Georgetown Business Improvement District Inc

EIN: 522023786

Washington, DC

Total Revenue
$5,347,144
Total Expenses
$5,682,547
Total Assets
$8,593,617
Net Assets
$2,804,671
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
DC
Principal Officer
JOSEPH STERNLIEB
Tax Period
2023-10-01 to 2024-09-30

Georgetown Business Improvement District Inc, founded in 1996, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $2,865,960

STREET SERVICES, STREETSCAPE AND PUBLIC HEALTH:PROGRAM SUPPORTED BY GENERAL BID TAX REVENUES PROVIDES DAILY TRASH REMOVAL FROM SIDEWALK AND CURB AREAS, LEAF AND SNOW REMOVAL, GRAFITTI AND STICKER...

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STREET SERVICES, STREETSCAPE AND PUBLIC HEALTH:PROGRAM SUPPORTED BY GENERAL BID TAX REVENUES PROVIDES DAILY TRASH REMOVAL FROM SIDEWALK AND CURB AREAS, LEAF AND SNOW REMOVAL, GRAFITTI AND STICKER REMOVAL, BRICK REPAIR, LIGHT POLE PAINTING, AND TREE BOXMAINTENANCE. PROGRAM IS STAFFED BY MEMBERS OF THE CLEAN TEAM 7 DAYS AWEEK. PROGRAM ALSO INCLUDES SEASONAL NIGHT WORK PERFORMINGMARKETING, PUBLIC RELATIONS, AND EVENTS TO PROMOTE GEORGETOWN AS APOWERWASHING. THE CLEAN TEAM COVERS OVER 26,500 LINEAR FEET OFSIDEWALK (APPROXIMATELY 5 MILES). STREETSCAPE SERVICES PROVIDEENHANCEMENT TO THE APPEARANCE OF GEORGETOWN STREETS WITH FLOWERBASKETS, AND HOLIDAY DECORATIONS.

Program 2
Expenses: $823,480

MARKETING, PUBLIC RELATIONS, AND EVENTS TO PROMOTE GEORGETOWN AS A PLACE TO DO BUSINESS, SHOP, DINE, AND ENJOY RECREATION AND ENTERTAINMENT VENUES. THE MARKETING DEPARTMENT PUTS OUT...

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MARKETING, PUBLIC RELATIONS, AND EVENTS TO PROMOTE GEORGETOWN AS A PLACE TO DO BUSINESS, SHOP, DINE, AND ENJOY RECREATION AND ENTERTAINMENT VENUES. THE MARKETING DEPARTMENT PUTS OUT WEEKLYE-NEWSLETTERS, OPERATES SOCIAL MEDIA CHANNELS, ORGANIZES MEDIACOVERAGE, AND PRODUCES FOUR SIGNATURE EVENTS AND MULTIPLE SMALL EVENTSTHROUGHOUT THE YEAR. THE PROGRAM IS LED BY THE VICE PRESIDENTOVERSEEING THE PR AND COMMUNICATIONS DIRECTOR AND EVENTS COORDINATOR.PUBLICATIONS AND PROJECTS ARE ALSO ASSISTED BY CONSULTANTS AND VOLUNTEERS.

Program 3
Expenses: $641,463

DESTINATION, ECONOMIC DEVELOPMENT, AND PLACEMAKING: OTHER PROGRAM AREAS INCLUDE ECONOMIC DEVELOPMENT WHICH FOCUSES ON COLLECTING AND ANALYZING ECONOMIC DATA ON THE GEORGETOWN ECONOMY AND REPORTING IT...

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DESTINATION, ECONOMIC DEVELOPMENT, AND PLACEMAKING: OTHER PROGRAM AREAS INCLUDE ECONOMIC DEVELOPMENT WHICH FOCUSES ON COLLECTING AND ANALYZING ECONOMIC DATA ON THE GEORGETOWN ECONOMY AND REPORTING IT TO BUSINESS AND GOVERNMENT DECISION MAKERS SO THEY CAN MAKE BETTER-INFORMED INVESTMENT DECISIONS IN GEORGETOWN. THE PROGRAM ALSO SEEKS CREATIVE WAYS TO STIMULATE GREATER ECONOMIC ACTIVITY INDIFFERENT SECTORS, AND SUB AREAS WITHIN THE NEIGHBORHOOD. THE PROGRAM PRODUCES AN ANNUAL STATE OF GEORGETOWN REPORT; CONVENES BROKERS AND PROPERTY OWNERS TO COLLABORATE ON PROJECTS; AND OVERSEES SPECIAL ECONOMIC DEVELOPMENT PROJECTS ON BEHALF OF THE NEIGHBORHOOD RECRUITING SPECIFIC TYPES OF RETAILERS TO PLACES IN THE NEIGHBORHOOD WHERE THEY ARE BOTH NEEDED AND WILL DO WELL. THIS PROGRAM ALSO SUPPORTS, AND IS SUPPORTED BY, THE MARKETING AND COMMUNICATIONS STAFF.DESTINATION MANAGEMENT IS A PROGRAM DESIGNED TO ENHANCE THE VISITOR EXPERIENCE TO THE GEORGETOWN COMMERCIAL DISTRICT. THE PROGRAM FOCUSES ON COORDINATING ORGANIZATIONS THAT WELCOME VISITORS, IMPROVED INFORMATION AND INTERPRETATION,SIGNAGE, PLANNING A VISITOR CENTER, AND DEVELOPING A PROGRAM TO REVITALIZE THE C&O CANAL. THE PUBLIC HEALTH PROGRAM IS LED BY THE OPERATIONS DIRECTOR AND HIS STAFF. THE BID WORKS WITH THE DOH AND DPW TO MONITOR AND ABATE RODENT ACTIVITY IN 20 AREAS THROUGHOUT THE BID. PUBLIC SAFETY ACTIVITIES ARE ORGANIZED BY THE BID IN COORDINATED WITH THE MPD AND LOCAL MERCHANTS, THE CITIZENS AND BUSINESS ASSOCIATIONS TO INTRODUCE CRIME ABATEMENT STRATEGIES. THE PLACEMAKING PROGRAM DESIGNS, IMPLEMENTS, AND MANAGES IMPROVEMENTS TO THE PUBLIC SPACES THROUGHOUT GEORGETOWN TO PROVIDE SAFE, ATTRACTIVE, AND ACTIVE PLACES FOR RESIDENTS, WORKERS, AND VISITORS.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,153,688
Investment Income $193,456
Other Revenue $0
TOTAL REVENUE $5,347,144

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $1,888,874
Fundraising Expenses $0
Program Expenses $4,540,219
Other Expenses $3,643,673
TOTAL EXPENSES $5,682,547

Year-over-Year Comparison

2023 2022 Change
Revenue $5,347,144 $5,263,559 +0.0%
Expenses $5,682,547 $5,719,472 0.0%
Net Income $-335,403 $-455,913 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
34
Independent Members
34
Employees
13
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$301,830
Total Directors
34
$0
Key Employees
2
$385,236
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH STERNLIEB Chief Executive Officer 40.00
Officer
$301,830 $0 $301,830
NANCY MIYAHIRA DIRECTOR OF MARKETING 40.00
Key Emp
$204,966 $0 $204,966
JOHN WIEBENSON VICE PRESIDENT OF OPERATIONS 40.00
Key Emp
$180,270 $0 $180,270
MICHAEL SUMMEY CFO 40.00
Highest
$155,821 $0 $155,821
LAUREN BOSTON MARKETING & COMMS DIR 40.00
Highest
$133,039 $0 $133,039
ADISA BAKARI DIRECTOR 2.00
Director
$0 $0 $0
IAN CALLENDER DIRECTOR 2.00
Director
$0 $0 $0
MARK BROMLEY DIRECTOR 2.00
Director
$0 $0 $0
MORGAN WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
TARA SAKRAIDA DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL SAVAGE DIRECTOR 2.00
Director
$0 $0 $0
BILL VERNO DIRECTOR 2.00
Director
$0 $0 $0
MARK WITSCHORIK DIRECTOR 2.00
Director
$0 $0 $0
STACEY PRICE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL WEAVER DIRECTOR 2.00
Director
$0 $0 $0
IFAT PRIDAN DIRECTOR 2.00
Director
$0 $0 $0
MELANIE HAYES DIRECTOR 2.00
Director
$0 $0 $0
MEGHAN OGILVIE DIRECTOR 2.00
Director
$0 $0 $0
NAYAN PATEL DIRECTOR 2.00
Director
$0 $0 $0
CHRIS MURPHY DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL GIBEAU DIRECTOR 2.00
Director
$0 $0 $0
SUSAN CALLOWAY DIRECTOR 2.00
Director
$0 $0 $0
JOHN HAYS DIRECTOR 2.00
Director
$0 $0 $0
EZRA GLASS DIRECTOR 2.00
Director
$0 $0 $0
AHMED ASHKAR DIRECTOR 2.00
Director
$0 $0 $0
BETH ABERG DIRECTOR 2.00
Director
$0 $0 $0
CECILIA BROWNING DIRECTOR 2.00
Director
$0 $0 $0
MAX BERRY DIRECTOR 2.00
Director
$0 $0 $0
ANA CLAUDIA LOPEZ DIRECTOR 2.00
Director
$0 $0 $0
MIMSY LINDNER DIRECTOR 2.00
Director
$0 $0 $0
CHRIS MARTIN DIRECTOR 2.00
Director
$0 $0 $0
ANTHONY LANIER DIRECTOR 2.00
Director
$0 $0 $0
REGINA KNOX WOODS DIRECTOR 2.00
Director
$0 $0 $0
RICHARD LEVY DIRECTOR 2.00
Director
$0 $0 $0
ABA KWAWU VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
BRUCE BASCHUK CHAIRMAN EMERITUS 2.00
Officer Director
$0 $0 $0
GREG CASTEN TREASURER 2.00
Officer Director
$0 $0 $0
TERESE WILSON CHAIRMAN 2.00
Officer Director
$0 $0 $0
PAUL MONSEES SECRETARY 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,347,144 $5,682,547 $8,593,617 $-335,403
2023 $5,263,559 $5,719,472 $6,191,510 $-455,913
2022 $5,028,103 $5,405,227 $7,162,773 $-377,124
2021 $6,094,764 $5,207,475 $7,258,794 $887,289
2020 $5,221,555 $4,388,451 $6,232,172 $833,104
2019 $3,794,352 $4,352,822 $5,232,323 $-558,470
2018 $4,025,688 $4,149,139 $5,048,028 $-123,451
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