Daffy

Special Improvement District Borough of Redbank Inc.

Special Improvement District Borough of Redbank Inc.

Red Bank, NJ 07701
Tax ID22-3133371

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About this organization

Revenue

$843,245

Expenses

$1,311,370

Mission

Red Bank RiverCenter is the management organization for the entire downtown business district. It manages business recruitment, promotional events and capital projects in addition to business assistance and work with the Borough of Red Bank.

About

Business Recruitment and Retention:In addition to advertising in print, and on line, on the air, and participating in national trade shows, RiverCenter spent countless hours reaching out to prospective business owners, showing them the town, and connecting them to realtors, building owners, business owners and movers and shakers in town. We helped smooth the way for new businesses to open and for existing businesses to expand in our town. We implemented a new data management system to make us more responsive to our constituents, updated our handbook for opening and doing business in Red bank and held a job fair to help existing businesses find the workers they need to succeed. We continued to advocate for a more business-friendly environment. More details can be found in Schedule O.

Interesting data from their 2020 990 filing

The purpose of the non-profit is stated in the filing as “The mission of the rivercenter is to develop a positive unifying force, so that together this picturesque small town waterfront community will reach and become a premier cultural destination offering unique and distinctive shopping districts.”.

Their activities were defined as: “Red bank rivercenter is the management organization for the entire downtown business district. it manages business recruitment, promotional events and capital projects in addition to business assistance and work with the borough of red bank.”.

  • As per legal requirements, the non-profit's state of operation is reported as NJ.
  • The non-profit's address in 2020 as per the filing is 140 Broad Street, Red Bank, NJ, 07701.
  • The form of the non-profit organization shows 5 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is -$468,125.
  • The compensation policy for the CEO of the organization is established through an impartial evaluation and endorsement.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 30 independent voting members.
  • The organization was formed in 1991.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $213,569 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.