Downtown Manhattan Beach Business And Professional Association
- Assets
- $278.2k
- Revenue
- $238.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Manhattan Beach, CA
- Founding
- 06/1987
- Data as of
- 06/2022
- EIN
- 95-3986418
Organization Overview
Downtown Manhattan Beach Business And Professional Association is located in Manhattan Beach, CA. The organization was established in 1987. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Manhattan Beach Business And Professional Association 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 06/2022, Downtown Manhattan Beach Business And Professional Association generated $238.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $198.8k during the year ending 06/2022. While expenses have increased by 0.9% 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
THE ASSOCIATION WORKS TO PROMOTE AND SUPPORT THE DOWNTOWN MANHATTAN BEACH BUSINESS DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WORKS TO PROMOTE, MARKET, AND SUPPORT DOWNTOWN MANHATTAN BEACH, CA AND TO CREATE A UNIQUE ENVIRONMENT THRU ADVERTSING, COMMUNITY PROGRAMS, NEWSLETTERS, AND SPECIAL EVENTS INCLUDING BUT NOT LIMITED TO THE DOWNTOWN DOLLARS PROMOTION, THE HOLIDAY DECORATION PROGRAM, THE HOLIDAY OPEN HOUSE, THE SPRING AND SUMMER SIDEWALK SALES, THE SHOPPING DAYS PROMOTION, AND THE ADVERTISING CO-OP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Simms President | OfficerTrustee | 2 | $0 |
Linda Mcloughlin Figel Past President | OfficerTrustee | 2 | $0 |
Maureen Mcbride Director | Trustee | 2 | $0 |
Jenna Ritter Secretary | OfficerTrustee | 2 | $0 |
Dave Caskey Director | Trustee | 2 | $0 |
Michael Zislis Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,758 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $135,878 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,636 |
| 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 | $71,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,761 |
| 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 | $9,900 |
| 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 | $0 |
| Insurance | $6,825 |
| All other expenses | $0 |
| Total functional expenses | $198,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,856 |
| 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 | $278,247 |
| Accounts payable and accrued expenses | $15,067 |
| 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 | $1,293 |
| Total liabilities | $16,360 |
| Net assets without donor restrictions | $261,887 |
| 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 | $261,887 |