Century City Bid Association
- Assets
- $525.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-3779418
Organization Overview
Century City Bid Association is located in Los Angeles, CA. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Century City Bid Association 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 12/2022, Century City Bid Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND PROVIDE SPECIAL BENEFITS TO PROPERTIES IN CENTURY CITY'S CENTRAL BUSINESS DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAN, SAFE AND BEAUTIFUL PROJECTTHE CCBID ENGAGES IN ACTIVITIES THAT MAKE EACH INDIVIDUAL ASSESSED PARCEL CLEANER AND SAFER BY ENGAGING IN PROGRAMS THAT DETER CRIME AND CLEAN THE PUBLIC RIGHTS-OF-WAY; AND IMPROVE AND LANDSCAPE THE PHYSICAL APPEARANCE OF THE MEDIANS, LANDSCAPED CORRIDORS, FOUNTAINS AND PEDESTRIAN WALKWAYS. THIS YEAR WE FOCUSED ON TWO PROJECTS: A NEW CENTURY CITY COMMUNITY SIGN FOR AVENUE OF THE STARS AND PICO AND THE LIGHTING OF THE TREES AT THE OVAL FOUNTAIN AND THE RECTANGLE FOUNTAIN.
LANDSCAPE MAINTENANCETHE CCBID PROVIDES LANDSCAPE MAINTENANCE FOR THE 13 MEDIANS ALONG AOS BETWEEN PICO BLVD AND THE OVER HALF A DOZEN MEDIANS ON SANTA MONICA BLVD. THE LANDSCAPE VENDORS MAINTAIN THE LAWNS, PLANT MATERIAL AND IRRIGATION FIVE DAYS A WEEK ON AN AS NEEDED BASIS. WE CONTINUE TO REPLACE PLANTS AS NEEDED IN ORDER TO MAINTAIN THE QUALITY OF THE LANDSCAPE DESIGN. WE HAVE A LANDSCAPING TEAM AND AN IRRIGATION TECH ON SITE 5 DAYS A WEEK.
BIKE PATROLTHE CCBID PROVIDES A BIKE AMBASSADOR FOR SECURITY AND COMMUNITY SERVICE. THE BIKE AMBASSADOR'S HOURS ARE 7 AM 7 PM FIVE DAYS A WEEK MONDAY THROUGH WEDNESDAY AND 7 AM UNTIL 11 PM THURSDAY AND FRIDAY PLUS 3 PM UNTIL 11 PM ON SATURDAYS. WE CONTINUE TO EXPAND OUR SECURITY PATROL TO MEET THE INCREASED SAFETY NEEDS OF THE CENTURY CITY BUSINESS COMMUNITY. THIS PATROL NOW INCLUDES NOT ONLY A BIKE PATROL BUT ALSO A CAR PATROL IN EVENINGS. WE ALSO PATROL ON SUNDAYS AS REQUIRED AND USE OFF-DUTY OFFICERS ON AN AS-NEEDED BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee' Watkinson President/director | OfficerTrustee | 1 | $0 |
Tegie Dorado Vice President/director | OfficerTrustee | 1 | $0 |
Cameron Kennedy Treasurer/director | OfficerTrustee | 1 | $0 |
Louis Schillace Secretary/director | OfficerTrustee | 1 | $0 |
Shannon Hathaway Director | Trustee | 1 | $0 |
Natalie Miles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,294,782 |
| Investment income | $893 |
| 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 | $1,295,675 |
| 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. | $94,954 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,488 |
| Advertising and promotion | $0 |
| Office expenses | $10,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,402 |
| 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 | $0 |
| Insurance | $10,812 |
| All other expenses | $122,042 |
| Total functional expenses | $1,287,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $453,197 |
| 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 | $525,197 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,620 |
| 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 | $10,620 |
| Net assets without donor restrictions | $0 |
| 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 | $514,577 |
| Total liabilities and net assets/fund balances | $525,197 |