2025-05-08T15:38:57-05:00 2024-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2024-01-01 273468787 KING OF PRUSSIA BUSINESS IMPROVEMENT DISTRICT INC KING 4846819452 234 MALL BOULEVARD 150 KING OF PRUSSIA PA 19406 ERIC T GOLDSTEIN PRESIDENT & CEO 4846819452 2025-05-07 1 1 BRAD FREDERICK P00686625 2154414600 2024 2025-03-06 01:10:19Z RICHARD KUBACH 234 MALL BOULEVARD 150 KING OF PRUSSIA PA 19406 2907392 0 X WWW.VISITKOP.COM X 2010 PA 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. 18 18 7 15 0 0 881476 702011 2102317 2104455 47124 64982 70408 35944 3101325 2907392 0 0 0 0 796807 875944 0 0 105097 2022813 2197648 2819620 3073592 281705 -166200 5238024 5515843 99849 543868 5138175 4971975 X 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. 0 1 1101330 1301352 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 2024 AT $491,802. 1120961 356874 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 2024 AT $210,209. 161476 410378 TRANSPORTATION: A SHUTTLE WAS IN OPERATION FOR AMAZON EMPLOYEES TO TRANSPORT THEM FROM PARKING LOTS IN KING OF PRUSSIA TO THEIR PLACE OF EMPLOYMENT. 216827 35851 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. 216827 35851 2600594 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 PA X ERIC GOLDSTEIN EXECUTIVE DIRECTOR 4846819452 234 MALL BOULEVARD SUITE 150 KING OF PRUSSIA PA 19406 CHERYL GEBELINE-MYERS CHAIR 1.30 X X 0 0 0 ERIC DAVIES VICE CHAIR 1.30 X X 0 0 0 RICHARD KUBACH TREASURER 1.30 X X 0 0 0 ROBERT HART SECRETARY 1.30 X X 0 0 0 LEA ANNE WELSH PAST CHAIRMAN 1.30 X X 0 0 0 RON BAILEY DIRECTOR 1.30 X 0 0 0 JOHN BROWN DIRECTOR 1.30 X 0 0 0 MICHAEL BROOKSHIER DIRECTOR 1.30 X 0 0 0 AUDREY GREENBERG DIRECTOR 1.30 X 0 0 0 ANTHONY HAMADAY DIRECTOR 1.30 X 0 0 0 ANDREW HORNING DIRECTOR 1.30 X 0 0 0 PETER KARAKELIAN DIRECTOR 1.30 X 0 0 0 JOSEPH MANCUSO DIRECTOR 1.30 X 0 0 0 CAROL MCCOY DIRECTOR 1.30 X 0 0 0 DAVID MCMANUS DIRECTOR 1.30 X 0 0 0 STEVEN POWELL DIRECTOR 1.30 X 0 0 0 SUZANNE RYAN DIRECTOR 1.30 X 0 0 0 KATHY SWEENEY-POGWIST DIRECTOR 1.30 X 0 0 0 ERIC T GOLDSTEIN EXECUTIVE DIRECTOR 40.00 X 295700 0 29260 RACHEL AMMON DIRECTOR MARKETING AND COMMUNICATIONS 40.00 X 124312 0 10031 420012 0 39291 2 0 1 0 VINE PUBLIC RELATIONS 723 CLOVELLY LANE DEVON PA 19333 PUBLIC RELATIONS FIRM FOR MARKETING 363365 AGILECAT 1818 MARKET STREET SUITE 220 PHILADELPHIA PA 19103 PUBLIC RELATIONS FIRM FOR MARKETING 124200 2 120652 450000 131359 702011 ASSESSMENT FEES 541900 2104455 2104455 2104455 64982 64982 0 120652 0 0 MISCELLANEOUS INCOME 541900 35944 35944 35944 2907392 2104455 0 100926 X 324960 324960 412878 186430 141432 85016 89117 51286 23628 14203 48989 33333 9778 5878 28510 28510 25841 25841 4816 4816 10295 10295 31932 9753 22179 61950 49840 12110 12855 12855 170404 150404 20000 24948 24948 LANDSCAPING IMPROVEMENT 673084 673084 MARKETING CONTRACTED SE 204928 204928 MARKETING BDF 176763 176763 MARKETING CAMPAIGNS 172643 172643 598679 567170 31509 3073592 2600594 367901 105097 1635051 2338058 257901 267987 1000000 225000 12475 9464 3750 2853468 642194 47679 2211274 2284918 460310 5238024 5515843 47157 69710 2000 0 50692 474158 99849 543868 X 5135311 4969111 2864 2864 5138175 4971975 5238024 5515843 -166200 0 X X 0 1 X 1 0 X 8309712 5012775 1322418 881476 702011 16228392 11464 11464 1923218 2024951 2070176 2102317 2104455 10225117 10244394 7037726 3392594 2983793 2806466 26464973 0 0 0 26464973 1464 837 468 47124 64982 114875 1464 837 468 47124 64982 114875 30539 50000 35944 116483 10245858 7038563 3423601 3080917 2907392 26696331 0.99130 0.99490 0.00430 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2691398 527363 2164035 47693 20597 27096 114377 94234 20143 2211274 RIGHT OF USE ASSET 460310 460310 OPERATING LEASE LIABILITY 474158 474158 X 2978042 70650 70650 2907392 0 2907392 3144242 70650 70650 3073592 0 3073592 PART X, LINE 2: KING OF PRUSSIA DISTRICT FILES FEDERAL FORM 990 AND IS NOT REQUIRED TO FILE A FORM 990T. WITH FEW EXCEPTIONS, KING OF PRUSSIA DISTRICT IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. IT IS DIFFICULT TO PREDICT THE FINAL TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. KING OF PRUSSIA DISTRICT DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS UNCERTAIN TAX POSITIONS OVER THE NEXT 12 MONTHS. KOP RESTAURANT WEEK 65824 65824 ANNUAL FOOD DRIVE 48237 48237 6591 6591 120652 120652 X X 0 0 0 0 0 0 0 0 0 ERIC T GOLDSTEIN EXECUTIVE DIRECTOR 270700 0 25000 0 0 0 23000 0 6260 0 324960 0 0 0 FORM 990, PART III, LINE 3 OUR TAX POLICY NAME WAS CHANGED TO RESEARCH & DATA ANALYTICS. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE COMPOSITION IS CHAIRMAN, VICE CHAIRMAN, SECRETARY & TREASURER. ALL ARE ON THE BOARD OF DIRECTORS. ITEMS ARE DISCUSSED & VOTED UPON FIRST BY EXECUTIVE COMMITTEE, THEN A VOTE IS TAKEN BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR BY THE INDEPENDENT TAX SERVICE PROVIDER FOR REVIEW PRIOR TO FILING. THE FORM 990 IS THEN PROVIDED TO THE ENTIRE GOVERNING BOARD FOR REVIEW, PRIOR TO FILING. THE INDEPENDENT TAX SERVICE PROVIDER THEN FILES THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT & CEO WILL REVIEW PRIOR TO AUDITOR'S REVIEW. AUDITOR WILL PREPARE AND FILE WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. VERBAL NOTIFICATION AND SOLICITATION OF POTENTIAL CONFLICTS OF INTEREST AT BOARD MEETINGS INVOLVING NEW PROJECTS. FORM 990, PART VI, SECTION B, LINE 15 DONE BY REVIEW AND APPROVAL BY INDEPENDENT PERSONS. IT IS DONE FOR THE PRESIDENT & CEO. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E MARKETING EVENTS: PROGRAM SERVICE EXPENSES 140,659. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,659. BANNNERS AND SIGNS: PROGRAM SERVICE EXPENSES 135,548. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,548. CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 82,858. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 82,858. TRANSPORTATION BDF: PROGRAM SERVICE EXPENSES 45,039. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,039. RESEARCH AND DATA ANALYTICS: PROGRAM SERVICE EXPENSES 40,299. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,299. ADVERTISING AND COLLATERAL: PROGRAM SERVICE EXPENSES 35,413. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,413. BUSINESS EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 31,509. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,509. LAND USE AND ZONING STUDY: PROGRAM SERVICE EXPENSES 26,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,000. PHYSICAL IMPROVEMENT BDF: PROGRAM SERVICE EXPENSES 25,966. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,966. TRANSPORTATION PROJECTS: PROGRAM SERVICE EXPENSES 21,860. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,860. WEBSITE DEVELOPMENT/MAINTENANCE: PROGRAM SERVICE EXPENSES 13,528. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,528. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEARS.