Civic Intelligence

Parkside Economic Development Corporation

990EZ • Fiscal year 2023 • EIN 95-4812754

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

Organization Profilewww.parksideedc.org
4323 Leimert BlvdLos Angeles, CA 90008

(323) 296-6694

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

27th percentile

-10%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

32nd percentile

-10%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-33%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$94,184

Down $10,469 (-10%) from 2022

Net Assets

Down

$94,184

Down $10,469 (-10%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin27th percentile

Revenue

Down

$71,686

Down $35,933 (-33%) from 2022

Expenses

Up

$79,155

Up $10,603 (+15%) from 2022

Net Income

Down

-$7,469

Down $46,536 (-119%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$150K$100K$50K$0Assets 2010: $16,051Liabilities 2010: $02010Assets 2011: $14,212Liabilities 2011: $02011Assets 2012: $19,707Liabilities 2012: $02012Assets 2013: $24,107Liabilities 2013: $02013Assets 2017: $46,833Liabilities 2017: $0Net Assets 2017: $46,8332017Assets 2018: $39,125Liabilities 2018: $0Net Assets 2018: $39,1252018Assets 2019: $43,936Liabilities 2019: $0Net Assets 2019: $43,9362019Assets 2021: $69,212Liabilities 2021: $0Net Assets 2021: $69,2122021Assets 2022: $104,653Liabilities 2022: $0Net Assets 2022: $104,6532022Assets 2023: $94,184Liabilities 2023: $0Net Assets 2023: $94,1842023Assets 2024: $85,661Liabilities 2024: $0Net Assets 2024: $85,6612024

Highlighted filing

2023

Assets$94,184
Liabilities$0
Net Assets$94,184
Open 2023 Filing

Operations Trend

Revenue Growth17th percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $24,576Expenses 2010: $11,459Net Income 2010: $13,1172010Revenue 2011: $18,620Expenses 2011: $20,459Net Income 2011: -$1,8392011Revenue 2012: $42,093Expenses 2012: $36,598Net Income 2012: $5,4952012Revenue 2013: $43,860Expenses 2013: $39,460Net Income 2013: $4,4002013Revenue 2017: $78,547Expenses 2017: $65,249Net Income 2017: $13,2982017Revenue 2018: $78,475Expenses 2018: $86,183Net Income 2018: -$7,7082018Revenue 2019: $80,124Expenses 2019: $77,380Net Income 2019: $2,7442019Revenue 2021: $71,611Expenses 2021: $38,190Net Income 2021: $33,4212021Revenue 2022: $107,619Expenses 2022: $68,552Net Income 2022: $39,0672022Revenue 2023: $71,686Expenses 2023: $79,155Net Income 2023: -$7,4692023Revenue 2024: $59,629Expenses 2024: $68,152Net Income 2024: -$8,5232024

Highlighted filing

2023

Revenue$71,686
Expenses$79,155
Net Income-$7,469
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$71,686
Mission and Program Overview

Mission

Community Services Outreach and College scholarship for High School students.

Scholarships to High School Students

Program Services

DescriptionGrantsExpenses
Scholarship to hight school students$20,000-
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerrold L SmithCEOPT$0--
Charles MoreheadPresidentPT$0--
David MurphyTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Parkside EDC
EIN
95-4812754
Address
4323 Leimert Blvd, Los Angeles, CA 90008

Signing Officer

Name
David L Murphy
Title
Treasurer
Phone
3102189391
Signed
2024-05-13
Discuss with paid preparer
No

Preparer

Firm
DL Murphy Inc
Address
5901 Green Valley Circle Ste 140, Culver City, CA 90230
Preparer
David Murphy
Phone
3106492022
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

“Activity Scholarships Grantee Students Street Various Address City, State, Zip Culver City, CA 90230Relationship None Amount 25,400”

Description of other expenses Part I line 16

“Description AmountManagement & General 14,109Financial Literacy 3,444Donations to Non-Profits 10,014Bank Fees 674Golf Tour. Expenses 17,497Marketing 462Professional Fees 7,450Taxes 105”

Raw XML Appendix138 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0David Murphy
IRS990EZ/BooksInCareOfDetail/PhoneNum03232966694
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05901 Green Valley Circle Ste 140
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Culver City
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090230
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0101653
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt094184
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt07517
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-7469
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0101653
IRS990EZ/Form990TotalAssetsGrp/EOYAmt094184
IRS990EZ/GrantsAndSimilarAmountsPaidAmt025400
IRS990EZ/GrossReceiptsAmt071686
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02352
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0101653
IRS990EZ/NetAssetsOrFundBalancesEOYAmt094184
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0101653
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt094184
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt015.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jerrold L Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Charles Morehead
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2David Murphy
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt053755
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Scholarships to High School Students
IRS990EZ/ProgramServiceRevenueAmt061817
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Scholarship to hight school students
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt020000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt079155
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt071686
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://www.parksideedc.org/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06909
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt085119
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt071611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt029400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt030455
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0223494
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02352
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02352
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98960
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0223494
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06909
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt085119
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt071611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt029400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt030455
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0223494
IRS990ScheduleA/TotalSupportAmt0225846
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity Scholarships Grantee Students Street Various Address City, State, Zip Culver City, CA 90230Relationship None Amount 25,400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountManagement & General 14,109Financial Literacy 3,444Donations to Non-Profits 10,014Bank Fees 674Golf Tour. Expenses 17,497Marketing 462Professional Fees 7,450Taxes 105
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0David L Murphy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03102189391
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Parkside EDC
ReturnHeader/Filer/BusinessNameControlTxt0PARK
ReturnHeader/Filer/EIN0954812754
ReturnHeader/Filer/USAddress/AddressLine1Txt04323 Leimert Blvd
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090008
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753011014
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DL Murphy Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05901 Green Valley Circle Ste 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Culver City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090230
ReturnHeader/PreparerPersonGrp/PhoneNum03106492022
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Murphy
ReturnHeader/ReturnTs02024-05-15T20:23:07-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0David
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Murphy
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$94,184
Liabilities
$0
Net assets
$94,184
Revenue
$71,686
Expenses
$79,155
Net income
-$7,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.60$0.68$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.72$0.79$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$1.08$0.69$0.39
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.72$0.38$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.80$0.77$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.78$0.86$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.79$0.65$0.13
2013Summary only. Only limited summary data is available for this year.$0.24$0.00$0.44$0.39$0.04
2012Summary only. Only limited summary data is available for this year.$0.20$0.00$0.42$0.37$0.05
2011Summary only. Only limited summary data is available for this year.$0.14$0.00$0.19$0.20$0.02
2010Summary only. Only limited summary data is available for this year.$0.16$0.00$0.25$0.11$0.13