Fairbanks Ranch Association
- Assets
- $6.4m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 46
- Location
- Rancho Santa Fe, CA
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 95-3538095
Organization Overview
Fairbanks Ranch Association is located in Rancho Santa Fe, CA. The organization was established in 2004. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Fairbanks Ranch Association employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Ranch 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 12/2022, Fairbanks Ranch Association generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 7 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
TO PROVIDE MANAGEMENT AND MAINTENANCE OF COMMONLY OWNED AREAS OF THE RESIDENTIAL DEVELOPMENT FOR THE BETTERMENT OF THE COMMUNITY AND ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURITY; THE SECURITY COMMITTEE ADVISES THE BOARD OF DIRECTORS ON SECURITY ISSUES AND COORDINATES WITH THE SAN DIEGO SHERIFF'S DEPARTMENT REGARDING POLICE ISSUES WITHIN AND NEAR THE COMMUNITY. THE ASSOCIATION MAINTAINS AN IN-HOUSE SECURITY STAFF WHICH PROVIDES 24/7 SECURITY PATROL WITHIN THE COMMUNITY. THE SECURITY DIRECTOR MONITORS ALL SECURITY ACTIVITIES AFFECTING THE ASSOCIATION. -;
TO PROVIDE MANAGEMENT AND MAINTENANCE OF COMMONLY OWNED AREAS OF THE RESIDENTIAL DEVELOPMENT FOR THE BETTERMENT OF THE COMMUNITY AND ITS MEMBERS
MAINTENACE OF COMMON AREAS AND RECREATIONAL FACILITIES; THE ASSOCIATION OWNS AND MAINTAINS MONUMENT SIGNS, VARIOUS RECREATIONA FACILITIES FOR USE BY ITS MEMBERS AND GUESTS. THESE INCLUDE 360 ACRES OF GREENBELTS, MAINTENANCE OF FIVE TENNIS COURTS, TWO COMMUNITY LAKES, CLUBHOUSE, AND RECREATIONAL AREAS INCLUDING A PLAYGROUND AND 15 ACRE PARK.
MAINTENACE OF ROADS AND STREET LIGHTS: THE ASSOCIATION MAINTAINS 13 MILES OF ROADS AND STREET LIGHTS WITHIN THE ASSOCIATION. THE ROADS ARE USED BY MEMBERS AND THE GENERAL PUBLIC AS THEY ACCESS THE EQUESTRIAN FACILITIES, FOR WHICH SUCH MAINTENANCE FUNCTIONS ARE NORMALLY PERFORMED BY GOVERNMENTAL ENTITTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Majid Ahmadi Secretary | Officer | $0 | |
Robert Gerard CFO | Officer | $0 | |
Mark Lindsey President | Officer | $0 | |
Mona Sobel Vice-Preside | Officer | $0 | |
Daniel Tevrizian Director At | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,588,827 |
| Investment income | $34,246 |
| 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 | $6,623,073 |
| 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 | $2,448,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,924 |
| Fees for services: Accounting | $36,377 |
| 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 | $137,972 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,394 |
| Insurance | $546,548 |
| All other expenses | $309,458 |
| Total functional expenses | $5,595,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,703,535 |
| Savings and temporary cash investments | $2,996,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,247 |
| 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 | $267,380 |
| Net Land, buildings, and equipment | $48,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,511 |
| Total assets | $6,404,304 |
| Accounts payable and accrued expenses | $353,534 |
| 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 | $1,258,379 |
| Total liabilities | $1,611,913 |
| Net assets without donor restrictions | $76,006 |
| Net assets with donor restrictions | $4,716,385 |
| 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 | $6,404,304 |