Civic Intelligence

The Pacific Beach Community Development Corp

990 • Fiscal year 2024 • EIN 33-0587567

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 27, 2025

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

71st percentile

0.13x

Higher debt load relative to assets than 71% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.05x

Higher debt load relative to revenue than 63% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

10%

Faster revenue growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$277,760

Up $13,443 (+5.1%) from 2023

Net Assets

Down

$242,078

Down $917 (-0.4%) from 2023

Liabilities

Up

$35,682

Up $14,360 (+67%) from 2023

Revenue

Up

$674,169

Up $63,861 (+10%) from 2023

Expenses

Down

$675,086

Down $5,554 (-0.8%) from 2023

Net Income

Up

-$917

Up $69,415 (+99%) from 2023

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

2024

Assets$277,760
Liabilities$35,682
Net Assets$242,078

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

2024

Revenue$674,169
Expenses$675,086
Net Income-$917
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 27, 2025
Return Version
2023v6.0
Gross Receipts
$674,169
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$124,992$145,878▲ $20,886
Savings and Temporary Cash Investments$114,344$119,536▲ $5,192
Accounts Receivable$23,531$10,896▼ $12,635
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$264,317$277,760▲ $13,443
Other Assets Total$1,450$1,450→ $0
Liabilities
Accounts Payable and Accrued Expenses$21,322$35,682▲ $14,360
Total Liabilities$21,322$35,682▲ $14,360
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$242,995$242,078▼ $917
Total Net Assets Fund Balance$242,995$242,078▼ $917
Total Liabilities and Net Assets / Fund Balance$264,317$277,760▲ $13,443

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 MarenburgPast President
Randall EngstromPresident
Margy GoodmanVice President
Carina GarfieldBoard Member
Christine LandiniBoard Member
Grant CooperBoard Member
John AndersonBoard Member
Kayla SalvasBoard Member
Rebekah WinnBoard Member
Shyla HalesBoard Member
Wilber LaiSecretary
Lisa GossmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,004
Program Service Revenue
$541,468
Investment Income
$5,192
Other Revenue
$78,505
Change in Net Assets
$-917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$385,203
Salaries, Compensation, and Employee Benefits$289,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$218,710$39,149-$257,859
Occupancy$49,693$12,423-$62,116
Fees for Services Accounting$18,593$4,649-$23,242
Payroll Taxes$17,118$3,506-$20,624
Office Expenses$14,908$4,950-$19,858
Other Employee Benefits$9,120$2,280-$11,400
Other Expenses$7,326$1,832-$9,158
All Other Expenses$4,618$1,154-$5,772
Insurance$4,377$1,094-$5,471
Information Technology$3,376$844-$4,220
Advertising$2,980$745-$3,725
Travel$2,400$600-$3,000
Conferences and Meetings$2,086$522-$2,608
Total Functional Expenses$573,914$101,172$0$675,086
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
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
2025-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall Engstrom
Formed
1991
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
10
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/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt012423
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IRS990/OccupancyGrp/TotalAmt062116
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04950
IRS990/OfficeExpensesGrp/ProgramServicesAmt014908
IRS990/OfficeExpensesGrp/TotalAmt019858
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02280
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09120
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011400
IRS990/OtherExpensesGrp/Desc0BEACHFEST,FARMERS MARKET,EVENT
IRS990/OtherExpensesGrp/Desc1CLEANING AND BEAUTIFICATION
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3OUTREACH & BUSINESS DEVELOP
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12675
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21832
IRS990/OtherExpensesGrp/ProgramServicesAmt0143773
IRS990/OtherExpensesGrp/ProgramServicesAmt164130
IRS990/OtherExpensesGrp/ProgramServicesAmt210706
IRS990/OtherExpensesGrp/ProgramServicesAmt37326
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IRS990/OtherExpensesGrp/TotalAmt164130
IRS990/OtherExpensesGrp/TotalAmt213381
IRS990/OtherExpensesGrp/TotalAmt39158
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1OTHER PROGRAMS
IRS990/OtherRevenueMiscGrp/Desc2OTHER SPECIAL EVENTS
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt112250
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt265506
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IRS990/PrincipalOfficerNm0RANDALL ENGSTROM
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IRS990/ProgramServiceRevenueGrp/Desc1CITY OF SAN DIEGO SBEP
IRS990/ProgramServiceRevenueGrp/Desc2COMMUNITY COURT
IRS990/ProgramServiceRevenueGrp/Desc3FARMERS MARKETS
IRS990/ProgramServiceRevenueGrp/Desc4PACIFIC BEACHFEST
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt134231
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3233273
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3233273
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IRS990/PYProgramServiceRevenueAmt0474568
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07730
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0619423
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IRS990ScheduleA/InvestmentIncomeCYPct00.01050
IRS990ScheduleA/InvestmentIncomePYPct00.01070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0668427

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