Civic Intelligence

Del Mar Village Association Inc

EIN 05-0523622 • 501(c)3 • Del Mar, CA

Profile

Provides a venue for Del Mar

1442 Camino Del Mar 217Del Mar, CA 92014

delmarmainstreet.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.47x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

76th percentile

0.17x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

45th percentile

2.1%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

97th percentile

$225,671

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

56th percentile

5.6%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

50th percentile

6.5%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$333,554

Up $17,786 (+5.6%) from 2024

Liabilities

Up

$157,702

Up $15,451 (+11%) from 2024

Net Assets

Up

$175,852

Up $2,335 (+1.3%) from 2024

Revenue

Up

$903,762

Up $55,330 (+6.5%) from 2024

Expenses

Up

$884,805

Up $71,451 (+8.8%) from 2024

Net Income

Down

$18,957

Down $16,121 (-46%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2012: $153,828Liabilities 2012: $53,987Net Assets 2012: $99,8412012Assets 2013: $109,360Liabilities 2013: $2,186Net Assets 2013: $107,1742013Assets 2014: $41,833Liabilities 2014: $705Net Assets 2014: $41,1282014Assets 2015: $38,599Liabilities 2015: $1,295Net Assets 2015: $37,3042015Assets 2016: $55,330Liabilities 2016: $10,553Net Assets 2016: $44,7772016Assets 2017: $38,363Liabilities 2017: $8,532Net Assets 2017: $29,8312017Assets 2018: $79,666Liabilities 2018: $4,820Net Assets 2018: $74,8462018Assets 2019: $38,272Liabilities 2019: $8,984Net Assets 2019: $29,2882019Assets 2020: $214,935Liabilities 2020: $200,446Net Assets 2020: $14,4892020Assets 2021: $272,640Liabilities 2021: $191,523Net Assets 2021: $81,1172021Assets 2022: $325,194Liabilities 2022: $152,761Net Assets 2022: $172,4332022Assets 2023: $300,533Liabilities 2023: $145,571Net Assets 2023: $154,9622023Assets 2024: $315,768Liabilities 2024: $142,251Net Assets 2024: $173,5172024Assets 2025: $333,554Liabilities 2025: $157,702Net Assets 2025: $175,8522025

Highlighted filing

2025

Assets$333,554
Liabilities$157,702
Net Assets$175,852

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $318,097Expenses 2012: $296,050Net Income 2012: $22,0472012Revenue 2013: $255,925Expenses 2013: $248,592Net Income 2013: $7,3332013Revenue 2014: $251,430Expenses 2014: $317,476Net Income 2014: -$66,0462014Revenue 2015: $365,350Expenses 2015: $372,616Net Income 2015: -$7,2662015Revenue 2016: $448,747Expenses 2016: $432,344Net Income 2016: $16,4032016Revenue 2017: $429,597Expenses 2017: $444,543Net Income 2017: -$14,9462017Revenue 2018: $549,407Expenses 2018: $509,923Net Income 2018: $39,4842018Revenue 2019: $469,057Expenses 2019: $514,615Net Income 2019: -$45,5582019Revenue 2020: $552,901Expenses 2020: $567,700Net Income 2020: -$14,7992020Revenue 2021: $395,069Expenses 2021: $334,645Net Income 2021: $60,4242021Revenue 2022: $686,678Expenses 2022: $596,388Net Income 2022: $90,2902022Revenue 2023: $635,286Expenses 2023: $655,249Net Income 2023: -$19,9632023Revenue 2024: $848,432Expenses 2024: $813,354Net Income 2024: $35,0782024Revenue 2025: $903,762Expenses 2025: $884,805Net Income 2025: $18,9572025

Highlighted filing

2025

Revenue$903,762
Expenses$884,805
Net Income$18,957

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$1.58$1.76$9.04$8.85$0.19
2024Detailed filing. Detailed filing data is available for this year.$3.16$1.42$1.74$8.48$8.13$0.35
2023Detailed filing. Detailed filing data is available for this year.$3.01$1.46$1.55$6.35$6.55$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$1.53$1.72$6.87$5.96$0.90
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$1.92$0.81$3.95$3.35$0.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$2.00$0.14$5.53$5.68$0.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.09$0.29$4.69$5.15$0.46
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.05$0.75$5.49$5.10$0.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.09$0.30$4.30$4.45$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.11$0.45$4.49$4.32$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.37$3.65$3.73$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.41$2.51$3.17$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.02$1.07$2.56$2.49$0.07
2012Summary only. Only limited summary data is available for this year.$1.54$0.54$1.00$3.18$2.96$0.22
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 17, 2024
Return Version
2023v5.1
Gross Receipts
$848,432
Mission and Program Overview

Mission

Assist the city of del mar in enhancing the downtown economic vitality while preserving the citys history and unique character.

To assist the city of del mar in enhancing the downtown economic vitality while preserving the city's history and unique character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$262,383$288,109▲ $25,726
Rtn Earn Endowment Incm Other Fnds$154,962$173,517▲ $18,555
Cash and Non-Interest-Bearing Accounts$30,456$27,321▼ $3,135
Pledges and Grants Receivable$7,694$338▼ $7,356
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$300,533$315,768▲ $15,235
Liabilities
Unsecured Notes Loans Payable$142,208$134,516▼ $7,692
Accounts Payable and Accrued Expenses$3,363$7,735▲ $4,372
Total Liabilities$145,571$142,251▼ $3,320
Net Assets / Fund Balance
Total Net Assets Fund Balance$154,962$173,517▲ $18,555
Total Liabilities and Net Assets / Fund Balance$300,533$315,768▲ $15,235
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer GroveExecutive DirectorFT$168,000$36,996$204,996

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$252,960
Program Service Revenue
$588,740
Investment Income
$1,526
Other Revenue
$5,206
All Other Contributions
$147,960
Change in Net Assets
$35,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$587,256
Salaries, Compensation, and Employee Benefits$226,098
Total Fundraising Expense$39,657
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$350,035--$350,035
Current Officers, Directors, Trustees, and Key Employees$170,396$21,300$21,300$212,996
Advertising$125,802-$13,978$139,780
Office Expenses$4,699$7,208$1,322$13,229
Payroll Taxes$10,482$1,310$1,310$13,102
Conferences and Meetings$962$10,309-$11,271
Occupancy$8,064$1,030$1,011$10,105
Fees for Services Accounting-$8,139-$8,139
Insurance$5,400$1,221$736$7,357
Other Expenses$617$295-$912
Total Functional Expenses$719,317$54,380$39,657$813,354
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tyler GroveDaughter of Jen Grove, Executive DirectorIndependent Contractor ServicesNo$85,400
Alicia Dill GregsonWife of Robert Gregson (treasurer)Independent Contractor ServicesNo$53,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the executive director and the executive committee and then distributed to the board of directors before filing.

Form 990, Part VI, Section B, Line 12C

Once annually, each board member must review the conflict of interest policy, disclose any existing conflicts and sign a disclosure form affirming that they have read, understand and agree to comply with the policy.

Form 990, Part VI, Section B, Line 15

The executive committee reviews documents, salary surveys, comparable relevant salaries, and has internal discussions that are documented regarding the decision regarding the ceo/executive director salary and benefits.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Del Mar Village Association Inc
EIN
05-0523622
Phone
8587353650
Address
1442 CAMINO DEL MAR 217, DEL MAR, CA 92014

Signing Officer

Name
Kc Vafiadis
Title
Board Chair
Phone
8587353650
Signed
2024-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kc Vafiadis
Formed
2002
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
18
Employees
1
Volunteers
350

Preparer

Firm
Evergreen Alliance Professional Corp
Address
4332 CERRITOS AVE SUITE A105, LOS ALAMITOS, CA 90720
Phone
7143728110
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Program contractor expense: program service expenses 350,035. Management and general expenses 0. Fundraising expenses 0. Total expenses 350,035.

Raw XML AppendixShowing 400 of 540 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO ASSIST THE CITY OF DEL MAR IN ENHANCING THE DOWNTOWN ECONOMIC VITALITY WHILE PRESERVING THE CITY'S HISTORY AND UNIQUE CHARACTER.
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IRS990/Desc0DMVA'S ECONOMIC DEVELOPMENT PROGRAMMING FACILITATED COMMUNICATION AND THE FLOW OF INFORMATION BETWEEN DEL MAR'S BUSINESS COMMUNITY, RESIDENTS, VISITORS, COMMUNITY ORGANIZATIONS, AND GOVERNMENT AGENCIES. PROGRAMMING FACILITATED ECONOMIC STABILITY AND UNITY IN THE DEL MAR DOWNTOWN BUSINESS AND RESIDENTIAL COMMUNITY THROUGH SUCCESSFUL PROMOTIONS AND OUTREACH EFFORTS WHILE PRESERVING DEL MAR'S HISTORY AND UNIQUE CHARACTER. FY 2023-2024 PROGRAMMING INCLUDED, OUTREACH COMMUNICATIONS REGARDING EVENTS, CITY AND SECURITY ISSUES, MARKETING, GRANT OPPORTUNITIES, SOLID WASTE ETC., DMVA WORK WITH NEW AND EXPANDED DEL MAR BUSINESSES, DMVA SUPPORTED HISTORIC PRESERVATION, UPDATING A DOWNTOWN ONLINE EVENT CALENDAR AND RESOURCE CENTER, EDUCATING ON DOWNTOWN HISTORIC POINTS OF INTEREST WALKING TOUR WITH OVER 12 INTERACTIVE PLAQUES, PROMOTING DEL MAR VILLAGE LOGO/BRANDING, WORKING ON DOWNTOWN ENVIRONMENTAL SUSTAINABILITY PROJECTS SUCH AS A NEW DEL MAR SHORESAVER PROGRAM AND THE PURCHASE AND INSTALLATION OF 6 NEW WATER BOTTLE FILL STATIONS AT PARKS AND BEACH. DMVA AGAIN PARTNERED WITH THE URBAN CORPS OF SAN DIEGO TO CLEAN AND POWERWASH DEL MAR'S DOWNTOWN SIDEWALKS, ALONG WITH THE ROTARY CLUB OF DEL MAR TO REFURBISH DOWNTOWN STREET FURNITURE AND A LOCAL PARK. DMVA HELPED IMPLEMENT A BENCH AND OTHER STREETSCAPE FURNITURE DONATION PROGRAM. DMVA DEVELOPED AN ONLINE RESOURCE CENTER FOR THE LOCAL BUSINESS COMMUNITY TO PROVIDE BUSINESSES WITH NEW RELEVANT INFORMATION TO HELP DOWNTOWN DEL MAR BUSINESS OWNERS LEARN, GROW AND STAY INFORMED. DMVA CONTINUED TO IMPOEMENT A SHOP LOCAL DEL MAR VILLAGE E-CARD TO ENCOURAGE SHOPPING AND DINING LOCAL. DMVA PROVIDED GOVERNMENT LIAISON SUPPORT, FEEDBACK AND INFORMATION GATHERING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
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IRS990/MissionDesc0TO ASSIST THE CITY OF DEL MAR IN ENHANCING THE DOWNTOWN ECONOMIC VITALITY WHILE PRESERVING THE CITY'S HISTORY AND UNIQUE CHARACTER.
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IRS990/ProgSrvcAccomActy2Grp/Desc0DMVA PROMOTES AND ENHANCES THE VILLAGE OF DEL MAR, WHILE PRESERVING ITS HISTORY AND UNIQUE CHARACTER, BY HOSTING AND PROMOTING DOWNTOWN EVENTS. THE FY 2023-2024 EVENTS INCLUDED WINTER TASTE & SIP NORTH POLE BY THE SEA, SUSAN G. KOMEN BREAST CANCER CHEER STATION IN DEL MAR VILLAGE, SMALL BUSINESS SATURDAY, COMEDY NIGHTS, SUMMER SOLSTICE, BEACH AND COMMUNITY ENVIRONMENTAL CLEANUPS, BREEDERS' CUP 2024, COMEDY NIGHTS AND OTHER SMALLER DOWNTOWN EVENTS. THE TOTAL EVENT ATTENDEES FOR THIS PAST FISCAL YEAR WAS INCLUDED APPROXIMATELY 60,000+ WITH IN PERSON AND ONLINE PARTICIPANTS. DMVA WORKED WITH OVER 150 LOCAL BUSINESSES AND HUNDREDS OF SAN DIEGO COUNTY CONTRACTORS, MEDIA OUTLETS, AND OTHER NONPROFIT ORGANIZATIONS TO SUPPORT ITS MISSION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DMVA'S DESTINATION MARKETING PROGRAMMING HELPED TO PROMOTE DEL MAR VILLAGE TO KEEP THE DEL MAR LOCAL ECONOMY HEALTHY WITH LOCALS AND VISTORS AND SUPPORT THE LOCAL COMMUNITY. DMVA SUPPORTED A ROBUST WEBSITE WITH MULTIPLE FUNCTIONALITIES FOR EDUCATING THE PUBLIC ON THE HISTORY OF DEL MAR, ALONG WITH ITS BUSINESSES, EVENTS AND THINGS TO DO. DMVA DEVELOPED AND CONTINUALLY UPDATEE BLOG POSTS, CALENDAR LISTINGS, BUSINESS LISTINGS, SOCIAL MEDIA POSTS (OVER 1,500 NEW INSTAGRAM FOLLOWERS AND 690,000 IMPRESSIONS AND 453,000 FACEBOOK IMPRESSIONS), DIGITAL PHOTOGRAPHY, EMAILS (OVER 30 EMAILS SENT), AND OTHER DIGITAL ASSETS TO KEEP DEL MAR TOP OF MIND FOR THE VISITORS AND COMMUNITY IN SAN DIEGO COUNTY AND THROUGHOUT THE US. DMVA ALSO IMPROVED THE PHYSICAL IMAGE OF DEL MAR'S MAIN STREET WHILE PRESERVING ITS HISTORY AND UNIQUE CHARACTER, MAKING IT AN INVITING, COMFORTABLE, SAFE AND ENVIRONMENTALLY FRIENDLY PLACE TO ATTRACT RESIDENCE, INVESTORS, BUSINESSES IN VISITORS TO THE DOWNTOWN. ONGOING DESIGN PROJECTS IN FY 2023-2024 INCLUDED, DEL MAR PEDESTRIAN SIGNS AND LIFEGUARD STATION SIGNS(X9), DEL MAR VILLAGE SUMMER LIGHT POLE BANNERS (X60), DEL MAR A NEW HOLIDAY TREE, HOLIDAY LIGHT POLE BANNERS (X31), AND HOLIDAY GARLAND AND LIGHTS; ETC. DMVA PROGRAMMING SAFELY SUPPORTED 150 BUSINESSES, 4000+ RESIDENTS AND THOUSANDS OF VISITORS TO DEL MAR DURING THE FISCAL YEAR WITH CLEAN AND SANITIZED OUTDOOR VENUES FOR DINING, SHOPPING AND RECREATION.
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