Moffett Park Business Group
- Assets
- $672.7k
- Revenue
- $120.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Sunnyvale, CA
- Founding
- 08/2002
- Data as of
- 05/2023
- EIN
- 77-0576023
Organization Overview
Moffett Park Business Group is located in Sunnyvale, CA. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moffett Park Business Group 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 05/2023, Moffett Park Business Group generated $120.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $133.8k during the year ending 05/2023. 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
WE ADDRESS COMMON BUSINESS CONCERNS WITHIN THE MOFFETT PARK AREA WITH A FOCUS ON DEVELOPMENT, SUSTAINABILITY, COMMUNITY ENGAGEMENT, AND IMPROVED MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE SHUTTLE BUS SERVICE FROM PUBLIC TRANSIT SERVICE TO THE MOFFETT PARK AREA. SUBSIDIZE CARPOOL TRIPS THROUGH A CARPOOL PROGRAM TO MEMBER COMPANIES EMPLOYEES. PROVIDE VARIOUS TRANSPORTATION PROGRAMS THAT INCENT MEMBER COMPANIES EMPLOYEES TO TRY VANPOOLS, BIKES AND PUBLIC TRANSIT. WE ARE ABLE TO PROVIDE THESE SERVICE IN PART DUE TO IN-KIND CONTRIBUTIONS FROM LOCAL CORPORATION EQUAL TO $71,781.05 FOR SHUTTLE BUS SERVICE.
PROVIDE DISCOUNTS AND INFORMATION TO MEMBER COMPANIES AND EMPLOYEES ON THE USE OF PUBLIC TRANSPORTATION BY MEANS OF INFORMATION FAIRS, EDUCATION COURSES, AND NEWSLETTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Haywood Executive Dir. | OfficerTrustee | 40 | $96,030 |
Rena Ren Director | Trustee | 0.5 | $0 |
Gant Gonzales Director | Trustee | 0.5 | $0 |
Robert Bonderer Director | Trustee | 0.5 | $0 |
Connie Verceles Ex-Officio | Trustee | 0.5 | $0 |
Mike Lerman Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $119,840 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,940 |
| Total Program Service Revenue | $0 |
| Investment income | $116 |
| 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 | $120,056 |
| 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. | $99,895 |
| Compensation of current officers, directors, key employees. | $64,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| 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 | $190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,577 |
| All other expenses | -$8,945 |
| Total functional expenses | $133,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,401 |
| Savings and temporary cash investments | $127,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,200 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,686 |
| Total assets | $672,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $49,686 |
| 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 | $0 |
| Total liabilities | $49,686 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $623,009 |
| 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 | $672,695 |