN FISHERVICE PRESIDE

ALBERT POOLEEXECUTIVE

ALI GUNBEYITREASURER

AMELIA ROSS-HAMMONDDIRECTOR

BENNETT ZIERDIRECTOR

BERNIE BOONEDIRECTOR

BRIAN P WINFIELDDIRECTOR

BURRELL F SAUNDERSDIRECTOR

CHRIS BEALEDIRECTOR

CLAYTON FORBESDIRECTOR

DANIEL HEATWOLEPRESIDENT

DANIJEL VELICKIEXECUTIVE

ADAM CARROLLDIRECTOR

DAVE FRANCEVICE PRESIDE

DAVE PARADISEDIRECTOR

DAVID BASTIAANSDIRECTOR

ERIC FOXDIRECTOR

EVAN KALFUSDIRECTOR

FREDERICK J NAPOLITANO SRFOUNDING MEM

GERALD S DIVARISFOUNDING MEM

HOWARD SYKESDIRECTOR

JACOB CARASELLADIRECTOR

JAMES MCCUNEDIRECTOR

JEFF ROBERTSONDIRECTOR

About this charity

Recognized since: January 1986
Location: 1 COLUMBUS CENTER SUITE 611, VIRGINIA BEACH, VA 23462
County: Virginia Beach (city)
In care of: JEANNE EVANS COX
Primary officer: JEANNE EVANS COX, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(757) 490-7812

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: JONES CPA GROUP PC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues