Civic Intelligence

Music Concourse Community Partnership

990 • Fiscal year 2017 • EIN 91-2146802

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 26, 2018

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.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

6.00x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

12th percentile

-12%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

8th percentile

$30,880

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

13th percentile

-5.1%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-3.9%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$39,967,421

Down $2,148,241 (-5.1%) from 2016

Net Assets

Down

$9,470,082

Down $634,073 (-6.3%) from 2016

Liabilities

Down

$30,497,339

Down $1,514,168 (-4.7%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin12th percentile

Revenue

Down

$5,082,041

Down $206,629 (-3.9%) from 2016

Expenses

Down

$5,714,398

Down $44,929 (-0.8%) from 2016

Net Income

Down

-$632,357

Down $161,700 (-34%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2017

Assets$39,967,421
Liabilities$30,497,339
Net Assets$9,470,082
Open 2017 Filing

Operations Trend

Revenue Growth23rd 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

2017

Revenue$5,082,041
Expenses$5,714,398
Net Income-$632,357
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 26, 2018
Return Version
2016v3.0
Gross Receipts
$5,082,041
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$34,635,718$33,445,411▼ $1,190,307
Savings and Temporary Cash Investments$2,650,000$2,650,000→ $0
Prepaid Expenses and Deferred Charges$2,427,557$2,307,899▼ $119,658
Cash and Non-Interest-Bearing Accounts$1,589,800$1,563,942▼ $25,858
Accounts Receivable$426$169▼ $257
Total Assets$42,115,662$39,967,421▼ $2,148,241
Other Assets Total$812,161$0▼ $812,161
Liabilities
Tax Exempt Bond Liabilities$27,450,000$26,056,571▼ $1,393,429
Mortgage Notes Payable Secured by Investment Property$2,032,911$2,154,887▲ $121,976
Accounts Payable and Accrued Expenses$1,979,703$1,706,531▼ $273,172
Other Liabilities$548,893$579,350▲ $30,457
Total Liabilities$32,011,507$30,497,339▼ $1,514,168
Net Assets / Fund Balance
Unrestricted Net Assets$10,104,155$9,470,082▼ $634,073
Total Net Assets Fund Balance$10,104,155$9,470,082▼ $634,073
Total Liabilities and Net Assets / Fund Balance$42,115,662$39,967,421▼ $2,148,241

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,445,411$13,564,245$47,009,656
Equipment$0$225,599$225,599
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleBaseTotal
Janet A BerckefeldtPresident$30,880$30,880

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Imperial Parking (US) LLCparking attendants, garage maintenance1740 Cesar Chavez St Unit 2W, San Francisco, CA 94124$1,972,416
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,073,264
Investment Income
$8,777
Other Revenue
$0
Change in Net Assets
$-632,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,060,795
Revenue Not Reported on Financial Statements
$1,021,246
Revenue Not Reported on Form 990
$-1,716
Other Revenue Adjustments
$1,021,246
Total Revenue per Audited Statements
$4,059,079
Total Revenue per Form 990
$5,082,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,679,268
Salaries, Compensation, and Employee Benefits$35,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,727,507--$1,727,507
Depreciation Depletion$1,190,306--$1,190,306
Fees for Services Other$922,334$1,746-$924,080
Occupancy$437,949--$437,949
Insurance$105,503$13,024-$118,527
Fees for Services Accounting-$55,427-$55,427
Current Officers, Directors, Trustees, and Key Employees-$31,614-$31,614
Office Expenses$25,330--$25,330
Information Technology$14,400--$14,400
Other Expenses$5,576$2,899-$8,475
Payroll Taxes-$3,516-$3,516
Travel$25--$25
Total Functional Expenses$5,606,172$108,226$0$5,714,398

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,714,398
Expenses per Audited Statements$4,693,152
Total Expenses per Audited Statements$4,693,152
Expenses Not Reported on Financial Statements$1,021,246
Other Expense Adjustments$1,021,246
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$579,350

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-$2,850,000$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 11B

“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
2018-04-26
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
1
Volunteers
6

Preparer

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

Additional Explanations

Form 990, Part IX, line 11G

“Outside services: Program service expenses 922,334. Management and general expenses 0. Fundraising expenses 0. Total expenses 922,334. Payroll Processing: Program service expenses 0. Management and general expenses 1,746. Fundraising expenses 0. Total expenses 1,746.”

Form 990, Part XII, Line 2C:

“The process has not changed from prior year.”

Financial Statement Notes

Part X, Line 2:

“MCCP is a qualified organization exempt from federal and California income taxes under the provisions of 501(c)(3) of the Internal Revenue Code (IRC) and 23701(d) of the California Revenue and Taxation Code. MCCP has evaluated its current tax positions and has concluded that as of June 30, 2017, the 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 1,021,246.”

Part XII, Line 4B - Other Adjustments:

“Parking Tax Expenses Netted against Revenue 1,021,246.”

Raw XML AppendixShowing 400 of 486 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/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0812161
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Parking Taxes
IRS990/OtherExpensesGrp/Desc1Credit Card Fees
IRS990/OtherExpensesGrp/Desc2Licenses, Permits, Fees
IRS990/OtherExpensesGrp/Desc3Fee to City of SF
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02899
IRS990/OtherExpensesGrp/ProgramServicesAmt01021246
IRS990/OtherExpensesGrp/ProgramServicesAmt1125540
IRS990/OtherExpensesGrp/ProgramServicesAmt230456
IRS990/OtherExpensesGrp/ProgramServicesAmt35576
IRS990/OtherExpensesGrp/TotalAmt01021246
IRS990/OtherExpensesGrp/TotalAmt1125540
IRS990/OtherExpensesGrp/TotalAmt230456
IRS990/OtherExpensesGrp/TotalAmt38475
IRS990/OtherLiabilitiesGrp/BOYAmt0548893
IRS990/OtherLiabilitiesGrp/EOYAmt0579350
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03516
IRS990/PayrollTaxesGrp/TotalAmt03516
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02427557
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02307899
IRS990/PrincipalOfficerNm0Janet Berckefeldt
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0812930
IRS990/ProgramServiceRevenueGrp/Desc0Parking Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05073264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05073264
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011075
IRS990/PYOtherExpensesAmt05716332
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05277595
IRS990/PYRevenuesLessExpensesAmt0-470657
IRS990/PYSalariesCompEmpBnftPaidAmt042995
IRS990/PYTotalExpensesAmt05759327
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05288670
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-632357
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05073264
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02650000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02650000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08777
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08803
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08149
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012346
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt049150
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05073264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05277595
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04905310
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05136078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05346325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt025738572
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08777
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08803
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08149
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012346
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt049150
IRS990ScheduleA/InvestmentIncomeCYPct00.00190
IRS990ScheduleA/InvestmentIncomePYPct00.00230
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99810
IRS990ScheduleA/PublicSupportPY509Pct00.99770
IRS990ScheduleA/PublicSupportTotal509Amt025738572
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05073264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05277595
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04905310
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05136078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05346325
IRS990ScheduleA/Total509Grp/TotalAmt025738572
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05082041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05288670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04914113
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05144227
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05358671
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt025787722
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt033445411
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013564245
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt047009656
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0225599
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0225599
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01021246
IRS990ScheduleD/ExpensesSubtotalAmt04693152
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1716
IRS990ScheduleD/OtherExpensesNotIncludedAmt01021246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0579350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0promise to give to the city
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01021246
IRS990ScheduleD/RevenueNotReportedAmt0-1716
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01021246
IRS990ScheduleD/RevenueSubtotalAmt04060795
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MCCP is a qualified organization exempt from federal and California income taxes under the provisions of 501(c)(3) of the Internal Revenue Code (IRC) and 23701(d) of the California Revenue and Taxation Code. MCCP has evaluated its current tax positions and has concluded that as of June 30, 2017, the Organization does not have any significant uncertain tax positions for which a reserve would be necessary.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Parking Tax Expenses Netted against Revenue 1,021,246.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Parking Tax Expenses Netted against Revenue 1,021,246.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033445411
IRS990ScheduleD/TotalExpensesPerForm990Amt05714398
IRS990ScheduleD/TotalLiabilityAmt0579350
IRS990ScheduleD/TotalRevenuePerForm990Amt05082041
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04059079
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04693152
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/WrittenProcToMonitorReqsInd01
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/RetiredAmt02850000
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Outside services: Program service expenses 922,334. Management and general expenses 0. Fundraising expenses 0. Total expenses 922,334. Payroll Processing: Program service expenses 0. Management and general expenses 1,746. Fundraising expenses 0. Total expenses 1,746.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The process has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,967,421
Liabilities
$30,497,339
Net assets
$9,470,082
Revenue
$5,082,041
Expenses
$5,714,398
Net income
-$632,357
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