Carmichael Improvement District
- Assets
- $132.1k
- Revenue
- $329.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Carmichael, CA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 30-0964664
Organization Overview
Carmichael Improvement District is located in Carmichael, CA. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Carmichael Improvement District employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmichael Improvement District is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Carmichael Improvement District generated $329.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $388.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AND PROMOTE THE COMMON INTEREST OF CARMICHAEL BUSINESS AND PROPERTY OWNERS BY FOSTERING ECONOMIC DEVELOPMENT, SECURITY, AND CLEAN STREETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAN AND SAFE ENHANCEMENTS FOCUS ON MAKING THE DISTRICT A SAFE PLACE TO DO BUSINESS. CLEAN AND SAFE ENHANCEMENTS INCLUDE: CONTRACTING WITH QUALIFIED PRIVATE SECURITY TO ENGAGE AND PATROL THE DISTRICT, COORDINATING WITH SACRAMENTO COUNTY SHERIFF TO CONTROL VAGRANCY, PROPERTY DAMAGE, ENCAMPMENT, AND PETTY CRIMES; CONTRACTING WITH SERVICE PROVIDER FOR REGULAR LITTER CLEANUP, GRAFFITI IDENTIFICATION AND REMOVAL, ILLEGAL DUMP REMOVAL, ABANDONED CAR AND SHOPPING CART REMOVAL, AND OTHER SANITATION SERVICES; AND IDENTIFYING AND ASSISTING WITH CODE VIOLATIONS AND CONCERNS.
STREETSCAPE AND IMAGE ENHANCEMENTS INTEND TO MAKE THE DISTRICT MORE ACCESSIBLE AND ATTRACTIVE TO POTENTIAL TENANTS AND CUSTOMERS WHILE PRESENT BUSINESSES THRIVE. STREETSCAPE AND IMAGE ENHANCEMENTS INCLUDE PURCHASE AND INSTALLATION OF POLE BANNERS AND OTHER BRANDED EXPRESSIONS WHICH SERVE TO SHOWCASE SHOPPING OPPORTUNITIES WHILE PRESENTING A COHESIVE IMAGE OF COMMUNITY PRIDE; PURSUIT OF GRANT OPPORTUNITIES TO CONSTRUCT FEATURES AROUND THE DISTRICT THAT CELEBRATE THE HISTORY AND UNIQUE VITALITY OF CARMICHAEL.
ECONOMIC ENHANCEMENTS FOCUS ON INCREASING BUSINESS SALES IN AN EFFORT TO ATTRACT NEW ESTABLISHMENTS, AND INCREASE OCCUPANCY AND RENTAL RATES. ECONOMIC ENHANCEMENTS INCLUDE FUNDING BUSINESS PUBLICITY OPPORTUNITIES, FUNDING MARKETING PROGRAMS, AND SUPPORTING THE BUSINESS COMMUNITY WITH WAYS TO INCREASE SALES AND AREA APPEAL OF DISTRICT TO DAILY COMMUTERS, GREATER AREA RESIDENTS, AND REGULAR VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Covington Treasurer | OfficerTrustee | 10 | $0 |
Nicholas Bloise Board Chair | OfficerTrustee | 10 | $0 |
Mike Menzel Secretary | OfficerTrustee | 10 | $0 |
Todd Andrews Vice Chair | OfficerTrustee | 10 | $0 |
Rachael Taylor Executive Director | Officer | 40 | $0 |
Curt Pearson Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $372 |
| Noncash contributions included in lines 1a–1f | $200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372 |
| Total Program Service Revenue | $329,255 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,373 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $948 |
| Payroll taxes | $7,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,045 |
| Fees for services: Accounting | $3,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $231,005 |
| Advertising and promotion | $1,186 |
| Office expenses | $3,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,710 |
| Travel | $250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,832 |
| Insurance | $5,937 |
| All other expenses | $0 |
| Total functional expenses | $388,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,984 |
| Savings and temporary cash investments | $55,245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $34,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,099 |
| Accounts payable and accrued expenses | $100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $131,999 |
| Total liabilities and net assets/fund balances | $132,099 |
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