Form 990 for tax year 2024
Filed by ADAMS AVENUE BUSINESS ASSOCIATION INC.
Totals
- Total revenue
- $667,233
- Total expenses
- $630,798
- Contributions and grants received
- $97,435
- Grants paid
- $0
- Program service revenue
- $569,744
- Investment income
- $54
- Other revenue
- $0
- Total assets, end of year
- $368,869
- Total liabilities, end of year
- $7,312
- Net assets or fund balances, end of year
- $361,557
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1e · Government grants (contributions)
$97,435
-
2a · Program service revenue: Contract Income
total $144,857
-
2b · Program service revenue: Major Events
total $415,980
-
2c · Program service revenue: Other Program
total $8,907
-
3 · Investment income
total $54
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $100,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $62,634
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $6,079
-
10 · Payroll taxes
total $13,113
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $19,559
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $70,967
-
13 · Office expenses
total $1,039
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $1,014
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,808
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $7,110
-
24a · Other expenses: Maintenance Assessment District
total $107,706
-
24b · Other expenses: Events
total $218,596
-
24c · Other expenses: Telephone
total $3,636
-
24d · Other expenses: Dues and Subscriptions
total $4,051
-
24e · All other expenses
total $9,486
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,680 · end of year $51,440
-
3 · Pledges and grants receivable
beginning of year $3,682 · end of year $39,287
-
4 · Accounts receivable
beginning of year $29,199 · end of year $5,914
-
11 · Investments: publicly traded securities
beginning of year $256,094 · end of year $272,228
-
17 · Accounts payable and accrued expenses
beginning of year $5,586 · end of year $1,308
-
19 · Deferred revenue
beginning of year $6,080 · end of year $6,004
-
27 · Net assets without donor restrictions
beginning of year $308,989 · end of year $326,312
-
28 · Net assets with donor restrictions
end of year $35,245
Mission and programs · 2024
Mission
To promote and increase commercial activity within the Adams Avenue Business Improvement District.
-
BID, MAD, SBEP, CCSD Funds funded by the city of San Diego to promote and increase commercial activities within the Business Improvement District and used on streetscape maintenance, meeting networking events, and community events.
As filed on the 2024 return.
Listed in Part VII
-
Scott Kessler
Executive Director
- Total calculated
- $100,000
- From this org
- $100,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
David Harding
President
- Total calculated
- $0
- Hours/week
- 5
-
Dave McPheeters
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Nicky McGreevy
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Doug Generoli
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Ryan Altman
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Tony Carillo
Director
- Total calculated
- $0
- Hours/week
- 5
-
Devon Jina
Director
- Total calculated
- $0
- Hours/week
- 5
-
LT Lanham
Director
- Total calculated
- $0
- Hours/week
- 5
-
Derith Mason
Director
- Total calculated
- $0
- Hours/week
- 5
-
Russ Vuich
Director
- Total calculated
- $0
- Hours/week
- 5
-
Mick Ward
Director
- Total calculated
- $0
- Hours/week
- 5
-
Meredith Walton
Director
- Total calculated
- $0
- Hours/week
- 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
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541329349302549
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