Seascape Beach Association
- Assets
- $490.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Aptos, CA
- Founding
- 07/1971
- Data as of
- 12/2022
- EIN
- 94-1693226
Organization Overview
Seascape Beach Association is located in Aptos, CA. The organization was established in 1971. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Seascape Beach Association 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 12/2022, Seascape Beach Association generated $134.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $127.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (27.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS FORMED TO MAINTAIN, REPAIR AND REPLACE THE COMMON AREA PROPERTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Carrubba Director | 2 | $0 | |
Mark Lewis Director | 2 | $0 | |
Bill Witmer Director | 2 | $0 | |
Jim Thoming Director | 2 | $0 | |
Rick Magnuson President | 2 | $0 | |
Nick Buscovich Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,395 |
| Total Program Service Revenue | $1,465 |
| Membership dues | $0 |
| Investment income | $1,811 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,671 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $40,608 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $86,807 |
| Total expenses | $127,415 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $485,993 |
| Other assets | $0 |
| Total assets | $490,040 |
| Total liabilities | $485,018 |
| Net assets or fund balances | $5,022 |