Civic Intelligence

Central Hollywood Coalition

990 • Fiscal year 2019 • EIN 30-0008525

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 16, 2020

6562 Hollywood BlvdHollywood, CA 90028

(323) 463-6767

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.01x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-524%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-38%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$210,733

Down $128,167 (-38%) from 2018

Net Assets

Down

$207,733

Down $56,929 (-22%) from 2018

Liabilities

Down

$3,000

Down $71,238 (-96%) from 2018

Revenue

Down

$10,861

Down $1,583,548 (-99%) from 2018

Expenses

Down

$67,790

Down $1,577,390 (-96%) from 2018

Net Income

Down

-$56,929

Down $6,158 (-12%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $217,438Liabilities 2012: $86,170Net Assets 2012: $131,2682012Assets 2013: $309,062Liabilities 2013: $98,221Net Assets 2013: $210,8412013Assets 2014: $346,783Liabilities 2014: $74,262Net Assets 2014: $272,5212014Assets 2015: $382,673Liabilities 2015: $111,007Net Assets 2015: $271,6662015Assets 2016: $446,471Liabilities 2016: $102,988Net Assets 2016: $343,4832016Assets 2017: $439,403Liabilities 2017: $123,970Net Assets 2017: $315,4332017Assets 2018: $338,900Liabilities 2018: $74,238Net Assets 2018: $264,6622018Assets 2019: $210,733Liabilities 2019: $3,000Net Assets 2019: $207,7332019Assets 2020: $160,685Liabilities 2020: $0Net Assets 2020: $160,6852020Assets 2021: $148,028Liabilities 2021: $0Net Assets 2021: $148,0282021Assets 2022: $91,466Liabilities 2022: $6,805Net Assets 2022: $84,6612022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$210,733
Liabilities$3,000
Net Assets$207,733

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,381,6152012Revenue 2013: $1,481,937Expenses 2013: $1,402,364Net Income 2013: $79,5732013Revenue 2014: $1,533,132Expenses 2014: $1,471,452Net Income 2014: $61,6802014Revenue 2015: $1,541,880Expenses 2015: $1,542,735Net Income 2015: -$8552015Revenue 2016: $1,576,612Expenses 2016: $1,504,795Net Income 2016: $71,8172016Revenue 2017: $1,579,963Expenses 2017: $1,608,013Net Income 2017: -$28,0502017Revenue 2018: $1,594,409Expenses 2018: $1,645,180Net Income 2018: -$50,7712018Revenue 2019: $10,861Expenses 2019: $67,790Net Income 2019: -$56,9292019Revenue 2020: $5,991Expenses 2020: $53,039Net Income 2020: -$47,0482020Revenue 2021: $63Expenses 2021: $12,720Net Income 2021: -$12,6572021Revenue 2022: $1,352Expenses 2022: $64,719Net Income 2022: -$63,3672022Revenue 2023: $0Expenses 2023: $84,661Net Income 2023: -$84,6612023

Highlighted filing

2019

Revenue$10,861
Expenses$67,790
Net Income-$56,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 16, 2020
Return Version
2019v5.0
Gross Receipts
$10,861
Mission and Program Overview

Mission

To develop, restore, protect and maintain the central hollywood area, in order to make it a more attractive and popular destination for turists, shoppers, business people and others.

To manage programs, activities and contracts to promote community revitalization, streetscape improvements and public safety for the property owners in hollywood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$175,173$194,391▲ $19,218
Savings and Temporary Cash Investments$87,797$0▼ $87,797
Accounts Receivable$75,930$16,342▼ $59,588
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$338,900$210,733▼ $128,167
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$74,238$3,000▼ $71,238
Total Liabilities$74,238$3,000▼ $71,238
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$264,662$207,733▼ $56,929
Total Net Assets Fund Balance$264,662$207,733▼ $56,929
Total Liabilities and Net Assets / Fund Balance$338,900$210,733▼ $128,167

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$69,809$69,809
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carol MassieChairman
David CalabreseDirector
Fred RosenthalDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,858
Investment Income
$3
Other Revenue
$0
Change in Net Assets
$-56,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$10,578--$10,578
Other Expenses$9,500--$9,500
Fees for Services Accounting$7,170--$7,170
Fees for Services Legal$3,000--$3,000
Office Expenses$96--$96
Total Functional Expenses$67,790$0$0$67,790
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The organization has a service agreement with the hollywood property owners alliance (hpoa) for hpoa to provide certain services to the organization, including but not limited to administration sevices associated with the wind-down of the organization.

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

At the june 12, 2018 regularly scheduled monthly meeting of the board of directors of the central hollywood coalition, the board approved to amend the corporation's bylaws as follows: (a) reduced the number of directors to not less than three (3) and not more than seven (7); (b) called for a "wind-down" of the corporation with the intent to dissolve the corporation at the appropriate time, and (c) elected three (3) directors to serve as "dissolution directors".

Form 990, Part VI, Line 11B: Form 990 Review Process

The cpa firm prepares the form 990, which is reviewed by mr. Jose gonzalez who maintains the financials for the organization. A draft of the form 990 is then sent to mr. Kristopher larson, hpoas president & ceo, for his review and approval. The president reviews the form 990 for completeness and accuracy and presents it to the board at a board meeting for review and approval. Based on the boards approval, he gives the accounting firm his approval. The accounting firm processes the form 990 and sends it to the president for his signature.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organizations bylaws require board members to disclose conflicts; it is part of a directors handbook that is distributed, signed, and acknowledged by each board member. The organization monitors and enforces compliance with the conflict of interest policy on a regular and consistent basis.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization reviews and considers all requests and will make its governing documents and finacial statements available to the public on a case by case basis in accordance with state and federal law.

Filing and Contact Details

Filer

Filer Name
Central Hollywood Coalition
EIN
30-0008525
Phone
3234636767
Address
6562 HOLLYWOOD BLVD, HOLLYWOOD, CA 90028

Signing Officer

Name
Kristopher Larson
Title
President & CEO
Signed
2020-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristopher Larson
Formed
2001
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Gtl Llp
Address
15315 Magnolia Blvd Suite 110, Sherman Oaks, CA 91403-1100
Preparer
Fabio Vasco
Phone
8185090066
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: the organization provides advocacy to promote business interest in the district.

Financial Statement Notes

Part X : FIN48 Footnote

The district is managed by an organization which is exempt from taxes under section 501(c)(6) of the internal revenue code ("irc") and is exempt from federal and state income taxes under section 501(a) of the irc and the california revenue and taxation code. Accordingly, no provision or benefit for federal or state income taxes is recorded in the accompanying financial statements.

Raw XML Appendix314 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE DISTRICT IS MANAGED BY AN ORGANIZATION WHICH IS EXEMPT FROM TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ("IRC") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE IRC AND THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL OR STATE INCOME TAXES IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: THE ORGANIZATION PROVIDES ADVOCACY TO PROMOTE BUSINESS INTEREST IN THE DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A SERVICE AGREEMENT WITH THE HOLLYWOOD PROPERTY OWNERS ALLIANCE (HPOA) FOR HPOA TO PROVIDE CERTAIN SERVICES TO THE ORGANIZATION, INCLUDING BUT NOT LIMITED TO ADMINISTRATION SEVICES ASSOCIATED WITH THE WIND-DOWN OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE JUNE 12, 2018 REGULARLY SCHEDULED MONTHLY MEETING OF THE BOARD OF DIRECTORS OF THE CENTRAL HOLLYWOOD COALITION, THE BOARD APPROVED TO AMEND THE CORPORATION'S BYLAWS AS FOLLOWS: (A) REDUCED THE NUMBER OF DIRECTORS TO NOT LESS THAN THREE (3) AND NOT MORE THAN SEVEN (7); (B) CALLED FOR A "WIND-DOWN" OF THE CORPORATION WITH THE INTENT TO DISSOLVE THE CORPORATION AT THE APPROPRIATE TIME, AND (C) ELECTED THREE (3) DIRECTORS TO SERVE AS "DISSOLUTION DIRECTORS".
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CPA FIRM PREPARES THE FORM 990, WHICH IS REVIEWED BY MR. JOSE GONZALEZ WHO MAINTAINS THE FINANCIALS FOR THE ORGANIZATION. A DRAFT OF THE FORM 990 IS THEN SENT TO MR. KRISTOPHER LARSON, HPOAS PRESIDENT & CEO, FOR HIS REVIEW AND APPROVAL. THE PRESIDENT REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY AND PRESENTS IT TO THE BOARD AT A BOARD MEETING FOR REVIEW AND APPROVAL. BASED ON THE BOARDS APPROVAL, HE GIVES THE ACCOUNTING FIRM HIS APPROVAL. THE ACCOUNTING FIRM PROCESSES THE FORM 990 AND SENDS IT TO THE PRESIDENT FOR HIS SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS BYLAWS REQUIRE BOARD MEMBERS TO DISCLOSE CONFLICTS; IT IS PART OF A DIRECTORS HANDBOOK THAT IS DISTRIBUTED, SIGNED, AND ACKNOWLEDGED BY EACH BOARD MEMBER. THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON A REGULAR AND CONSISTENT BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION REVIEWS AND CONSIDERS ALL REQUESTS AND WILL MAKE ITS GOVERNING DOCUMENTS AND FINACIAL STATEMENTS AVAILABLE TO THE PUBLIC ON A CASE BY CASE BASIS IN ACCORDANCE WITH STATE AND FEDERAL LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0338900
IRS990/TotalAssetsEOYAmt0210733
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IRS990/TotalAssetsGrp/EOYAmt0210733
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt067790
IRS990/TotalFunctionalExpensesGrp/TotalAmt067790
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074238
IRS990/TotalLiabilitiesEOYAmt03000
IRS990/TotalLiabilitiesGrp/BOYAmt074238
IRS990/TotalLiabilitiesGrp/EOYAmt03000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0264662
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0207733
IRS990/TotalProgramServiceExpensesAmt067790
IRS990/TotalProgramServiceRevenueAmt010858
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010861
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010861
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0338900
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0210733
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SUNSETANDVINEBID.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTOPHER LARSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL HOLLYWOOD COALITION
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0300008525
ReturnHeader/Filer/PhoneNum03234636767
ReturnHeader/Filer/USAddress/AddressLine1Txt06562 HOLLYWOOD BLVD
ReturnHeader/Filer/USAddress/CityNm0HOLLYWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090028
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953521941
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GTL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015315 Magnolia Blvd Suite 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sherman Oaks
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0914031100
ReturnHeader/PreparerPersonGrp/PhoneNum08185090066
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FABIO VASCO
ReturnHeader/ReturnTs02020-06-17T12:59:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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