EIN 22-3133371

Special Improvement District Borough of Red Bank Inc Red Bank Rivercenter

IRS 501(c) type
501(c)(3)
Num. employees
8
Year formed
1991
Most recent tax filings
2021-12-01
Description
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 within ea...
Also known as...
Special Improvement District Borough of Redbank; Red Bank Rivercenter
Total revenues
$734,645
2021
Total expenses
$589,448
2021
Total assets
$535,503
2021
Num. employees
8
2021

Program areas at Special Improvement District Borough of Red Bank Inc Red Bank Rivercenter

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.
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.
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.

Personnel at Special Improvement District Borough of Red Bank Inc Red Bank Rivercenter

NameTitleCompensation
Robin FitzmauriceTreasurer$0
Ingeborg PerndorferVice Chair / Director$0
Mary DemontSecretary$0
Stephen CataniaChairman$0
Tom FishkinVice - Chair$0
...and 1 more key personnel

Financials for Special Improvement District Borough of Red Bank Inc Red Bank Rivercenter

RevenuesFYE 12/2021
Total grants, contributions, etc.$39,974
Program services$643,529
Investment income and dividends$420
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$50,722
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$734,645

Form 990s for Special Improvement District Borough of Red Bank Inc Red Bank Rivercenter

Fiscal year endingDate received by IRSFormPDF link
2020-122021-07-11990View PDF
2019-122020-09-25990View PDF
2018-122019-07-26990View PDF
2017-122018-07-18990View PDF
2016-122017-09-06990View PDF
...and 6 more Form 990s

Organizations like Special Improvement District Borough of Red Bank Inc Red Bank Rivercenter

OrganizationLocationRevenue
KnoxHartford, CT$1,697,399
The Defiance Community Cultural CouncilDefiance, OH$381,561
Venture LititzLititz, PA$222,752
Newbo City MarketCedar Rapids, IA$819,874
SPRINGFIELD CULTURAL PARTNERSHIP INC Attn Karen FinnSpringfield, MA$335,208
Downtown Oregon City AssociationOregon City, OR$381,932
Downtown PKBParkersburg, WV$224,448
Harrisonburg Downtown RenaissanceHarrisonburg, VA$609,048
Ithaca Downtown Business Improv DistrictIthaca, NY$1,349,943
Dyersville IndustriesDyersville, IA$907,290
Data update history
August 2, 2022
Received grants
Identified 1 new grant, including a grant for $1,000 from Oceanfirst Foundation
May 23, 2022
Posted financials
Added Form 990 for fiscal year 2020
May 23, 2022
Posted financials
Added Form 990 for fiscal year 2019
May 23, 2022
Used new vendors
Identified 1 new vendor, including
October 30, 2020
Updated personnel
Identified 8 new personnel
Nonprofit Types
Business and community development organizationsMuseumsCharities
Issues
Community improvementEconomic development
Characteristics
Fundraising eventsState / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
140 Broad St 2
Red Bank, NJ 07701
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
redbank.org/ 
Phone
(732) 842-4244
IRS details
EIN
22-3133371
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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