Pike District Partnership Inc
- Assets
- $56.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac, MD
- Founding
- Data as of
- 12/2023
- EIN
- 88-2627892
Organization Overview
Pike District Partnership Inc is located in Potomac, MD. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pike District Partnership Inc 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 12/2023, Pike District Partnership Inc generated $180.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 63.2% each year . All expenses for the organization totaled $183.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE CORPORATION PROMOTES AND ASSISTS IN THE ECONOMIC DEVELOPMENT OF THE NORTH BETHESDA ARE OF MONTGOMERY COUNTY, MARYLAND, AND FOR THE BENEFIT OF MONTGOMERY COUNTY, MARYLAND AND THE MEMBERS OF THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Herrmann Chairman | 20 | $0 | |
Andrew Shulman Vice Chairman | 20 | $0 | |
Eugene Cornelius Executive Director | 20 | $45,000 | |
Kofi Meroe Treasurer | 5 | $0 | |
Heidi Onkst Secretary | 5 | $0 | |
Brian Downie Member- Board Of Directors | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $180,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,000 |
| Professional fees and other payments to independent contractors | $23,260 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $115,089 |
| Total expenses | $183,349 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,651 |
| Other assets | $0 |
| Total assets | $56,651 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,651 |