Golden Triangle Bid Corporation
- Assets
- $14.9m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Washington, DC
- Founding
- 04/1998
- Data as of
- 09/2023
- EIN
- 52-2057370
Organization Overview
Golden Triangle Bid Corporation is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Golden Triangle Bid Corporation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Triangle Bid 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 09/2023, Golden Triangle Bid Corporation generated $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $6.6m during the year ending 09/2023. While expenses have increased by 4.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CLEAN, SAFE, VIBRANT NEIGHBORHOOD AND TO RETAIN AND ATTRACT BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMBASSADOR - THE GOLDEN TRIANGLE AMBASSADORS CLEAN THE NEIGHBORHOOD'S PUBLIC SPACES, PARKS, AND STREET AMENITIES. THE AMBASSADORS CREATE A SENSE OF SAFETY AND KEEP THE NEIGHBORHOOD STREETS CLEAN AND GOLDEN.
COMMUNITY ACTIVITIES & RECOVERY EFFORTS - THE ORGANIZATION WORKS TO PROVIDE VARIOUS PUBLIC SERVICES TO THE CONSTITUENTS OF THE BID, INCLUDING INDOOR AND OUTDOOR EVENTS, EXERCISE CLASSES, EMERGENCY PREPAREDNESS INITIATIVES, AND OTHER PROGRAMS. THE BID ALSO HELPS LOCAL, REGIONAL, AND NATIONAL RETAIL BUSINESSES FIND THE PERFECT DOWNTOWN LOCATION. AS ECONOMIC RECOVERY CONTINUES IN THE NEIGHBORHOOD, THE BID IS WORKING WITH THE DC GOVERNMENT TO DEVELOP A PLAN THAT REIMAGINES THE DOWNTOWN AND SETS FORWARD AN IMPLEMENTATION PLAN. THE BID HAS ALSO TAKEN A MORE ACTIVE ROLE IN MARKETING THE NEIGHBORHOOD, ACTIVATING PUBLIC SPACES TO ATTRACT WORKERS AND VISITORS, AND BRINGING IN ART INITIATIVES.
PUBLIC SPACE IMPROVEMENTS - THE ORGANIZATION WORKS WITH LOCAL AND FEDERAL AGENCIES TO IMPROVE THE PUBLIC SPACES OF THE GOLDEN TRIANGLE THROUGH PUBLIC ART, LANDSCAPING, RAIN GARDENS, AND STREET FURNITURE. THE BID OBTAINED A D.C. GOVERNMENT STREETS FOR PEOPLE GRANT THAT FUNDED THE INSTALLATION OF PUBLIC ART AT THE CONNECTICUT AVENUE OVERLOOK AND FOUR PARKLETS THAT PROVIDE ADDITIONAL OUTDOOR SEATING FOR WORKERS, VISITORS, AND RESTAURANTS. THE GRANT ALSO ENABLED THE BID TO PURCHASE PLANTERS, AND BISTRO TABLES AND CHAIRS TO ENLIVEN THE NEIGHBORHOOD'S PARKS AND OUTDOOR SPACES. THE ORGANIZATION ALSO PURCHASES PHYSICAL IMPROVEMENTS AND DEPLOYS THEM THROUGHOUT THE BID. PHYSICAL IMPROVEMENT EXPENDITURES ARE EXPENSED AS INCURRED. THE BID DOES NOT OWN OR USE THESE ASSETS IN ITS OPERATIONS; RATHER, THEY ARE PROVIDED FOR THE BENEFIT OF THE GENERAL PUBLIC INSIDE THE BID ZONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolas Beliard Board Of Director Member | Trustee | 1 | $0 |
Owen Billman Board Of Director Member | Trustee | 1 | $0 |
Amy Bowser Board Of Director Member | Trustee | 1 | $0 |
James E Brawner Board Of Director Member | OfficerTrustee | 1 | $0 |
David Bueno Board Of Director Member | Trustee | 1 | $0 |
Oliver Carr Board Of Director Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Block By Block Ambassador Services | 9/29/23 | $1,624,404 |
S3dc Llc Consulting Services | 9/29/23 | $194,545 |
Level Green Landscaping Landscaping Maintenance | 9/29/23 | $167,050 |
Pathways To Housing Dc Safety, Continuity & Homeless Outreach | 9/29/23 | $231,356 |
Elizabeth Yoder Llc Talent Recruiter | 9/29/23 | $103,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,348,169 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,348,169 |
| Total Program Service Revenue | $5,767,624 |
| Investment income | $277,176 |
| 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 | $7,392,969 |
| 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. | $523,212 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,321,387 |
| Pension plan accruals and contributions | $97,760 |
| Other employee benefits | $171,075 |
| Payroll taxes | $118,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,112 |
| Fees for services: Accounting | $67,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296,884 |
| Advertising and promotion | $119,759 |
| Office expenses | $98,804 |
| Information technology | $97,144 |
| Royalties | $0 |
| Occupancy | $264,424 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,237 |
| Insurance | $81,627 |
| All other expenses | $240,204 |
| Total functional expenses | $6,648,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,868,603 |
| Savings and temporary cash investments | $9,573,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255,019 |
| 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 | $96,428 |
| Net Land, buildings, and equipment | $671,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,411,461 |
| Total assets | $14,876,754 |
| Accounts payable and accrued expenses | $265,932 |
| Grants payable | $0 |
| Deferred revenue | $2,789,270 |
| 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 | $2,837,919 |
| Total liabilities | $5,893,121 |
| Net assets without donor restrictions | $8,983,633 |
| Net assets with donor restrictions | $0 |
| 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 | $14,876,754 |