NORTH PARK BUSINESS AND NEIGHBORHOOD FOUNDATION

EIN: 842820851 501(c)(3) Community Improvement

SAN DIEGO, CA

Total Revenue
$231,455
Total Expenses
$141,350
Total Assets
$125,193
Net Assets
$115,363
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
CHRIS CLARK
Phone
6192942501
Tax Period
2020-07-01 to 2021-06-30

NORTH PARK BUSINESS AND NEIGHBORHOOD FOUNDATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $231K in total revenue in fiscal year 2020. Revenue surged 672% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 39% operating margin.

Mission

We are a nonprofit that seeks to connect North Park businesses, residents and the broader San Diego community. The main objective is to promote and support local businesses and activities through charitable donations to further develop existing and ongoing projects in North Park.

Program Service Accomplishments

Program 1
Expenses: $125,597

The North Park Business and Neighborhood Foundation (the Organization) focused on key priority areas that have been in progress since the Organization's formation.First, we continued work on...

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The North Park Business and Neighborhood Foundation (the Organization) focused on key priority areas that have been in progress since the Organization's formation.First, we continued work on activation and events planning for the newly-opened North Park Mini Park. In support of this, the Organization partnered with neighborhood charitable and business organizations to raise funds in support of the park's activation. This centered on the sales of custom printed brick pavers which were placed in the parks' finalized landscaping to commemorate donors. The program was successful and will fund the initial phases of the Organization's work at the park site.Beyond the work focused on activations at the park, the Organization developed a placemaking project for the central business district of the North Park neighborhood. FY21 saw the first investment in this program in the form of a community piano. The piano was purchased by the Organization, refurbished, painted and tuned. The Organization selected a local business to serve as the initial host for the piano. The Organization secured a public right of way permit which allows the piano to be placed on the sidewalk during designated hours. It is free to use and offers a musical activation for the neighborhood.Finally, the Organization focused on broadening community awareness of the Organization and its mission. This primarily consisted of public communications and marketing to interested neighborhood residents and businesses.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $15,000
Program Service Revenue $216,454
Investment Income $1
Other Revenue $0
TOTAL REVENUE $231,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,295
Fundraising Expenses $0
Program Expenses $125,597
Other Expenses $124,055
TOTAL EXPENSES $141,350

Year-over-Year Comparison

2020 2019 Change
Revenue $231,455 $30,000 +6.7%
Expenses $141,350 $4,742 +28.8%
Net Income $90,105 $25,258 +2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS CLARK President 1.00
Officer Director
$0 $0 $0
STEVE BLASINGHAM Vice President 1.00
Officer Director
$0 $0 $0
JASON NOBLE Secretary 1.00
Officer Director
$0 $0 $0
STEVE CODRARO Treasurer 1.00
Officer Director
$0 $0 $0
MERYL LEVENTON Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $231,455 $141,350 $125,193 $90,105
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