Civic Intelligence

Figueroa Corridor Partnership Inc

EIN 95-4656045 • 501(c)6 • Los Angeles, CA

Profile

The figueroa corridor partnership is responsible for the daily management and promotion of the figueroa/flower/vermont corridor, linking downtown los angeles to exposition park. The partnership is committed to the area's development as a safe, clean, economically vibrant, and aesthetically pleasing environment in which to conduct business, continue an education, visit a museum, attend a sporting event, worship, or reside.

3982 S Figueroa Street 207Los Angeles, CA 90037

n/A

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.46x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.07x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

47th percentile

3.5%

Higher net margin than 47% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

32%

Faster asset growth than 90% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

5.9%

Faster revenue growth than 48% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$283,958

Up $69,203 (+32%) from 2023

Liabilities

Up

$130,302

Up $6,630 (+5.4%) from 2023

Net Assets

Up

$153,656

Up $62,573 (+69%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin47th percentile

Revenue

Up

$1,813,626

Up $101,516 (+5.9%) from 2023

Expenses

Up

$1,751,054

Up $146,498 (+9.1%) from 2023

Net Income

Down

$62,572

Down $44,982 (-42%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

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

$600K$400K$200K$0-$200KAssets 2010: $195,469Liabilities 2010: $111,062Net Assets 2010: $84,4072010Assets 2011: $232,837Liabilities 2011: $81,328Net Assets 2011: $151,5092011Assets 2012: $267,489Liabilities 2012: $67,083Net Assets 2012: $200,4062012Assets 2013: $450,312Liabilities 2013: $194,822Net Assets 2013: $255,4902013Assets 2014: $358,274Liabilities 2014: $151,464Net Assets 2014: $206,8102014Assets 2015: $331,386Liabilities 2015: $143,271Net Assets 2015: $188,1152015Assets 2016: $313,459Liabilities 2016: $163,284Net Assets 2016: $150,1752016Assets 2017: $244,546Liabilities 2017: $166,638Net Assets 2017: $77,9082017Assets 2018: $220,569Liabilities 2018: $100,114Net Assets 2018: $120,4552018Assets 2019: $231,982Liabilities 2019: $237,619Net Assets 2019: -$5,6372019Assets 2020: $120,997Liabilities 2020: $105,319Net Assets 2020: $15,6782020Assets 2021: $99,001Liabilities 2021: $132,920Net Assets 2021: -$33,9192021Assets 2022: $104,787Liabilities 2022: $121,258Net Assets 2022: -$16,4712022Assets 2023: $214,755Liabilities 2023: $123,672Net Assets 2023: $91,0832023Assets 2024: $283,958Liabilities 2024: $130,302Net Assets 2024: $153,6562024

Highlighted filing

2024

Assets$283,958
Liabilities$130,302
Net Assets$153,656
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,057,1312010Revenue 2011: $1,127,538Expenses 2011: $1,060,436Net Income 2011: $67,1022011Expenses 2012: $1,123,7302012Revenue 2013: $1,310,899Expenses 2013: $1,255,815Net Income 2013: $55,0842013Revenue 2014: $1,288,402Expenses 2014: $1,337,082Net Income 2014: -$48,6802014Revenue 2015: $1,290,786Expenses 2015: $1,309,481Net Income 2015: -$18,6952015Revenue 2016: $1,322,969Expenses 2016: $1,360,909Net Income 2016: -$37,9402016Revenue 2017: $1,371,959Expenses 2017: $1,444,226Net Income 2017: -$72,2672017Revenue 2018: $1,513,002Expenses 2018: $1,470,455Net Income 2018: $42,5472018Revenue 2019: $1,524,245Expenses 2019: $1,650,337Net Income 2019: -$126,0922019Revenue 2020: $1,553,496Expenses 2020: $1,532,181Net Income 2020: $21,3152020Revenue 2021: $1,577,063Expenses 2021: $1,626,660Net Income 2021: -$49,5972021Revenue 2022: $1,626,387Expenses 2022: $1,608,939Net Income 2022: $17,4482022Revenue 2023: $1,712,110Expenses 2023: $1,604,556Net Income 2023: $107,5542023Revenue 2024: $1,813,626Expenses 2024: $1,751,054Net Income 2024: $62,5722024

Highlighted filing

2024

Revenue$1,813,626
Expenses$1,751,054
Net Income$62,572
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$283,958
Liabilities
$130,302
Net assets
$153,656
Revenue
$1,813,626
Expenses
$1,751,054
Net income
$62,572
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.28$0.13$0.15$1.81$1.75$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.21$0.12$0.09$1.71$1.60$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.12$0.02$1.63$1.61$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.13$0.03$1.58$1.63$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.11$0.02$1.55$1.53$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.24$0.01$1.52$1.65$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.10$0.12$1.51$1.47$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.17$0.08$1.37$1.44$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.16$0.15$1.32$1.36$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.14$0.19$1.29$1.31$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.15$0.21$1.29$1.34$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.45$0.19$0.26$1.31$1.26$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.07$0.20$1.12
2011Summary only. Only limited summary data is available for this year.$0.23$0.08$0.15$1.13$1.06$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.11$0.08$1.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 2, 2025
Return Version
2024v5.2
Gross Receipts
$1,813,626
Mission and Program Overview

Mission

The figueroa corridor partnership is responsible for the daily management and promotion of the figueroa/flower/vermont corridor, linking downtown los angeles to exposition park. The partnership is committed to the area's development as a safe, clean, economically vibrant, and aesthetically pleasing environment in which to conduct business, continue an education, visit a museum, attend a sporting event, worship, or reside.

Responsible for the daily mamagement and promotion of the figueroa/flower/vermont corridor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$133,505$221,839▲ $88,334
Cash and Non-Interest-Bearing Accounts$69,862$43,212▼ $26,650
Accounts Receivable$11,388$18,907▲ $7,519
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$214,755$283,958▲ $69,203
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$123,672$130,302▲ $6,630
Total Liabilities$123,672$130,302▲ $6,630
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$91,083$153,656▲ $62,573
Total Net Assets Fund Balance$91,083$153,656▲ $62,573
Total Liabilities and Net Assets / Fund Balance$214,755$283,958▲ $69,203
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Stephen GibsonExecutive Director$196,002$196,002

Board Members and Trustees

NameTitle
Irene RodriguezChairman
Melinda Ramos-alatorreVice-Chair
Brad MuggDirector
Courtney GreauxDirector
Debbie ReamsDirector
Father Gary MuellerDirector
Fred YadegarDirector
Jason SweeneyDirector
Jorge ReynosoDirector
Julius MongeDirector
Monique HudsonDirector
Myesha WardDirector
Neal GoldmanDirector
Nick DubielDirector
Roger ChammasDirector
Darryl HolterSecretary
Ashley SamuelsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Securitas Security Services USASecurity1055 WILSHIRE BL 1100, La, CA 90017$849,787
Chrysalis EnterprisesCleaning/maintenance522 S MAIN STREET, Los Angeles, CA 90013$653,580
Urban Place Consulting Grp INCManagement3982 S FIGUEROA ST 207, La, CA 90037$196,002
Revenue and Support

Revenue Composition

Contributions and Grants
$85,552
Program Service Revenue
$1,700,189
Investment Income
$27,885
Other Revenue
$0
Change in Net Assets
$62,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,555,052
Salaries, Compensation, and Employee Benefits$196,002
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$117,636$78,366-$196,002
Office Expenses$167,577$1,025-$168,602
Occupancy-$21,026-$21,026
Other Expenses$1,303,641$12,553-$12,553
Fees for Services Accounting-$7,690-$7,690
Insurance-$4,085-$4,085
Travel-$3,953-$3,953
Fees for Services Legal-$40-$40
Total Functional Expenses$1,588,854$162,200$0$1,751,054
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Brad MuggMember of BoardSee Supplemental InfoNo-

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
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization contracted with urban place consulting group, inc. To provide management services. The executive director, stephen gibson, is part of the urban place consulting group, inc. Team. He is also listed as an officer on form 990 part vii.”

Form 990, Part VI, Section B, Line 11B

“The organization's accounting firm prepares the form 990. A draft to the form 990 is then sent to the organization's executive director for his review and approval. The executive director provides a copy of the form 990 to all board members, then reviews the form 990 for completeness and accuracy and gives the accounting firm his approval. The accounting firm processes the form 990 and sends it to the executive director for his signature.”

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

“The organization is currently in the process of developing a conflict of interest policy, whistleblower policy, and document retention and destruction policy.”

Form 990, Part VI, Section C, Line 19

“The organization made available some of its governing documents, such as minutes, management district plan, to the public via its website. The organization reviews and considers all requests but will make its financial statement and tax return form 990 available to the public as required by law on a case-by-case basis.”

Filing and Contact Details

Filer

Filer Name
Figueroa Corridor Partnership Inc
EIN
95-4656045
Phone
2137469577
Address
3982 S FIGUEROA STREET 207, LOS ANGELES, CA 90037

Signing Officer

Name
Stephen Gibson
Title
Executive Director
Signed
2025-07-02
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Gtl Llp
Address
15315 Magnolia Blvd Suite 110, Sherman Oaks, CA 91403
Preparer
Fabio Vasco
Phone
8185090066
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ROUNDING = $1”

Form 990, Part XII, Line 2C

“The organization's board of directors is responsible for oversight of the financial statement review and selection of an independent accountant.”

Raw XML AppendixShowing 400 of 482 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/ActivityOrMissionDesc0RESPONSIBLE FOR THE DAILY MAMAGEMENT AND PROMOTION OF THE FIGUEROA/FLOWER/VERMONT CORRIDOR.
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2URBAN PLACE CONSULTING GRP INC
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IRS990/Form990PartVIISectionAGrp/PersonNm4ASHLEY SAMUELSON
IRS990/Form990PartVIISectionAGrp/PersonNm5FRED YADEGAR
IRS990/Form990PartVIISectionAGrp/PersonNm6FATHER GARY MUELLER
IRS990/Form990PartVIISectionAGrp/PersonNm7COURTNEY GREAUX
IRS990/Form990PartVIISectionAGrp/PersonNm8JASON SWEENEY
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IRS990/Form990PartVIISectionAGrp/PersonNm10MONIQUE HUDSON
IRS990/Form990PartVIISectionAGrp/PersonNm11NICK DUBIEL
IRS990/Form990PartVIISectionAGrp/PersonNm12BRAD MUGG
IRS990/Form990PartVIISectionAGrp/PersonNm13ROGER CHAMMAS
IRS990/Form990PartVIISectionAGrp/PersonNm14JULIUS MONGE
IRS990/Form990PartVIISectionAGrp/PersonNm15JORGE REYNOSO
IRS990/Form990PartVIISectionAGrp/PersonNm16DEBBIE REAMS
IRS990/Form990PartVIISectionAGrp/PersonNm17MYESHA WARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
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IRS990/MissionDesc0THE FIGUEROA CORRIDOR PARTNERSHIP IS RESPONSIBLE FOR THE DAILY MANAGEMENT AND PROMOTION OF THE FIGUEROA/FLOWER/VERMONT CORRIDOR, LINKING DOWNTOWN LOS ANGELES TO EXPOSITION PARK. THE PARTNERSHIP IS COMMITTED TO THE AREA'S DEVELOPMENT AS A SAFE, CLEAN, ECONOMICALLY VIBRANT, AND AESTHETICALLY PLEASING ENVIRONMENT IN WHICH TO CONDUCT BUSINESS, CONTINUE AN EDUCATION, VISIT A MUSEUM, ATTEND A SPORTING EVENT, WORSHIP, OR RESIDE.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BRAD MUGG
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE SUPPLEMENTAL INFO
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:1 - INTERESTED PERSON(A) NAME OF PERSON: BRAD MUGG(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BRAD MUGG IS A MEMBER OF THE BOARD OF DIRECTORS.(C) AMOUNT OF TRANSACTION $9,000.(D) DESCRIPTION OF TRANSACTION: BRAD MUGG IS A GENERAL PARTNER OF OPEN DTHLA RE HOLDINGS, WHICH RENTS OFFICE SPACE TO THE PARTNERSHIP ON A MONTH-TO-MONTH BASIS.(E) SHARING OF ORGANIZATION REVENUES? = NO
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONTRACTED WITH URBAN PLACE CONSULTING GROUP, INC. TO PROVIDE MANAGEMENT SERVICES. THE EXECUTIVE DIRECTOR, STEPHEN GIBSON, IS PART OF THE URBAN PLACE CONSULTING GROUP, INC. TEAM. HE IS ALSO LISTED AS AN OFFICER ON FORM 990 PART VII.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S ACCOUNTING FIRM PREPARES THE FORM 990. A DRAFT TO THE FORM 990 IS THEN SENT TO THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR HIS REVIEW AND APPROVAL. THE EXECUTIVE DIRECTOR PROVIDES A COPY OF THE FORM 990 TO ALL BOARD MEMBERS, THEN REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY AND GIVES THE ACCOUNTING FIRM HIS APPROVAL. THE ACCOUNTING FIRM PROCESSES THE FORM 990 AND SENDS IT TO THE EXECUTIVE DIRECTOR FOR HIS SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF DEVELOPING A CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, AND DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MADE AVAILABLE SOME OF ITS GOVERNING DOCUMENTS, SUCH AS MINUTES, MANAGEMENT DISTRICT PLAN, TO THE PUBLIC VIA ITS WEBSITE. THE ORGANIZATION REVIEWS AND CONSIDERS ALL REQUESTS BUT WILL MAKE ITS FINANCIAL STATEMENT AND TAX RETURN FORM 990 AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW ON A CASE-BY-CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING = $1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE FINANCIAL STATEMENT REVIEW AND SELECTION OF AN INDEPENDENT ACCOUNTANT.

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