Dumbo District Management Association Inc

Overview

The Dumbo District Management Association Inc is a 501(c)(3) nonprofit organization located in Brooklyn, New York. It is designated for public safety, disaster preparedness, and relief purposes under its NTEE category[1]. The organization plays a significant role in promoting the Brooklyn community, particularly by advocating for infrastructure, technology, and creative growth[3].

History and Purpose

Founded to enhance the Dumbo neighborhood, the association works as a Business Improvement District (BID). These districts are public-private partnerships where local property and business owners collectively contribute to maintain, develop, and promote their commercial district[2]. The Dumbo Improvement District, associated with this nonprofit, is specifically focused on amplifying Dumbo's creative and innovative vibe.

Financial Information

As of its latest tax filing, the association's primary revenue sources include:

• Contributions: $120,214, which accounts for 7.9% of total revenue[1].
• Program Services: $1,400,560, making up 92.1% of total revenue[1].

Notable expenses include executive compensation, which totals $238,539, or 13.8% of total expenses[1].

Leadership and Compensation

The key leadership includes Alexandria Sica as Executive Director, who received compensation of approximately $247,207 as of recent data[3]. Other officers such as Peter Forman and Bruce Silverglade have received no compensation[3].

Grants and Community Support

The association provides grants to local organizations. For example, in 2023, it granted funds to the Dock Street School PTA and the PTA of PS 307k for general purposes[3]. Additionally, it has received support from entities such as New York University and the Bergen Family Foundation[3].

Ratings and Transparency

Dumbo District Management Association Inc. has a 4/4 star rating from Charity Navigator, indicating strong transparency and accountability in its operations[4].