Oxnard Downtown Management District Inc
- Assets
- $103.8k
- Revenue
- $230.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Oxnard, CA
- Founding
- 01/2004
- Data as of
- 06/2021
- EIN
- 91-2164956
Organization Overview
Oxnard Downtown Management District Inc is located in Oxnard, CA. The organization was established in 2004. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2021, Oxnard Downtown Management District Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oxnard Downtown Management District Inc 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 06/2021, Oxnard Downtown Management District Inc generated $230.6k 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 (9.2%) each year. All expenses for the organization totaled $506.1k 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
WE BRING TOGETHER COMMUNITY, BUSINESS, & GOVERNMENT RESOURCES WITH FOCUSED ENERGY TO PROMOTE A CULTURALLY & ECONOMICALLY VIBRANT CITY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BRING TOGETHER COMMUNITY, BUSINESS, & GOVERNMENT RESOURCES WITH FOCUSED ENERGY TO PROMOTE A CULTURALLY & ECONOMICALLY VIBRANT CITY CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abel Magana Executive Dir. | OfficerTrustee | 40 | $70,000 |
Osbaldo Lopez Chairman | OfficerTrustee | 0 | $0 |
Lorenzo Castillo Trustee | Trustee | 0 | $0 |
Kim Recharte Treasurer | OfficerTrustee | 0 | $0 |
Alfredo Plascencia Trustee | Trustee | 0 | $0 |
Angelica Estrada Secretary | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $230,641 |
| Statement of Expenses | |
|---|---|
| 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. | $64,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,403 |
| Payroll taxes | $19,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $1,055 |
| 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 | $1,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $924 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $866 |
| Insurance | $3,897 |
| All other expenses | $0 |
| Total functional expenses | $506,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,796 |
| Accounts payable and accrued expenses | $5,921 |
| 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 | $8,509 |
| Total liabilities | $14,430 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $89,366 |
Grants Awarded
Over the last fiscal year, Oxnard Downtown Management District Inc has awarded $52,381 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN OXNARD IMP ASSOC PURPOSE: Transfer of Services | $37,381 |
OXNARD DOWNTOWNERS PURPOSE: Holiday Program Sponsorship | $15,000 |