Balboa Peninsula Point Association
- Assets
- $137.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Balboa, CA
- Founding
- 06/1977
- Data as of
- 04/2023
- EIN
- 95-2394602
Organization Overview
Balboa Peninsula Point Association is located in Balboa, CA. The organization was established in 1977. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, 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. Balboa Peninsula Point Association 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 04/2023, Balboa Peninsula Point Association generated $26.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $32.7k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 4 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
THE BALBOA PENINSULA POINT ASSOCIATION WAS INCORPORATED AS A NON-PROFIT ORGANIZATION IN JULY 1949, FOR THE PURPOSE OF REPRESENTATION IN COMMUNITY AFFAIRS, PROVIDING RECREATIONAL FACILITIES, SOCIAL GATHERINGS, AND GENERALLY PROMOTING THE WELL-BEING OF POINT RESIDENTS AND PROPERTY OWNERS. MEMBERS BENEFITTED DURING THE YEAR: 310.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Shapiro Vice President | 0.38 | $0 | |
Nancy Byrnes Secretary | 0.38 | $0 | |
Vic Lebrun Treasurer | 0.38 | $0 | |
Fred Scalzo President | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $34,401 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$9,092 |
| Other Revenue | $1,075 |
| Total Revenue | $26,384 |
| 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 | $1,560 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $273 |
| Other expenses | $30,817 |
| Total expenses | $32,650 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,409 |
| Other assets | $0 |
| Total assets | $137,728 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,728 |