Zaferia Business Association
- Assets
- $105.0k
- Revenue
- $217.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 07/2011
- Data as of
- 09/2023
- EIN
- 33-0767944
Organization Overview
Zaferia Business Association, operating under the name Zaferia, is located in Long Beach, CA. The organization was established in 2011. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zaferia 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 09/2023, Zaferia generated $217.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $200.6k during the year ending 09/2023. While expenses have increased by 7.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES OF ZAFERIA ARE TO PROMOTE THE COMMON BUSINESS INTERESTS, FACILITATE THE EXCHANGE OF BUSINESS INFORMATION, AND ENCOURAGE BUSINESS COOPERATION OF ITS MEMBERS. ADDITIONALLY, ZAFERIA CONDUCTS PUBLIC RELATIONS AND DEVELOPS/SPONSORS ACTIVITIES THAT BEST ADVANCE THE MEMBERS AND THEIR BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.WE SPONSORED THE ORIZABA PARK HALLOWEEN PARTY FOR NEIGHBORHOOD CHILDREN, HAPPY SUNDAYS MUSIC FESTIVAL, FRIENDS OF RECREATION PARK BAND SHELL, AND THE LB OPEN ART STUDIO EVENT FEATURING ZAFERIA AREA ARTISTS. 2.MEET ZAFERIA MIXERS WERE HELD AT ROLAND SANDS, ASHTANGA / COMMUNITY YOGA CLUB, BUVONS, AND WE HAVE A HOLIDAY MIXER PLANNED AT COMMON ROOM ROASTERS ON WEDNESDAY, DEC 6. 3.WE HELD OUR FIRST EVER SPRING MARKET ON CORONADO AVE. WITH FOOD, DRINKS, LIVE MUSIC, AND MERCHANT VENDORS. 4.THE ZBA WAS THE MAIN SPONSOR OF THE 2023 HAPPY SUNDAYS EVENT THAT PROVIDED FREE LIVE MUSIC AND OTHER ENTERTAINMENT AT SIX ZAFERIA VENUES. WE FURTHER SUPPORTED THE EVENT WITH MARKETING EFFORTS INCLUDING SOCIAL MEDIA, BANNERS ON DISPLAY THROUGHOUT THE DISTRICT, AND EMAIL BLASTS, AND OBTAINED SPONSORSHIP FROM COUNCIL DISTRICTS 2 FOR THE BIG RED BUS. 5.WE MAINTAINED THE 97 LIGHT POLE BANNERS THAT REFLECT THE VARIETY OF BUSINESSES AND PEOPLE IN ZAFERIA AND HELP TO BRAND OUR DISTRICT. EVERY YEAR, A PORTION OF OUR REVENUE IS MOVED TO OUR SAVINGS ACCOUNT SO WE WILL HAVE FUNDS TO REPLACE THE LIGHT POLE BANNERS AS NEEDED. 6.WE HAVE CONTINUED OUR CLEANING CONTRACT (SIDEWALK POWER WASHING, TRASH, WEEDS, AND MINOR GRAFFITI REMOVAL) WITH THE DOWNTOWN LONG BEACH ALLIANCE. WE HIT ALL AREAS OF THE DISTRICT AND THE ROUTE SCHEDULES AND MAPS ARE AVAILABLE ON OUR WEBSITE UNDER RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dylan Davis President | OfficerTrustee | 2 | $0 |
Aimee Echo Director | Trustee | 1 | $0 |
Neil Hirsch Director | Trustee | 1 | $0 |
Jennifer Little Vice Preside | OfficerTrustee | 1 | $0 |
Dean Lockwood Secretary | Trustee | 1 | $0 |
Lisa Lowe Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,178 |
| Total Program Service Revenue | $103,239 |
| Investment income | $33 |
| 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 | $217,450 |
| 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. | $0 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $37,291 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,032 |
| Advertising and promotion | $0 |
| Office expenses | $2,800 |
| Information technology | $1,904 |
| Royalties | $0 |
| Occupancy | $1,252 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,424 |
| All other expenses | $2,572 |
| Total functional expenses | $200,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,901 |
| Savings and temporary cash investments | $69,063 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,964 |
| Accounts payable and accrued expenses | $586 |
| 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 | $69,063 |
| Total liabilities | $69,649 |
| 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 | $35,315 |
| Total liabilities and net assets/fund balances | $104,964 |