Civic Intelligence

Main Street Oceanside Inc

990 • Fiscal year 2015 • EIN 33-0923965

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 12, 2015

701 Mission AvenueOceanside, CA 92058

(760) 754-4512

Siviq Scores

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

Liabilities / Assets

44th percentile

0.05x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

0.04x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

61st percentile

6.3%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$90,054

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

64th percentile

8.7%

Faster asset growth than 64% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

65th percentile

7.9%

Faster revenue growth than 65% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$475,217

Up $38,235 (+8.7%) from 2014

Net Assets

Up

$449,216

Up $38,508 (+9.4%) from 2014

Liabilities

Down

$26,001

Down $273 (-1.0%) from 2014

Revenue

Up

$607,449

Up $44,359 (+7.9%) from 2014

Expenses

Up

$568,941

Up $44,012 (+8.4%) from 2014

Net Income

Up

$38,508

Up $347 (+0.9%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $278,706Liabilities 2011: $21,822Net Assets 2011: $256,8842011Assets 2012: $389,934Liabilities 2012: $18,348Net Assets 2012: $371,5862012Assets 2014: $436,982Liabilities 2014: $26,274Net Assets 2014: $410,7082014Assets 2015: $475,217Liabilities 2015: $26,001Net Assets 2015: $449,2162015Assets 2016: $514,779Liabilities 2016: $26,868Net Assets 2016: $487,9112016Assets 2017: $514,636Liabilities 2017: $36,671Net Assets 2017: $477,9652017Assets 2019: $483,364Liabilities 2019: $34,301Net Assets 2019: $449,0632019Assets 2022: $1,043,886Liabilities 2022: $683,903Net Assets 2022: $359,9832022Assets 2024: $727,852Liabilities 2024: $364,941Net Assets 2024: $362,9112024

Highlighted filing

2015

Assets$475,217
Liabilities$26,001
Net Assets$449,216

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $494,5462011Expenses 2012: $565,3822012Revenue 2014: $563,090Expenses 2014: $524,929Net Income 2014: $38,1612014Revenue 2015: $607,449Expenses 2015: $568,941Net Income 2015: $38,5082015Revenue 2016: $823,774Expenses 2016: $785,378Net Income 2016: $38,3962016Revenue 2017: $769,420Expenses 2017: $779,196Net Income 2017: -$9,7762017Revenue 2019: $753,009Expenses 2019: $851,906Net Income 2019: -$98,8972019Revenue 2022: $1,385,613Expenses 2022: $1,141,075Net Income 2022: $244,5382022Revenue 2024: $2,952,992Expenses 2024: $2,960,365Net Income 2024: -$7,3732024

Highlighted filing

2015

Revenue$607,449
Expenses$568,941
Net Income$38,508
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$955,360
Mission and Program Overview

Mission

Improve and enhance economic viability by supporting the preservation of unique existing structures and encouraging new development by attracting visitors, customers and residents to downtown oceanside.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$410,708$449,216▲ $38,508
Savings and Temporary Cash Investments$243,985$244,228▲ $243
Cash and Non-Interest-Bearing Accounts$144,243$174,772▲ $30,529
Land, Buildings, and Equipment, Net$41,919$49,565▲ $7,646
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$436,982$475,217▲ $38,235
Other Assets Total$6,835$6,652▼ $183
Liabilities
Other Liabilities$26,274$26,001▼ $273
Total Liabilities$26,274$26,001▼ $273
Net Assets / Fund Balance
Total Net Assets Fund Balance$410,708$449,216▲ $38,508
Total Liabilities and Net Assets / Fund Balance$436,982$475,217▲ $38,235

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,027$61,581$85,608
Leasehold Improvements$20,433$17,658$38,091
Other Land Buildings$2,180$16,892$19,072
Buildings$2,925$325$3,250
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard WrightExecutive DirectorFT$90,054$90,054

Board Members and Trustees

NameTitle
Sylvia SpivaChairman
Forrest HeydenVice Chair
Cecil GoffMember
David SchulzMember
Kim MillwoodMember
Kirk HarrisonMember
Max DispostiSecretary
Roseanne KissTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,550
Program Service Revenue
$0
Investment Income
$-661
Other Revenue
$585,560
Change in Net Assets
$38,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$607,449
Revenue Not Reported on Form 990
$346,042
Total Revenue per Audited Statements
$953,491
Total Revenue per Form 990
$607,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$410,407
Other Expenses$156,234
Grants and Similar Amounts Paid$2,300
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$285,687-$285,687
Current Officers, Directors, Trustees, and Key Employees---$90,054
Payroll Taxes-$34,666-$34,666
All Other Expenses$18,180$9,565-$27,745
Depreciation Depletion---$13,080
Insurance$4,141$6,794-$10,935
Fees for Services Other$7,845$300-$8,145
Other Expenses$7,344$107-$7,451
Fees for Services Accounting-$4,510-$4,510
Advertising$3,750--$3,750
Office Expenses$2,758$171-$2,929
Grants to Domestic Orgs$2,300--$2,300
Information Technology$1,062$11-$1,073
Fees for Services Legal-$30-$30
Travel$30--$30
Total Functional Expenses$120,949$344,858$0$568,941

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$916,397
Expenses per Audited Statements$568,941
Total Expenses per Form 990$568,941
Expenses Not Reported on Form 990$347,456
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$878,543
Fundraising Direct Expenses$347,006
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sunset Market$607,127$607,127-$607,127
Beach Services$151,225$151,225-$151,225
Total Events$878,074$878,074$321,138$556,936
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$21,295
Visa$4,645
Sales Tax Payable$61
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 11B: Form 990 Review Process

No review was or will be conducted.

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

Board reviews any conflicts

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Main Street Oceanside Inc
EIN
33-0923965
Phone
7607544512
Address
701 MISSION AVENUE, OCEANSIDE, CA 92058

Signing Officer

Name
Richard Wright
Title
Executive Direc
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Wright
Formed
2000
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
30

Preparer

Firm
DeSanti & Associates Inc
Address
300 W GRAND AVE STE 205, ESCONDIDO, CA 92025
Preparer
Steve Van Voorhis EA
Phone
7607811700
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Accrual adjustment $-964 adjust to remove special event expense $347006

Part XII, Line 2D: Other expenses and losses per audited F/S

Accrued expenses $-454 special events expenses $347006

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IRS990/OtherExpensesGrp/Desc1RENT
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IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02646
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1371
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2107
IRS990/OtherExpensesGrp/ProgramServicesAmt032854
IRS990/OtherExpensesGrp/ProgramServicesAmt125453
IRS990/OtherExpensesGrp/ProgramServicesAmt215232
IRS990/OtherExpensesGrp/ProgramServicesAmt37344
IRS990/OtherExpensesGrp/TotalAmt032854
IRS990/OtherExpensesGrp/TotalAmt128099
IRS990/OtherExpensesGrp/TotalAmt215603
IRS990/OtherExpensesGrp/TotalAmt37451
IRS990/OtherLiabilitiesGrp/BOYAmt026274
IRS990/OtherLiabilitiesGrp/EOYAmt026001
IRS990/OtherRevenueMiscGrp/Desc0NON CITY CONTRACT
IRS990/OtherRevenueMiscGrp/Desc1SPONSORSHIPS
IRS990/OtherRevenueMiscGrp/Desc2TICKET SALES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012200
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16090
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt223705
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16090
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt223705
IRS990/OtherRevenueTotalAmt051023
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0285687
IRS990/OtherSalariesAndWagesGrp/TotalAmt0285687
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034666
IRS990/PayrollTaxesGrp/TotalAmt034666
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RICHARD WRIGHT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt016776
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0245
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0151480
IRS990/PYOtherRevenueAmt0537569
IRS990/PYProgramServiceRevenueAmt08500
IRS990/PYRevenuesLessExpensesAmt038161
IRS990/PYSalariesCompEmpBnftPaidAmt0373449
IRS990/PYTotalExpensesAmt0524929
IRS990/PYTotalRevenueAmt0563090
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt038508
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0876716
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0410708
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0449216
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0243985
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0244228
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02925
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0325
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03250
IRS990ScheduleD/EquipmentGrp/BookValueAmt024027
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061581
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085608
IRS990ScheduleD/ExpensesNotReportedAmt0347456
IRS990ScheduleD/ExpensesSubtotalAmt0568941
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020433
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017658
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt038091
IRS990ScheduleD/LossesReportedAmt0904
IRS990ScheduleD/OtherExpensesIncludedAmt0346552
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02180
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016892
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019072
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2VISA
IRS990ScheduleD/OtherRevenueAmt0346042
IRS990ScheduleD/RevenueNotReportedAmt0346042
IRS990ScheduleD/RevenueSubtotalAmt0607449
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCRUAL ADJUSTMENT $-964 ADJUST TO REMOVE SPECIAL EVENT EXPENSE $347006
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUED EXPENSES $-454 SPECIAL EVENTS EXPENSES $347006
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049565
IRS990ScheduleD/TotalExpensesPerForm990Amt0568941
IRS990ScheduleD/TotalLiabilityAmt026001
IRS990ScheduleD/TotalRevenuePerForm990Amt0607449
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0953491
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0916397
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0321138
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt040252
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt019662
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt0832
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt060746
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SUNSET MARKET
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BEACH SERVICES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0500
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt07293
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt07793
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0607127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0151225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0119722
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0878074
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0607127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0151225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0119722
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0878074
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0556936
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt067
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt067
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0161071
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt053560
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt037901
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0252532
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS ANY CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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