2024-11-13T09:17:27-06:00 2023-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2023-01-01 273468787 KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC KING 4846819452 234 MALL BOULEVARD 150 KING OF PRUSSIA PA 19406 ERIC T GOLDSTEIN PRESIDENT & CEO 4846819452 2024-11-11 1 1 CHRISTOPHER M PEKULA P00734965 2154414600 2023 2024-10-15 13:58:12Z RICHARD KUBACH 234 MALL BOULEVARD 150 KING OF PRUSSIA PA 19406 3199838 0 X WWW.VISITKOP.COM X 2010 PA KING OF PRUSSIA DISTRICT ENGAGES PUBLIC AND PRIVATE PARTNERS TO COLLABORATIVELY IMPROVE THE ECONOMIC ENVIRONMENT IN KING OF PRUSSIA BY MAKING IT MORE VIBRANT, ATTRACTIVE AND PROSPEROUS. 18 18 6 15 0 0 1291879 881476 2070176 2102317 468 47124 62280 70408 3424803 3101325 0 0 0 0 748826 796807 0 0 106602 2682432 2022813 3431258 2819620 -6455 281705 5330819 5238024 474349 99849 4856470 5138175 X KING OF PRUSSIA DISTRICT ENGAGES PUBLIC AND PRIVATE PARTNERS TO COLLABORATIVELY IMPROVE THE ECONOMIC ENVIRONMENT IN KING OF PRUSSIA BY MAKING IT MORE VIBRANT, ATTRACTIVE, AND PROSPEROUS. 0 0 1265810 1300030 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 2023 AT $1,006,376. 789194 356512 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 2023 AT $492,535. 246443 409961 TRANSPORTATION: A SHUTTLE WAS IN OPERATION FOR AMAZON EMPLOYEES TO TRANSPORT THEM FROM PARKING LOTS IN KING OF PRUSSIA TO THEIR PLACE OF EMPLOYMENT. 95481 35815 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. 95481 35815 2396928 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 PA X ERIC GOLDSTEIN EXECUTIVE DIRECTOR 4846819452 234 MALL BOULEVARD SUITE 150 KING OF PRUSSIA PA 19406 ERIC T GOLDSTEIN EXECUTIVE DIRECTOR 40.00 X 264973 0 34341 CHERYL GEBELINE-MYERS CHAIR 1.30 X X 0 0 0 ERIC DAVIES VICE CHAIR 1.30 X X 0 0 0 RICHARD KUBACH TREASURER 1.30 X X 0 0 0 ROBERT HART SECRETARY 1.30 X X 0 0 0 LEA ANNE WELSH PAST CHAIRMAN 1.30 X X 0 0 0 RON BAILEY DIRECTOR 1.30 X 0 0 0 JOHN BROWN DIRECTOR 1.30 X 0 0 0 MICHAEL BROOKSHIER DIRECTOR 1.30 X 0 0 0 AUDREY GREENBERG DIRECTOR 1.30 X 0 0 0 ANTHONY HAMADAY DIRECTOR 1.30 X 0 0 0 ANDREW HORNING DIRECTOR 1.30 X 0 0 0 PETER KARAKELIAN DIRECTOR 1.30 X 0 0 0 JOSEPH MANCUSO DIRECTOR 1.30 X 0 0 0 CAROL MCCOY DIRECTOR 1.30 X 0 0 0 DAVID MCMANUS DIRECTOR 1.30 X 0 0 0 STEVEN POWELL DIRECTOR 1.30 X 0 0 0 SUZANNE RYAN DIRECTOR 1.30 X 0 0 0 KATHY SWEENEY-POGWIST DIRECTOR 1.30 X 0 0 0 264973 0 34341 1 0 1 0 ROAD-CON INC 902 CAMARO RUN DRIVE WEST CHESTER PA 19380 CONSTRUCTION CONTRACTOR FOR LINEAR PARK 677042 1 96368 636916 148192 881476 ASSESSMENT FEES 541900 2102317 2102317 2102317 47124 47124 118921 96368 98513 20408 20408 MISCELLANEOUS INCOME 541900 50000 50000 50000 3101325 2102317 0 117532 299314 299314 374918 169636 126594 78688 79211 42783 22461 13967 43364 29453 8577 5334 3455 3455 26599 26599 3250 3250 11250 11250 26843 8488 18355 32346 25877 6469 18254 18254 158007 138007 20000 21652 21652 LANDSCAPING IMPROVEMENT 1110421 1110421 MARKETING CAMPAIGNS 154053 154053 MARKETING EVENTS 119720 119720 CONTRIBUTIONS 98211 98211 238752 200965 29174 8613 2819620 2396928 316090 106602 1813269 1635051 257901 974783 1000000 27456 12475 1345 0 151909 104230 67502 47679 2446464 2284918 5330819 5238024 384459 47157 2500 2000 87390 50692 474349 99849 X 4853606 5135311 2864 2864 4856470 5138175 5330819 5238024 281705 0 X X 0 1 X 1 0 X 1206107 8309712 5012775 1322418 881476 16732488 25468 11464 36932 1283229 1923218 2024951 2070176 2102317 9403891 2514804 10244394 7037726 3392594 2983793 26173311 0 0 0 26173311 4421 1464 837 468 47124 54314 4421 1464 837 468 47124 54314 30539 50000 80539 2519225 10245858 7038563 3423601 3080917 26308164 0.99490 0.99840 0.00210 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22369 17512 4857 15163 15163 0 114377 71555 42822 47679 CONSTRUCTION IN PROGRESS 2234226 RIGHT OF USE ASSET 50692 2284918 OPERATING LEASE LIABILITY 50692 50692 X 3199838 98513 98513 3101325 0 3101325 2918133 98513 98513 2819620 0 2819620 PART X, LINE 2: KING OF PRUSSIA DISTRICT FILES FEDERAL FORM 990 AND IS NOT REQUIRED TO FILE A FORM 990T. WITH FEW EXCEPTIONS, KING OF PRUSSIA DISTRICT IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. IT IS DIFFICULT TO PREDICT THE FINAL TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. KING OF PRUSSIA DISTRICT DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS UNCERTAIN TAX POSITIONS OVER THE NEXT 12 MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 98,513. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 98,513. KOP RESTAURANT WEEK 215289 96368 118921 98513 215289 96368 118921 98513 98513 20408 X X 0 0 0 0 0 0 0 0 0 ERIC T GOLDSTEIN EXECUTIVE DIRECTOR 239973 0 25000 0 0 0 11841 0 22500 0 299314 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE COMPOSITION IS CHAIRMAN, VICE CHAIRMAN, SECRETARY & TREASURER. ALL ARE ON THE BOARD OF DIRECTORS. ITEMS ARE DISCUSSED & VOTED UPON FIRST BY EXECUTIVE COMMITTEE, THEN A VOTE IS TAKEN BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR BY THE INDEPENDENT TAX SERVICE PROVIDER FOR REVIEW PRIOR TO FILING. THE FORM 990 IS THEN PROVIDED TO THE ENTIRE GOVERNING BOARD FOR REVIEW, PRIOR TO FILING. THE INDEPENDENT TAX SERVICE PROVIDER THEN FILES THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT & CEO WILL REVIEW PRIOR TO AUDITOR'S REVIEW. AUDITOR WILL PREPARE AND FILE WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. VERBAL NOTIFICATION AND SOLICITATION OF POTENTIAL CONFLICTS OF INTEREST AT BOARD MEETINGS INVOLVING NEW PROJECTS. FORM 990, PART VI, SECTION B, LINE 15 DONE BY REVIEW AND APPROVAL BY INDEPENDENT PERSONS. IT IS DONE FOR THE PRESIDENT & CEO. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEARS.