Modesto Improvement Partnership Inc
- Assets
- $4.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Modesto, CA
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-5067361
Organization Overview
Modesto Improvement Partnership Inc is located in Modesto, CA. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Modesto Improvement Partnership Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Modesto Improvement Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Modesto Improvement Partnership Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.2m 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
TO BUILD A POSITIVE IMAGE OF DOWNTOWN MODESTO BY HIGHLIGHTING ALL THE GREAT THINGS THE COMMUNITY HAS TO OFFER AND BOLSTERING SERVICES THAT IMPROVE THE USER EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE THE DOWNTOWN MODESTO COMMUNITY BENEFIT DISTRICT FOR THE CITY OF MODESTO WHILE ENHANCING THE DOWNTOWN EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Bridegroom CEO | OfficerTrustee | 40 | $124,421 |
Fred Silva Chairman | OfficerTrustee | 0 | $0 |
Lynn Dickerson Vice President | OfficerTrustee | 0 | $0 |
Barrett Lipomi Treasurer | OfficerTrustee | 0 | $0 |
Saul Trujillo Secretary | OfficerTrustee | 0 | $0 |
Blake Humble Member | Trustee | 0 | $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 | $31,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,650 |
| Total Program Service Revenue | $1,165,432 |
| Investment income | $1,011 |
| 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 | $1,379,029 |
| 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. | $124,421 |
| Compensation of current officers, directors, key employees. | $13,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,269 |
| Pension plan accruals and contributions | $17,211 |
| Other employee benefits | $50,162 |
| Payroll taxes | $25,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,430 |
| Advertising and promotion | $10,147 |
| Office expenses | $9,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,055 |
| Travel | $8,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,379 |
| Insurance | $3,503 |
| All other expenses | $19,094 |
| Total functional expenses | $1,198,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $179,589 |
| 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 | $2,247 |
| Net Land, buildings, and equipment | $33,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,263,856 |
| Total assets | $4,076,515 |
| Accounts payable and accrued expenses | $22,645 |
| 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 | $3,244,633 |
| Total liabilities | $3,267,278 |
| Net assets without donor restrictions | $809,237 |
| 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 | $4,076,515 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Modesto Improvement Partnership Inc has recieved totaling $162,500.
| Awarding Organization | Amount |
|---|---|
Stanislaus Community Foundation Modesto, CA | | $157,500 |
Credit Unions In The State Of California Modesto, CA PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |
Community Action Partnership Of Sonoma County Santa Rosa, CA | $6,669,063 | $15,581,119 |
Ideoorg San Francisco, CA | $12,398,491 | $9,854,732 |
Reinvent Stockton Foundation Stockton, CA | $46,832,546 | $19,773,564 |
Project Access Inc Orange, CA | $2,961,540 | $13,042,187 |
East Los Angeles Community Union Los Angeles, CA | $130,392,954 | $16,987,947 |
Gamaliel Of California Santa Rosa, CA | $3,034,268 | $10,017,971 |
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |