Civic Intelligence

The Pacific Beach Community Development Corp

990 • Fiscal year 2022 • EIN 33-0587567

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 21, 2023

1503 Garnet AvenueSan Diego, CA 92109

(858) 273-3303

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

62nd percentile

13%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

58th percentile

6.4%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

14%

Faster revenue growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$324,820

Up $19,606 (+6.4%) from 2021

Net Assets

Up

$313,327

Up $62,258 (+25%) from 2021

Liabilities

Down

$11,493

Down $42,652 (-79%) from 2021

Revenue

Up

$492,123

Up $61,685 (+14%) from 2021

Expenses

Up

$429,865

Up $28,240 (+7.0%) from 2021

Net Income

Up

$62,258

Up $33,445 (+116%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $159,483Liabilities 2014: $10,934Net Assets 2014: $148,5492014Assets 2015: $200,094Liabilities 2015: $19,149Net Assets 2015: $180,9452015Assets 2016: $238,983Liabilities 2016: $33,986Net Assets 2016: $204,9972016Assets 2017: $285,035Liabilities 2017: $21,262Net Assets 2017: $263,7732017Assets 2018: $248,468Liabilities 2018: $15,439Net Assets 2018: $233,0292018Assets 2019: $268,847Liabilities 2019: $11,939Net Assets 2019: $256,9082019Assets 2020: $274,591Liabilities 2020: $52,335Net Assets 2020: $222,2562020Assets 2021: $305,214Liabilities 2021: $54,145Net Assets 2021: $251,0692021Assets 2022: $324,820Liabilities 2022: $11,493Net Assets 2022: $313,3272022Assets 2023: $264,317Liabilities 2023: $21,322Net Assets 2023: $242,9952023Assets 2024: $277,760Liabilities 2024: $35,682Net Assets 2024: $242,0782024Assets 2025: $230,281Liabilities 2025: $34,698Net Assets 2025: $195,5832025

Highlighted filing

2022

Assets$324,820
Liabilities$11,493
Net Assets$313,327

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $521,349Expenses 2014: $458,737Net Income 2014: $62,6122014Revenue 2015: $520,552Expenses 2015: $488,156Net Income 2015: $32,3962015Revenue 2016: $571,800Expenses 2016: $547,748Net Income 2016: $24,0522016Revenue 2017: $626,893Expenses 2017: $568,117Net Income 2017: $58,7762017Revenue 2018: $634,283Expenses 2018: $665,027Net Income 2018: -$30,7442018Revenue 2019: $661,689Expenses 2019: $637,810Net Income 2019: $23,8792019Revenue 2020: $518,153Expenses 2020: $552,805Net Income 2020: -$34,6522020Revenue 2021: $430,438Expenses 2021: $401,625Net Income 2021: $28,8132021Revenue 2022: $492,123Expenses 2022: $429,865Net Income 2022: $62,2582022Revenue 2023: $610,308Expenses 2023: $680,640Net Income 2023: -$70,3322023Revenue 2024: $674,169Expenses 2024: $675,086Net Income 2024: -$9172024Revenue 2025: $704,056Expenses 2025: $750,551Net Income 2025: -$46,4952025

Highlighted filing

2022

Revenue$492,123
Expenses$429,865
Net Income$62,258
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 21, 2023
Return Version
2021v4.1
Gross Receipts
$492,123
Mission and Program Overview

Mission

To revitalize and promote the community of pacific beach both physically and economically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$180,273$190,924▲ $10,651
Savings and Temporary Cash Investments$110,735$110,846▲ $111
Accounts Receivable$10,791$21,600▲ $10,809
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$305,214$324,820▲ $19,606
Other Assets Total$3,415$1,450▼ $1,965
Liabilities
Other Liabilities$31,545--
Accounts Payable and Accrued Expenses$13,750$11,493▼ $2,257
Deferred Revenue$8,850--
Total Liabilities$54,145$11,493▼ $42,652
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$251,069$313,327▲ $62,258
Total Net Assets Fund Balance$251,069$313,327▲ $62,258
Total Liabilities and Net Assets / Fund Balance$305,214$324,820▲ $19,606

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$49,388$49,388
Equipment-$13,012$13,012
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim PruesenerPresident
Mark MorrisVice President
Anthouny KrukBoard Member
Brian CurryBoard Member
Grant CooperBoard Member
John AndersonBoard Member
Joseph BartlingBoard Member
Margy GoodmanBoard Member
Randall EngstromBoard Member
Wilber LaiBoard Member
Eric MarenburgSecretary
William RamirezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,545
Program Service Revenue
$201,410
Investment Income
$400
Other Revenue
$238,768
Change in Net Assets
$62,258

Audited Revenue Reconciliation

Revenue per Audited Statements
$492,123
Total Revenue per Audited Statements
$492,123
Total Revenue per Form 990
$492,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,001
Salaries, Compensation, and Employee Benefits$166,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$129,576$23,192-$152,768
Occupancy$30,923$7,731-$38,654
Fees for Services Accounting$19,803$4,951-$24,754
Insurance$12,330$3,083-$15,413
Payroll Taxes$10,247$2,099-$12,346
Office Expenses$7,234$1,812-$9,046
Other Expenses$6,131$1,225-$7,356
Advertising$4,446$1,112-$5,558
Conferences and Meetings$4,071$1,018-$5,089
Travel$2,400$600-$3,000
Information Technology$2,220$555-$2,775
Other Employee Benefits$1,400$350-$1,750
Total Functional Expenses$375,235$54,630$0$429,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$429,865
Total Expenses per Audited Statements$429,865
Total Expenses per Form 990$429,865
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Line 11B: Form 990 Review Process

Upon receiving the form 990 from the cpa (preparer), the executive board of the organization reviews it during the executive board meeting. The executive board reports to the full board of the organization for approval.

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

The board enforces conflict of interest policy through the use of periodic reviews.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of the executive director and other key employees are determined and approved by the board of directors. Executive board members are never to be compensated.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of the executive director and other key employees are determined and approved by the board of directors. Executive board members are never to be compensated.

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

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Pacific Beach Community Development
EIN
33-0587567
Phone
8582733303
Address
1503 GARNET AVENUE, SAN DIEGO, CA 92109

Signing Officer

Name
Sunny Lee
Title
Executive Director
Signed
2023-03-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Pruesener
Formed
1991
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
11
Volunteers
300

Preparer

Firm
Bonk Cushman Eagle & Garcia
Address
5440 Morehouse Dr Ste 3500, San Diego, CA 92121
Preparer
Andres D Garcia CPA
Phone
6192978080
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IRS990/Desc0DEISIGN & IMPROVMENTS: MAINTAINED TRASH RECEPTACLES THROUGHOUT THE DISTRICT. PRODUCED THE PACIFIC BEACH TUESDAY FARMERS MARKET TO INCREASE AWARENESS OF USING LOCAL PRODUCTS AND PROMOTE FOOT TRAFFIC INTO THE BUSINESS DISTRICT. PROVIDED CLEANING AND BEAUTIFICATION SERVICES INCLUDING GRAFFITI REMOVAL, TRASH ABATEMENT, SWEEPING AND DEBRIS REMOVAL, SIDEWALK SWEEPING AND WEED ABATEMENT ALONG BUSY CORRIDORS. MANAGAED THE BEACH AREA COMMUNITY COURT AND COMMUNITY SERVICE EFFORTS THROUGHOUT THE DISTRICT. MARKETING, COMMUNICATIONS, PROMOTIONS AND EVENTS: PRODUCED BOTH ELECTRONIC AND MAILER NEWSLETTERS AND INCREASED SOCIAL MEDIA PRESENCE AND MAINTAINED WEBSITE TO PORMOTE BUSINESS DIRECTORY AND EVENTS AND INFORM PUBLIC OF LOCAL INITIATIVES. RESPONDED TO COVID-19 CRISIS INTERVENTIONS FOR SMALL BUSINESSES INCLUDING: UPDATING MEMBERSHIP ON OPERATIONAL POLICIES AND CLOSURE, FINANCIAL ASSISTANCE OPPORTUNITIES, ASSISTING BUSINESSES IN CONVERTING BUSINESS MODELS, CLOSING AND INFORMING PUBLIC OF CLOSING OF PUBLIC EVENTS AND MODIFYING WEBSITE TO INCLUDE RESOURCES AND PROMOTION OF ESSENTIAL BUSINESSES.
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