Pacific Palisades Business Improvement District Inc
- Assets
- $25.6k
- Revenue
- $162.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 38-3974684
Organization Overview
Pacific Palisades Business Improvement District Inc is located in Pacific Palisades, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Palisades Business Improvement District Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PACIFIC PALISADES BUSINESS IMPROVEMENT DISTRICT SEEKS TO ENHANCE THE COMMERCIAL ACTIVITY AND DESIRABILITY OF THE BUSINESSES IN ITS AREA BY CLEANING, BEAUTIFYING AND IMPROVING THE STREETS AND COMMON AREAS, PROVIDING MARKETING AND FOMENTING NEW BUSINESS DEVELOPMENT, ATTRACTION AND RETENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DISTRICT RECEIVES PROFESSIONAL STREET CLEANING SERVICES AT LEAST TWICE PER WEEK, INCLUDING POWER-WASHING AS NEEDED, BENEFITING ALL MEMBERS OF THE BID. THE CLEANING SERVICE ALSO REMOVES GRAFFITI. THE DISTRICT COMMUNICATES THESE BENEFITS BY UPDATING ITS WEBSITE, SENDING QUARTERLY NEWSLETTERS TO THE COMMUNITY AND HAVING A SOCIAL MEDIA PRESENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland Ford Co-President | OfficerTrustee | 4 | $0 |
Kevin Niles Co-President | OfficerTrustee | 4 | $0 |
Susan Carroll Treasurer/sec | OfficerTrustee | 4 | $0 |
David Peterson Board Member | Trustee | 4 | $0 |
Libby Lynch Board Member | Trustee | 4 | $0 |
Elliot Zorensky Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,102 |
| 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 | $3,102 |
| Total Program Service Revenue | $159,208 |
| Investment income | $548 |
| 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 | $162,858 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,848 |
| 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 | $2,873 |
| All other expenses | $0 |
| Total functional expenses | $178,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,189 |
| 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 | $25,579 |
| Accounts payable and accrued expenses | $15,263 |
| 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 | $15,263 |
| Net assets without donor restrictions | $10,316 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $25,579 |
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