Civic Intelligence

Music Concourse Community Partnership

990 • Fiscal year 2016 • EIN 91-2146802

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 20, 2016

Organization Profilen/a
135 Main Street 9th FloorSan Francisco, CA 94105

(510) 599-4651

Siviq Scores

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

Liabilities / Assets

84th percentile

0.76x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

6.05x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

17th percentile

-8.9%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$25,200

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

29th percentile

-1.9%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

5.8%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$42,115,662

Down $808,310 (-1.9%) from 2015

Net Assets

Down

$10,104,155

Down $467,410 (-4.4%) from 2015

Liabilities

Down

$32,011,507

Down $340,900 (-1.1%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin17th percentile

Revenue

Up

$5,288,670

Up $291,368 (+5.8%) from 2015

Expenses

Up

$5,759,327

Up $147,163 (+2.6%) from 2015

Net Income

Up

-$470,657

Up $144,205 (+23%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$60M$40M$20M$0Assets 2011: $47,472,118Liabilities 2011: $34,021,958Net Assets 2011: $13,450,1602011Assets 2012: $46,401,225Liabilities 2012: $34,348,375Net Assets 2012: $12,052,8502012Assets 2013: $45,150,456Liabilities 2013: $33,484,981Net Assets 2013: $11,665,4752013Assets 2014: $44,077,848Liabilities 2014: $32,889,922Net Assets 2014: $11,187,9262014Assets 2015: $42,923,972Liabilities 2015: $32,352,407Net Assets 2015: $10,571,5652015Assets 2016: $42,115,662Liabilities 2016: $32,011,507Net Assets 2016: $10,104,1552016Assets 2017: $39,967,421Liabilities 2017: $30,497,339Net Assets 2017: $9,470,0822017Assets 2018: $38,487,995Liabilities 2018: $29,675,711Net Assets 2018: $8,812,2842018Assets 2019: $37,824,404Liabilities 2019: $28,637,246Net Assets 2019: $9,187,1582019Assets 2020: $35,160,816Liabilities 2020: $28,025,544Net Assets 2020: $7,135,2722020Assets 2021: $32,672,431Liabilities 2021: $27,554,069Net Assets 2021: $5,118,3622021Assets 2022: $31,271,076Liabilities 2022: $26,893,706Net Assets 2022: $4,377,3702022Assets 2023: $32,232,414Liabilities 2023: $26,576,061Net Assets 2023: $5,656,3532023Assets 2024: $31,544,209Liabilities 2024: $25,557,924Net Assets 2024: $5,986,2852024Assets 2025: $703,648Liabilities 2025: $81,031Net Assets 2025: $622,6172025

Highlighted filing

2016

Assets$42,115,662
Liabilities$32,011,507
Net Assets$10,104,155
Open 2016 Filing

Operations Trend

Revenue Growth60th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $5,132,775Expenses 2011: $4,593,070Net Income 2011: $539,7052011Expenses 2012: $5,823,0892012Expenses 2013: $5,746,4162013Revenue 2014: $5,144,227Expenses 2014: $5,621,803Net Income 2014: -$477,5762014Revenue 2015: $4,997,302Expenses 2015: $5,612,164Net Income 2015: -$614,8622015Revenue 2016: $5,288,670Expenses 2016: $5,759,327Net Income 2016: -$470,6572016Revenue 2017: $5,082,041Expenses 2017: $5,714,398Net Income 2017: -$632,3572017Revenue 2018: $4,965,367Expenses 2018: $5,612,856Net Income 2018: -$647,4892018Revenue 2019: $6,002,981Expenses 2019: $5,648,112Net Income 2019: $354,8692019Revenue 2020: $2,804,161Expenses 2020: $4,854,826Net Income 2020: -$2,050,6652020Revenue 2021: $2,073,280Expenses 2021: $4,087,985Net Income 2021: -$2,014,7052021Revenue 2022: $4,428,131Expenses 2022: $5,169,123Net Income 2022: -$740,9922022Revenue 2023: $7,317,594Expenses 2023: $6,038,611Net Income 2023: $1,278,9832023Revenue 2024: $6,122,100Expenses 2024: $5,792,168Net Income 2024: $329,9322024Revenue 2025: $5,925,788Expenses 2025: $4,427,367Net Income 2025: $1,498,4212025

Highlighted filing

2016

Revenue$5,288,670
Expenses$5,759,327
Net Income-$470,657
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 20, 2016
Return Version
2015v2.1
Gross Receipts
$5,288,670
Mission and Program Overview

Mission

Music concourse community partnership (mccp) owns and operates a non-profit parking garage that services visitors to san francisco's golden gate park, deyoung museum and california academy of science.

To complete and operate the Golden Gate Park underground parking facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,854,666$34,635,718▼ $1,218,948
Savings and Temporary Cash Investments$2,650,000$2,650,000→ $0
Prepaid Expenses and Deferred Charges$2,532,888$2,427,557▼ $105,331
Cash and Non-Interest-Bearing Accounts$1,053,681$1,589,800▲ $536,119
Accounts Receivable$2,857$426▼ $2,431
Total Assets$42,923,972$42,115,662▼ $808,310
Other Assets Total$829,880$812,161▼ $17,719
Liabilities
Tax Exempt Bond Liabilities$28,020,000$27,450,000▼ $570,000
Mortgage Notes Payable Secured by Investment Property$1,917,841$2,032,911▲ $115,070
Accounts Payable and Accrued Expenses$1,894,528$1,979,703▲ $85,175
Other Liabilities$520,038$548,893▲ $28,855
Total Liabilities$32,352,407$32,011,507▼ $340,900
Net Assets / Fund Balance
Unrestricted Net Assets$10,571,565$10,104,155▼ $467,410
Total Net Assets Fund Balance$10,571,565$10,104,155▼ $467,410
Total Liabilities and Net Assets / Fund Balance$42,923,972$42,115,662▼ $808,310

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,620,652$12,389,003$47,009,655
Equipment$15,066$210,534$225,600
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Janet A BerckefeldtPresidentPT$25,200$25,200

Board Members and Trustees

NameTitle
Martha KropfChair of the Board
Diane B WilseyDirector
Eric FosterDirector
Paul ViolichDirector
Mike McGeeDirector (Start 06/2016)
Alison BrownDirector (Through 06/2016)
Michelle GutierrezDirector (Through 07/2016)
Robert ValdezSecretary / Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
City Parkparking attendants, garage maintenance325 Fifth Street, San Francisco, CA 94107$2,041,063
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,277,595
Investment Income
$11,075
Other Revenue
$0
Change in Net Assets
$-470,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,240,033
Revenue Not Reported on Financial Statements
$1,048,637
Revenue Not Reported on Form 990
$3,247
Other Revenue Adjustments
$1,048,637
Total Revenue per Audited Statements
$4,243,280
Total Revenue per Form 990
$5,288,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,716,332
Salaries, Compensation, and Employee Benefits$42,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,759,157--$1,759,157
Depreciation Depletion$1,218,948--$1,218,948
Fees for Services Other$861,269$1,677-$862,946
Occupancy$374,369--$374,369
Insurance$105,820$22,276-$128,096
Fees for Services Accounting-$51,866-$51,866
Fees for Services Legal-$36,198-$36,198
Other Expenses$28,855$17,461-$28,855
Current Officers, Directors, Trustees, and Key Employees-$25,200-$25,200
Office Expenses$21,637--$21,637
Other Salaries and Wages-$13,520-$13,520
Information Technology$13,226--$13,226
Payroll Taxes-$3,396-$3,396
All Other Expenses-$2,759-$2,759
Other Employee Benefits-$879-$879
Total Functional Expenses$5,584,095$175,232$0$5,759,327

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,759,327
Expenses per Audited Statements$4,710,690
Total Expenses per Audited Statements$4,710,690
Expenses Not Reported on Financial Statements$1,048,637
Other Expense Adjustments$1,048,637
Expenses Not Reported on Form 990$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
promise to give to the city$548,893

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Enterprise Development Authority2010-12-30$29,700,000To repay 2005 tax-exempt bonds and other notes or loans.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$29,700,000-$2,250,000$565,093

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 A, line 8B

“The Audit Committee recommends to the Board, but does not act for the Board.”

Form 990, Part VI, Section B, line 11

“The Board of Directors, Treasurer, and Chair review the prepared 990 filings, as well as the Managing Director/President.”

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

“The conflict of interest policy covers all directors, officers, and staff. They are asked to disclose any conflicts annually which are then reviewed by the board.”

Form 990, Part VI, Section B, line 15

“The Managing Director and President, Janet Berckefeldt, directs all operations and oversees the relationships with the City of San Francisco, the garage operator, auditors, insurance agents, and supervises the accounting functions. Compensation was negotiated at the time of hire in September 2008 based on market rates, and was approved by the full Board at the time of hiring.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request. Financial statements are provided to the City of San Francisco and other interested parties on a monthly or quarterly basis as applicable.”

Filing and Contact Details

Filer

Filer Name
Music Concourse Community Partnership
EIN
91-2146802
Phone
5105994651
Address
135 Main Street 9th Floor, San Francisco, CA 94105

Signing Officer

Name
Janet Berckefeldt
Title
President
Phone
5105994651
Signed
2016-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Berckefeldt
Formed
2001
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
8

Preparer

Firm
Armanino LLP
Address
12657 Alcosta Blvd Ste 500, San Ramon, CA 94583-4600
Preparer
John Panetta
Phone
9257902600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Outside services: Program service expenses 861,269. Management and general expenses 0. Fundraising expenses 0. Total expenses 861,269. Payroll Processing: Program service expenses 0. Management and general expenses 1,677. Fundraising expenses 0. Total expenses 1,677.”

Form 990, Part XII, Line 2C:

“The process has not changed from prior year.”

Financial Statement Notes

Part X, Line 2:

“In 2015, the Organization underwent an examination by the Internal Revenue Service ("IRS"). On March 31, 2016, the Organization received a final ruling from the Internal Revenue Service that it is an organization exempt from Federal income tax under Internal Revenue Code Section 501(c )(3). Organization has also received notice from the California Franchise Tax Board that is an organization exempt from California income tax under Revenue and Taxation Code Section 23701(d). Organization has evaluated its current tax positions and has concluded that as of June 30, 2016 and 2015, Organization does not have any significant uncertain tax positions for which a reserve would be necessary.”

Part XI, Line 4B - Other Adjustments:

“Parking Tax Expenses Netted against Revenue 1,048,637.”

Part XII, Line 4B - Other Adjustments:

“Parking Tax Expenses Netted against Revenue 1,048,637.”

Raw XML AppendixShowing 400 of 491 raw XML fields

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/Desc0346,326 Regular tickets were issued in the garage from July 1, 2015 to June 30, 2016. In addition, there were 614 monthly parking passes issued, as well as an excess of 6,968 parkers who attended events. The garage not only served visitors to Golden Gate Park and its attractions, but helped to reduce traffic congestion in the area.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary / Treasurer
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IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Music Concourse Community Partnership (MCCP) owns and operates a non-profit parking garage that serves the visitors to San Francisco's Golden Gate Park, De Young Museum and California Academy of Science.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01917841
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02032911
IRS990/NetAssetsOrFundBalancesBOYAmt010571565
IRS990/NetAssetsOrFundBalancesEOYAmt010104155
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03247
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0374369
IRS990/OccupancyGrp/TotalAmt0374369
IRS990/OfficeExpensesGrp/ProgramServicesAmt021637
IRS990/OfficeExpensesGrp/TotalAmt021637
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0829880
IRS990/OtherAssetsTotalGrp/EOYAmt0812161
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0879
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0879
IRS990/OtherExpensesGrp/Desc0Parking Taxes
IRS990/OtherExpensesGrp/Desc1Credit Card Fees
IRS990/OtherExpensesGrp/Desc2Licenses, Permits, Fees
IRS990/OtherExpensesGrp/Desc3Fee to City of SF
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017461
IRS990/OtherExpensesGrp/ProgramServicesAmt01048637
IRS990/OtherExpensesGrp/ProgramServicesAmt1138690
IRS990/OtherExpensesGrp/ProgramServicesAmt213487
IRS990/OtherExpensesGrp/ProgramServicesAmt328855
IRS990/OtherExpensesGrp/TotalAmt01048637
IRS990/OtherExpensesGrp/TotalAmt1138690
IRS990/OtherExpensesGrp/TotalAmt230948
IRS990/OtherExpensesGrp/TotalAmt328855
IRS990/OtherLiabilitiesGrp/BOYAmt0520038
IRS990/OtherLiabilitiesGrp/EOYAmt0548893
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013520
IRS990/OtherSalariesAndWagesGrp/TotalAmt013520
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03396
IRS990/PayrollTaxesGrp/TotalAmt03396
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02532888
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02427557
IRS990/PrincipalOfficerNm0Janet Berckefeldt
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0812930
IRS990/ProgramServiceRevenueGrp/Desc0Parking Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05277595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05277595
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08803
IRS990/PYOtherExpensesAmt05581448
IRS990/PYOtherRevenueAmt083189
IRS990/PYProgramServiceRevenueAmt04905310
IRS990/PYRevenuesLessExpensesAmt0-614862
IRS990/PYSalariesCompEmpBnftPaidAmt030716
IRS990/PYTotalExpensesAmt05612164
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04997302
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-470657
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05277595
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02650000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02650000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08803
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08149
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017533
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt057906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05277595
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04905310
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05136078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05346325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04410593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt025075901
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08803
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08149
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012346
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017533
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt057906
IRS990ScheduleA/InvestmentIncomeCYPct00.00230
IRS990ScheduleA/InvestmentIncomePYPct00.00220
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99770
IRS990ScheduleA/PublicSupportPY509Pct00.99780
IRS990ScheduleA/PublicSupportTotal509Amt025075901
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05277595
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04905310
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05136078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05346325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04410593
IRS990ScheduleA/Total509Grp/TotalAmt025075901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05288670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04914113
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05144227
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05358671
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04428126
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt025133807
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt034620652
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012389003
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt047009655
IRS990ScheduleD/EquipmentGrp/BookValueAmt015066
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0210534
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0225600
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01048637
IRS990ScheduleD/ExpensesSubtotalAmt04710690
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03247
IRS990ScheduleD/OtherExpensesNotIncludedAmt01048637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0548893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0promise to give to the city
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01048637
IRS990ScheduleD/RevenueNotReportedAmt03247
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01048637
IRS990ScheduleD/RevenueSubtotalAmt04240033
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In 2015, the Organization underwent an examination by the Internal Revenue Service ("IRS"). On March 31, 2016, the Organization received a final ruling from the Internal Revenue Service that it is an organization exempt from Federal income tax under Internal Revenue Code Section 501(c )(3). Organization has also received notice from the California Franchise Tax Board that is an organization exempt from California income tax under Revenue and Taxation Code Section 23701(d). Organization has evaluated its current tax positions and has concluded that as of June 30, 2016 and 2015, Organization does not have any significant uncertain tax positions for which a reserve would be necessary.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Parking Tax Expenses Netted against Revenue 1,048,637.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Parking Tax Expenses Netted against Revenue 1,048,637.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034635718
IRS990ScheduleD/TotalExpensesPerForm990Amt05759327
IRS990ScheduleD/TotalLiabilityAmt0548893
IRS990ScheduleD/TotalRevenuePerForm990Amt05288670
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04243280
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04710690
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0The Corporate Trust Department of Bank of New York Mellon performs the rebate computation as required. The computation was last performed on September 1, 2016 with no rebate due.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule K, Part IV, Line 2c:
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02010-12-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0352273601
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum013067RBJ1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt029700000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0California Enterprise Development Authority
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0To repay 2005 tax-exempt bonds and other notes or loans.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt026982870
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt02650000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0565093
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt02250000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02038
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt029700000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/WorkingCapitalExpendituresAmt02118557
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Audit Committee recommends to the Board, but does not act for the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors, Treasurer, and Chair review the prepared 990 filings, as well as the Managing Director/President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy covers all directors, officers, and staff. They are asked to disclose any conflicts annually which are then reviewed by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Managing Director and President, Janet Berckefeldt, directs all operations and oversees the relationships with the City of San Francisco, the garage operator, auditors, insurance agents, and supervises the accounting functions. Compensation was negotiated at the time of hire in September 2008 based on market rates, and was approved by the full Board at the time of hiring.

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,115,662
Liabilities
$32,011,507
Net assets
$10,104,155
Revenue
$5,288,670
Expenses
$5,759,327
Net income
-$470,657
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.70$0.08$0.62$5.93$4.43$1.50
2024Detailed filing. Detailed filing data is available for this year.$31.5$25.6$5.99$6.12$5.79$0.33
2023Detailed filing. Detailed filing data is available for this year.$32.2$26.6$5.66$7.32$6.04$1.28
2022Detailed filing. Detailed filing data is available for this year.$31.3$26.9$4.38$4.43$5.17$0.74
2021Detailed filing. Detailed filing data is available for this year.$32.7$27.6$5.12$2.07$4.09$2.01
2020Detailed filing. Detailed filing data is available for this year.$35.2$28.0$7.14$2.80$4.85$2.05
2019Detailed filing. Detailed filing data is available for this year.$37.8$28.6$9.19$6.00$5.65$0.35
2018Detailed filing. Detailed filing data is available for this year.$38.5$29.7$8.81$4.97$5.61$0.65
2017Detailed filing. Detailed filing data is available for this year.$40.0$30.5$9.47$5.08$5.71$0.63
2016Detailed filing. Detailed filing data is available for this year.$42.1$32.0$10.1$5.29$5.76$0.47
2015Detailed filing. Detailed filing data is available for this year.$42.9$32.4$10.6$5.00$5.61$0.61
2014Detailed filing. Detailed filing data is available for this year.$44.1$32.9$11.2$5.14$5.62$0.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$33.5$11.7$5.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.4$34.3$12.1$5.82
2011Summary only. Only limited summary data is available for this year.$47.5$34.0$13.5$5.13$4.59$0.54