Downtown Encinitas Mainstreet Assn
- Assets
- $236.6k
- Revenue
- $300.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Encinitas, CA
- Founding
- 08/1983
- Data as of
- 03/2022
- EIN
- 95-3843066
Organization Overview
Downtown Encinitas Mainstreet Assn is located in Encinitas, CA. The organization was established in 1983. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Downtown Encinitas Mainstreet Assn employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Encinitas Mainstreet Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Downtown Encinitas Mainstreet Assn generated $300.9k 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 (7.5%) each year. All expenses for the organization totaled $405.9k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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 MISSION OF ENCINITAS 101 MAINSTREET IS TO IMPROVE AND PRESERVE A DESIRABLE HISTORIC DOWNTOWN ENCINITAS THAT PROVIDES AN EXCEPTIONAL ATMOSPHERE FOR THE COMMUNITY AND ITS VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEMA ADDED ADDITIONAL LIGHTING TO DOWNTOWN ENCINITAS FOR YEAR ROUND LIGHTING. -- BROUGHT ENCINITAS COMMUNITY EVENTS BACK ONLINE. -- HELPED PERSUADE THE CITY, COUNTY, AND THE STATE TO EXTEND RELIEF EFFORTS IN ALLOWING OUTDOOR DINING - SHARED STREETS PROGRAM. -- KEEP THE COMMUNITY INFORMED OF REOPENING EFFORTS THROUGH E-NEWSLETTER AND SOCIAL MEDIA ACCOUNTS. - CREATED A COMMUNITY EVENT (ENCINITUS DAY) THAT HIGHLIGHTED THE SMALL BUSINESSES THAT STILL NEEDED SUPPORT FROM COVID LOSSES -- INFORMED THE COMMUNITY ABOUT SPECIAL EVENTS IN ENCINITAS THROUGH A WEEKLY NEWSLETTER THAT REACHES MORE THAN 4,000 SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wornham Treasurer | Officer | 4 | $0 |
Emily Hester Secretary | Officer | 2.4 | $0 |
Dave Peck President | Officer | 2.4 | $0 |
David Arato Vice President | Officer | 1.6 | $0 |
Joseph Ramaglia Director | Trustee | 2.4 | $0 |
Robin Canedy Director | Trustee | 2.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,966 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,928 |
| Total Program Service Revenue | $150,281 |
| Investment income | $112 |
| 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 | $33,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,882 |
| 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 | $113,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,600 |
| Payroll taxes | $10,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,642 |
| Advertising and promotion | $9,900 |
| Office expenses | $20,227 |
| Information technology | $2,378 |
| Royalties | $0 |
| Occupancy | $26,871 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,499 |
| Interest | $4,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,979 |
| Insurance | $6,898 |
| All other expenses | $26,815 |
| Total functional expenses | $405,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,264 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,341 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $46,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $236,557 |
| Accounts payable and accrued expenses | $5,483 |
| Grants payable | $0 |
| Deferred revenue | $177,800 |
| 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 | $157,562 |
| Other liabilities | $0 |
| Total liabilities | $340,845 |
| Net assets without donor restrictions | -$104,288 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $236,557 |
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