2020-06-13T07:09:08-07:00 2019-12-31 202466693 Donna Foxman CPA 105 Foxwood Terrace Toms River NJ 08755 990 2019-01-01 223133371 Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter SPEC 7328424244 140 Broad Street Red Bank NJ 07701 Robin Fitzmaurice Treasurer 2020-06-13 true Donna Foxman CPA P01320600 7323497638 X 2019 2020-09-23 17:36:50Z Stephen Catania 140 Broad Street Red Bank NJ 07701 1045192 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. 30 30 5 200 0 55000 92500 678194 675516 2341 4184 78541 71045 814076 843245 0 0 190308 213569 0 0 684822 1097801 875130 1311370 -61054 -468125 869983 434626 527973 560741 342010 -126115 X The mission of the RiverCenter is to develop a positive unifying force, so that together this picturesque small town waterfront community will reach and become a premier cultural destination offering unique and distinctive shopping districts. false false 1197367 Business Recruitment and Retention:In addition to advertising in print, and on line, on the air, and participating in national trade shows, RiverCenter spent countless hours reaching out to prospective business owners, showing them the town, and connecting them to realtors, building owners, business owners and movers and shakers in town. We helped smooth the way for new businesses to open and for existing businesses to expand in our town. We implemented a new data management system to make us more responsive to our constituents, updated our handbook for opening and doing business in Red bank and held a job fair to help existing businesses find the workers they need to succeed. We continued to advocate for a more business-friendly environment. More details can be found in Schedule O. Capital Improvements, Design and Infrastructure: In 2019 we completed design, broke ground and completed a $1,798,975 streetscape improvement project that comprised White Street from Broad to English Plaza, all of English Plaza, portions of the White Street parking lot, and Emanuel Court. With funding from the DCA, the Borough of Red Bank, a private donor and our own coffers, we increased safety for pedestrians and motorists, improved traffic flow,connected disparate parts of downtown, added public amenities including a new pocket park,increased parking, and increased the cachet of 32 businesses that border on the project area. More details can be found in Schedule O. Marketing and Promotions: In 2019 we developed and launched a new marketing campaign and gave our businesses the tools and training to incorporate its essence, look and feel into their own print and social media efforts. We managed and marketed our Red Bank gift card program, selling cards valued at $27,755, of which more than $19,000 was redeemed at our shops, restaurants and arts venues in 2019. We developed a Red Bank tourist map highlighting our businesses. This has been distributed through our own businesses, hotels, and theaters and by hotels and realtors in our outlying areas. Throughout the year we mounted promotional events to increase foot traffic in town and to further Red Bank's reputation as a cultural hub. More details can be found in Schedule O. 1197367 true true 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 12 0 true 5 true false false false false false false false 0 false false false false false false false X 30 30 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 James Scavone Exec. Director 40.00 0.00 80330 0 0 Ingeborg Perndorfer Vice Chair 2.00 0.00 X X 0 0 0 Leo Zeik Director 2.00 0.00 X 0 0 0 Stephen Catania Chairman 2.00 0.00 X X 0 0 0 Robin Fitzmaurice Treasurer 2.00 0.00 X X 0 0 0 Valerie Aufiero Director 2.00 0.00 X 0 0 0 Kelli O'Brien Director 2.00 0.00 X 0 0 0 Ned Gaunt 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 Art Murphy Director 2.00 0.00 X 0 0 0 Jennifer Eckhoff Director 2.00 0.00 X 0 0 0 Amy Russo Director 2.00 0.00 X 0 0 0 Lauren Nicosia 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 Amanda Cheslock Director 2.00 0.00 X 0 0 0 Ziad Shehady Director 2.00 0.00 X 0 0 0 Lauren Dezzi Director 2.00 0.00 X 0 0 0 Kevin Barry Director 2.00 0.00 X 0 0 0 Christine Trabattoni 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 Director 2.00 0.00 X 0 0 0 Edward McKenna Director 2.00 0.00 X 0 0 0 Teresa Staub Director 2.00 0.00 X 0 0 0 Ed Zipprich Councilman 2.00 0.00 X 0 0 0 Matthew Wassel Director 2.00 0.00 X 0 0 0 80330 0 false false false 0 13000 79500 92500 Programs & events 137396 137396 Red Bank assessment 538120 538120 675516 4184 4184 0 0 0 0 272992 201947 71045 0 0 0 843245 675516 4184 0 0 0 0 80330 48198 32132 0 116994 70196 46798 0 0 16245 9747 6498 0 0 4750 2375 2375 0 0 0 0 104027 104027 17653 10592 7061 0 0 33000 23100 9900 0 0 0 0 0 5130 3078 2052 6616 4156 2460 Reserve expenses 552697 552697 Program & event costs 138833 138833 Infrastructure/design 80713 80713 Visitors Center 50000 50000 104382 99655 4727 1311370 1197367 114003 0 802243 338166 0 0 28051 54556 0 0 0 0 25939 31985 88644 78725 13750 9919 0 0 0 0 0 869983 434626 25705 60741 502268 500000 527973 560741 X 342010 -126115 342010 -126115 869983 434626 -468125 X false true X true false X 70714 27000 25900 55000 92500 271114 512120 512120 512120 532120 538120 2606600 0 582834 539120 538020 587120 630620 2877714 0 2877714 792 504 313 2341 4184 8134 0 0 2885848 0.99720 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75000 66250 8750 13644 12475 1169 9919 1045192 201947 201947 843245 843245 1513317 201947 201947 1311370 1311370 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Fundraising reported at gross $201947 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraising reported at gross $201947 X X X X X false Oyster Fest 162947 162947 132066 Food Festival 110045 110045 69881 272992 272992 201947 201947 71045 Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Red Bank RiverCenter 2019 Activities and Accomplishments:In 2019 Red Bank RiverCenter (the Special Improvement District for the Borough of Red Bank, NJ)advanced its mission to cultivate and promote a thriving economic environment in downtown Red Bank. To further this, we began implementation of the five-year strategic plan developed in 2018. 2019 activities included review and re-organization of our board committee structure and creation of new advisory councils focused on targeted segments of Red Bank's business sector; review and revision of our by-laws; and collaboration with the Borough of Red Bank to secure NJ State Transit Village status for Red Bank.We continued our multi-pronged approach that employs programs in business recruitment and retention, marketing and promotions, design and infrastructure, and community support.Business Recruitment and Retention:RiverCenter spent countless hours reaching out to prospective business owners, showing them the town. If their opening involved construction and/or renovation of their space, our member architects, designers and developers met with them to help ensure their proposals met local guidelines and to assist them in navigating the permitting process for construction and/or change of use. Our staff and board members attended hearings to support applications for new businesses and for expanding businesses. We helped train a spotlight on new businesses by promoting and helping them to mount effective grand opening celebrations.Marketing & Promotions: Using a multi-modal approach, we marketed the Red Bank business district to our own residents, neighboring communities and counties, statewide, and into the tristate region including New York City and Philadelphia. We have updated and distributed the Red Bank Dining Guide through our businesses, hotels, theaters, realtors, and through the Red Bank gift card program. We spearheaded promotional events that brought tens of thousands of people into town and introduced them to our restaurants, retailers and service providers. These included: Sunday in the Park with the NJ Symphony, Annual Sidewalk Sale, Streetlife live music and arts program, Guinness Oyster Festival, and a full complement of holiday events including a Santa Express train ride, Holiday Express Concert, town and tree lighting, free horse and wagon rides, and weekly entertainment by carolers and musicians. We initiated a new holiday event, "Winter on Broad" in which we put an ice skating rink in the middle of Broad Street in the heart of our shopping district. Held on a Sunday in December, the event attracted hundreds of families with kids who then stayed in town to shop and dine.Design & Infrastructure: In tandem with the streetscape improvement project, we secured a $13,000 grant from the NJ DCA's Main Street New Jersey, and commissioned a pair of murals for a gateway location in the project area. This project was begun in June and completed in November. We reviewed and commented on more than 50 construction proposals and worked with business owners and the borough to ensure facades and signage met guidelines. Community Support: In 2019, RiverCenter distributed more than $20,000 in cash donations and Red Bank Gift Cards to local charities. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Member businesses attend board meetings. They can vote on issues and elect board members and officers. 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.