King Harbor Lessee Association
- Assets
- $252.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- Data as of
- 06/2023
- EIN
- 85-2022630
Organization Overview
King Harbor Lessee Association is located in Redondo Beach, CA. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. King Harbor Lessee Association 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 06/2023, King Harbor Lessee Association generated $85.5k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $103.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO MARKET AND PROMOTE KING HARBOR IN REDONDO BEACH CA. THE ASSOCIATION PROVIDES SUPPORT FOR MERCHANNTS AND THE CITY OF REDONDO BEACH IN PROVIDING EVENTS AND EVENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $85,461 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,467 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $93,370 |
| Total expenses | $103,870 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $247,678 |
| Other assets | $0 |
| Total assets | $252,276 |
| Total liabilities | $56,567 |
| Net assets or fund balances | $195,709 |