Program areas at King of Prussia Business Improvement District
Transportation: a shuttle was in operation for amazon employees to transport them from parking lots in King of Prussia to their place of employment.
Physical improvements: kop-bid develops and maintains physical Improvement projects that promote a high quality, attractive and well maintained public environment. Physical improvements was completed for 2022 at $1,542,637.
Marketing: kop-bid promotes King of Prussia as a competitive Business location, a major hospitality and tourism destination and a community of unparalleled dining and retail amenities. Marketing was completed for 2022 at $622,411.
Land use & zoning: kop-bid believes strongly in a comprehensive master plan for the future of King of Prussia. Working closely with upper merion township and montgomery county, the land use & zoning committee studies exising zoning regulations and land use patterns and engages consultants to help develop land use strategies and financial incentives to encourage quality future development and redevelopment.
Tax policy: kop-bid conducts tax policy research and studies existing tax codes in an effort to ensure that King of Prussia has a regionally competitive tax structure. All research results and recommendations are shared with upper merion township officials. The goal of the tax committee is to balance the need for municipal revenues with the desire to create an environment conducive to continued Business and economic growth.
Who funds King of Prussia Business Improvement District
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
Arkema Foundation | 2022-12 | Community Champion Donation for Children's Hospital of Philadelphia | $300 |
Personnel at King of Prussia Business Improvement District
Name | Title | Compensation | Date of data |
---|
Eric T Goldstein | President and Chief Executive Officer | $279,545 | 2023-11-14 |
Carol McCoy | Board Member | $0 | 2023-07-19 |
Lea Anne Welsh | Chair | $0 | 2023-07-19 |
Robert Hart | Secretary | $0 | 2023-07-19 |
Eric Davies | Vice Chair | $0 | 2023-07-19 |
...and 5 more key personnel |
Financials for King of Prussia Business Improvement District
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $1,291,879 | $5,012,775 | -74.2% |
Program services | $2,070,176 | $2,024,951 | 2.2% |
Investment income and dividends | $468 | $837 | -44.1% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $31,741 | $12,604 | 151.8% |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $30,539 | $0 | 999% |
Total revenues | $3,424,803 | $7,051,167 | -51.4% |
Organizations like King of Prussia Business Improvement District
Organization | Type | Location | Revenue |
---|
Neighborhood Development Center | 501(c)(3) | Saint Paul, MN | $11,058,060 |
Rio Grande Community Development | 501(c)(3) | Albuquerque, NM | $1,710,904 |
H Street Community Development Corporation (HSCDC) | 501(c)(3) | Washington, DC | $871,328 |
Southwest Michigan First Corporation | 501(c)(3) | Kalamazoo, MI | $8,034,787 |
VestedIn | 501(c)(3) | Philadelphia, PA | $1,888,461 |
Greater Auburn-Gresham Development Corporation | 501(c)(3) | Chicago, IL | $8,248,455 |
Camden Community Partnership | 501(c)(3) | Camden, NJ | $5,252,503 |
Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter | 501(c)(3) | Red Bank, NJ | $1,051,896 |
Downtown Schenectady Improvement Corporation | 501(c)(3) | Schenectady, NY | $1,516,362 |
Greater Easton Development Partnership | 501(c)(3) | Easton, PA | $3,231,235 |
Data update history
January 11, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 19, 2023
Updated personnel
Identified 11 new personnel
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 2 new personnel
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Political advocacyFundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 234 Mall Blvd 150
- King of Prussia, PA 19406
- Metro area
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- County
- Montgomery County, PA
- Website URL
- visitkop.com/Â
- Phone
- (484) 681-9452
IRS details
- EIN
- 27-3468787
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2010
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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