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King Of Prussia Business Improvement District Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.42M (2022)

Expenses
$3.43M (2022)

Total Assets
$5.33M (2022)

Total Liabilities
$474k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,424,803
Expenses
$3,431,258
Net Income
-$6,455
Net Assets
$4,856,470
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,291,879
37.7%
Program Services $2,070,176
60.4%
Investment Income $468
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $31,741
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30,539
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $288,065
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $321,969
9.4%
Assets/Debt
Total Assets $5,330,819
Total Liabilities $474,349
Net Assets $4,856,470
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $279,545 $0 $8,520
Carol Mccoy (Chair) $0 $0 $0
Robert Hart (Vice Chair) $0 $0 $0
Richard Kubach (Treasurer) $0 $0 $0
Lea Anne Welsh (Secretary) $0 $0 $0
Eric Davies (Past Chairman) $0 $0 $0
Ron Bailey (Director) $0 $0 $0
John Brown (Director) $0 $0 $0
Michael Brookshier (Director) $0 $0 $0
Jeff Devuono (Director) $0 $0 $0
Cheryl Gebeline Myers (Director) $0 $0 $0
Audrey Greenberg (Director) $0 $0 $0
Anthony Hamaday (Director) $0 $0 $0
Andrew Horning (Director) $0 $0 $0
Joseph Mancuso (Director) $0 $0 $0
David Mcmanus (Director) $0 $0 $0
Steven Powell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,051,167
Expenses
$5,778,870
Net Income
$1,272,297
Net Assets
$4,862,925
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,012,775
71.1%
Program Services $2,024,951
28.7%
Investment Income $837
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,604
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $253,377
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $315,479
5.5%
Assets/Debt
Total Assets $5,201,122
Total Liabilities $338,197
Net Assets $4,862,925
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $244,650 $0 $8,727
Carol Mccoy (Chair) $0 $0 $0
Robert Hart (Vice Chair) $0 $0 $0
Richard Kubach (Treasurer) $0 $0 $0
Lea Anne Welsh (Secretary) $0 $0 $0
Eric Davies (Past Chairman) $0 $0 $0
Ron Bailey (Director) $0 $0 $0
John Brown (Director) $0 $0 $0
Michael Brookshier (Director) $0 $0 $0
Jeff Devuono (Director) $0 $0 $0
Cheryl Gebeline Myers (Director) $0 $0 $0
Audrey Greenberg (Director) $0 $0 $0
Anthony Hamaday (Director) $0 $0 $0
Andrew Horning (Director) $0 $0 $0
Joseph Mancuso (Director) $0 $0 $0
David Mcmanus (Director) $0 $0 $0
Steven Powell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,335,589
Expenses
$7,367,700
Net Income
$2,967,889
Net Assets
$3,590,628
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,309,712
80.4%
Program Services $1,934,682
18.7%
Investment Income $1,464
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $89,731
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $249,251
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $252,875
3.4%
Assets/Debt
Total Assets $4,069,747
Total Liabilities $479,119
Net Assets $3,590,628
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $233,287 $0 $15,964
Carol Mccoy (Chair) $0 $0 $0
Maureen Hansberry (Vice Chair) $0 $0 $0
Eric Davies Cpa (Treasurer) $0 $0 $0
Skip Kunda (Secretary) $0 $0 $0
Michael Brookshier (Director) $0 $0 $0
John Bown (Director) $0 $0 $0
Audrey Greenberg (Director) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Andrew Horning (Director) $0 $0 $0
Steven Powell (Director) $0 $0 $0
Lea Anne Welsh (Director) $0 $0 $0
Dennis Maloomian (Director) $0 $0 $0
Daniel J Platt (Director) $0 $0 $0
Anthony Hamaday (Director) $0 $0 $0
Robert Hart (Director) $0 $0 $0
Gary Tang (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,667,862
Expenses
$2,533,149
Net Income
$134,713
Net Assets
$622,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,206,107
45.2%
Program Services $1,308,697
49.1%
Investment Income $2,528
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $148,637
5.6%
Sales of Assets $1,893
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $221,559
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $228,081
9.0%
Assets/Debt
Total Assets $1,083,609
Total Liabilities $460,870
Net Assets $622,739
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $205,595 $0 $15,964
Jeff Devuono (Secretary) $0 $0 $0
Michael Brookshier (Director) $0 $0 $0
Kevin Lang (Director) $0 $0 $0
Andrew Horning (Director) $0 $0 $0
Skip Kunda (Director) $0 $0 $0
Carol Mccoy (Vice Chair) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Suzanne Ryan (Director) $0 $0 $0
Gary Tang (Director) $0 $0 $0
Robert Hart (Past Chair) $0 $0 $0
Adam Ms Heine (Director) $0 $0 $0
Daniel J Platt (Treasurer) $0 $0 $0
Dennis Maloomian (Director) $0 $0 $0
Eric Davies Cha (Chair) $0 $0 $0
Maureen Hansberry (Director) $0 $0 $0
Township Manager (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,578,398
Expenses
$1,588,012
Net Income
-$9,614
Net Assets
$488,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $333,181
21.1%
Program Services $1,282,474
81.3%
Investment Income $2,740
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$39,997
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $208,861
13.2%
Professional Fundraising Fees $0
Other Salaries and Wages $233,635
14.7%
Assets/Debt
Total Assets $543,582
Total Liabilities $55,556
Net Assets $488,026
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $201,100 $0 $7,761
Richard Kubach (Director) $0 $0 $0
Jeff Devuono (Secretary) $0 $0 $0
Michael Brookshier (Director) $0 $0 $0
Kevin Lang (Director) $0 $0 $0
Andrew Horning (Director) $0 $0 $0
Skip Kunda (Director) $0 $0 $0
Carol Mccoy (Vice Chair) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Suzanne Ryan (Director) $0 $0 $0
Andrew S Tod (Director) $0 $0 $0
David J Fahey (Director) $0 $0 $0
Robert Hart (Past Chairman) $0 $0 $0
Adam Ms Heine (Director) $0 $0 $0
Sally Slook (Director) $0 $0 $0
Daniel J Platt (Treasurer) $0 $0 $0
Dennis Maloomian (Director) $0 $0 $0
Eric Davies Cha (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,557,099
Expenses
$1,610,604
Net Income
-$53,505
Net Assets
$497,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $378,386
24.3%
Program Services $1,214,730
78.0%
Investment Income $1,188
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$37,205
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $209,467
13.0%
Professional Fundraising Fees $0
Other Salaries and Wages $213,518
13.3%
Assets/Debt
Total Assets $569,101
Total Liabilities $71,461
Net Assets $497,640
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $189,190 $0 $20,277
Richard Kubach (Director) $0 $0 $0
Jeff Devuono (Past Chairman) $0 $0 $0
Michael Brookshier (Director) $0 $0 $0
Kevin Lang (Secretary) $0 $0 $0
Andrew Horning (Director) $0 $0 $0
Skip Kunda (Director) $0 $0 $0
Carol Mccoy (Director) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Suzanne Ryan (Director) $0 $0 $0
Andrew S Tod (Director) $0 $0 $0
David J Fahey (Director) $0 $0 $0
Robert Hart (Chairman) $0 $0 $0
Adam Ms Heine (Director) $0 $0 $0
David Kraynik (Director) $0 $0 $0
Daniel J Platt (Treasurer) $0 $0 $0
Dennis Maloomian (Director) $0 $0 $0
Eric Davies Cha (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,643,158
Expenses
$1,673,787
Net Income
-$30,629
Net Assets
$551,145
Notable Sources of Revenue Percent of Total Revenue
Contributions $509,751
31.0%
Program Services $1,152,860
70.2%
Investment Income $1,338
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$20,791
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $361,630
21.6%
Assets/Debt
Total Assets $724,264
Total Liabilities $173,119
Net Assets $551,145
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $209,295 $0 $20,427
Richard Kubach (Director) $0 $0 $0
Jeff Devuono (Past Chairman) $0 $0 $0
Brian Mcelwee (Director) $0 $0 $0
Kevin Lang (Secretary) $0 $0 $0
Bruce Hartlein (Director) $0 $0 $0
Skip Kunda (Director) $0 $0 $0
Carol Mccoy (Director) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Suzanne Ryan (Vice Chairwoman) $0 $0 $0
Andrew S Tod (Director) $0 $0 $0
David J Fahey (Director) $0 $0 $0
Robert Hart (Chairman) $0 $0 $0
Adam Ms Heine (Director) $0 $0 $0
David Kraynik (Director) $0 $0 $0
Daniel J Platt (Director) $0 $0 $0
Dennis Maloomian (Director) $0 $0 $0
Eric Davies Cha (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,503,062
Expenses
$1,298,370
Net Income
$204,692
Net Assets
$581,774
Notable Sources of Revenue Percent of Total Revenue
Contributions $362,779
24.1%
Program Services $1,138,810
75.8%
Investment Income $1,473
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $320,255
24.7%
Assets/Debt
Total Assets $646,217
Total Liabilities $64,443
Net Assets $581,774
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $183,015 $0 $4,776
Richard Kubach (Director) $0 $0 $0
Jeff Devuono (Past Chairman) $0 $0 $0
Brian Mcelwee (Director) $0 $0 $0
Kevin Lang (Secretary) $0 $0 $0
Bruce Hartlein (Director) $0 $0 $0
Skip Kunda (Director) $0 $0 $0
Carol Mccoy (Director) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Suzanne Ryan (Vice Chairman) $0 $0 $0
Andrew S Tod (Director) $0 $0 $0
David J Fahey (Director) $0 $0 $0
Robert Hart (Chairman) $0 $0 $0
Christopher Doyle (Treasurer) $0 $0 $0
David Kraynik (Director) $0 $0 $0
Daniel J Platt (Director) $0 $0 $0
Dennis Maloomian (Director) $0 $0 $0
Eric Davies Cha (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,523,872
Expenses
$1,499,309
Net Income
$24,563
Net Assets
$377,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $400,996
26.3%
Program Services $1,121,489
73.6%
Investment Income $1,387
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $197,711
13.2%
Professional Fundraising Fees $0
Other Salaries and Wages $121,767
8.1%
Assets/Debt
Total Assets $387,159
Total Liabilities $10,077
Net Assets $377,082
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $193,077 $0 $4,637
Richard Kubach (Director) $0 $0 $0
Jeff Devuono (Chairman) $0 $0 $0
Brian Mcelwee (Director) $0 $0 $0
Kevin Lang (Director) $0 $0 $0
Clint Cochran (Director) $0 $0 $0
Bruce Hartlein (Director) $0 $0 $0
Skip Kunda (Secretary) $0 $0 $0
Carol Mccoy (Director) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Suzanne Ryan (Director) $0 $0 $0
Andrew S Tod (Vice Chairman) $0 $0 $0
David J Fahey (Director) $0 $0 $0
Robert Hart (Treasurer) $0 $0 $0
Christopher Doyle (Director) $0 $0 $0
David Kraynik (Director) $0 $0 $0
Daniel J Platt (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,300,420
Expenses
$1,182,235
Net Income
$118,185
Net Assets
$352,519
Notable Sources of Revenue Percent of Total Revenue
Contributions $184,152
14.2%
Program Services $1,103,921
84.9%
Investment Income $1,032
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $11,315
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $229,964
19.5%
Assets/Debt
Total Assets $399,079
Total Liabilities $46,560
Net Assets $352,519
Compensation
Key Employees and Officers Compensation Related Other
Eric T Goldstein (Executive Director) $150,075 $0 $18,844
Richard Kubach (Director) $0 $0 $0
Jeff Devuono (Chairman) $0 $0 $0
Brian Mcelwee (Director) $0 $0 $0
Dennis Maloomian (Director) $0 $0 $0
Clint Cochran (Director) $0 $0 $0
Bruce Hartlein (Director) $0 $0 $0
Skip Kunda (Secretary) $0 $0 $0
Carol Mccoy (Director) $0 $0 $0
Robert Henry (Director) $0 $0 $0
Suzanne Ryan (Director) $0 $0 $0
Andrew S Tod (Vice Chairman) $0 $0 $0
David J Fahey (Director) $0 $0 $0
Robert Hart (Treasurer) $0 $0 $0
Christopher Doyle (Director) $0 $0 $0
David Kraynik (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,066,804
Expenses
$937,245
Net Income
$129,559
Net Assets
$234,334
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,758
1.2%
Program Services $1,048,927
98.3%
Investment Income $1,518
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $3,601
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $171,658
18.3%
Professional Fundraising Fees $0
Other Salaries and Wages $36,745
3.9%
Assets/Debt
Total Assets $315,631
Total Liabilities $81,297
Net Assets $234,334

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,035,625
Expenses
$782,971
Net Income
$252,654
Net Assets
$104,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,750
1.4%
Program Services $1,018,540
98.4%
Investment Income $2,335
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,211
18.2%
Professional Fundraising Fees $0
Other Salaries and Wages $33,147
4.2%
Assets/Debt
Total Assets $168,285
Total Liabilities $63,510
Net Assets $104,775

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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