Public Charity

NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC

NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC, of BOSTON, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $4.0M in revenue, $3.7M in expenses, $2.3M in total assets. 1 publicly reported grants to this organization, totaling roughly $5K, appear in IRS filings.

EIN: 874519402 BOSTON, MA Community & Neighborhood Development NTEE: S20 Latest filing: 2025
Total Revenue$4.0M
Total Expenses$3.7M
Total Assets$2.3M
Grant Records1
Funding Total$5K
Filing Years2022–2025

Mission

THE PURPOSE OF THIS CORPORATION IS TO DEVELOP, IMPLEMENT, MANAGE, OPERATE, ENHANCE AND PROMOTE THE GENERAL WELFARE OF THE PEOPLE WITHIN THE DESIGNATED NEWMARKET BUSINESS IMPROVEMENT DISTRICT, THROUGH ACTIVITIES, PROGRAMS, AND SERVICES TO INCLUDE BUT NOT BE LIMITED TO MARKETING, MAINTENANCE, SECURITY, PLANNING AND PHYSICAL IMPROVEMENTS TO THE DISTRICT ALL BEING SUPPLEMENTAL TO THOSE PROVIDED BY THE CITY OF BOSTON.

Where $100 goes at Newmarket Business Improvement District Inc

How Newmarket Business Improvement District Inc divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.

$87 Programs the work itself
$10 Management running the organization
$3 Fundraising raising the next dollar

Inside the $87 for programs

$29
Back2work programin 2018, the newmarket business association, now the Newmarket Business Improvement District (bid), promoted a workforce development program for the homeless to the city, and while it…
33% of program spending · Reported in the filing: 150 individuals; 75 individuals
$29
Transit and transportation programnewmarket shuttlessince early 2022, the bid has operated four shuttles that crisscross the district, connecting all parts of newmarket to the red line at andrew…
33% of program spending · Reported in the filing: 400,000 rides
$25
Safety and security programa priority for the bid is the safety and well-being of all those living, working, and visiting the district
29% of program spending · Reported in the filing: 911 calls

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Andrew Grace
DIRECTOR Bob Biggio
DIRECTOR Cheryl Schondek
DIRECTOR Deryck Reid
DIRECTOR Frank Baker
DIRECTOR Gerry Dipierro

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$5,250 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $4.0M $3.7M $2.3M
2024 $3.7M $3.6M $1.2M
2023 $3.6M $3.0M $1.2M
2022 $1.0M $649K $598K

Between 2022 and 2025, reported annual revenue grew from $1.0M to $4.0M (+300%), with total assets most recently reported at $2.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC

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