Civic Intelligence

Studio City Improvement Association

990 • Fiscal year 2023 • EIN 91-2007849

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 25, 2024

12198 Ventura Blvd 207Studio City, CA 91604

(818) 821-3820

Siviq Scores

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

Liabilities / Assets

85th percentile

0.28x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.05x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

16th percentile

-24%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$73,700

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

5th percentile

-59%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-23%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$73,930

Flat from 2023

Net Assets

Flat

$53,225

Flat from 2023

Liabilities

Flat

$20,705

Flat from 2023

Revenue

Flat

$447,597

Flat from 2023

Expenses

Flat

$553,689

Flat from 2023

Net Income

Flat

-$106,092

Flat from 2023

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 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 2023: $73,930Liabilities 2023: $20,705Net Assets 2023: $53,2252023Assets 2024: $74,055Liabilities 2024: $27,516Net Assets 2024: $46,5392024

Highlighted filing

2023

Assets$73,930
Liabilities$20,705
Net Assets$53,225

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 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 2023: $447,597Expenses 2023: $553,689Net Income 2023: -$106,0922023Revenue 2024: $528,388Expenses 2024: $535,074Net Income 2024: -$6,6862024

Highlighted filing

2023

Revenue$447,597
Expenses$553,689
Net Income-$106,092
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 25, 2024
Return Version
2023v5.1
Gross Receipts
$447,597
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$180,022$73,929▼ $106,093
Savings and Temporary Cash Investments-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$180,022$73,930▼ $106,092
Other Assets Total-$1-
Liabilities
Accounts Payable and Accrued Expenses$20,705$20,705→ $0
Total Liabilities$20,705$20,705→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$159,317$53,225▼ $106,092
Total Net Assets Fund Balance$159,317$53,225▼ $106,092
Total Liabilities and Net Assets / Fund Balance$180,022$73,930▼ $106,092

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Vicki NussbaumExecutive DirectorPT$73,700$73,700

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$444,217
Investment Income
$3,380
Other Revenue
$0
Change in Net Assets
$-106,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$473,875
Salaries, Compensation, and Employee Benefits$79,814
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---$73,700
Office Expenses-$19,207-$19,207
Fees for Services Other-$16,745-$16,745
Occupancy-$9,300-$9,300
Payroll Taxes-$6,114-$6,114
Fees for Services Accounting-$4,377-$4,377
Insurance-$3,624-$3,624
Other Expenses$53$723-$53
Total Functional Expenses$419,899$60,090$0$553,689
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
In-house lobbying only
No
Subject to proxy tax
Yes
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, Section B, Line 11B

A draft of form 990 is given to the executive director to review for accuracy and approval.

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15B

The board of directors reviews and approves the compensation of the organization's executive director.

Form 990, Part VI, Section C, Line 19

The organization reviews all requests for financial statements, tax returns, and governing documents and provides information to the public consitent 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
2024-06-25
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
Richard Moon & Associates Accountancy Corp
Address
5777 West Century Blvd Suite 1580, Los Angeles, CA 90045
Preparer
Richard W Moon CPA
Phone
3104840800
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
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IRS990/MissionDesc0COMMITTED 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS GIVEN TO THE EXECUTIVE DIRECTOR TO REVIEW FOR ACCURACY AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY SIGNED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. THE ORGANIZATION HAS ADOPTED A WHISTLEBLOWER POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REVIEWS ALL REQUESTS FOR FINANCIAL STATEMENTS, TAX RETURNS, AND GOVERNING DOCUMENTS AND PROVIDES INFORMATION TO THE PUBLIC CONSITENT WITH APPLICABLE LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/TotalAssetsEOYAmt073930
IRS990/TotalAssetsGrp/BOYAmt0180022
IRS990/TotalAssetsGrp/EOYAmt073930
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060090
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0419899
IRS990/TotalFunctionalExpensesGrp/TotalAmt0553689
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020705
IRS990/TotalLiabilitiesEOYAmt020705
IRS990/TotalLiabilitiesGrp/BOYAmt020705
IRS990/TotalLiabilitiesGrp/EOYAmt020705
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0159317
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt053225
IRS990/TotalProgramServiceExpensesAmt0419899
IRS990/TotalProgramServiceRevenueAmt0444217
IRS990/TotalReportableCompFromOrgAmt073700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0447597
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0447597
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0180022
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt073930
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEAN CUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-25
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0510451057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richard Moon & Associates Accountancy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05777 West Century Blvd Suite 1580
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Angeles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090045
ReturnHeader/PreparerPersonGrp/PhoneNum03104840800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD W MOON CPA
ReturnHeader/ReturnTs02024-06-25T11:07:34-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DEAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CUTLER
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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
2023Detailed filing. Detailed filing data is available for this year.$0.74$0.21$0.53$4.48$5.54$1.06
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
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