Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
8 people listed on the 990; $83K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Howard Kolins | $82,931 | $76,724 | $80,069 | $41,600 |
| Tammy Baxter | — | — | — | $48,889 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Boosts local economy, preserves history, and enriches culture on Atlantic Avenue.
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Merchant Crime Alert Program
The Atlantic Avenue Local Development Corporation (AALDC) provides an E-Group Crime Alert Program through Google Groups for all Atlantic Avenue Merchants and Merchants in the surrounding communities we serve.
Atlantic Avenue Promotional Marketing
To raise the profile of the avenue and attract visitors, we produced another "ArtWalk" for two weeks in May, the Atlantic Antic Festival in October (one of the largest street fairs in NYC) and holiday events in November and December.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $180K | $148K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $170K | $156K |
| Total assetsLn 16 | $400K | $353K |
| LiabilitiesLn 26 | $199K | $179K |
| Net assetsLn 32 | $201K | $174K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $83K | $70K | $4K | $8K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $83K | $70K | $4K | $8K |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $4K | $3K | $334 | $260 |
| Payroll taxesLn 10 | $16K | $13K | $1K | $1K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $15K | $15K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $11K | $11K | ||
| Office expensesLn 13 | $128 | $128 | ||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $3K | $3K | ||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $186K | $168K | $289 | $17K |
| All other expensesLn 24e | $5K | $2K | $3K | $188 |
| Total functional expensesLn 25 | $410K | $338K | $37K | $35K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $383K | $410K | −$27K | $174K | 990 PDF |
| FY2023 | $456K | $396K | $59K | $201K | 990 PDF |
| FY2022 | $400K | $378K | $22K | $142K | 990 PDF |
| FY2021 | $414K | $361K | $53K | $120K | 990 PDF |
| FY2020 | $146K | $269K | −$123K | $67K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $382,933 revenue, 12 lines filed
Part VI · Governance 7 of 8 board members independent, no flags
Part VIII · Statement of revenue $382,933 across 9 lines filed
Part IX · Statement of functional expenses $410,417 across 31 lines filed
Part X · Balance sheet $352,577 assets, 19 lines filed
Part XI · Reconciliation of net assets $173,620 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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