Overview

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Est.

1986

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Central Business District Association (EIN: 54-1384692) is a nonprofit organization focused on enhancing the urban environment of the Central Business District in Virginia Beach. With an operating budget of $624.1K and total revenue of $644.5K for the 2024 filing year, the organization is dedicated to developing public spaces, supporting local businesses, and fostering community engagement, all while ensuring a safe and clean environment. The association does not rely on a single funder for 50% or more of its revenue. For more information, visit www.cbda.net.

Mission Statement

THE CENTRAL BUSINESS DISTRICT ASSOCIATION OF VIRGINIA BEACH IS COMMITTED TO THE PURSUIT OF THE DEVELOPMENT AND IMPLEMENTATION OF A HIGH QUALITY MIXED-USE URBAN ENVIRONMENT FOR THE CENTRAL BUSINESS DISTRICT IN THE CITY OF VIRGINIA BEACH. THE MISSION OF THE ORGANIZATION WILL BE TO: 1) BUILD PUBLIC AWARENESS OF THE BENEFITS RESULTING FROM DEVELOPMENT OF THE CENTRAL BUSINESS DISTRICT AS THE CENTER FOR FINANCIAL, COMMERCIAL, PROFESSIONAL AND CULTURAL ACTIVITIES IN VIRGINIA BEACH. 2) STRENGTHEN THE VIRGINIA BEACH ECONOMIC BASE THROUGH THE EXPANSION OF EXISTING BUSINESSES IN AND THE ATTRACTION OF NEW BUSINESSES TO THE CENTRAL BUSINESS DISTRICT. 3 CREATE PUBLIC SPACES SUCH AS PARK AREAS WITHIN THE CENTRAL BUSINESS DISTRICT FOR COMMUNITY USE AND ENJOYMENT IN A SAFE AND CLEAN ENVIRONMENT. 4) CREATE NETWORKING OPPORTUNITIES FOR ITS MEMBERS TO ENHANCE THE ECONOMIC VITALITY OF ITS CONSTITUENCY 5) WORK WITH THE CITY TO SAFELY INTEGRATE ALL THE COMPONENT AREAS OF THE CENTRAL BUSINESS DISTRICT WITH EA
Revenues
$644.5K
Expenses
$624.1K
Net Income:
+$20.4K
Assets
$699.9K
Liabilities
$88.6K
Net Assets:
+$611.3K
Operating Budget
$624.1K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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J
Jeanne Evans Cox
Board Member
E
Evan Kalfus
Board Member
M
Michael B Divaris
Board Member

Frequently Asked Questions

What is CENTRAL BUSINESS DISTRICT ASSOC’s budget?
In 2024, CENTRAL BUSINESS DISTRICT ASSOC reported an annual operating budget of around $624 thousand. More detailed financial information is available to registered users.
What causes does CENTRAL BUSINESS DISTRICT ASSOC support?
CENTRAL BUSINESS DISTRICT ASSOC supports work in Parks.
Where does CENTRAL BUSINESS DISTRICT ASSOC operate?
CENTRAL BUSINESS DISTRICT ASSOC is headquartered in Virginia Beach, VA.