Pacific Beach Community Development Corp FY2022 filing

Tax-deductible

San Diego, CA501(c)(3)Community DevelopmentEIN 33-0587567Revenue $492K in FY2022

On file with the IRSpacificbeach.org1001 Garnet Ave Ste 200, 92109-2850 · San Diego, CATax-exempt since Oct 2002Publicly supported charity — 170(b)(1)(A)(vi)

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To revitalize and promote the Community of Pacific Beach both physically and economically.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $77K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$492K
+14% vs prior year
Spent
$430K
To programs
87%
Net assets
$313K
By yearFY2021–FY2025
Revenue
$492K
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2021$430K
FY2022$492K
FY2023$610K
FY2024$674K
FY2025$704K
Expenses
$430K
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$402K
FY2022$430K
FY2023$681K
FY2024$675K
FY2025$751K
Net assets
$313K
FY2022▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2021$251K
FY2022$313K
FY2023$243K
FY2024$242K
FY2025$196K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $375K Management & general 13% · $55K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lysundra Lee’s $101K as Executive Director is at the 74th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Pacific Beach Community Development Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Revitalizes and promotes Pacific Beach physically and economically.

Provided by the organization

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1 program · $375K · in their own filed words · FY2021
01

Deisign & Improvments

Maintained trash receptacles throughout the district. Produced the pacific beach tuesday farmers market to increase awareness of using local products and promote foot traffic into the business district.

$375Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Ecology CenterFY2024$35K
Total grants receivedfrom 2 funders$77K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$492K
Ln 12
Other incomeLn 4–11$239K
Fees for servicesLn 2g$201K
Gifts and grantsLn 1h$52K
Money outPt IX
$430K
Ln 25
Programscol B$375K
Managementcol C$55K
Owns and owesPt X
$313K
net assets · Ln 32
Cash and savingsLn 1–2$302K
Total assetsLn 16$325K
LiabilitiesLn 26$11K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52K
Government grantsLn 1e$52K
Fees for servicesLn 2g$201K
Investment incomeLn 3$400
Other incomeLn 4–11$239K
Gains on assetsLn 7$0
Total revenueLn 12$492K
Assets in detailPt X, end of year
CashLn 1$191K
SavingsLn 2$111K
Cash and savings togetherLn 1–2$302K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1K
Total assetsLn 16$325K
LiabilitiesLn 26$11K
Net assetsLn 32$313K
OperationsPt I, VI
EmployeesI 511
VolunteersI 6300
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$291K$302K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$305K$325K
LiabilitiesLn 26$54K$11K
Net assetsLn 32$251K$313K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$153K$130K$23K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$2K$1K$350
Payroll taxesLn 10$12K$10K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$25K$20K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$6K$4K$1K
Office expensesLn 13$9K$7K$2K
Information technologyLn 14$3K$2K$555
RoyaltiesLn 15$0
OccupancyLn 16$39K$31K$8K
TravelLn 17$3K$2K$600
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$4K$1K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$15K$12K$3K
Other expenses (24a–d)Ln 24$159K$151K$8K
All other expensesLn 24e$0
Total functional expensesLn 25$430K$375K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $704K$751K−$46K$196K 990 PDF
FY2024 $674K$675K−$917$242K 990 PDF
FY2023 $610K$681K−$70K$243K 990 PDF
FY2022 Viewing $492K$430K$62K$313K 990 PDF
FY2021 $430K$402K$29K$251K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $492,123 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,696$51,545
I-9 Program service revenuePrior year $221,887$201,410
I-10 Investment incomePrior year $52$400
I-11 Other revenuePrior year $153,803$238,768
I-12 Total revenuePrior year $430,438$492,123
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $165,756$166,864
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $235,869$263,001
I-18 Total expensesPrior year $401,625$429,865
I-19 Revenue less expensesPrior year $28,813$62,258
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $492,123 across 10 lines filed
Lines not itemized here account for $111 of total revenue; see the IRS return.
VIII-1e Government grants$51,545
VIII-1h Total contributions, gifts and grants$51,545
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $201,410$201,410
VIII-3 Investment incomeExcluded from tax $400$400
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $3,905$3,905
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $234,752$234,752
VIII-12 Total revenueRelated to mission $440,178 · Excluded from tax $400$492,123
Part IX · Statement of functional expenses $429,865 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $129,576 · Management $23,192$152,768
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $1,400 · Management $350$1,750
IX-10 Payroll taxesPrograms $10,247 · Management $2,099$12,346
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $19,803 · Management $4,951$24,754
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $4,446 · Management $1,112$5,558
IX-13 Office expensesPrograms $7,234 · Management $1,812$9,046
IX-14 Information technologyPrograms $2,220 · Management $555$2,775
IX-15 Royalties$0
IX-16 OccupancyPrograms $30,923 · Management $7,731$38,654
IX-17 TravelPrograms $2,400 · Management $600$3,000
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $4,071 · Management $1,018$5,089
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $12,330 · Management $3,083$15,413
IX-24 Other expenses (24a–d)Programs $150,585 · Management $8,127$158,712
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $375,235 · Management $54,630 · Fundraising $0$429,865
Part X · Balance sheet $324,820 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $180,273$190,924
X-2 Savings and temporary cash investmentsStart of year $110,735$110,846
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $10,791$21,600
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,415$1,450
X-16 Total assetsStart of year $305,214$324,820
X-17 Accounts payable and accrued expensesStart of year $13,750$11,493
X-26 Total liabilitiesStart of year $54,145$11,493
X-27 Net assets without donor restrictionsStart of year $251,069$313,327
X-32 Total net assets or fund balancesStart of year $251,069$313,327
X-33 Total liabilities and net assetsStart of year $305,214$324,820
Part XI · Reconciliation of net assets $313,327 net assets at year end
XI-1 Total revenue$492,123
XI-2 Total expenses$429,865
XI-3 Revenue less expenses$62,258
XI-4 Net assets at start of year$251,069
XI-10 Net assets at end of year$313,327

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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