Overview
What is Bid Foundation Inc?
Bid Foundation Inc, operating under the name Bid Alliance, is a nonprofit organization situated in San Diego, California. Their primary mission is to revitalize and improve the residential and commercial areas of Main Street, ultimately enhancing the quality of life and economic health of the local community. The foundation supports Business Improvement Districts (BIDs) in San Diego, working towards their betterment. In the recent fiscal year 2021-2022, they provided mandatory Diversity, Equity, and Inclusion (DEI) training and Anti-Harassment training for Small Business Assistance Organizations in underserved communities. They also held regular meetings, elections for new board members and officers, and aided in COVID-19 relief and recovery efforts. Additionally, Bid Foundation Inc offers special event equipment to communities carrying out special events. With a staff of 13 individuals, the organization is dedicated to making a positive impact on San Diego's Main Street communities.
Official website here: www.bidfoundationsd.org
Is Bid Foundation Inc legitimate?
Bid Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bid Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,635
For more financial information, click here
Official website here: www.bidfoundationsd.org
What is the mission statement of Bid Foundation Inc?
The Bid Foundation Inc's mission is centered around revitalizing residential and commercial areas, aiming to improve the quality of life and economic well-being of the local community. They work towards this goal by focusing on Main Street areas, benefiting residents, employees, and businesses within these zones. Apart from their main mission, they also contribute to specific charitable projects in partnership with their associated corporation, the BID Council. Moreover, the foundation plays a role in supporting communities during COVID-19 relief and recovery efforts, as well as offering necessary resources for special events.
Official website here: www.bidfoundationsd.org
Who is the CEO of Bid Foundation Inc?
Benjamin Nicholls is the President of Bid Foundation Inc.
Official website here: www.bidfoundationsd.org
What is the revenue of Bid Foundation Inc?
Bid Foundation Inc's revenue in 2022 was $89,035.
Official website here: www.bidfoundationsd.org
Who are the executives of Bid Foundation Inc and what are their salaries?
The average compensation at Bid Foundation Inc during 2022 was $2,741. There are 13 employees at Bid Foundation Inc.
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Official website here: www.bidfoundationsd.org
Where can I find the form 990 for Bid Foundation Inc?
Bid Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bidfoundationsd.org
Learn more at the official website: www.bidfoundationsd.org
Mission Statement of Bid Foundation Inc
Bid Foundation Inc, a nonprofit organization, is dedicated to improving the physical, social, and economic environment of Business Improvement Districts (BIDs) in various locations. Their primary mission is to revitalize residential and commercial areas, enhancing the quality of life and economic well-being for residents, employees, and businesses within these areas. This nonprofit also works closely with its partner corporation, the BID Council, to undertake specific charitable projects.
In pursuit of its mission, Bid Foundation Inc provides various support services. For instance, during the fiscal year 2021-2022, the organization offered Diversity, Equity, and Inclusion (DEI) and Anti-Harassment Training to Small Business Assistance Organizations in underserved communities. Additionally, Bid Foundation Inc holds regular meetings, including monthly gatherings and annual elections of new board members and officers to maintain transparency and ensure effective leadership.
Moreover, this nonprofit organization plays a crucial role in assisting communities with their COVID-19 Relief and Recovery efforts. This support may include providing necessary equipment for special events within the communities. Through these initiatives, Bid Foundation Inc contributes significantly to the revitalization and improvement of the designated BIDs, ultimately benefiting the local residents, employees, and businesses.
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Impact
October, 2024
Bid Foundation Inc significantly impacts the San Diego community by enhancing the physical, social, and economic environments of Business Improvement Districts. In the fiscal year 2021-2022, the organization played a crucial role by providing Diversity, Equity, and Inclusion (DEI) and Anti-Harassment training tailored for Small Business Assistance Organizations in underserved neighborhoods, ensuring that all community members have access to essential resources and support.
The foundation held regular meetings and organized annual elections for new board members and officers, fostering community involvement and leadership. It was instrumental in COVID-19 relief and recovery efforts, providing vital support to communities still grappling with the pandemic’s effects. Additionally, Bid Foundation Inc offered special event equipment, enabling local organizations to host events that enhance community engagement and pride.
By revitalizing Main Street residential and commercial areas, Bid Foundation Inc aims to improve the quality of life for residents, employees, and businesses in San Diego. Its collaboration with the BID Council on targeted charitable projects further amplifies its impact on the community, helping to create a thriving environment for all stakeholders involved.
This information is meant to be a general summary of Bid Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $249
- Program Service Revenue: $55,590
- Gross Receipts: $89,035
Assets and Liabilities:
- Total Assets: $67,160
- Total Liabilities: $772
- Net Assets: $66,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Special Event Services
Revenue
$25,528
Clean Safe Services
Revenue
$30,062
Organization Details
Founding Year
1997
Phone
(619) 582-1093Principal Officer
Benjamin Nicholls
Main Address
c/o MFJ Systems P O Box 81906, San Diego, CA, 92138
Website
www.bidfoundationsd.orgNTEE Category
Code: S31 - Community improvement
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