EIN 27-3468787

King of Prussia Business Improvement District

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2010
Most recent tax filings
2022-12-01
Description
KOP-BID improves the economic environment in King of Prussia through collaboration, zoning studies, and promoting it as a business and tourism destination.
Total revenues
$3,424,803
2022
Total expenses
$3,431,258
2022
Total assets
$5,330,819
2022
Num. employees
6
2022

Program areas at King of Prussia Business Improvement District

Transportation: a shuttle was in operation for amazon employees to transport them from parking lots in King of Prussia to their place of employment.
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 2022 at $1,542,637.
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 2022 at $622,411.
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.
Tax policy: kop-bid conducts tax policy research and studies existing tax codes in an effort to ensure that King of Prussia has a regionally competitive tax structure. All research results and recommendations are shared with upper merion township officials. The goal of the tax committee is to balance the need for municipal revenues with the desire to create an environment conducive to continued Business and economic growth.

Who funds King of Prussia Business Improvement District

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
University of Pennsylvania (Penn)Support Program Services$10,000
University of Pennsylvania (Penn)Support Program Services$10,000
Arkema FoundationCommunity Champion Donation for Children's Hospital of Philadelphia$300

Personnel at King of Prussia Business Improvement District

NameTitleCompensation
Eric T GoldsteinPresident and Chief Executive Officer$279,545
Robert HartSecretary$0
Richard KubachTreasurer$0
Eric DaviesVice Chair$0
Lea Anne WelshChair$0
...and 5 more key personnel

Financials for King of Prussia Business Improvement District

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,291,879
Program services$2,070,176
Investment income and dividends$468
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$31,741
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$30,539
Total revenues$3,424,803

Form 990s for King of Prussia Business Improvement District

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-12990View PDF
2019-122021-02-19990View PDF
2018-122019-10-28990View PDF
...and 8 more Form 990s
Data update history
January 11, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 19, 2023
Updated personnel
Identified 11 new personnel
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 2 new personnel
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Political advocacyFundraising eventsState / local levelReceives government fundingTax deductible donations
General information
Address
234 Mall Blvd 150
King of Prussia, PA 19406
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Website URL
visitkop.com/ 
Phone
(484) 681-9452
IRS details
EIN
27-3468787
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when King of Prussia Business Improvement District has new information, or want to find more organizations like King of Prussia Business Improvement District?

Create free Cause IQ account