Financials

After a few challenging years due to the Covid-19 pandemic, our FY21/22 revenue increased back to pre-pandemic levels. This can largely be attributed to our ability to safely present our signature events again, which always attracts the support of a variety of sponsors. The ability to return to normal programming is also reflected in the increased amount spent on direct program expenses from the year prior. Both Summer Concerts and Rock White Plains returned along with many of our other events, and in FY21/22 we became a partner, not just a sponsor of the downtown Holiday Market, increasing our investment significantly in this important event designed to create community, support small retail and encourage shoppers to spend their dollars locally. In FY21/22 we needed to make some necessary upgrades to our IT systems in order to continue operating efficiently as an office, temporarily raising our office expense.

Statements of Financial Position

We ended the FY21/22 Fiscal Year with 51,689 in net revenue. As of June 30, 2022, the WPBID had total net assets of 547,876. Total liabilities were 72,217 inclusive of accounts payables, accrued expenses, deferred revenue and deferred rent. We are committed to the proper stewardship of our resources; thisincludes offering our members a transparent view of our financial and programmatic position. An independent firm audits our financial statements annually, and our 990 tax filings can be accessed for free on guidestar.com.

Statements of Activities

Sponsors and Supporters

• AAA Sunshine Realty

• Apple Bank

• Argent Ventures

• ArtsWestchester (New York State Arts Alive Regrant Program)

• Cappelli Organization

• Caspi Development Company

• Cambria White Plains

• Chosen Décor Events

• Continuum 57

• Cushman & Wakefield

• Digitze TV

• Galleria White Plains

• Gino Bello Homes Real Estate Team

• Greystar

• Heineken USA

• Lanline Communications Inc

• Lohud The Journal News

• Manor Sangria

• Manhattan Beer Distributors

• Minskoff Grant Realty & Management Corp.

• New York Power Authority

• Nicjo Realty

• Paulaner

• Party Line Tent Rentals

• Pedego Electric Bikes

• Rose Associates

• Ritz-Westchester Residences

• Samuel Adams

• Saber Real Estate North LLC

• SRG2 Partners, LLC

• Southern Land Company

• Soul Soundz Production

• The Mitchell Apartments by Quarterra

• The Premier Collection

• Webster Bank

• Westchester Magazine

• Westchester One

• White Plains Hospital

• Zeiss

We are especially grateful to our many City Agency partners (including, but certainly not limited to: Public Works, Parks & Recreation, Public Safety, Parking and Traffic, Planning, Buildings, Fire and the Youth Bureau), local businesses, community organizations and area stakeholders who have partnered with us this year to make our activities possible