Ocean Ranch Boulevard 3605 Corp FY2020 filing

Not tax-deductible

San Mateo, CAMutual-benefit / member-servingCommunity DevelopmentEIN 46-3726713Revenue $760K in FY2020

On file with the IRS2025 Pioneer CT, 94403-1719 · San Mateo, CATax-exempt since May 2015

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Formed to acquire and hold title to property in oceanside, ca and to collect and remit income to the shareholder, a pension plan.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.1M a year · 100% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$166K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$760K
Spent
$0
Net assets
$23.1M
By yearFY2020–FY2024
Revenue
$760K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$760K
FY2021$1.2M
FY2022$1.4M
FY2023$1.1M
FY2024$1.0M
Expenses
$0
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Net assets
$23.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$23.1M
FY2021$23.4M
FY2022$26.1M
FY2023$23.2M
FY2024$22.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
President & Chairman
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
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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 2Yes

Programs and updates

Acquires and holds property, collecting income for a pension plan.

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1 program · in their own filed words · FY2020
01

Formed to acquire and hold title to property in oceanside, ca and to collect and remit income to the shareholder, a pension plan.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$760K
Ln 12
Other incomeLn 4–11$757K
Investment incomeLn 3$4K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$23.1M
net assets · Ln 32
Cash and savingsLn 1–2$914K
Total assetsLn 16$23.2M
LiabilitiesLn 26$166K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$4K
Other incomeLn 4–11$757K
Gains on assetsLn 7$0
Total revenueLn 12$760K
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$811K
Cash and savings togetherLn 1–2$914K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$22.2M
Other assetsLn 15$15K
Total assetsLn 16$23.2M
LiabilitiesLn 26$166K
Net assetsLn 32$23.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$352K$914K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$22.0M$22.2M
Total assetsLn 16$22.5M$23.2M
LiabilitiesLn 26$281K$166K
Net assetsLn 32$22.2M$23.1M
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$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$0$1.0M$22.4M 990 PDF
FY2023 $1.1M$0$1.1M$23.2M 990 PDF
FY2022 $1.4M$0$1.4M$26.1M 990 PDF
FY2021 $1.2M$0$1.2M$23.4M 990 PDF
FY2020 Viewing $760K$0$760K$23.1M 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 FY2020 990 (6 parts)
Part I · Summary $760,137 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $8,372$3,592
I-11 Other revenuePrior year $863,403$756,545
I-12 Total revenuePrior year $871,775$760,137
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$0
I-18 Total expensesPrior year $0$0
I-19 Revenue less expensesPrior year $871,775$760,137
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $760,137 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $3,592$3,592
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $756,127$756,127
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 $418$418
VIII-12 Total revenueRelated to mission $756,545 · Excluded from tax $3,592$760,137
Part IX · Statement of functional expenses $0 across 29 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 wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
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 promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expenses$0
Part X · Balance sheet $23,231,653 assets, 22 lines filed
Asset lines not itemized here account for $63,469; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $9,237$102,917
X-2 Savings and temporary cash investmentsStart of year $343,106$811,228
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $45,183$38,730
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$658
X-10c Land, buildings and equipment, netStart of year $22,000,000$22,200,000
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $17,408$14,651
X-16 Total assetsStart of year $22,503,845$23,231,653
X-17 Accounts payable and accrued expensesStart of year $136,988$17,761
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $29,463$23,748
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $114,335$124,296
X-26 Total liabilitiesStart of year $280,786$165,805
X-32 Total net assets or fund balancesStart of year $22,223,059$23,065,848
X-33 Total liabilities and net assetsStart of year $22,503,845$23,231,653
Part XI · Reconciliation of net assets $23,065,848 net assets at year end
XI-1 Total revenue$760,137
XI-2 Total expenses$0
XI-3 Revenue less expenses$760,137
XI-4 Net assets at start of year$22,223,059
XI-5 Net unrealized gains (losses) on investments−$352,348
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$435,000
XI-10 Net assets at end of year$23,065,848

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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