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Nonprofiteer
← MUSIC CONCOURSE COMMUNITY PARTNERSHIP

Form 990 for tax year 2022

Filed by MUSIC CONCOURSE COMMUNITY PARTNERSHIP.

Totals

Total revenue
$7,317,594
Total expenses
$6,038,611
Contributions and grants received
$638,789
Grants paid
$0
Program service revenue
$6,628,243
Investment income
$50,562
Other revenue
$0
Total assets, end of year
$32,232,414
Total liabilities, end of year
$26,576,061
Net assets or fund balances, end of year
$5,656,353
Program services expenses (Part IX)
$5,846,240
Management and general expenses
$192,371
Fundraising expenses
$0
Program service expenses (Part III)
$5,846,240

Program services were 96.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $638,789

  • 2a · Program service revenue: PARKING REVENUE

    total $6,628,243 · related or exempt $6,628,243

  • 3 · Investment income

    total $50,562 · excluded $50,562

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $64,979 · management and general $64,979

  • 10 · Payroll taxes

    total $5,169 · management and general $5,169

  • 11b · Fees: legal

    total $3,200 · management and general $3,200

  • 11c · Fees: accounting

    total $91,928 · management and general $91,928

  • 11g · Fees: other

    total $884,012 · program services $875,375 · management and general $8,637

  • 13 · Office expenses

    total $2,712 · program services $2,712

  • 14 · Information technology

    total $18,110 · program services $18,110

  • 16 · Occupancy

    total $545,921 · program services $545,921

  • 20 · Interest

    total $1,515,007 · program services $1,515,007

  • 22 · Depreciation, depletion and amortization

    total $1,221,235 · program services $1,221,235

  • 23 · Insurance

    total $170,184 · program services $153,288 · management and general $16,896

  • 24a · Other expenses: PARKING TAXES

    total $1,326,704 · program services $1,326,704

  • 24b · Other expenses: CREDIT CARD FEES

    total $154,062 · program services $154,062

  • 24c · Other expenses: LICENSES, PERMITS, FEES

    total $35,388 · program services $33,826 · management and general $1,562

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $987,413 · end of year $1,987,763

  • 2 · Savings and temporary cash investments

    beginning of year $881,899 · end of year $1,062,165

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,767,076

  • 10a · Land, buildings and equipment: cost or other basis

    $47,480,259

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,066,807

  • 10c · Land, buildings and equipment, net

    beginning of year $27,634,688 · end of year $26,413,452

  • 15 · Other assets

    beginning of year $0 · end of year $2,769,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,464,412 · end of year $598,511

  • 20 · Tax-exempt bond liabilities

    beginning of year $22,545,571 · end of year $21,705,371

  • 23 · Secured mortgages and notes payable

    beginning of year $2,883,723 · end of year $3,056,747

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,215,432

  • 27 · Net assets without donor restrictions

    beginning of year $4,377,370 · end of year $5,656,353

Mission and programs · 2022

Mission

MUSIC CONCOURSE COMMUNITY PARTNERSHIP (MCCP) OWNS AND OPERATES A NON-PROFIT PARKING GARAGE THAT SERVICES VISITORS TO SAN FRANCISCO'S GOLDEN GATE PARK, DEYOUNG MUSEUM AND CALIFORNIA ACADEMY OF SCIENCE.

Activities or mission (Part I)

TO COMPLETE AND OPERATE THE GOLDEN GATE PARK UNDERGROUND PARKING FACILITY.

  • FOR THE PERIOD OF JULY 1, 2022 TO JUNE 30, 2023, 322,069 REGULAR TICKETS WERE ISSUED. IN ADDITION, THERE WERE 432 MONTHLY PARKING PASSES ISSUED. THE GARAGE NOT ONLY SERVED VISITORS TO GOLDEN GATE PARK AND ITS ATTRACTIONS, BUT HELPED TO REDUCE TRAFFIC CONGESTION IN THE AREA.

    Expenses $5,846,240 · Revenue $6,628,243

As filed on the 2022 return.

Listed in Part VII

  • Martha Kropf

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Valdez

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diane B Wilsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Violich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Seifer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet A Berckefeldt

    PRESIDENT

    Total calculated
    $67,520
    From this org
    $67,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 February 2024
IRS schema version
2022v5.0
Source object
202420529349301317

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