Dumbo District Management Association INC FY2024 filing

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The Association is dedicated to enhancing and promoting the community known as Dumbo ( down under the manhattan bridge overpass)in the borough of brooklyn, new york. The Association showcases Dumbo as a world class destination and a center for business.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$247K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $42K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$247K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$114K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+43% vs prior year
Spent
$2.2M
To programs
92%
Net assets
$221K
By yearFY2020–FY2025
Revenue
$2.2M
FY2024▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.3M
FY2022$1.5M
FY2023$1.5M
FY2024$2.2M
FY2025$2.3M
Expenses
$2.2M
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.7M
FY2023$1.7M
FY2024$2.2M
FY2025$2.3M
Net assets
$221K
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$667K
FY2021$589K
FY2022$453K
FY2023$246K
FY2024$221K
FY2025$239K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $2.0M Management & general 7% · $159K Fundraising 1% · $18K

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

26 people listed on the 990; $247K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$247,207Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Alexandria Sica’s $254K as President is at the 95th percentile of top reported officer pay among 433 $1–10M public safety & disaster nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alexandria Sica$253,630$247,207$247,207$250,000$250,000$215,000
Senior Vice President$165,400—————
Kalvis Mikelsteins$117,699—————
Tom Montvel-Cohen————$105,000—

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.

See Dumbo District Management Association INC executive salaries →

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

Promotes DUMBO as a world-class destination and business center.

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3 programs · $2.0M · in their own filed words · FY2023
01

Events and Programming

DUMBO free community events including public art, concerts, movies, and family festivals. Under an agreement with the City of New York, DUMBO is allowed to use Pearl Plaza for these events as long as the revenues raised at these events through concessions go back into maintenance of Pearl Plaza.

$907Kprogram expense
02

Sanitation Services

DUMBO provides through a sub-contract with the DOE Foundation for the cleaning of streets and public spaces, watering of plants and removal of graffiti in the DUMBO district. DUMBOs maintenance improves and maintains the overall appearance of the district.

$583Kprogram expense
03

Marketing Economic Development

DUMBO provides free public WI-FI throughout DUMBO as an amenity to the people who work, live, and visit DUMBO's public spaces. This is done through a contract with Sky Packets, a wireless solutions company.

$527Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 10 grants · $194K · 2020–2024
PTA of Ps 307k INCNY · FY2024$24,000
Dock Street School PTANY · FY2024$24,000
PTA of Ps 307k INCNY · FY2023$19,000
Dock Street School PTANY · FY2023$19,000
PTA of Ps 307k INCNY · FY2022$20,600
Dock Street School PTANY · FY2022$20,600
PTA of Ps 307k INCNY · FY2021$28,328
Dock Street School PTANY · FY2021$19,157
PTA of Ps 307k INCNY · FY2020$9,750
Dock Street School PTANY · FY2020$9,750

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$214K
Money outPt IX
$2.2M
Ln 25
Programscol B$2.0M
Managementcol C$159K
Fundraisingcol D$18K
Owns and owesPt X
$221K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$334K
LiabilitiesLn 26$114K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Government grantsLn 1e$122K
Fees for servicesLn 2g$2.0M
Gains on assetsLn 7$0
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$196K
Cash and savings togetherLn 1–2$196K
Pledges and grants receivableLn 3$41K
Prepaid expenses and deferred chargesLn 9$57K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$37K
Total assetsLn 16$334K
LiabilitiesLn 26$114K
Net assetsLn 32$221K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$217K$196K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8K$4K
Total assetsLn 16$359K$334K
LiabilitiesLn 26$114K$114K
Net assetsLn 32$246K$221K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$45K$45K
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$326K$267K$53K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$357K$293K$58K$6K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$167K$137K$27K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$26K$21K$4K$469
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$16K$13K$3K$281
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$39K$32K$6K$694
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$18K$15K$3K$320
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$3K$69$620
InsuranceLn 23$9K$7K$1K$163
Other expenses (24a–d)Ln 24$1.2M$1.2M$2K$228
All other expensesLn 24e$14K$12K$2K$257
Total functional expensesLn 25$2.2M$2.0M$159K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 25, 2026 $2.3M$2.3M$18K$239K 990 PDF
FY2024 ViewingFiled with the IRS May 15, 2025 $2.2M$2.2M−$25K$221K 990 PDF
FY2023Filed with the IRS Apr 24, 2024 $1.5M$1.7M−$207K$246K 990 PDF
FY2022Filed with the IRS Apr 12, 2023 $1.5M$1.7M−$136K$453K 990 PDF
FY2021Filed with the IRS May 3, 2022 $1.3M$1.4M−$78K$589K 990 PDF
FY2020Filed with the IRS Apr 30, 2021 $1.5M$1.3M$176K$667K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,170,018 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120,214$213,572
I-9 Program service revenuePrior year $1,400,560$1,956,446
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,520,774$2,170,018
I-13 Grants and similar amounts paidPrior year $51,805$44,618
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $699,538$849,787
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $976,667$1,300,603
I-18 Total expensesPrior year $1,728,010$2,195,008
I-19 Revenue less expensesPrior year −$207,236−$24,990
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,170,018 across 10 lines filed
VIII-1e Government grants$121,869
VIII-1f All other contributions, gifts and grants$91,703
VIII-1h Total contributions, gifts and grants$213,572
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,956,446$1,956,446
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,956,446$2,170,018
Part IX · Statement of functional expenses $2,195,008 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $44,618$44,618
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $267,223 · Management $52,793 · Fundraising $5,866$325,882
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $293,047 · Management $57,895 · Fundraising $6,433$357,375
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $136,554 · Management $26,978 · Fundraising $2,998$166,530
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $21,351 · Management $4,219 · Fundraising $469$26,039
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $12,811 · Management $2,531 · Fundraising $281$15,623
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $31,662 · Management $6,255 · Fundraising $694$38,611
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $14,590 · Management $2,882 · Fundraising $320$17,792
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $3,141 · Management $69 · Fundraising $620$3,830
IX-23 InsurancePrograms $7,428 · Management $1,467 · Fundraising $163$9,058
IX-24 Other expenses (24a–d)Programs $1,173,082 · Management $2,048 · Fundraising $228$1,175,358
IX-24e All other expensesPrograms $11,719 · Management $2,316 · Fundraising $257$14,292
IX-25 Total functional expensesPrograms $2,017,226 · Management $159,453 · Fundraising $18,329$2,195,008
Part X · Balance sheet $334,247 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $216,654$196,074
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $20,286$41,095
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $58,674$56,534
X-10c Land, buildings and equipment, netStart of year $7,767$3,937
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $55,953$36,607
X-16 Total assetsStart of year $359,334$334,247
X-17 Accounts payable and accrued expensesStart of year $87,687$106,936
X-25 Other liabilitiesStart of year $25,953$6,607
X-26 Total liabilitiesStart of year $113,640$113,543
X-27 Net assets without donor restrictionsStart of year $245,694$220,704
X-32 Total net assets or fund balancesStart of year $245,694$220,704
X-33 Total liabilities and net assetsStart of year $359,334$334,247
Part XI · Reconciliation of net assets $220,704 net assets at year end
XI-1 Total revenue$2,170,018
XI-2 Total expenses$2,195,008
XI-3 Revenue less expenses−$24,990
XI-4 Net assets at start of year$245,694
XI-10 Net assets at end of year$220,704

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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