Pico Improvement Organization FY2021 filing

Torrance, CAUnknown exempt organizationEIN 72-1582890Revenue $89K in FY2021

On file with the IRSpicopassport.com2100 W Redondo Beach Blvd C306 · Torrance, CA

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Solves business problems along Pico, particularly parking, neighbor relations, and promotion and advertising of Pico boulevard businesses within the city of santa monica.

72¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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 $15K a year · 14% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$89K
Spent
$102K
To programs
72%
Net assets
$104K
By yearFY2021–FY2025
Revenue
$89K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$89K
FY2022$119K
FY2023$86K
FY2024$130K
FY2025$83K
Expenses
$102K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$102K
FY2022$161K
FY2023$147K
FY2024$111K
FY2025$59K
Net assets
$104K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$104K
FY2022$63K
FY2023$2K
FY2024$21K
FY2025$45K

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $74K Management & general 28% · $28K

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

9 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary
$6,000Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Res Bd Member
$0Pt VII · Sec A
Res Bd Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Heidi Dedrick$10,863————
David Ruiz$2,500$3,000$6,000$6,000$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aNo

Programs and updates

Improves Pico Boulevard businesses by solving parking, neighbor, and promotion issues.

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Provided by the organization

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1 program · $74K · in their own filed words · FY2020
01

Solves business problems along pico, particularly parking, neighbor relations, and promotion and advertising of pico boulevard businesses within the city of santa monica.

$74Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$89K
Ln 12
Gifts and grantsLn 1h$89K
Money outPt IX
$102K
Ln 25
Programscol B$74K
Managementcol C$28K
Owns and owesPt X
$104K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$104K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Government grantsLn 1e$89K
Gains on assetsLn 7$0
Total revenueLn 12$89K
Assets in detailPt X, end of year
CashLn 1$104K
SavingsLn 2$12
Cash and savings togetherLn 1–2$104K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$104K
LiabilitiesLn 26$0
Net assetsLn 32$104K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$118K$104K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$118K$104K
LiabilitiesLn 26$0$0
Net assetsLn 32$118K$104K
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$6K$4K$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$34K$24K$10K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$2K$948
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$6K$5K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$44K$31K$13K
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$2K$1K$529
Other expenses (24a–d)Ln 24$7K$7K$229
All other expensesLn 24e$0
Total functional expensesLn 25$102K$74K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $83K$59K$24K$45K 990 PDF
FY2024 $130K$111K$19K$21K 990 PDF
FY2023 $86K$147K−$61K$2K 990 PDF
FY2022 $119K$161K−$42K$63K 990 PDF
FY2021 Viewing $89K$102K−$14K$104K 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 FY2021 990 (6 parts)
Part I · Summary $88,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $108,696$88,563
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $108,696$88,563
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,871$43,036
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,475$59,317
I-18 Total expensesPrior year $91,346$102,353
I-19 Revenue less expensesPrior year $17,350−$13,790
Part VI · Governance 0 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $88,563 across 8 lines filed
VIII-1e Government grants$88,563
VIII-1h Total contributions, gifts and grants$88,563
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$88,563
Part IX · Statement of functional expenses $102,353 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 staffPrograms $4,200 · Management $1,800$6,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $23,713 · Management $10,162$33,875
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,213 · Management $948$3,161
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $4,523 · Management $1,938$6,461
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 $31,284 · Management $12,852$44,136
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 InsurancePrograms $1,235 · Management $529$1,764
IX-24 Other expenses (24a–d)Programs $6,727 · Management $229$6,956
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $73,895 · Management $28,458 · Fundraising $0$102,353
Part X · Balance sheet $104,465 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $118,243$104,453
X-2 Savings and temporary cash investmentsStart of year $12$12
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
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 assets$0
X-16 Total assetsStart of year $118,255$104,465
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $118,255$104,465
X-33 Total liabilities and net assetsStart of year $118,255$104,465
Part XI · Reconciliation of net assets $104,465 net assets at year end
XI-1 Total revenue$88,563
XI-2 Total expenses$102,353
XI-3 Revenue less expenses−$13,790
XI-4 Net assets at start of year$118,255
XI-10 Net assets at end of year$104,465

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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