Symphony Park Master Association Inc
- Assets
- $594.2k
- Revenue
- $70.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 07/2011
- Data as of
- 12/2023
- EIN
- 27-1958496
Organization Overview
Symphony Park Master Association Inc is located in Las Vegas, NV. The organization was established in 2011. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphony Park Master Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Symphony Park Master Association Inc generated $70.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $184.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS CORPORATION IS TO ENEGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH A CORPORATION MAY BE ORGANIZED UNDER SUCH LAW. BY WAY OF EXPLANATION AND NOT BY WAY OF LIMITATION, THE PURPOSES FOR WHICH IT IS FORMED ARE: (I) TO BE AND CONSTITUE THE UNIT OWNERS ASSOCIATION FOR THE PLANNED COMMUNITY NOW OR HEREAFTER CREATED BY THE RECORDING OF THE CHARTER, AND TO PERFORM ALL OBLIGATIONS AND DUTIES AND EXERCISE ALL RIGHTS AND POWERS OF THE ASSOCIATION UNDER THE CHARTER, THE BY-LAW, THESE ARTICLES AND NEVADA LAW; AND (II) TO PROVIDE AN ENITY FOR THE FURTHERANCE OF THE INTEREST OF THE PARCEL OWNERS OF REAL PROPERTY SUBJECT TO THE CHARTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION COMPLETED CONSTRUCTION ON THE PARK AND OPENED TO THE PUBLIC IN APRIL OF 2012. THE ASSOCIATION RECEIVED QUARTERLY ASSESSMENTS FROM 5 COMMERCIAL TENANTS DURING THE YEAR. THE PARK'S MAJOR ANNUAL EXPENSES ARE FOR DEPRECIATION, INSURANCE, LANDSCAPE MAINTENANCE AND UTILITIES. THE ASSOCIATION HAD OPERATING EXPENSES AS REPORTED ABOVE AND INCREASED RESERVES BY SCHEDULED AMOUNTS FOR FUTURE REPAIRS, MAINTENANCE, AND REPLACEMENTS IN THE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Janssen President, D | Officer | 2 | $0 |
Gary Ameling Treasurer/se | Officer | 2 | $0 |
Steve Ford Vice Preside | Officer | 2 | $0 |
Alex Woodin Director At | Officer | 2 | $0 |
Ryan Smith Vice Preside | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,663 |
| 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 | $70,663 |
| Total Program Service Revenue | $0 |
| Investment income | $195 |
| 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 | $70,858 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $8,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $109,012 |
| Insurance | $26,411 |
| All other expenses | $250 |
| Total functional expenses | $184,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,141 |
| Savings and temporary cash investments | $39,130 |
| 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 | $381,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $594,228 |
| Accounts payable and accrued expenses | $16,000 |
| 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 | $0 |
| Total liabilities | $16,000 |
| 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 | $578,228 |
| Total liabilities and net assets/fund balances | $594,228 |