Rodeo Drive INC FY2024 filing

Not tax-deductible

Beverly Hills, CA501(c)(6)Community DevelopmentEIN 95-3728114Revenue $426K in FY2024

On file with the IRSrodeodrive-bh.comPo Box 853, 90213-0853 · Beverly Hills, CATax-exempt since Feb 2010

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The organization's mission is to promote the common business interest of the merchants of Rodeo Drive, beverly hills, ca. Its activities are directed to the improvement of the business conditions of one or more lines of business on Rodeo Drive.

86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
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
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
5 of 5
filings with a surplus
Average surplus $82K a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$426K
+0.1% vs prior year
Spent
$346K
To programs
86%
Net assets
$883K
By yearFY2021–FY2025
Revenue
$426K
FY2024+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2021$420K
FY2022$410K
FY2023$425K
FY2024$426K
FY2025$476K
Expenses
$346K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021$319K
FY2022$310K
FY2023$366K
FY2024$346K
FY2025$406K
Net assets
$883K
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2021$645K
FY2022$745K
FY2023$804K
FY2024$883K
FY2025$953K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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 Feb 2010.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $296K Management & general 14% · $50K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Rodeo Drive INC 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

Improves business conditions for Rodeo Drive merchants.

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Provided by the organization

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1 program · $291K · in their own filed words · FY2023
01

Raises funds to sponsor events and programs that promote the common business interest of the merchants of rodeo drive, beverly hills, ca.

$291Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $8K · 2021–2021
Miracle BabiesCA · FY2021$7,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$426K
Ln 12
Fees for servicesLn 2g$425K
Investment incomeLn 3$476
Money outPt IX
$346K
Ln 25
Programscol B$296K
Managementcol C$50K
Owns and owesPt X
$883K
net assets · Ln 32
Cash and savingsLn 1–2$823K
Total assetsLn 16$896K
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$425K
Investment incomeLn 3$476
Gains on assetsLn 7$0
Total revenueLn 12$426K
Assets in detailPt X, end of year
CashLn 1$823K
SavingsLn 2$0
Cash and savings togetherLn 1–2$823K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$896K
LiabilitiesLn 26$13K
Net assetsLn 32$883K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$727K$823K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$808K$896K
LiabilitiesLn 26$4K$13K
Net assetsLn 32$804K$883K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
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$4K$4K
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
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$7K$7K
Other expenses (24a–d)Ln 24$294K$293K$372
All other expensesLn 24e$0
Total functional expensesLn 25$346K$296K$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $476K$406K$70K$953K 990 PDF
FY2024 Viewing $426K$346K$80K$883K 990 PDF
FY2023 $425K$366K$59K$804K 990 PDF
FY2022 $410K$310K$99K$745K 990 PDF
FY2021 $420K$319K$101K$645K 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 FY2024 990 (6 parts)
Part I · Summary $425,658 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $424,561$425,182
I-10 Investment incomePrior year $626$476
I-11 Other revenue$0
I-12 Total revenuePrior year $425,187$425,658
I-13 Grants and similar amounts paidPrior year $5,000$2,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $361,206$343,247
I-18 Total expensesPrior year $366,206$345,747
I-19 Revenue less expensesPrior year $58,981$79,911
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $425,658 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $425,182$425,182
VIII-3 Investment incomeRelated to mission $476$476
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 revenueRelated to mission $425,658$425,658
Part IX · Statement of functional expenses $345,747 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $2,500$2,500
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 feesManagement $3,990$3,990
IX-11c Accounting feesManagement $17,494$17,494
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $19,789$19,791
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,274$1,274
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 InsuranceManagement $7,195$7,195
IX-24 Other expenses (24a–d)Programs $293,131 · Management $372$293,503
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $295,631 · Management $50,114 · Fundraising $0$345,747
Part X · Balance sheet $896,031 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $726,858$823,270
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $78,187$54,370
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,987$18,391
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 $808,032$896,031
X-17 Accounts payable and accrued expensesStart of year $4,496$5,056
X-19 Deferred revenue$7,528
X-26 Total liabilitiesStart of year $4,496$12,584
X-27 Net assets without donor restrictionsStart of year $803,536$883,447
X-32 Total net assets or fund balancesStart of year $803,536$883,447
X-33 Total liabilities and net assetsStart of year $808,032$896,031
Part XI · Reconciliation of net assets $883,447 net assets at year end
XI-1 Total revenue$425,658
XI-2 Total expenses$345,747
XI-3 Revenue less expenses$79,911
XI-4 Net assets at start of year$803,536
XI-10 Net assets at end of year$883,447

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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