Civic Intelligence

Salinas City Center Improvement Association

990 • Fiscal year 2019 • EIN 32-0478544

Dec 01, 2018 to Nov 30, 2019 • Filed on Jul 01, 2020

Organization Profilewww.salinascitycenter.com
10 Midtown LaneSalinas, CA 93901

(831) 905-1422

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.06x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

62nd percentile

9.7%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

0.8%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$180,509

Up $40,071 (+29%) from 2018

Net Assets

Up

$150,612

Up $44,864 (+42%) from 2018

Liabilities

Down

$29,897

Down $4,793 (-14%) from 2018

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin62nd percentile

Revenue

Up

$462,033

Up $3,575 (+0.8%) from 2018

Expenses

Down

$417,169

Down $110,873 (-21%) from 2018

Net Income

Up

$44,864

Up $114,448 (+164%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$400K$300K$200K$100K$0Assets 2018: $140,438Liabilities 2018: $34,690Net Assets 2018: $105,7482018Assets 2019: $180,509Liabilities 2019: $29,897Net Assets 2019: $150,6122019Assets 2020: $257,398Liabilities 2020: $30,073Net Assets 2020: $227,3252020Assets 2021: $305,902Liabilities 2021: $19,690Net Assets 2021: $286,2122021Assets 2022: $332,403Liabilities 2022: $20,000Net Assets 2022: $312,4032022Assets 2024: $375,903Liabilities 2024: $10,000Net Assets 2024: $365,9032024

Highlighted filing

2019

Assets$180,509
Liabilities$29,897
Net Assets$150,612
Open 2019 Filing

Operations Trend

Revenue Growth50th percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $458,458Expenses 2018: $528,042Net Income 2018: -$69,5842018Revenue 2019: $462,033Expenses 2019: $417,169Net Income 2019: $44,8642019Revenue 2020: $455,973Expenses 2020: $379,260Net Income 2020: $76,7132020Revenue 2021: $492,931Expenses 2021: $434,044Net Income 2021: $58,8872021Revenue 2022: $459,775Expenses 2022: $433,584Net Income 2022: $26,1912022Revenue 2024: $577,061Expenses 2024: $544,936Net Income 2024: $32,1252024

Highlighted filing

2019

Revenue$462,033
Expenses$417,169
Net Income$44,864
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2018 to Nov 30, 2019
Signed
Jul 1, 2020
Return Version
2018v3.1
Gross Receipts
$462,033
Mission and Program Overview

Mission

(A) To bring about the revitalization of the Downtown Salinas Area.(B) To bring about the investment of private and public capital within the Downtown Salinas area, for public benefit and charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$105,748$150,612▲ $44,864
Cash and Non-Interest-Bearing Accounts$103,355$148,426▲ $45,071
Intangible Assets$37,083$32,083▼ $5,000
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$140,438$180,509▲ $40,071
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$34,690$29,897▼ $4,793
Total Liabilities$34,690$29,897▼ $4,793
Net Assets / Fund Balance
Total Net Assets Fund Balance$105,748$150,612▲ $44,864
Total Liabilities and Net Assets / Fund Balance$140,438$180,509▲ $40,071
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Frank SaundersPresident
Kevin SaundersVice President
Brian FineganDirector
Catherine Kobrinsky EvansDirector
Fred DeYoungDirector
Gaylon HaneyDirector
Joel PanzerDirector
Kurt DillardDirector
Larry BussardDirector
Margaret DArrigo MartinDirector
Peter KasavanDirector
Steve IshDirector
Meryl RasmussenSecretary
Greg PiiniTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Uretsky SecuritySecurity Service201-D Calle Del Oaks, Del Rey Oaks, CA 93940$155,916
-Landscaping--
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$462,033
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$44,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$417,169
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
Fees for Services Other$32,626$18,518-$51,144
Other Expenses$15,960--$15,960
Fees for Services Accounting-$8,770-$8,770
Depreciation Depletion-$5,000-$5,000
Occupancy-$4,709-$4,709
Insurance-$1,631-$1,631
Office Expenses-$1,338-$1,338
All Other Expenses-$127-$127
Total Functional Expenses$377,076$40,093$0$417,169
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

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
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Fred DeYoung is the father of Meryl Rasmussen”

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“Committees do not have the authority to act on behalf of the governing body.”

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

“All members of the governing body are provided a copy of the 990 during a board meeting.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“Articles of Incorporation, Bylaws, IRS 501(c)3 Letter, Proposition 218, Management District Plan, City of Salinas Management & Disbursement Agreement, Governing Body Meeting Agendas & Minutes, Financial reports, operating budgets, Forms 990”

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

“These documents are available on the organization's Website”

Filing and Contact Details

Filer

Filer Name
Salinas City Center Improvement
EIN
32-0478544
Phone
8319051422
Address
10 Midtown Lane, Salinas, CA 93901

Signing Officer

Name
Frank Saunders
Title
President
Signed
2020-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Saunders
Formed
2015
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
0
Employees
0

Preparer

Firm
Steinbruner Hill CPAs
Address
100 Clock Tower Pl Ste 130, Carmel, CA 93923
Preparer
Chris Steinbruner
Phone
8312226111
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IRS990/NetAssetsOrFundBalancesEOYAmt0150612
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04709
IRS990/OccupancyGrp/TotalAmt04709
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01338
IRS990/OfficeExpensesGrp/TotalAmt01338
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Security of Downtown Salinas
IRS990/OtherExpensesGrp/Desc1Maintenance of Sidewalks
IRS990/OtherExpensesGrp/Desc2District Identity
IRS990/OtherExpensesGrp/Desc3Streetscape Improvements
IRS990/OtherExpensesGrp/ProgramServicesAmt0146578
IRS990/OtherExpensesGrp/ProgramServicesAmt1118634
IRS990/OtherExpensesGrp/ProgramServicesAmt263278
IRS990/OtherExpensesGrp/ProgramServicesAmt315960
IRS990/OtherExpensesGrp/TotalAmt0146578
IRS990/OtherExpensesGrp/TotalAmt1118634
IRS990/OtherExpensesGrp/TotalAmt263278
IRS990/OtherExpensesGrp/TotalAmt315960
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Frank Saunders
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Property Owner Assessmnts
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0462033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0462033
IRS990/ProgSrvcAccomActy2Grp/Desc0District Identity and Streetscape ImprovementsThe DISI committee works on branding the District as a fun and safe atmosphere for families, young professionals, business owners, and employees in the area. The goal of this branding effort is to make downtown Salinas a more attractive place for locals to come for entertainment, for people opening new businesses, for businesses to relocate to, and even for people to live within the District. This effort will focus on the historical charm of the District, along with new and exciting growth opportunities like Ag-tech, and bring in more entertainment and create an enjoyable night life focused on the amazing cultural diversity of the Salinas Valley.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt095552
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0101647
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0521201
IRS990/PYProgramServiceRevenueAmt0458458
IRS990/PYRevenuesLessExpensesAmt0-69584
IRS990/PYSalariesCompEmpBnftPaidAmt06841
IRS990/PYTotalExpensesAmt0528042
IRS990/PYTotalRevenueAmt0458458
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt044864
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0277220
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0462033
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0458458
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0443134
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0436750
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01800375
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalSupportAmt01800375
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Fred DeYoung is the father of Meryl Rasmussen
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Committees do not have the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All members of the governing body are provided a copy of the 990 during a board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Articles of Incorporation, Bylaws, IRS 501(c)3 Letter, Proposition 218, Management District Plan, City of Salinas Management & Disbursement Agreement, Governing Body Meeting Agendas & Minutes, Financial reports, operating budgets, Forms 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4These documents are available on the organization's Website
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0140438
IRS990/TotalAssetsEOYAmt0180509
IRS990/TotalAssetsGrp/BOYAmt0140438
IRS990/TotalAssetsGrp/EOYAmt0180509
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040093

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$180,509
Liabilities
$29,897
Net assets
$150,612
Revenue
$462,033
Expenses
$417,169
Net income
$44,864
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.10$3.66$5.77$5.45$0.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.20$3.12$4.60$4.34$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.20$2.86$4.93$4.34$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.30$2.27$4.56$3.79$0.77
2019Detailed filing. Detailed filing data is available for this year.$1.81$0.30$1.51$4.62$4.17$0.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.35$1.06$4.58$5.28$0.70