Civic Intelligence

Studio City Improvement Association

990 • Fiscal year 2020 • EIN 91-2007849

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 23, 2021

12198 Ventura Blvd 207Studio City, CA 91604

(818) 821-3820

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$127,815

Flat from 2020

Net Assets

Flat

$114,808

Flat from 2020

Liabilities

Flat

$13,007

Flat from 2020

Revenue And Expenses

Revenue

Flat

$512,771

Flat from 2020

Expenses

Flat

$423,215

Flat from 2020

Net Income

Flat

$89,556

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $204,334Liabilities 2011: $0Net Assets 2011: $204,3342011Assets 2012: $135,588Liabilities 2012: $0Net Assets 2012: $135,5882012Assets 2013: $195,308Liabilities 2013: $0Net Assets 2013: $195,3082013Assets 2014: $83,866Liabilities 2014: $0Net Assets 2014: $83,8662014Assets 2015: $249,847Liabilities 2015: $0Net Assets 2015: $249,8472015Assets 2016: $226,373Liabilities 2016: $0Net Assets 2016: $226,3732016Assets 2017: $220,455Liabilities 2017: $635Net Assets 2017: $219,8202017Assets 2018: $246,632Liabilities 2018: $961Net Assets 2018: $245,6712018Assets 2019: $25,252Liabilities 2019: $0Net Assets 2019: $25,2522019Assets 2020: $127,815Liabilities 2020: $13,007Net Assets 2020: $114,8082020Assets 2020: $127,815Liabilities 2020: $13,007Net Assets 2020: $114,8082020Assets 2021: $66,089Liabilities 2021: $20,705Net Assets 2021: $45,3842021Assets 2022: $180,022Liabilities 2022: $20,705Net Assets 2022: $159,3172022Assets 2023: $73,930Liabilities 2023: $20,705Net Assets 2023: $53,2252023Assets 2024: $74,055Liabilities 2024: $27,516Net Assets 2024: $46,5392024

Highlighted filing

2020

Assets$127,815
Liabilities$13,007
Net Assets$114,808

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $261,777Expenses 2011: $315,615Net Income 2011: -$53,8382011Revenue 2012: $263,816Expenses 2012: $332,562Net Income 2012: -$68,7462012Revenue 2013: $327,700Expenses 2013: $267,980Net Income 2013: $59,7202013Revenue 2014: $195,845Expenses 2014: $307,287Net Income 2014: -$111,4422014Revenue 2015: $569,892Expenses 2015: $403,911Net Income 2015: $165,9812015Revenue 2016: $439,414Expenses 2016: $462,888Net Income 2016: -$23,4742016Revenue 2017: $433,318Expenses 2017: $439,870Net Income 2017: -$6,5522017Revenue 2018: $478,826Expenses 2018: $452,974Net Income 2018: $25,8522018Revenue 2019: $441,668Expenses 2019: $662,087Net Income 2019: -$220,4192019Revenue 2020: $512,771Expenses 2020: $423,215Net Income 2020: $89,5562020Revenue 2020: $512,771Expenses 2020: $423,215Net Income 2020: $89,5562020Revenue 2021: $402,750Expenses 2021: $485,181Net Income 2021: -$82,4312021Revenue 2022: $583,280Expenses 2022: $469,347Net Income 2022: $113,9332022Revenue 2023: $447,597Expenses 2023: $553,689Net Income 2023: -$106,0922023Revenue 2024: $528,388Expenses 2024: $535,074Net Income 2024: -$6,6862024

Highlighted filing

2020

Revenue$512,771
Expenses$423,215
Net Income$89,556
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 23, 2021
Return Version
2020v4.0
Gross Receipts
$512,771
Mission and Program Overview

Mission

Committed to enhancing the quality of life in studio city by promoting and improving the buisness districy in and around studio city, california through programs and services for beautification, maintenance, and marketing.

Promotion and improvement of the business district in and around studio city, california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,754$127,814▲ $108,060
Accounts Receivable$5,498$0▼ $5,498
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$25,252$127,815▲ $102,563
Other Assets Total-$1-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$13,007-
Total Liabilities$0$13,007▲ $13,007
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,252$114,808▲ $89,556
Total Net Assets Fund Balance$25,252$114,808▲ $89,556
Total Liabilities and Net Assets / Fund Balance$25,252$127,815▲ $102,563

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,059$3,059
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dean CutlerPresident
Mike SitkinVice President
Vivki NussbaumExecutive Director
Gilbert StaynerSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$512,771
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$89,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$349,274
Salaries, Compensation, and Employee Benefits$73,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,329$9,612-$73,941
Occupancy$10,544$1,575-$12,119
Insurance$5,069$758-$5,827
Other Expenses$4,041$604-$4,645
Office Expenses$3,344$500-$3,844
Conferences and Meetings$112$17-$129
All Other Expenses$9$1-$10
Total Functional Expenses$368,196$55,019$0$423,215
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
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
No
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, Line 11B: Form 990 Review Process

The organization's accounting firm prepares the form 990. A draft of the form 990 is given to the ogranization's executive director, who reviews the form 990 for completeness and accuracy and provides the draft copy to all members of its governing board. The executive director then approves form 990 and the accounting firm sends the final version to the eecutive director for final revew and signature.

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

The organization has a conflict of interest policy signed by board of directors and the executive director. The organization has adopted a whistleblower policy.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Form 990, part vi, section b, line 15: the board of directors reviews and approves the compensation of the organization's executive director.

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

Form 990, part vi, section c, line 19: the organization reviews all requests for its financial statements, tax returns and governing documents and provides information to the public consistent with applicable law.

Filing and Contact Details

Filer

Filer Name
Studio City Improvement Association
EIN
91-2007849
Phone
8188213820
Address
12198 VENTURA BLVD 207, STUDIO CITY, CA 91604

Signing Officer

Name
Dean Cutler
Title
President
Signed
2021-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dean Cutler
Formed
1999
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
2

Preparer

Firm
Thomas R Soule CPA
Address
12520 Magnolia Blvd Suite 212, North Hollywood, CA 91607
Preparer
Thomas R Soule
Phone
8189807867
Supplemental Narrative

Additional Explanations

Amended Explanation

This amended return is being prepared to reclassify income on page 1, line 8 to line 9. Since the organization is a 501(c)(6), the income is for program services.

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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/MissionDesc0COMMITTED TO ENHANCING THE QUALITY OF LIFE IN STUDIO CITY BY PROMOTING AND IMPROVING THE BUSINESS DISTRICT IN AND AROUND STUDIO CITY, CALIFORNIA THROUGH PROGRAMS AND SERVICES FOR BEAUTIFICATION, MAINTENANCE AND MARKETING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ACCOUNTING FIRM PREPARES THE FORM 990. A DRAFT OF THE FORM 990 IS GIVEN TO THE OGRANIZATION'S EXECUTIVE DIRECTOR, WHO REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY AND PROVIDES THE DRAFT COPY TO ALL MEMBERS OF ITS GOVERNING BOARD. THE EXECUTIVE DIRECTOR THEN APPROVES FORM 990 AND THE ACCOUNTING FIRM SENDS THE FINAL VERSION TO THE EECUTIVE DIRECTOR FOR FINAL REVEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY SIGNED BY BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. THE ORGANIZATION HAS ADOPTED A WHISTLEBLOWER POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, SECTION B, LINE 15: THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION REVIEWS ALL REQUESTS FOR ITS FINANCIAL STATEMENTS, TAX RETURNS AND GOVERNING DOCUMENTS AND PROVIDES INFORMATION TO THE PUBLIC CONSISTENT WITH APPLICABLE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS AMENDED RETURN IS BEING PREPARED TO RECLASSIFY INCOME ON PAGE 1, LINE 8 TO LINE 9. SINCE THE ORGANIZATION IS A 501(C)(6), THE INCOME IS FOR PROGRAM SERVICES.
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 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Amended Explanation
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IRS990/TotalAssetsBOYAmt025252
IRS990/TotalAssetsEOYAmt0127815
IRS990/TotalAssetsGrp/BOYAmt025252
IRS990/TotalAssetsGrp/EOYAmt0127815
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055019
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0368196
IRS990/TotalFunctionalExpensesGrp/TotalAmt0423215
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt013007
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt013007
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025252
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0114808
IRS990/TotalProgramServiceExpensesAmt0423215
IRS990/TotalProgramServiceRevenueAmt0512771
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0512771
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0512771
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025252
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0127815
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012198 VENTURA BLVD 207
IRS990/USAddress/CityNm0STUDIO CITY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091604
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.STUDIOCITYBUSINESSDISTRICT.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEAN CUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STUDIO CITY IMPROVEMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0STUD
ReturnHeader/Filer/EIN0912007849
ReturnHeader/Filer/PhoneNum08188213820
ReturnHeader/Filer/USAddress/AddressLine1Txt012198 VENTURA BLVD 207
ReturnHeader/Filer/USAddress/CityNm0STUDIO CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091604
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953269294
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Thomas R Soule CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012520 Magnolia Blvd Suite 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0North Hollywood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091607
ReturnHeader/PreparerPersonGrp/PhoneNum08189807867
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas R Soule
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-09-23T14:49:39-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DEAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CUTLER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.28$0.47$5.28$5.35$0.07
2023Summary only. Only limited summary data is available for this year.$0.74$0.21$0.53$4.48$5.54$1.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.21$1.59$5.83$4.69$1.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.21$0.45$4.03$4.85$0.82
2020Detailed filing. Detailed filing data is available for this year.$1.28$0.13$1.15$5.13$4.23$0.90
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.13$1.15$5.13$4.23$0.90
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$4.42$6.62$2.20
2018Summary only. Only limited summary data is available for this year.$2.47$0.01$2.46$4.79$4.53$0.26
2017Summary only. Only limited summary data is available for this year.$2.20$0.01$2.20$4.33$4.40$0.07
2016Summary only. Only limited summary data is available for this year.$2.26$0.00$2.26$4.39$4.63$0.23
2015Summary only. Only limited summary data is available for this year.$2.50$0.00$2.50$5.70$4.04$1.66
2014Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$1.96$3.07$1.11
2013Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$3.28$2.68$0.60
2012Summary only. Only limited summary data is available for this year.$1.36$0.00$1.36$2.64$3.33$0.69
2011Summary only. Only limited summary data is available for this year.$2.04$0.00$2.04$2.62$3.16$0.54