Wdbid Management Company
- Assets
- $3.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 67
- Location
- Wilmington, DE
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 51-0362299
Organization Overview
Wdbid Management Company is located in Wilmington, DE. The organization was established in 1996. As of 06/2022, Wdbid Management Company employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wdbid Management Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Wdbid Management Company generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 1.5% 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.
Since 2016, Wdbid Management Company has awarded 16 individual grants totaling $285,434. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WDBID MANAGEMENT COMPANY (DOWNTOWN VISIONS) WAS ESTABLISHED TO CREATE A SAFER, CLEANER AND WELL-MANAGED CENTRAL BUSINESS DISTRICT (CITY). DOWNTOWN VISIONS PROGRAMS ARE DESIGNED TO SUPPLEMENT CITY SERVICES IN THE AREAS OF CRIME PREVENTION AND CONTROL, SIDEWALK CLEANING AND GENERAL PEDESTRIAN ASSISTANCE WITHIN THE DISTRICT. DOWNTOWN VISIONS ALSO PROVIDES MARKETING AND PROMOTIONAL ACTIVITIES DESIGNED TO ENHANCE THE IMAGE OF THE BUSINESS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFETY DIVISION PROGRAMS - AID IN CRIME REDUCTION AND ENHANCE THE PERCEPTION OF SAFETY IN DOWNTOWN WILMINGTON. DOWNTOWN VISIONS OFFERS A RANGE OF SERVICES TO PROPERTY OWNERS, BUSINESSES, RESIDENTS, AND VISITORS.
SAFETY DIVISION PROGRAMS - AID IN CRIME REDUCTION AND ENHANCE THE PERCEPTION OF SAFETY IN DOWNTOWN WILMINGTON. DOWNTOWN VISIONS OFFERS A RANGE OF SERVICES TO PROPERTY OWNERS, BUSINESSES, RESIDENTS, AND VISITORS.
CLEANING DIVISION PROGRAMS - HELPING TO KEEP DOWNTOWN WILMINGTON CLEAN IS A KEY MISSION FOR DOWNTOWN VISIONS. OUR CLEANING AMBASSADOR CREWS SUPPLEMENT THE SERVICES OF THE CITY OF WILMINGTON TO PROVIDE PREMIUM CLEANING RESULTS. THIS ENSURES THAT WILMINGTON'S STREETS AND SIDEWALKS ARE CLEAN AND GRAFFITI-FREE AND THAT DOWNTOWN PRESENTS A NEAT, WELCOMING ENVIRONMENT EACH AND EVERY MORNING.
CLEANING DIVISION PROGRAMS - HELPING TO KEEP DOWNTOWN WILMINGTON CLEAN IS A KEY MISSION FOR DOWNTOWN VISIONS. OUR CLEANING AMBASSADOR CREWS SUPPLEMENT THE SERVICES OF THE CITY OF WILMINGTON TO PROVIDE PREMIUM CLEANING RESULTS. THIS ENSURES THAT WILMINGTON'S STREETS AND SIDEWALKS ARE CLEAN AND GRAFFITI-FREE AND THAT DOWNTOWN PRESENTS A NEAT, WELCOMING ENVIRONMENT EACH AND EVERY MORNING.
MARKETING AND PROMOTION PROGRAMS - DOWNTOWN VISIONS ALSO PROVIDES MARKETING AND PROMOTIONAL ACTIVITIES DESIGNED TO ENHANCE THE IMAGE OF THE BUSINESS DISTRICT, INCLUDING GRANTS TO FACILITATE UPGRADES TO THE FACE OF BUILDINGS AND STOREFRONTS.
MARKETING AND PROMOTION PROGRAMS - DOWNTOWN VISIONS ALSO PROVIDES MARKETING AND PROMOTIONAL ACTIVITIES DESIGNED TO ENHANCE THE IMAGE OF THE BUSINESS DISTRICT, INCLUDING GRANTS TO FACILITATE UPGRADES TO THE FACE OF BUILDINGS AND STOREFRONTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Flynn Director | Trustee | 1 | $0 |
Julia Han Director | Trustee | 1 | $0 |
Hillary Patterson ESQ Director | Trustee | 1 | $0 |
Peggy Strine Director - 1st Vice Chair | OfficerTrustee | 1 | $0 |
Vito I Dimaio Director | Trustee | 1 | $0 |
Samira Aird Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $426,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,969 |
| Total Program Service Revenue | $2,842,018 |
| Investment income | $1,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,356,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $224,122 |
| Compensation of current officers, directors, key employees. | $43,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,672,033 |
| Pension plan accruals and contributions | $22,733 |
| Other employee benefits | $45,762 |
| Payroll taxes | $222,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,242 |
| Fees for services: Accounting | $43,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,072 |
| Office expenses | $11,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,341 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,291 |
| Interest | $6,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,329 |
| Insurance | $145,523 |
| All other expenses | $137,832 |
| Total functional expenses | $3,027,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,641,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,685 |
| 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 | $47,670 |
| Net Land, buildings, and equipment | $270,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $927,596 |
| Total assets | $2,964,018 |
| Accounts payable and accrued expenses | $263,800 |
| Grants payable | $0 |
| Deferred revenue | $2,047 |
| 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 | $436,458 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $702,305 |
| Net assets without donor restrictions | $2,000,559 |
| Net assets with donor restrictions | $261,154 |
| 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 | $2,964,018 |
Grants Awarded
Over the last fiscal year, Wdbid Management Company has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
301 MARKET LLC PURPOSE: Reimbursement type grant, given to businesses in the Wilmington Business Improvement District for facade improvements. | $20,000 |
JAMESTOWN HOSPITALTIY GROUP LLC PURPOSE: Reimbursement type grant, given to businesses in the Wilmington Business Improvement District for facade improvements. | $10,000 |