Bainbridge Island Downtown Association
- Assets
- $118.1k
- Revenue
- $214.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Bainbridge Island, WA
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 91-1390519
Organization Overview
Bainbridge Island Downtown Association is located in Bainbridge Island, WA. The organization was established in 1999. 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 12/2022, Bainbridge Island Downtown Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bainbridge Island Downtown Association 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 12/2022, Bainbridge Island Downtown Association generated $214.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $236.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
BIDA PROVIDES PUBLIC SUPPORT BY BUILDING COMMUNITY THROUGH A VIBRANT DOWNTOWN, FACILITIATES LOCAL INVOLVEMENT IN DOWNTOWN INTERESTS, AND PROMOTES THE AESTHETIC DESIGN AND ECONOMIC VITALITY OF THE DOWNTOWN CORRIDOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIDA PRODUCES SEASONAL ANNUAL EVENTS SUCH AS OUR 3RD OF JULY STREET DANCE HOMETOWN HALLOWEEN TRICK-OR-TREAT DOWNTOWN THE DOWNTOWN TREE LIGHTING HOLIDAY OPEN HOUSE WITH SANTA PHOTOS HOLIDAY PROGRAMS. WE ALSO PRODUCE A ROBUST MONTHLY ART WALK ON THE FIRST FRIDAYS. THESE EVENTS PROMOTE DOWNTOWN AS THE COMMUNITY'S GATHERING PLACE, ENCOURAGE A POSITIVE IMAGE FOR DOWNTOWN, AND PROMOTE BUSINESS-GENERATING ACTIVITIES, SUPPORTING THE DOWNTOWN AS A SERVICE AND RETAIL CENTER. THE EVENTS FIT WITHIN OUR MISSION OF BUILDING COMMUNITY THROUGH A VIBRANT DOWNTOWN BY PROMOTING DOWNTOWN AS THE HEART OF BAINBRIDGE ISLAND - A SPECIAL PLACE TO LIVE, WORK, SHOP, INVEST, AND PLAY.
FOR THE PAST 16 YEARS, BIDA HAS PUBLISHED AND DISTRIBUTED THE BAINBRIDGE ISLAND DOWNTOWN WALKABOUT GUIDE. IN 2021, 100,000 GUIDES WERE PRODUCED AND DISTRIBUTED TO 270 VISITOR LOCATIONS IN THE PACIFIC NORTHWEST WITH AN EMPHASIS ON SEATTLE HOTELS, WASHINGTON & OREGON STATE VISITOR CENTERS, CRUISE AND FERRY TERMINALS, AND LOCAL BUSINESSES. THE WALKABOUT GUIDE SUPPORTS A VIBRANT DOWNTOWN BY ENCOURAGING VISITOR TRAFFIC THROUGHOUT OUR DOWNTOWN AND FOSTERS BUSINESS REFERRALS.
AS A MAIN STREET AMERICA ACCREDITED PROGRAM, WE PROVIDE OUTREACH AND ORGANIZATION IN SUPPORT OF LOCAL MERCHANTS IN THE DOWNTOWN CORRIDOR. WE PARTNER WITH LOCAL ORGANIZATIONS TO HOST FREQUENT FAMILIARIZATION PROGRAMS AND PROVIDE VARIOUS SUPPORT SERVICES TO THE DOWNTOWN COMMUNITY. WE STRIVE TO MAINTAIN SOLID RELATIONSHIPS WITH THE CITY OF BAINBRIDGE ISLAND, THE CITY COUNCIL, AND THE BAINBRIDGE ISLAND CHAMBER OF COMMERCE TO INITIATE AND DEVELOP PROGRMAS TO ENHANCE THE ECONOMY OF THE ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Goodnow Executive Dir. | Officer | 40 | $51,041 |
Kelle Kitchel-Cooper Executive Dir. | Officer | 21 | $15,537 |
Victoria Irwin President | OfficerTrustee | 2 | $0 |
Amy Dupont Secretary | OfficerTrustee | 2 | $0 |
Dr Helena Soomer-Lincoln Treasurer | OfficerTrustee | 2 | $0 |
Natalie Rodriguez President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,912 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,808 |
| Noncash contributions included in lines 1a–1f | $820 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,720 |
| Total Program Service Revenue | $50,246 |
| Investment income | $60 |
| 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 | $214,026 |
| 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. | $51,041 |
| Compensation of current officers, directors, key employees. | $13,136 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,815 |
| Fees for services: Management | $15,420 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,137 |
| Advertising and promotion | $8,509 |
| Office expenses | $25,393 |
| Information technology | $1,456 |
| Royalties | $0 |
| Occupancy | $16,058 |
| Travel | $1,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,632 |
| All other expenses | $0 |
| Total functional expenses | $236,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,778 |
| Savings and temporary cash investments | $51,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,098 |
| Accounts payable and accrued expenses | $678 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,681 |
| Total liabilities | $2,359 |
| Net assets without donor restrictions | $115,739 |
| 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 | $118,098 |