Nonprofit · EIN 27-3468787
KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC
Tax-exempt · KNG OF PRUSSA, PA 19406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,629,950 | $2,432,325 | $197,625 | $5,728,971 | $559,371 | $5,169,600 |
| December 31, 2024 | 990 | $2,907,392 | $3,073,592 | -$166,200 | $5,515,843 | $543,868 | $4,971,975 |
| December 31, 2023 | 990 | $3,101,325 | $2,819,620 | $281,705 | $5,238,024 | $99,849 | $5,138,175 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $131,704
- of which government grants
- $22,745
- Program service revenue
- $2,416,702
- Investment income
- $79,269
- Other revenue
- $2,275
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $352,719
- Other salaries and wages
- $478,492
- Salaries, compensation and benefits (total)
- $980,745
- Professional fundraising fees
- $0
- Legal fees
- $15,499
- Accounting fees
- $24,846
- Occupancy
- $71,817
- Travel
- $18,053
- Depreciation
- $156,186
- Program services (functional)
- $1,973,376
- Management and general (functional)
- $337,330
- Fundraising (functional)
- $121,619
Balance sheet and other
- Total assets, start of year
- $5,515,843
- Total assets, end of year
- $5,728,971
- Total liabilities, end of year
- $559,371
- Net assets, end of year
- $5,169,600
- Land, buildings and equipment
- $2,424,689
- Net assets without donor restrictions
- $5,166,736
- Net assets with donor restrictions
- $2,864
- Gross receipts
- $2,629,950
- Employees
- 9
- Volunteers
- 15
- Year formed
- 2010
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC T GOLDSTEIN | PRESIDENT & CEO Officer | 40 | $321,554 | $31,165 |
| RACHEL AMMON | DIRECTOR MARKETING AND COM Highest-paid employee | 40 | $133,322 | $10,332 |
| CHERYL GEBELINE-MYERS | CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| ERIC DAVIES | VICE CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| RICHARD KUBACH | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| ROBERT HART | SECRETARY Trustee or director, Officer | 1.3 | $0 | $0 |
| LEA ANNE WELSH | PAST CHAIRMAN Trustee or director, Officer | 1.3 | $0 | $0 |
| JOHN BOWN | TREASURER Trustee or director, Officer | 1.3 | $0 | $0 |
| ANTHONY HAMADAY | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| ANDREW HORNING | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| PETER KARAKELIAN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| DAVID MCMANUS | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| STEVEN POWELL | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| SUZANNE RYAN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| KATHY SWEENEY-POGWIST | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEXANDREA AMERINE | DIRECTOR Trustee or director | 1.3 | $0 |
| MARTHA MORALES | DIRECTOR Trustee or director | 1.3 | $0 |
| JAMES SAVARD | DIRECTOR Trustee or director | 1.3 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC T GOLDSTEIN | EXECUTIVE DIRECTOR Key employee | 40 | $295,700 | $29,260 |
| RACHEL AMMON | DIRECTOR MARKETING AND COMMUNICATIONS Highest-paid employee | 40 | $124,312 | $10,031 |
| CHERYL GEBELINE-MYERS | CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| ERIC DAVIES | VICE CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| RICHARD KUBACH | TREASURER Trustee or director, Officer | 1.3 | $0 | $0 |
| ROBERT HART | SECRETARY Trustee or director, Officer | 1.3 | $0 | $0 |
| LEA ANNE WELSH | PAST CHAIRMAN Trustee or director, Officer | 1.3 | $0 | $0 |
| RON BAILEY | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| JOHN BROWN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| MICHAEL BROOKSHIER | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| AUDREY GREENBERG | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| ANTHONY HAMADAY | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| ANDREW HORNING | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| PETER KARAKELIAN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| JOSEPH MANCUSO | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| CAROL MCCOY | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| DAVID MCMANUS | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| STEVEN POWELL | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| SUZANNE RYAN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| KATHY SWEENEY-POGWIST | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC T GOLDSTEIN | EXECUTIVE DIRECTOR Trustee or director | 40 | $264,973 | $34,341 |
| CHERYL GEBELINE-MYERS | CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| ERIC DAVIES | VICE CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| RICHARD KUBACH | TREASURER Trustee or director, Officer | 1.3 | $0 | $0 |
| ROBERT HART | SECRETARY Trustee or director, Officer | 1.3 | $0 | $0 |
| LEA ANNE WELSH | PAST CHAIRMAN Trustee or director, Officer | 1.3 | $0 | $0 |
| RON BAILEY | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| JOHN BROWN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| MICHAEL BROOKSHIER | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| AUDREY GREENBERG | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| ANTHONY HAMADAY | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| ANDREW HORNING | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| PETER KARAKELIAN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| JOSEPH MANCUSO | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| CAROL MCCOY | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| DAVID MCMANUS | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| STEVEN POWELL | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| SUZANNE RYAN | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
| KATHY SWEENEY-POGWIST | DIRECTOR Trustee or director | 1.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 234 MALL BLVD STE 150, KNG OF PRUSSA, PA 19406-2954
- In care of
- % RICHARD KUBACH JR
- Principal officer (990 for 2025)
- JOHN BOWN, 234 MALL BOULEVARD 150, KING OF PRUSSIA, PA 19406
- Signed the 990
- JOHN BOWN, TREASURER
- Phone
- (484) 681-9452
- Website
- WWW.VISITKOP.COM
- Return prepared by
- KREISCHER MILLER
Mission
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.
Program accomplishments
- PHYSICAL IMPROVEMENTS: FROM SIGNAGE TO LANDSCAPED MEDIANS ALONG SOME OF KING OF PRUSSIA'S MOST VISIBLE AND HIGHLY-TRAVELED CORRIDORS, KING OF PRUSSIA DISTRICT MANAGES DESIGN, CONSTRUCTION AND MAINTENANCE OF LANDSCAPES THAT ENHANCE KOP'S PUBLIC SPACES.Expenses $507,382 · revenue $621,367
- MARKETING: COMMITTED TO KEEPING KING OF PRUSSIA IN THE SPOTLIGHT AND STRENGTHENING ITS REPUTATION AS A LEADING HUB FOR BUSINESS, COMMUNITY AND COMMERCE, KING OF PRUSSIA DISTRICT EXECUTES DYNAMIC MARKETING AND ADVERTISING CAMPAIGNS WHILE PRODUCING AWARD-WINNING EVENTS AND ACTIVATIONS THROUGHOUT THE YEAR.Expenses $1,014,240 · revenue $1,242,093
- TRANSPORTATION: KING OF PRUSSIA DISTRICT IS DEDICATED TO MAKING LIFE FLOW IN KOP, EFFECTING GAME-CHANGING TRANSPORTATION SOLUTIONS THAT ENHANCE VEHICULAR, PEDESTRIAN, BICYCLE AND PUBLIC TRANSPORTATION ACCESS.Expenses $244,671 · revenue $299,637
- LAND USE & ZONING: KING OF PRUSSIA DISTRICT WORKS CLOSELY WITH THE TOWNSHIP AND COUNTY TO DEVELOP STRATEGIES FOR A COMPREHENSIVE AND COHESIVE FORWARD-THINKING VISION FOR KOP'S FUTURE.Expenses $59,491 · revenue $72,856
- RESEARCH & DATA ANALYTICS: KING OF PRUSSIA DISTRICT CONDUCTS DATA-DRIVEN RESEARCH TO ANALYZE PERFORMANCE OF THE KING OF PRUSSIA MARKET, INFORM THOUGHTFUL CHANGE AND KEEP KOP'S TRANSFORMATION TOP OF MIND FOR STAKEHOLDERS, ELECTED OFFICIALS, DEVELOPERS, INVESTORS AND THE GENERAL PUBLIC.Expenses $147,592 · revenue $180,749
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3468787
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $5,728,971
- Income (IRS master file)
- $2,629,950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,629,950 | $2,432,325 | $5,728,971 | XML |
| 990 | December 2024 | $2,907,392 | $3,073,592 | $5,515,843 | IRS |
| 990 | December 2023 | $3,101,325 | $2,819,620 | $5,238,024 | XML |
| 990 | December 2022 | $3,424,803 | $3,431,258 | $5,330,819 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3468787).
Questions about KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC
- What is the EIN of KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC?
- The employer identification number (EIN) of KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC is 27-3468787.
- Is KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended December 31, 2025 names JOHN BOWN.
- Who are the officers and directors of KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 2 received compensation from the organization, the highest $321,554 (ERIC T GOLDSTEIN, PRESIDENT & CEO).
- How much revenue does KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,629,950, expenses of $2,432,325 and total assets of $5,728,971 at year end.
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