2022-11-14T16:08:16-08:00 2021-12-31 202466693 Donna Foxman CPA 105 Foxwood Terrace Toms River NJ 08755 990 2021-01-01 223133371 Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter SPEC 7328424244 140 Broad Street 2 Red Bank NJ 07701 Stephen Catania Director 2022-11-14 true Stephen Catania 999009999 Donna Foxman CPA P01320600 7323497638 X 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Stephen Catania 140 Broad Street 2 Red Bank NJ 07701 819959 false X www.RedBank.org X 1991 NJ Red Bank RiverCenter is the management organization for the entire downtown business district. It manages business recruitment, promotional events and capital projects in addition to business assistance and work with the Borough of Red Bank. 25 25 8 0 86001 39974 615234 643529 3259 420 50722 704494 734645 0 0 184613 204833 0 0 621371 384615 805984 589448 -101490 145197 488801 535503 716406 617911 -227605 -82408 X RiverCenter's mission is to cultivate and promote a thriving economic environment in downtown Red Bank. RiverCenter employs programs in business recruitment, marketing and promotions, design, development management and capital improvement. false false 454274 Business Recruitment and Retention:In addition to advertising in print and on line, RiverCenter spent countless hours connecting potential Red Bank businesses with our local realtors, building owners, business owners and other movers and shakers in town. Despite the impact of the pandemic and a number of vacancies it brought, others saw 2021 as an opportunity to start up in a vibrant town and we helped smooth their way. We provided timely information about rapidly changing restrictions on their operations as well as available aid. Finally, as in 2020, we worked with local authorities to enable restaurants and retailers to expand their businesses outdoors, maximizing their trade while still observing all safety regulations. See more details in Schedule O. Capital Improvements, Design and Infrastructure: In 2021 RiverCenter focused on design elements that helped businesses in our downtown to continue to serve their customers in compliance with social distancing restrictions due to the ongoing COVID-19 pandemic. We provided attractive signage to create to create special curbside pickup zones when needed,lighting for outdoor dining pavilions in our downtown streets, and ran our summer horticulture program, which fills the town with colorful potted plants and hanging baskets. During the winter we festooned the town with holiday lights and secured a 40 foot tree from a local donor and placed it in Riverside Gardens Park. More details can be found in Schedule O. Marketing and Promotions: The ongoing pandemic required us to reinvent the way we promoted our businesses. During the first quarter, before vaccines were widely available and businesses could serve only limited customers indoors, we focused on reminding or usual patrons that we were still here and that our many restaurants were offering online orders and contactless, curbside pickup. We repeated our successful "Date Night In" program that offered curated packages of food, flowers, candles and other amenities on Friday nights. This enabled "non-essential" businesses to sell their wares along with takeout meals offered by restaurants who were permitted to be open. Later in the year, when things opened up a bit, we began to promote Red Bank as a great place for a day trip to enjoy a meal outdoors in a safe environment. The message was shop local, shop small.More details can be found in Schedule O. 454274 true false false false false false false false false false true false false false false false true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 9 0 true 8 true false false false false false false false 0 false false false false false false false X 25 25 false false false false true true true true true false false true true true true true true true true false NJ X X X corporation 7328424244 140 Broad Street Red Bank NJ 07701 X Laura Kirkpatrick Exec. Director 40.00 0.00 34226 0 0 Glenn Carter Executive Director 40.00 0.00 31392 0 0 Ingeborg Perndorfer Director 2.00 0.00 X 0 0 0 Kevin Barry Director 2.00 0.00 X 0 0 0 Stephen Catania Director 2.00 0.00 X 0 0 0 Ted Breitowitz Director 2.00 0.00 X 0 0 0 Louis Andrianos Director 2.00 0.00 X 0 0 0 Ben Forest Director 2.00 0.00 X 0 0 0 Sean Gilbert Director 2.00 0.00 X 0 0 0 Mary DeMont Secretary 2.00 0.00 X X 0 0 0 Michael DeSimone Director 2.00 0.00 X 0 0 0 Angela Courtney Director 2.00 0.00 X 0 0 0 Jay Herman Director 2.00 0.00 X 0 0 0 Sheila Hintze Director 2.00 0.00 X 0 0 0 Anthony Barbero Director 2.00 0.00 X 0 0 0 Amy Russo Director 2.00 0.00 X 0 0 0 Ayca User Director 2.00 0.00 X 0 0 0 Steve Raciti Director 2.00 0.00 X 0 0 0 Courtney Schroeder Director 2.00 0.00 X 0 0 0 Cassie Murphy Director 2.00 0.00 X 0 0 0 Samantha Bowers-Crader Chairman 2.00 0.00 X X 0 0 0 Lauren Dezzi Treasurer 2.00 0.00 X X 0 0 0 Hazim Yassin Director 2.00 0.00 X 0 0 0 Carl DeAngelis Director 2.00 0.00 X 0 0 0 Eric Horowitz Director 2.00 0.00 X 0 0 0 Adam Phillipson Vice Chair 2.00 0.00 X X 0 0 0 Edward McKenna Director 2.00 0.00 X 0 0 0 65618 0 false false false 0 39974 39974 Programs & events 78559 78559 Red Bank assessment 564970 564970 643529 420 420 0 0 0 0 136036 85314 50722 0 0 0 734645 643529 420 X 0 0 0 0 65618 32809 32809 0 126016 70709 55307 0 0 13199 7148 6051 0 0 4900 2450 2450 0 0 0 0 72666 72666 11632 6979 4653 0 0 36000 25200 10800 0 0 0 2272 2272 0 4635 4635 10274 7786 2488 Holiday decorations & events 76776 76776 Visitors Center 50000 50000 COVID-19 expenses 29877 29877 Horticulture 23771 23771 61812 48103 13709 589448 454274 135174 0 194159 253340 257200 257620 0 9665 2870 0 0 0 0 21121 17832 80337 76496 6656 3841 0 0 0 0 0 488801 535503 69739 21539 646667 596372 716406 617911 X -227605 -82408 -227605 -82408 488801 535503 145197 X false true X true false X 25900 55000 92500 86001 39974 299375 512120 532120 538120 564970 564970 2712300 0 538020 587120 630620 650971 604944 3011675 0 3011675 313 2341 4184 3259 420 10517 0 0 3022192 0.99650 0.99640 X 75000 75000 5337 1496 3841 3841 819959 85314 85314 734645 734645 674762 85314 85314 589448 589448 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Fundraising reported at gross $85314 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraising costs netted with revenue $85314 X X X false Oyster Fest 136036 136036 85314 136036 136036 85314 85314 50722 Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Marketing and Promotions: The ongoing pandemic required us to reinvent the way we promoted our businesses. During the first quarter, before vaccines were widely available and businesses could serve only limited customers indoors, we focused on reminding or usual patrons that we were still here and that our many restaurants were offering online orders and contactless, curbside pickup. We repeated our successful "Date Night In" program that offered curated packages of food, flowers, candles and other amenities on Friday nights. This enabled "non-essential" businesses to sell their wares along with takeout meals offered by restaurants who were permitted to be open. Later in the year, when things opened up a bit, we began to promote Red Bank as a great place for a day trip to enjoy a meal outdoors in a safe environment. The message was shop local, shop small.More details can be found in Schedule O. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Commercial property owners in the Special Improvement District elect their Board of Directors by a ballot that is mailed to them annually. Officers are then elected at the next board meeting. Form 990, Part VI, Line 11b: Form 990 Review Process The executive committee meets twice a month and the board meets quarterly. The form 990 is reviewed by the treasurer and then brought to the board for discussion and approval. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All board members have a copy of the Center's conflict of interest policies. Any issues are brought to the executive committee, then to the board. Issues are resolved at the board meetings. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The board compares information obtained from similar organizations in comparable size towns. The information is used by the executive committee when preparing the annual budget. The budget is approved by the board annually. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Information is provided upon request. Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Bad debt expense: Column (A) - Total = $5855; Column (B) - Program Services = $0; Column (C) - Management & General = $5855; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Bank & credit card fees: Column (A) - Total = $2701; Column (B) - Program Services = $2431; Column (C) - Management & General = $270; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Board communications: Column (A) - Total = $1024; Column (B) - Program Services = $0; Column (C) - Management & General = $1024; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Business recruitment: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Community outreach: Column (A) - Total = $8564; Column (B) - Program Services = $8564; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Dues & subscriptions: Column (A) - Total = $2786; Column (B) - Program Services = $1393; Column (C) - Management & General = $1393; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Licenses & fees: Column (A) - Total = $333; Column (B) - Program Services = $0; Column (C) - Management & General = $333; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Miscellaneous: Column (A) - Total = $1469; Column (B) - Program Services = $0; Column (C) - Management & General = $1469; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Payroll services fees: Column (A) - Total = $840; Column (B) - Program Services = $403; Column (C) - Management & General = $437; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Postage and Shipping: Column (A) - Total = $655; Column (B) - Program Services = $393; Column (C) - Management & General = $262; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Professional development: Column (A) - Total = $276; Column (B) - Program Services = $0; Column (C) - Management & General = $276; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Program & event costs: Column (A) - Total = $15956; Column (B) - Program Services = $15956; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Reserve expenses: Column (A) - Total = $1979; Column (B) - Program Services = $1979; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Sidewalk maintenance: Column (A) - Total = $486; Column (B) - Program Services = $486; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Telephone: Column (A) - Total = $4368; Column (B) - Program Services = $3058; Column (C) - Management & General = $1310; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Utilities: Column (A) - Total = $3600; Column (B) - Program Services = $2520; Column (C) - Management & General = $1080; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Website: Column (A) - Total = $10920; Column (B) - Program Services = $10920; Column (C) - Management & General = $0; Column (D) - Fundraising = $0