Soma West Community Benefit District
- Assets
- $3.2m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 28
- Location
- San Francisco, CA
- Founding
- Data as of
- 06/2021
- EIN
- 83-4557886
Organization Overview
Soma West Community Benefit District is located in San Francisco, CA. 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 06/2021, Soma West Community Benefit District employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soma West Community Benefit District 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 06/2021, Soma West Community Benefit District generated $4.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. 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
SOMA WEST COMMUNITY BENEFIT DISTRICTS PRIMARY EXEMPT PURPOSE IS TO ADVANCE THE COMMON GOOD, GENERAL WELFARE, AND QUALITY OF LIFE OF ALL SAN FRANCISCANS AND VISITORS TO SAN FRANCISCO BY ENHANCING ENVIRONMENTAL QUALITY AND BEAUTY IN THE DISTRICT, AND... (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAN, SAFE, AND BEAUTIFUL (7/1/20-6/30/21): SOMA WEST CBD WAS BUSY DURING THE FISCAL YEAR ENDED 6/30/21. INITIATIVES INCLUDE: FORMING A SAFETY & SERVICES COMMITTEE AND A STREESCAPE AND PUBLIC REALM COMMITTEE AS WELL AS AN EFFECTIVE AND COMPASSIONATE OUTREACH TEAM. A DIVERSE CLEAN TEAM CONSISTING OF 16 AMBASSADORS, SIX TRUCKS, A PURPOSE-BUILT PRESSURE WASHING RIG, AND MORE. IN Q4 2020 ALONE THEY HAD PICKED UP 286,000 POUNDS OF TRASH. CLEANLINESS ISSUES DROPPED BY 10,000 ISSUES (A 33% IMPROVEMENT IN COMPARISON WITH PRIOR YEAR). INSTALLED 75 PLANTERS AND PLANTS, 53 BIG BELLY TRASH CANS FEATURING ART FROM LOCAL ARTISTS AND THE LGBTQ LEATHER COMMUNITY.
MARKETING AND ADVOCACY (7/1/20-6/30/21): FORMED A NEIGHBORHOOD IDENTITY COMMITTEE IN ADDITION TO UNDERTAKING A COMPREHENSIVE PROJECT TO DOCUMENT THE DINING ESTABLISHMENTS IN THE DISTRICT THAT WERE (AND ARE) OPEN FOR BUSINESS DURING COVID, WHICH RESULTED IN OPEN FOR DINING PAGE ON OUR WEBSITE. SOMA WEST CBD BECAME A KEY SPONSOR OF SUNDAY STREETS WHICH ACTIVATES THE ENTIRE DISTRICT AND LAUNCHED SEVERAL INITIATIVES FOR SMALL MERCHANTS, INCLUDING A STRATEGIC PARTNERSHIP WITH THE LOWER POLK TENANT LANDLORD CLINIC. THEY ALSO EMBARKED ON A SERIES OF SOMASAPIENS DOCUMENTARY VIDEOS TO RAISE MERCHANT AWARENESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Martin Executive Director | 50 | $200,729 | |
Brendan Tobin Treasurer | OfficerTrustee | 2 | $0 |
James Spinello President | OfficerTrustee | 3 | $0 |
Alex Ludlum Vice President | OfficerTrustee | 2 | $0 |
Debra Benedict Secretary | OfficerTrustee | 2 | $0 |
Tim Figueras Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,220 |
| Total Program Service Revenue | $3,867,763 |
| Investment income | $444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,095,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,520 |
| 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. | $197,023 |
| Compensation of current officers, directors, key employees. | $15,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,287,220 |
| Pension plan accruals and contributions | $29,547 |
| Other employee benefits | $195,934 |
| Payroll taxes | $107,801 |
| Fees for services: Management | $159,338 |
| Fees for services: Legal | $6,213 |
| Fees for services: Accounting | $122,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,715 |
| Advertising and promotion | $10,578 |
| Office expenses | $0 |
| Information technology | $157,281 |
| Royalties | $0 |
| Occupancy | $287,608 |
| Travel | $36,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,548 |
| Interest | $1,246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,076 |
| Insurance | $80,996 |
| All other expenses | $16,607 |
| Total functional expenses | $3,256,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,266,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575,370 |
| 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 | $115,855 |
| Net Land, buildings, and equipment | $254,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,212,262 |
| Accounts payable and accrued expenses | $288,001 |
| 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 | $0 |
| Total liabilities | $288,001 |
| Net assets without donor restrictions | $2,349,123 |
| Net assets with donor restrictions | $575,138 |
| 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 | $3,212,262 |
Grants Awarded
Over the last fiscal year, Soma West Community Benefit District has awarded $144,716 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: Baysia event UNDISCOVERED SF event | $31,508 |
San Francisco, CA PURPOSE: Baysia event UNDISCOVERED SF event | $31,508 |
San Francisco, CA PURPOSE: Consulting services for SWCBD startup | $30,850 |
San Francisco, CA PURPOSE: Consulting services for SWCBD startup | $30,850 |
San Francisco, CA PURPOSE: Eye Zen Art | $10,000 |
San Francisco, CA PURPOSE: Eye Zen Art | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Soma West Community Benefit District has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
Kelson Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $10,000 |
The Sand Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
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 |