Midtown Sacramento Pbid Corporation
- Assets
- $2.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Sacramento, CA
- Founding
- 05/2014
- Data as of
- 12/2021
- 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 12/2021, Midtown Sacramento Pbid Corporation employed 27 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 12/2021, Midtown Sacramento Pbid Corporation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 15.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION SHALL BE TO PROMOTE THE COMMON INTEREST OF MIDTOWN SACRAMENTO BUSINESS 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 Executive Dir. | OfficerTrustee | 40 | $178,053 |
Beth Hassett Past Chair | OfficerTrustee | 1 | $0 |
Ken Turton Treasurer | OfficerTrustee | 2 | $0 |
Larry Watson Secretary | OfficerTrustee | 1 | $0 |
Kimio Bazett Mc Chair | OfficerTrustee | 1 | $0 |
Mike Testa Vice 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 | $0 |
| Related organizations | $0 |
| Government grants | $2,694,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,899,493 |
| Total Program Service Revenue | $0 |
| Investment income | $391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,122,006 |
| 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. | $206,179 |
| Compensation of current officers, directors, key employees. | $16,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,265,264 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,325 |
| Advertising and promotion | $137,460 |
| Office expenses | $16,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $184,471 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,902 |
| Insurance | $24,117 |
| All other expenses | $171,390 |
| Total functional expenses | $2,564,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,405 |
| Savings and temporary cash investments | $651,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $555,692 |
| 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 | $18,810 |
| Net Land, buildings, and equipment | $179,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $214,069 |
| Total assets | $2,234,952 |
| Accounts payable and accrued expenses | $237,665 |
| Grants payable | $0 |
| Deferred revenue | $512,673 |
| 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 | $0 |
| Total liabilities | $750,338 |
| Net assets without donor restrictions | $1,434,614 |
| Net assets with donor restrictions | $50,000 |
| 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 | $2,234,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midtown Sacramento Pbid Corporation has recieved totaling $170,000.
| Awarding Organization | Amount |
|---|---|
Sutter Valley Hospitals Sacramento, CA | | $170,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
County Of Riverside Asset Leasing Corporation Riverside, CA | $424,339,421 | $18,501,020 |
City Of Glendale Municipal Property Corporation Glendale, AZ | $246,934,000 | $15,805,000 |
Downtown San Diego Partnership San Diego, CA | $3,005,866 | $9,913,958 |
El Dorado Community Service Center Santa Clarita, CA | $4,302,253 | $8,147,588 |
Sun City Oro Valley Community Association Inc Oro Valley, AZ | $28,029,235 | $8,742,643 |
Estrella Joint Committee Inc A Non-Profit Corporation Scottsdale, AZ | $5,462,539 | $8,224,629 |
Silicon Valley Education Foundation San Jose, CA | $5,009,604 | $7,057,784 |
Villages At Estrella Mountain Ranch Community Association Scottsdale, AZ | $5,670,197 | $7,276,595 |
Campesinos Unidos Brawley, CA | $3,476,842 | $6,350,880 |
Underground Service Alert Of Southern California Corona, CA | $5,398,227 | $5,936,631 |
River City Food Bank Sacramento, CA | $2,903,146 | $5,371,581 |
Franciscan Care Services Honolulu, HI | $5,391,174 | $3,621,924 |