Downtown Encinitas Mainstreet Assoc EIN 95-3843066

Downtown Encinitas Mainstreet Assoc

EIN  95-3843066 Business league / trade association Encinitas, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Preserves and improves a historic downtown for community and visitors.
Leadership
Irene Pyun · Executive Director · $93K
Money in and out
$561K revenue, $608K expenses
Bottom line
-8% operating surplus

Preserves and improves a historic downtown for community and visitors. For fiscal year 2025 it reported $561K in revenue, $608K in expenses, and $-201K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$561K
Pt VIII · Ln 12
Total expenses
$608K
Pt IX · Ln 25
Net assets
$-201K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$47K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.29 Fundraising $0.04
Operating surplus
-8%
revenue over expenses▼ -193% vs prior filing year
Earned revenue
84%
of revenue from program services & dues0% vs prior filing year
Payroll share
28%
of spending is salaries & benefits▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$561K
FY2025▲ +10%
Expenses
$608K
FY2025▲ +16%
Total assets
$153K
FY2025▼ -31%
Total liabilities
$354K
FY2025▼ -6%
Total revenue
$561K
Pt VIII · Ln 12
Total expenses
$608K
Pt IX · Ln 25
Net assets
$-201K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$47K
Total assetsPt X · Ln 16$153K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $409K of program spending, described in the organization's own filed words · FY2024.
01

-- secured additional funding from the city of encinitas -- informed the community about special events in encinitas through a weekly newsletter that reaches more than 4,000 subscribers. -- launched a brand new VISITOR/ORGANIZATION website -- repainted the artistic crosswalk on south coast highway 101 -- created new membership levels…

$409Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDowntown Encinitas Mainstreet Assoc
EINHdr · item D95-3843066
Principal addressHdr · item CEncinitas, CA
WebsiteHdr · item Jwww.encinitas101.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S31Z)
Ruling yearIRS BMFAug 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$93,092Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Irene Pyun’s $93K as Executive Director is at the 68th percentile of top reported officer pay among 1711 $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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Irene Pyun$93,092$90,897

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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Statement of Revenue

Part VIII
Program service revenue$473K · 84%
Contributions & grants$76K · 13%
Other revenue$13K · 2%
Program service revenue84%$473K
Contributions & grants13%$76K
Other revenue2%$13K
Investment income$39
— government grantsLn 1e$58K
Total revenueLn 12$561K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.29 Fundraising $0.04
Program services67%$409K
Management & general29%$174K
Fundraising4%$26K
Total functional expensesLn 25$608K

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$153K
Total liabilitiesLn 26$354K
Total net assetsLn 32$-201K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses/yr $608K
2.0 months
Where the money goes
Program services
Program services $409K · Total expenses $608K
67%
Management & General
Management & general $174K · Total expenses $608K
29%
Fundraising
Fundraising $26K · Total expenses $608K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $26K · Solicited contributions (3-yr avg) $17K
$1.51 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $76K · Total revenue $561K
13%
Government reliance
Government grants $58K · Total revenue $561K
10%
Earned-income share
Program service revenue $473K · Total revenue $561K
84%
Investment reliance
Investment income $39 · Total revenue $561K
0%
Program self-sufficiency
Program service revenue $473K · Total expenses $608K
78%
Growth & trend
Revenue growth (YoY)
This year $561K · Prior year $509K
+10%
Revenue CAGR
FY2020 $110K · FY2024 $561K
+50%
Net-asset trend (YoY)
End of year $-201K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $561K · Expenses $608K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $153K
Net-asset ratio
Net assets $-201K · Total assets $153K
-131%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $153K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Irene Pyun · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $93K · Total expenses $608K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $171K · Total expenses $608K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 29%
Fundraising cost ratio 34%
Revenue growth 10%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$561K revenue · viewing · ⤓ 990 PDF
FY2024$509K revenue · ⤓ 990 PDF
FY2023$407K revenue · ⤓ 990 PDF
FY2022$301K revenue · ⤓ 990 PDF
FY2021$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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