Irvine Spectrum Transportation Management Assoc
- Assets
- $812.5k
- Revenue
- $615.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Irvine, CA
- Founding
- 05/1993
- Data as of
- 06/2022
- EIN
- 33-0200249
Organization Overview
Irvine Spectrum Transportation Management Assoc, operating under the name Spectrumotion, is located in Irvine, CA. The organization was established in 1993. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Spectrumotion employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrumotion 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 06/2022, Spectrumotion generated $615.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $665.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
IRVINE SPECTRUM TRANSPORTATION MANAGEMENT ASSOCIATION (THE "ASSOCIATION") WAS FORMED IN 1986 UNDER THE LAWS OF THE STATE OF CALIFORNIA AS A GENERAL NONPROFIT CORPORATION AND HAS OBTAINED EXEMPTION UNDER SECTION 501(C)(4) OF INTERNAL REVENUE CODE. THE ASSOCIATION SERVES A GEOGRAPHIC AREA BETTER KNOWN AS "IRVINE SPECTRUM". IT IS COMPRISED OF APPROXIMATELY 2,600 ACRES AND IS HOME TO OVER 3,800 COMPANIES EMPLOYING IN EXCESS OF 80,000 PEOPLE. THE ASSOCIATION WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVES AND OTHERS WITHIN IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS AND SERVICES TO ADDRESS LOCAL TRANSPORTATION PROBLEMS. NO GRANTS ARE PROVIDED TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRVINE SPECTRUM TRANSPORTATION MANAGEMENT ASSOCIATION (THE "ASSOCIATION")WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVES AND OTHERS IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS AND SERVICES TO ADDRESS LOCAL TRANSPORTATION PROBLEMS. THE ASSOCIATION SERVES A GEOGRAPHIC AREA BETTER KNOWN AS "IRVINE SPECTRUM". IT IS COMPRISED OF APPROXIMATELY 2,600 ACRES AND IS HOME TO OVER 3,800 COMPANIES EMPLOYING IN EXCESS OF 80,000 PEOPLE.
THE CITY OF IRVINE ("CITY") EXPANDED ITS "ISHUTTLE" SERVICE TO THE IRVINE SPECTRUM AREA TO SERVE THE AREA EMPLOYEES AND RESIDENTS BY CONNECTING THEM VIA SHUTTLE SERVICES TO IRVINE STATION. IN SEPTEMBER 2011, THE CITY AND THE ASSOCIATION ENTERED INTO AN AGREEMENT TO BECOME FUNDING PARTNERS FOR EXPENDITURES TOWARDS THE OPERATION AND MAINTENANCE, BUS PURCHASE AND REPLACEMENT, AND SUPPORT COSTS OF THE IRVINE SPECTRUM AREA SERVICE. THE AGREEMENT CALLED FOR A TOTAL OF 283,000 FUNDING FROM THE ASSOCIATION. UPON FINAL PAYMENT OF 38,000 IN MARCH 2014, THE CITY AND THE ASSOCIATION AGREED TO FURTHER FUNDING COMMITTMENT OF 120,000 PAYABLE IN THREE (3) YEARS, WITH QUARTERLY PAYMENTS OF 10,000 EACH, COMMENCING ON SEPTEMBER 30, 2014.
TRANSIT PASS SUBSIDY THE ASSOCIATION SUBSIDIZES THE COST OF A ONE-MONTH ORANGE COUNTY TRANSIT AUTHORITY PASS FOR ALL NEW BUS RIDERS IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS. COMMUTER RAIL PASS SUBSIDY THE ASSOCIATION SUBSIDIZES THE COST OF ONE "7-DAY" METROLINK PASS FOR ALL NEW TRAIN RIDERS IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS. VANPOOL SUBSIDY THE ASSOCIATION SUBSIDIZES THE FIRST-MONTH COSTS OF A NEW VANPOOL. IT ALSO SUBSIDIZES THE FIRST-MONTH SEAT-COST FOR A NEW VAN RIDER IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Vasquez Executive Di | 40 | $130,000 | |
Golda Egge Treasurer | OfficerTrustee | 2 | $0 |
Mark Kessler President | OfficerTrustee | 2 | $0 |
Holly Mc Manus Secretary | OfficerTrustee | 2 | $0 |
Ryan Armstrong Member (ex-O | Trustee | 2 | $0 |
Kathy Dempsey Member | Trustee | 2 | $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 | $612,566 |
| Investment income | $963 |
| 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 | $614,978 |
| 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 | $429,637 |
| Pension plan accruals and contributions | $18,055 |
| Other employee benefits | $39,540 |
| Payroll taxes | $35,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,255 |
| Advertising and promotion | $33,132 |
| Office expenses | $14,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,613 |
| Travel | $2,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,710 |
| Insurance | $7,859 |
| All other expenses | $0 |
| Total functional expenses | $665,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,041 |
| Savings and temporary cash investments | $250,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,928 |
| 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 | $14,757 |
| Net Land, buildings, and equipment | $28,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $812,545 |
| Accounts payable and accrued expenses | $14,793 |
| 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 | $24,587 |
| Total liabilities | $39,380 |
| Net assets without donor restrictions | $473,165 |
| Net assets with donor restrictions | $300,000 |
| 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 | $812,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Alchemy San Francisco, CA | $4,468,655 | $27,841,337 |
Ladera Ranch Maintenance Corporation Irvine, CA | $22,199,905 | $24,770,560 |
LAMP INC DBA Lamp Community Los Angeles, CA | $0 | $18,807,252 |
County Of Riverside Asset Leasing Corporation Riverside, CA | $424,339,421 | $18,501,020 |
City Of Glendale Municipal Property Corporation Glendale, AZ | $246,934,000 | $15,805,000 |
Downtown San Diego Partnership San Diego, CA | $3,005,866 | $9,913,958 |
El Dorado Community Service Center Santa Clarita, CA | $4,302,253 | $8,147,588 |
Sun City Oro Valley Community Association Inc Oro Valley, AZ | $28,029,235 | $8,742,643 |
Estrella Joint Committee Inc A Non-Profit Corporation Scottsdale, AZ | $5,462,539 | $8,224,629 |
Silicon Valley Education Foundation San Jose, CA | $5,009,604 | $7,057,784 |
Villages At Estrella Mountain Ranch Community Association Scottsdale, AZ | $5,670,197 | $7,276,595 |
Campesinos Unidos Brawley, CA | $3,476,842 | $6,350,880 |