Old Monterey Business Associates
- Assets
- $219.8k
- Revenue
- $321.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Monterey, CA
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 77-0097315
Organization Overview
Old Monterey Business Associates is located in Monterey, CA. The organization was established in 1988. 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, Old Monterey Business Associates employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Monterey Business Associates is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Old Monterey Business Associates generated $321.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $245.2k 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
THE ASSOCIATION PROMOTES THE CENTRAL COMMERCIAL CORE OF MONTEREY TO MAKE VISITORS AND RESIDENTS AWARE OF THE RICH HISTORY OF THE CITY. MONTEREY WAS THE FIRST CAPITOL OF CALIFORNIA AND ITS OLDEST BUILDINGS DISPLAY THE ARCHITECTURE OF EARLY CALIFORNIA, BEFORE IT BECAME A STATE, AND ARE FULLY INCORPORATED INTO THE DOWNTOWN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF FARMERS MARKET IN DOWNTOWN MONTEREY. CONSULTATION WITH NEARBY PROMOTION DISTRICTS SUCH AS NEW MONTEREY AREA.
SPECIAL EVENT PROMOTIONS - OMBA SPONSORS AND/OR FACILITATES FESTIVALS AND OTHER EVENTS WHICH ATTRACTS VISITORS AND BRINGS RESIDENTS DOWNTOWN. THESE INCLUDE A FOURTH OF JULY PARADE, MAIN STREET CAR SHOWS, 50 FARMERS' MARKETS EACH YEAR, OPEN AIR ART SHOWS, MUSIC FESTIVALS AND OTHER EVENTS WHICH ARE DESIGNED TO ATTRACT VISITORS AND RESIDENTS.
MEDIA ADVERTISING - OLD MONTEREY BUSINESS ASSOCIATION OMBA PROMOTES THE DOWNTOWN AREA OF MONTEREY THROUGH RADIO, TELEVISION AND PRINT MEDIA. OMBA ALSO SUPPORTS THE VISITOR'S BUREAU AND LOCAL CHAMBER OF COMMERCE. A PROMOTION COMMITTEE DIRECTS THESE ADVERTISING AND PROMOTION CAMPAIGNS.
HISTORIC PRESERVATION - OMBA COORDINATES THE DISSEMINATION OF HISTORICAL INFORMATION ABOUT MONTEREY AMONG CALIFORNIA STATE PARKS, THE NATIONAL TRUST OF HISTORICAL PRESERVATION AND THE PATH OF HISTORY PUBLICATION IN AN EFFORT TO ATTRACT VISITORS AND RESIDENTS DOWNTOWN. OMBA ESTABLISHES VARIOUS EVENTS SUCH AS ART IN THE ADOBES, WHICH FOCUSES ON THE HISTORICAL BUILDINGS IN THE CITY. OMBA IS AN ACCREDITED NATION MAIN STREET PROGRAM THROUGH THE NATIONAL TRUST FOR HISTORIC PRESERVATION AND THE CALIFORNIA MAIN STREET ALLIANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Anderson Trustee | Trustee | $0 | |
Lauren Cohen Vice Preside | Trustee | $0 | |
Barbara Burke Secretary | Trustee | $0 | |
Mary Lou Cortright Trustee | Trustee | $0 | |
Amy Gibson Trustee | Trustee | $0 | |
Woody Kelley Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,876 |
| 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 | $174,876 |
| Total Program Service Revenue | $146,889 |
| Investment income | $0 |
| 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 | $321,765 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,984 |
| Payroll taxes | $9,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,830 |
| Office expenses | $6,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,500 |
| 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 | $8,312 |
| All other expenses | $7,464 |
| Total functional expenses | $245,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,970 |
| Savings and temporary cash investments | $124,876 |
| 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 | $219,846 |
| Accounts payable and accrued expenses | $1,872 |
| 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 | $1,872 |
| Net assets without donor restrictions | $143,098 |
| Net assets with donor restrictions | $74,876 |
| 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 | $219,846 |
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