Civic Intelligence

The Pacific Beach Community Development Corp

990 • Fiscal year 2023 • EIN 33-0587567

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 04, 2024

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

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.03x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

23rd percentile

-12%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

12th percentile

-19%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

24%

Faster revenue growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$264,317

Down $60,503 (-19%) from 2022

Net Assets

Down

$242,995

Down $70,332 (-22%) from 2022

Liabilities

Up

$21,322

Up $9,829 (+86%) from 2022

Revenue

Up

$610,308

Up $118,185 (+24%) from 2022

Expenses

Up

$680,640

Up $250,775 (+58%) from 2022

Net Income

Down

-$70,332

Down $132,590 (-213%) from 2022

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

2023

Assets$264,317
Liabilities$21,322
Net Assets$242,995

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

2023

Revenue$610,308
Expenses$680,640
Net Income-$70,332
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 4, 2024
Return Version
2022v5.0
Gross Receipts
$610,308
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$190,924$124,992▼ $65,932
Savings and Temporary Cash Investments$110,846$114,344▲ $3,498
Accounts Receivable$21,600$23,531▲ $1,931
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$324,820$264,317▼ $60,503
Other Assets Total$1,450$1,450→ $0
Liabilities
Accounts Payable and Accrued Expenses$11,493$21,322▲ $9,829
Total Liabilities$11,493$21,322▲ $9,829
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$313,327$242,995▼ $70,332
Total Net Assets Fund Balance$313,327$242,995▼ $70,332
Total Liabilities and Net Assets / Fund Balance$324,820$264,317▼ $60,503

Asset Categories

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

Board Members and Trustees

NameTitle
Eric MarenburgPresident
Randall EngstromVice President
Alex PreciadoBoard Member
Anthony KrukBoard Member
Carina GarfieldBoard Member
Christine LandiniBoard Member
Grant CooperBoard Member
Joe BartlingBoard Member
John AndersonBoard Member
Kayla SalvasBoard Member
Lisa GossmannBoard Member
Mike HouserBoard Member
Rebekah WinnBoard Member
Margy GoodmanSecretary
Wilber LaiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,621
Program Service Revenue
$474,568
Investment Income
$3,498
Other Revenue
$85,621
Change in Net Assets
$-70,332

Audited Revenue Reconciliation

Revenue per Audited Statements
$610,308
Total Revenue per Audited Statements
$610,308
Total Revenue per Form 990
$610,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$420,045
Salaries, Compensation, and Employee Benefits$260,595
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$196,476$35,123-$231,599
Occupancy$37,131$9,283-$46,414
Fees for Services Accounting$17,306$4,326-$21,632
Payroll Taxes$15,601$3,195-$18,796
Insurance$12,743$3,186-$15,929
Office Expenses$8,372$3,352-$11,724
Other Employee Benefits$8,160$2,040-$10,200
Other Expenses$5,564$1,391-$6,955
Advertising$4,395$1,099-$5,494
Information Technology$3,110$778-$3,888
Travel$2,625$656-$3,281
Conferences and Meetings$2,011$503-$2,514
Fees for Services Legal-$1,500-$1,500
Total Functional Expenses$577,751$102,889$0$680,640

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$680,640
Total Expenses per Audited Statements$680,640
Total Expenses per Form 990$680,640
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, Section B, Line 11B

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, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15A

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, Section B, Line 15B

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, Section C, Line 19

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
2024-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Marenburg
Formed
1991
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
8
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/Desc0DESIGN & IMPROVEMENTS: 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 PROMOTE BUSINESS DIRECTORY AND EVENTS AND INFORM PUBLIC OF LOCAL INITIATIVES.
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212562
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0558979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0436273

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