Napa County Public Improvement Corporation
- Assets
- $36.0m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Napa, CA
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 94-3052185
Organization Overview
Napa County Public Improvement Corporation is located in Napa, CA. The organization was established in 1988. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Napa County Public Improvement Corporation 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 06/2022, Napa County Public Improvement Corporation generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE NAPA COUNTY IMPROVEMENT CORPORATION IS TO ACT AS A FINANCING AGENT FOR THE COUNTY'S CONSTRUCTION PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXPENSES SHOWN ARE THE INTEREST, ADMINISTRATIVE FEES, AND THE DEPRECIATION RELATED TO THE COUNTY'S 2014 CERTIFICATES OF PARTICIPATION (COP). THE 2014 COP ISSUED ON APRIL 1, 2014 FINANCED THE ACQUISITION OF LAND AND THE IMPROVEMENT OF CAPITAL FACILITES FOR THE COUNTY. PLEASE NOTE: PRINCIPAL PAYMENT RELATED TO THE 2014 COP WAS #1,700,000 AND THE DEPRECIATION WAS $735,637 FOR THE YEAR.
THE EXPENSES SHOWN ARE THE INTEREST, ADMINISTRATIVE FEES, AND THE DEPRECIATION RELATED TO THE COUNTY'S 1993 COP ISSUE; WHICH FUNDED THE ACQUISITION AND CONSTRUCTION OF THE NEW SHERIFF'S FACILITY AND THE CONSTRUCTION AND REMODEL OF THE JUVENILE CENTER. THE 2012 COP PAID OFF THE 2003 COP AS WELL AS FINANCED A RESERVE FUND AND BOND ADMINISTRATIVE COSTS. PLEASE NOTE: PRINCIPAL PAYMENT RELATED TO THE 2012 COP WAS $5,300,000 AND DEPRECIATION WAS $651,810 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Gregory President | Officer | 0.3 | $0 |
Brad Wagenknecht Vice President | Officer | 0.3 | $0 |
Tracy A Schulze Treasurer | Officer | 0.3 | $0 |
Neha Hoskins Secretary | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,750,168 |
| Investment income | $38 |
| 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 | $6,750,206 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $457,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,387,447 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,855,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,016 |
| 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 | $36,006,018 |
| 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 | $3,605,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,605,000 |
| Net assets without donor restrictions | $32,401,018 |
| 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 | $32,401,018 |