Modesto Improvement Partnership Inc
- Assets
- $914.2k
- Revenue
- $894.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Modesto, CA
- Founding
- 01/2016
- Data as of
- 12/2023
- 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 12/2023, Modesto Improvement Partnership Inc employed 5 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 12/2023, Modesto Improvement Partnership Inc generated $894.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.1m 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
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 Former CEO | OfficerTrustee | 40 | $113,963 |
Barrett Lipomi Chairman | OfficerTrustee | 40 | $0 |
Blaine Cox Member | Trustee | 0 | $0 |
Sue Zwahlen Member | Trustee | 0 | $0 |
Blake Humble Member | Trustee | 0 | $0 |
Charles Doll Secretary | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $823,618 |
| Investment income | $1,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $894,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,500 |
| 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. | $113,963 |
| Compensation of current officers, directors, key employees. | $12,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,866 |
| Pension plan accruals and contributions | $16,073 |
| Other employee benefits | $46,403 |
| Payroll taxes | $27,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,766 |
| Fees for services: Accounting | $35,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,937 |
| Office expenses | $13,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,326 |
| Travel | $4,806 |
| 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 | $9,943 |
| Insurance | $2,212 |
| All other expenses | $11,456 |
| Total functional expenses | $1,096,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,290 |
| Savings and temporary cash investments | $321,550 |
| Pledges and grants receivable | $28,771 |
| 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 | $1,291 |
| Net Land, buildings, and equipment | $14,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $484,865 |
| Total assets | $914,224 |
| 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 | $295,430 |
| Total liabilities | $295,430 |
| Net assets without donor restrictions | $618,794 |
| 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 | $914,224 |