Irvine Spectrum Transportation Management Assoc
- Assets
- $890.3k
- Revenue
- $675.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Irvine, CA
- Founding
- 05/1993
- Data as of
- 06/2023
- 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 06/2023, Spectrumotion employed 5 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 06/2023, Spectrumotion generated $675.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $640.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS BY PROVIDING FOR TRANSPORTATION MANAGEMENT AND SERVICES TO PROMOTE RIDESHARING BY ITS MEMBERS' EMPLOYEES AND TENANTS TO ADDRESS LOCAL TRANSPORTATION PROBLEMS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN THE GEOGRAPHIC AREA OF IRVINE, CALIF. KNOWN AS THE IRVINE SPECTRUM.AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL DRIVERS WITHIN THE COMMUNITY. THE AREA IS COMPRISED OF APPROXIMATELY 1,700 ACRES AND IS HOME TO OVER 3,800 COMPANIES EMPLOYING IN EXCESS OF 116,000 PEOPLE. THE ASSOCIATION WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVE, AND OTHERS WITHIN IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS, AND SERVICES TO REDUCE CAR TRAFFIC IN THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVE, AND OTHERS WITHIN IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS, AND SERVICES TO REDUCE CAR TRAFFIC IN THE AREA.
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 22014, THE CITY AND THE ASSOCIATION AGREED TO FURTHER FUNDING COMMITMENTS OF $120,000 PAYABLE IN THREE YEARS, WITH QUARTERLY PAYMENTS OF $10,000 EACH, COMMENCING ON SEPTEMBER 30, 2014.
TRANSIT PASS SUBSIDYTHE ASSOCIATION SUBSIDIZES THE COST OF AN ORANGE COUNTY TRANSIT AUTHORITY 30-DAY PASS FOR ALL NEW BUS RIDERS IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS.COMMUTER RAIL PASS SUBSIDYTHE ASSOCIATION SUBSIDIZES THE COST OF ONE MONTHLY METROLINK PASS, OR FIVE-DAY FLEX PASS FOR ALL NEW TRAIN RIDERS TO ATTRACT NEW RIDESHARE PARTICIPANTS.VANPOOL SUBSIDYTHE ASSOCIATION SUBSIDIZES THE SECOND-MONTH COSTS OF A NEW VANPOOL PARTICIPANT TO ATTRACT NEW RIDESHARE PARTICIPANTS TO ATTRACT NEW RIDESHARE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kessler President | OfficerTrustee | 2 | $0 |
Holly Mcmanus Vice President | OfficerTrustee | 2 | $0 |
Jay Warner Treasurer | OfficerTrustee | 2 | $0 |
Golda Egge Secretary | OfficerTrustee | 2 | $0 |
Miguel Arias Board Member | Trustee | 2 | $0 |
Mercy Cordero Board 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 | $674,227 |
| Investment income | $1,210 |
| 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 | $675,746 |
| 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. | $140,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,467 |
| Pension plan accruals and contributions | $15,071 |
| Other employee benefits | $32,557 |
| Payroll taxes | $30,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,865 |
| Advertising and promotion | $33,089 |
| Office expenses | $18,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,801 |
| Travel | $4,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $880 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,256 |
| Insurance | $8,106 |
| All other expenses | $0 |
| Total functional expenses | $640,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,152 |
| Savings and temporary cash investments | $696,268 |
| 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 | $13,955 |
| Net Land, buildings, and equipment | $16,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,383 |
| Total assets | $890,319 |
| Accounts payable and accrued expenses | $40,200 |
| Grants payable | $0 |
| Deferred revenue | $1 |
| 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 | $41,383 |
| Total liabilities | $81,584 |
| Net assets without donor restrictions | $508,735 |
| 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 | $890,319 |