Capitol Riverfront Business Improvement District

Nonprofit profile at a glance

EIN
205712546
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Washington, DC, USA
Phone
2022620354
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$4,966,051
Expenses
$4,716,051
Assets
$3,648,526
Liabilities
$2,352,676

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • MICHAEL STEVENS (PRESIDENT (FORMER))
  • EMEKA MONEME (PRESIDENT)

Highest reported compensation

  • MICHAEL STEVENS (PRESIDENT (FORMER)): $321,693 total reported compensation
  • TED JUTRAS (VP, PLANNING AND DEVELOPME): $200,821 total reported compensation
  • BONNIE TREIN (VP OF MARKETING & OPERATIONS): $196,694 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is dedicated to making the capitol riverfront clean, safe, friendly, and vibrant. The bid supports and enhances the capitol riverfront through the following activities: clean teams; marketing, branding and special events; economic development and office, retail and residential attraction; coordination with decision makers and advocating on behalf of the ongoing public realm, transportation access, infrastructure and neighborhood improvements and community building.

What it reported doing in 2023

Economic development: the organization works with dc agencies and property owners to assure that the capitol riverfront's basic infrastructure needs are met, including street and sidewalk repair, utility upgrades, traffic circulation, transit access, and parking management. In addition, the organization works to improve the area's landscaping, street furniture, and signage which supports a high quality public realm and neighborhood development. The organization also works with property owners and other entities on business attraction efforts that include attracting office tenants to this submarket, attracting neighborhood-support retail and restaurants to the capitol riverfront, attracting residents to the residential offerings in the neighborhood (apartments, condos, coops, and townhomes), and working with the dc government and property owners to facilitate the construction of proposed parks, open spaces and the anacostia riverwalk trail system.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 21.3%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5.5% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $4.4M in reported program spending
  • Leadership: top reported pay $322K · 26 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $158K reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 52/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.