Golden Triangle Bid Corporation
- Assets
- $12.3m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Washington, DC
- Founding
- 04/1998
- Data as of
- 09/2022
- 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 09/2022, Golden Triangle Bid Corporation employed 19 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 09/2022, Golden Triangle Bid Corporation generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.8m during the year ending 09/2022. While expenses have increased by 2.8% 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 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 BID WORKS TO PROVIDE VARIOUS PUBLIC SERVICES TO THE CONSTITUENTS OF THE BID, INCLUDING INDOOR AND OUTDOOR EVENTS, EMERGENCY PREPAREDNESS INITIATIVES, AND OTHER PROGRAMS. THE BID ALSO HELPS LOCAL, REGIONAL, AND NATIONAL RETAIL BUSINESSES FIND THE PERFECT DOWNTOWN LOCATION. AS THE IMPACT OF COVID 19 CONTINUES TO BE FELT THROUGHOUT THE CITY, THE BID CONTINUES TO DEVOTE SIGNIFICANT RESOURCES TO RECOVERY EFFORTS, INCLUDING WORKING WITH THE DC GOVERNMENT AND WDCEP TO HELP ATTRACT OFFICE AND RETAIL TENANTS TO THE NEIGHBORHOOD, AND CREATING OUTDOOR SPACES, EVENTS, AND ACTIVATIONS TO ENCOURAGE WORKERS TO RETURN TO THEIR OFFICES.
PUBLIC SPACE IMPROVEMENTS - IN RECENT YEARS, THE BID HAS PLANTED AND MAINTAINED A RAISED MEDIAN ALONG CONNECTICUT AVENUE, INSTALLED NINETEEN RAIN GARDENS, INSTALLED SEVERAL PIECES OF PUBLIC ART, AND TRANSFORMED MURROW AND MONROE PARKS WITH RENOVATED LIGHTING AND A LIGHT ART PROJECT IN THE RESTORED FOUNTAIN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leona Agouridis Executive Director | Officer | 40 | $439,558 |
John Powell Senior Director Of Operati | 40 | $136,581 | |
Drew Jubert Senior Director, Finance A | 40 | $115,673 | |
Karyn Miller Director, Planning, Art & Activation | 40 | $114,351 | |
Ward A Huff Associate Director, Member & Government Relations | 40 | $101,419 | |
John Sikaitis Board Of Director Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Block By Block Ambassador Services | 9/29/22 | $1,472,993 |
Pathways To Housing Dc Safety, Continuity & Homeless Outreach | 9/29/22 | $185,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $613,000 |
| 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 | $613,000 |
| Total Program Service Revenue | $5,815,759 |
| Investment income | $32,868 |
| 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 | $6,461,627 |
| 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. | $423,765 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,258,407 |
| Pension plan accruals and contributions | $76,905 |
| Other employee benefits | $191,127 |
| Payroll taxes | $110,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,532 |
| Fees for services: Accounting | $61,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,458 |
| Advertising and promotion | $108,161 |
| Office expenses | $45,047 |
| Information technology | $69,280 |
| Royalties | $0 |
| Occupancy | $320,908 |
| 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 | $62,580 |
| Insurance | $53,847 |
| All other expenses | $135,763 |
| Total functional expenses | $5,793,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,642,959 |
| Savings and temporary cash investments | $5,868,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,579 |
| 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 | $123,505 |
| Net Land, buildings, and equipment | $288,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,314,555 |
| Accounts payable and accrued expenses | $216,758 |
| Grants payable | $0 |
| Deferred revenue | $1,966,794 |
| 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 | $1,891,855 |
| Total liabilities | $4,075,407 |
| Net assets without donor restrictions | $8,239,148 |
| 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 | $12,314,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Stand For America Inc Washington, DC | $2,847,990 | $8,607,198 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |