Neighborhood Market Association Inc
- Assets
- $185.4k
- Revenue
- $553.2k
- Investments
- $0.0
- Employees
- 6
- Location
- San Diego, CA
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 33-0673466
Organization Overview
Neighborhood Market Association Inc is located in San Diego, CA. The organization was established in 1995. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Neighborhood Market Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Market Association Inc 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 12/2021, Neighborhood Market Association Inc generated $553.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $387.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE AND UPDATE OUR INDUSTRY REGARDING LAWS & REGULATIONS, SOCIAL, & ECONOMICAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION FOR FOOD & BEVERAGE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arkan Somo Immediate Past President | Officer | 40 | $90,175 |
Marlon Mansour President | Officer | 40 | $35,000 |
Firas Soro Executive Chairman | Trustee | 1 | $0 |
Mark Kassab Vice Chairman | Trustee | 1 | $0 |
Remon Mansour Treasurer | Trustee | 1 | $0 |
Steve Mattia Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,800 |
| Fundraising events | $190,000 |
| Related organizations | $0 |
| Government grants | $59,965 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,037 |
| Total Program Service Revenue | $83,139 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,031 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $553,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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. | $125,175 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,450 |
| Fees for services: Accounting | $1,600 |
| 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 | $4,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,843 |
| Travel | $1,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,040 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214 |
| Insurance | $18,407 |
| All other expenses | $13,982 |
| Total functional expenses | $387,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $892 |
| 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 | $5,501 |
| Net Land, buildings, and equipment | $1,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,028 |
| Total assets | $185,381 |
| Accounts payable and accrued expenses | $0 |
| 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 | $11,264 |
| Total liabilities | $11,264 |
| Net assets without donor restrictions | $174,117 |
| 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 | $185,381 |
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