Mt Soledad Memorial Association
- Assets
- $5.7m
- Revenue
- $1.6m
- Investments
- $1.2m
- Employees
- 4
- Location
- San Diego, CA
- Founding
- 11/1968
- Data as of
- 12/2022
- EIN
- 95-2373533
Organization Overview
Mt Soledad Memorial Association is located in San Diego, CA. The organization was established in 1968. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Mt Soledad Memorial Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Soledad Memorial Association 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 12/2022, Mt Soledad Memorial Association generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $648.7k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
MAINTENANCE/DEVELOPMENT OF A MEMORIAL PARK HONORING OUR VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, REPAIR AND MAINTENANCE OF MEMORIAL CROSS AT PARK ON MT. SOLEDAD, LA JOLLA, CALIFORNIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Scanlon Trustee | Trustee | 0.46 | $0 |
Tony Anthony Trustee | Trustee | 5.54 | $0 |
Martin Garrick 2nd Vice Pres. | OfficerTrustee | 0.46 | $0 |
John M Dadian Trustee | Trustee | 0.26 | $0 |
Neil O'connell Executive Director | OfficerTrustee | 6.92 | $65,385 |
Phil Kendro 1st Vice Pres. | OfficerTrustee | 2.31 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,015 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,209,547 |
| Noncash contributions included in lines 1a–1f | $7,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,225,562 |
| Total Program Service Revenue | $0 |
| Investment income | $22,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $324,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,572,237 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $47,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,178 |
| Advertising and promotion | $20,530 |
| Office expenses | $105,728 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,703 |
| 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 | $22,959 |
| Insurance | $13,482 |
| All other expenses | $0 |
| Total functional expenses | $648,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,860 |
| Savings and temporary cash investments | $774,701 |
| 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 |
| Net Land, buildings, and equipment | $1,498,332 |
| Investments—publicly traded securities | $1,267,103 |
| Investments—other securities | $1,202,196 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,979 |
| Total assets | $5,708,171 |
| Accounts payable and accrued expenses | $25,927 |
| 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 | $113,750 |
| Total liabilities | $139,677 |
| Net assets without donor restrictions | $5,341,924 |
| Net assets with donor restrictions | $226,570 |
| 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 | $5,708,171 |