Civic Intelligence

Old Monterey Business Association

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.

98 Del Monte Ave Suite 201Monterey, CA 93940

oldmonterey.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.01x

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

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

53rd percentile

2.8%

Higher net margin than 53% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$82,292

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

61st percentile

3.0%

Faster asset growth than 61% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

1.8%

Faster revenue growth than 56% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2012: $105,392Liabilities 2012: $79,068Net Assets 2012: $26,3242012Assets 2013: $105,937Liabilities 2013: $85,105Net Assets 2013: $20,8322013Assets 2014: $107,193Liabilities 2014: $86,309Net Assets 2014: $20,8842014Assets 2015: $20,954Liabilities 2015: $802Net Assets 2015: $20,1522015Assets 2016: $37,304Liabilities 2016: $2,265Net Assets 2016: $35,0392016Assets 2017: $29,498Liabilities 2017: $1,690Net Assets 2017: $27,8082017Assets 2018: $72,306Liabilities 2018: $1,789Net Assets 2018: $70,5172018Assets 2019: $78,551Liabilities 2019: $4,291Net Assets 2019: $74,2602019Assets 2020: $142,669Liabilities 2020: $1,286Net Assets 2020: $141,3832020Assets 2021: $219,846Liabilities 2021: $1,872Net Assets 2021: $217,9742021Assets 2022: $286,562Liabilities 2022: $1,852Net Assets 2022: $284,7102022Assets 2023: $327,514Liabilities 2023: $2,336Net Assets 2023: $325,1782023Assets 2024: $337,497Liabilities 2024: $2,285Net Assets 2024: $335,2122024

Highlighted filing

2024

Assets$337,497
Liabilities$2,285
Net Assets$335,212

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $267,338Expenses 2012: $283,600Net Income 2012: -$16,2622012Revenue 2013: $279,320Expenses 2013: $284,812Net Income 2013: -$5,4922013Revenue 2014: $290,034Expenses 2014: $289,982Net Income 2014: $522014Revenue 2015: $305,659Expenses 2015: $306,391Net Income 2015: -$7322015Revenue 2016: $418,299Expenses 2016: $403,412Net Income 2016: $14,8872016Revenue 2017: $383,278Expenses 2017: $390,509Net Income 2017: -$7,2312017Revenue 2018: $415,938Expenses 2018: $373,229Net Income 2018: $42,7092018Revenue 2019: $397,214Expenses 2019: $393,471Net Income 2019: $3,7432019Revenue 2020: $311,333Expenses 2020: $244,210Net Income 2020: $67,1232020Revenue 2021: $321,765Expenses 2021: $245,174Net Income 2021: $76,5912021Revenue 2022: $397,157Expenses 2022: $330,421Net Income 2022: $66,7362022Revenue 2023: $355,587Expenses 2023: $307,028Net Income 2023: $48,5592023Revenue 2024: $362,155Expenses 2024: $352,121Net Income 2024: $10,0342024

Highlighted filing

2024

Revenue$362,155
Expenses$352,121
Net Income$10,034

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$362,155
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter CofresiExecutive DiFT$82,292$82,292

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$129,813
Program Service Revenue
$232,342
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

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.

Form 990, Page 6, Part VI, Line 15B

Compensation process for top official compensation of the executive direct or is established annually by the entire board of directors.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request at our main office .

Filing and Contact Details

Filer

Filer Name
Old Monterey Business Association
EIN
77-0097315
Phone
8316558070
Address
98 DEL MONTE AVE SUITE 201, MONTEREY, CA 93940

Signing Officer

Name
Peter Cofresi
Title
Executive Director
Phone
8316558070
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Cofresi
Formed
1994
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
11

Preparer

Firm
Cal Accounting Pc
Address
26335 CARMEL RANCHO BLVD SUITE 9, CARMEL, CA 93923
Preparer
Christopher Locke
Phone
8312750084
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Page 2, Part III, Line 4D

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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IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL 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/Desc0MEDIA 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/ExpenseAmt020505
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HISTORIC 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt044030
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0131268
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0137901
IRS990/PYProgramServiceRevenueAmt0224319
IRS990/PYRevenuesLessExpensesAmt048559
IRS990/PYSalariesCompEmpBnftPaidAmt0169127
IRS990/PYTotalExpensesAmt0307028
IRS990/PYTotalRevenueAmt0355587
IRS990/ReconcilationRevenueExpnssAmt010034
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1HISTORIC 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/ExplanationTxt2THE 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/ExplanationTxt3COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION OF THE EXECUTIVE DIRECT OR IS ESTABLISHED ANNUALLY BY THE ENTIRE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT OUR MAIN OFFICE .
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0327514
IRS990/TotalAssetsEOYAmt0337497
IRS990/TotalAssetsGrp/BOYAmt0327514
IRS990/TotalAssetsGrp/EOYAmt0337497
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0129813
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163490
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0188631
IRS990/TotalFunctionalExpensesGrp/TotalAmt0352121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02336
IRS990/TotalLiabilitiesEOYAmt02285
IRS990/TotalLiabilitiesGrp/BOYAmt02336
IRS990/TotalLiabilitiesGrp/EOYAmt02285
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0325178
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0335212
IRS990/TotalOtherProgSrvcExpenseAmt044030
IRS990/TotalProgramServiceExpensesAmt0188631
IRS990/TotalProgramServiceRevenueAmt0232342
IRS990/TotalReportableCompFromOrgAmt082292
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0232342
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0362155
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0327514
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0337497
IRS990/TravelGrp/ProgramServicesAmt01639
IRS990/TravelGrp/TotalAmt01639
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt098 DEL MONTE AVE STE 201
IRS990/USAddress/CityNm0MONTEREY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093940
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0OLDMONTEREY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER COFRESI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08316558070
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLD MONTEREY BUSINESS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0OLDM
ReturnHeader/Filer/EIN0770097315
ReturnHeader/Filer/PhoneNum08316558070
ReturnHeader/Filer/USAddress/AddressLine1Txt098 DEL MONTE AVE SUITE 201
ReturnHeader/Filer/USAddress/CityNm0MONTEREY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093940
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371852224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CAL ACCOUNTING PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026335 CARMEL RANCHO BLVD SUITE 9
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093923
ReturnHeader/PreparerPersonGrp/PhoneNum08312750084
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER LOCKE
ReturnHeader/ReturnTs02025-11-10T17:47:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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