Liabilities / Assets
64th percentile
Higher debt load relative to assets than 64% of similar nonprofits.
EIN 77-0097315 • 501(c)4 • Monterey, CA
Profile
The association promotes the central commercial core of monterey to make visitors and residents aware of the rich history of the city. Monterey was the first capitol of california and its oldest buildings display the architecture of early california, before it became a state, and are fully incorporated into the downtown area.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
64th percentile
Higher debt load relative to assets than 64% of similar nonprofits.
Liabilities / Revenue
65th percentile
Higher debt load relative to revenue than 65% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 22.7% of source-year revenue.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
56th percentile
Faster revenue growth than 56% of similar nonprofits.
Assets
Up$337,497
Up $9,983 (+3.0%) from 2023
Liabilities
Down$2,285
Down $51 (-2.2%) from 2023
Net Assets
Up$335,212
Up $10,034 (+3.1%) from 2023
Revenue
Up$362,155
Up $6,568 (+1.8%) from 2023
Expenses
Up$352,121
Up $45,093 (+15%) from 2023
Net Income
Down$10,034
Down $38,525 (-79%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The association promotes the central commercial core of Monterey to make visitors and residents aware of the rich history of the city. Monterey was the first capitol of California and its oldest buildings display the architecture of early California, before it became a state, and are fully incorporated into the downtown area.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $327,514 | $337,497 | ▲ $9,983 |
| Total Assets | $327,514 | $337,497 | ▲ $9,983 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $2,336 | $2,285 | ▼ $51 |
| Total Liabilities | $2,336 | $2,285 | ▼ $51 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $325,178 | $335,212 | ▲ $10,034 |
| Total Net Assets Fund Balance | $325,178 | $335,212 | ▲ $10,034 |
| Total Liabilities and Net Assets / Fund Balance | $327,514 | $337,497 | ▲ $9,983 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Peter Cofresi | Executive Di | FT | $82,292 | $82,292 |
| Name | Title |
|---|---|
| Michele Pearce | President |
| Brittani Reid-bristol | Trustee |
| Carolyn B Harris | Trustee |
| Ed Smith | Trustee |
| Franco Vasquez | Trustee |
| Jerry Anderson | Trustee |
| John Culcasi | Trustee |
| Lisanne Sawhney | Trustee |
| Melissa Theony | Trustee |
| Ryan Lama | Trustee |
| Ryan Mccormick | Trustee |
| Sahin Gunsel | Trustee |
| Zane Mortensen | Trustee |
| Barbara Burke | Secretary |
| Lauren Cohen | Vice Preside |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $200,557 |
| Other Expenses | $151,564 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $50,402 | $46,898 | - | $97,300 |
| Current Officers, Directors, Trustees, and Key Employees | $41,146 | $41,146 | - | $82,292 |
| Occupancy | $10,800 | $34,142 | - | $44,942 |
| All Other Expenses | $23,504 | $3,526 | - | $27,030 |
| Advertising | $21,215 | - | - | $21,215 |
| Payroll Taxes | $5,715 | $9,956 | - | $15,671 |
| Insurance | $4,338 | $4,338 | - | $8,676 |
| Other Expenses | $7,738 | $15,940 | - | $7,738 |
| Other Employee Benefits | $971 | $4,323 | - | $5,294 |
| Office Expenses | $535 | $3,221 | - | $3,756 |
| Travel | $1,639 | - | - | $1,639 |
| Total Functional Expenses | $188,631 | $163,490 | $0 | $352,121 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The year end financial statements are reviewed by the entire board of directors. The treasurer and executive director compare these with the tax return being filed.”
“Compensation process for top official compensation of the executive direct or is established annually by the entire board of directors.”
“Documents are made available to the public upon request at our main office .”
“The association promotes the central commercial core of monterey to make visitors and residents aware of the rich history of the city. Monterey was the first capitol of california and its oldest buildings display the architecture of early california, before it became a state, and are fully incorporated into the downtown area.”
“Historic preservation - omba coordinates the dissemination of historical information about monterey among california state parks, the national trust of historical preservation and the path of history publication in an effort to attract visitors and residents downtown. Omba establishes various events such as art in the adobes, which focuses on the historical buildings in the city. Omba is an accredited nation main street program through the national trust for historic preservation and the california main street alliance.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | THE ASSOCIATION PROMOTES THE CENTRAL COMMERCIAL CORE OF MONTEREY TO MAKE VISITORS AND RESIDENTS AWARE OF THE RICH HISTORY OF THE CITY. MONTEREY WAS THE FIRST CAPITOL OF CALIFORNIA AND ITS OLDEST BUILDINGS DISPLAY THE ARCHITECTURE OF EARLY CALIFORNIA, BEFORE IT BECAME A STATE, AND ARE FULLY INCORPORATED INTO THE DOWNTOWN AREA. |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
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| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/MissionDesc | 0 | THE ASSOCIATION PROMOTES THE CENTRAL COMMERCIAL CORE OF MONTEREY TO MAKE VISITORS AND RESIDENTS AWARE OF THE RICH HISTORY OF THE CITY. MONTEREY WAS THE FIRST CAPITOL OF CALIFORNIA AND ITS OLDEST BUILDINGS DISPLAY THE ARCHITECTURE OF EARLY CALIFORNIA, BEFORE IT BECAME A STATE, AND ARE FULLY INCORPORATED INTO THE DOWNTOWN AREA. |
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| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 535 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3756 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 1 | RENT MARKET PLACE |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | OMBA SERVICES |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 6000 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | SPECIAL EVENT PROMOTIONS - OMBA SPONSORS AND/OR FACILITATES FESTIVALS AND OTHER EVENTS WHICH ATTRACTS VISITORS AND BRINGS RESIDENTS DOWNTOWN. THESE INCLUDE A FOURTH OF JULY PARADE, MAIN STREET CAR SHOWS, 50 FARMERS' MARKETS EACH YEAR, OPEN AIR ART SHOWS, MUSIC FESTIVALS AND OTHER EVENTS WHICH ARE DESIGNED TO ATTRACT VISITORS AND RESIDENTS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | MEDIA ADVERTISING - OLD MONTEREY BUSINESS ASSOCIATION OMBA PROMOTES THE DOWNTOWN AREA OF MONTEREY THROUGH RADIO, TELEVISION AND PRINT MEDIA. OMBA ALSO SUPPORTS THE VISITOR'S BUREAU AND LOCAL CHAMBER OF COMMERCE. A PROMOTION COMMITTEE DIRECTS THESE ADVERTISING AND PROMOTION CAMPAIGNS. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 20505 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | HISTORIC PRESERVATION - OMBA COORDINATES THE DISSEMINATION OF HISTORICAL INFORMATION ABOUT MONTEREY AMONG CALIFORNIA STATE PARKS, THE NATIONAL TRUST OF HISTORICAL PRESERVATION AND THE PATH OF HISTORY PUBLICATION IN AN EFFORT TO ATTRACT VISITORS AND RESIDENTS DOWNTOWN. OMBA ESTABLISHES VARIOUS EVENTS SUCH AS ART IN THE ADOBES, WHICH FOCUSES ON THE HISTORICAL BUILDINGS IN THE CITY. OMBA IS AN ACCREDITED NATION MAIN STREET PROGRAM THROUGH THE NATIONAL TRUST FOR HISTORIC PRESERVATION AND THE CALIFORNIA MAIN STREET ALLIANCE. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ASSOCIATION PROMOTES THE CENTRAL COMMERCIAL CORE OF MONTEREY TO MAKE VISITORS AND RESIDENTS AWARE OF THE RICH HISTORY OF THE CITY. MONTEREY WAS THE FIRST CAPITOL OF CALIFORNIA AND ITS OLDEST BUILDINGS DISPLAY THE ARCHITECTURE OF EARLY CALIFORNIA, BEFORE IT BECAME A STATE, AND ARE FULLY INCORPORATED INTO THE DOWNTOWN AREA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | HISTORIC PRESERVATION - OMBA COORDINATES THE DISSEMINATION OF HISTORICAL INFORMATION ABOUT MONTEREY AMONG CALIFORNIA STATE PARKS, THE NATIONAL TRUST OF HISTORICAL PRESERVATION AND THE PATH OF HISTORY PUBLICATION IN AN EFFORT TO ATTRACT VISITORS AND RESIDENTS DOWNTOWN. OMBA ESTABLISHES VARIOUS EVENTS SUCH AS ART IN THE ADOBES, WHICH FOCUSES ON THE HISTORICAL BUILDINGS IN THE CITY. OMBA IS AN ACCREDITED NATION MAIN STREET PROGRAM THROUGH THE NATIONAL TRUST FOR HISTORIC PRESERVATION AND THE CALIFORNIA MAIN STREET ALLIANCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE YEAR END FINANCIAL STATEMENTS ARE REVIEWED BY THE ENTIRE BOARD OF DIRECTORS. THE TREASURER AND EXECUTIVE DIRECTOR COMPARE THESE WITH THE TAX RETURN BEING FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION OF THE EXECUTIVE DIRECT OR IS ESTABLISHED ANNUALLY BY THE ENTIRE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT OUR MAIN OFFICE . |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/USAddress/AddressLine1Txt | 0 | 98 DEL MONTE AVE STE 201 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PETER COFRESI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8316558070 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-14 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | OLDM |
| ReturnHeader/Filer/EIN | 0 | 770097315 |
| ReturnHeader/Filer/PhoneNum | 0 | 8316558070 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 98 DEL MONTE AVE SUITE 201 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MONTEREY |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 371852224 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CAL ACCOUNTING PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 26335 CARMEL RANCHO BLVD SUITE 9 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CARMEL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 93923 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8312750084 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHRISTOPHER LOCKE |
| ReturnHeader/ReturnTs | 0 | 2025-11-10T17:47:11-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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