Midtown Sacramento Pbid Corporation
- Assets
- $2.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Sacramento, CA
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-1549378
Organization Overview
Midtown Sacramento Pbid Corporation is located in Sacramento, CA. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Midtown Sacramento Pbid Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midtown Sacramento Pbid Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Midtown Sacramento Pbid Corporation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 17.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION SHALL BE TO PROMOTE THE COMMON BUSINESS INTERESTS OF MIDTOWN SACRAMENTO BUSINESSES AND PROPERTY OWNERS THROUGH PROGRAMS AND INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESOURCES AND SUPPORT TO MIDTOWN BUSINESSES AND DEVELOPMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Baime Michaels Emily Baime | Officer | 40 | $250,102 |
Wendy Saunders Chair | OfficerTrustee | 1 | $0 |
Mike Testa Vice Chair | OfficerTrustee | 1 | $0 |
Larry Watson Secretary | OfficerTrustee | 1 | $0 |
Ken Turton Treasurer | OfficerTrustee | 1 | $0 |
Beth Hassett Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erica Rau Research Services | 12/30/19 | $101,323 |
Daniel Conway Research Services | 12/30/19 | $100,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,000 |
| Related organizations | $0 |
| Government grants | $2,485,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $511,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,045,837 |
| Total Program Service Revenue | $0 |
| Investment income | $2,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,365 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,398,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,878,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,952 |
| Advertising and promotion | $233,861 |
| Office expenses | $28,997 |
| Information technology | $30,979 |
| Royalties | $0 |
| Occupancy | $128,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,401 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,008 |
| Insurance | $17,558 |
| All other expenses | $62,855 |
| Total functional expenses | $3,273,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,958 |
| Savings and temporary cash investments | $553,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,026 |
| Net Land, buildings, and equipment | $266,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $846,913 |
| Total assets | $2,921,263 |
| Accounts payable and accrued expenses | $168,185 |
| Grants payable | $0 |
| Deferred revenue | $475,836 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $784,358 |
| Total liabilities | $1,428,379 |
| Net assets without donor restrictions | $1,419,034 |
| Net assets with donor restrictions | $73,850 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,921,263 |