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Nonprofiteer
← MUSIC CONCOURSE COMMUNITY PARTNERSHIP

Form 990 for tax year 2024

Filed by MUSIC CONCOURSE COMMUNITY PARTNERSHIP.

Totals

Total revenue
$5,925,788
Total expenses
$4,427,367
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,143,639
Investment income
$62,569
Other revenue
$1,719,580
Total assets, end of year
$703,648
Total liabilities, end of year
$81,031
Net assets or fund balances, end of year
$622,617
Program services expenses (Part IX)
$3,903,018
Management and general expenses
$524,349
Fundraising expenses
$0
Program service expenses (Part III)
$3,903,018

Program services were 88.2% 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.

  • 2a · Program service revenue: PARKING REVENUE

    total $4,143,639 · related or exempt $4,143,639

  • 3 · Investment income

    total $62,569 · excluded $62,569

  • 11a · Other revenue: GAIN ON DEBT FORGIVENE

    total $1,719,580 · excluded $1,719,580

  • 11e · Other revenue, total

    $1,719,580

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $74,886 · management and general $74,886

  • 10 · Payroll taxes

    total $5,888 · management and general $5,888

  • 11b · Fees: legal

    total $183,960 · management and general $183,960

  • 11c · Fees: accounting

    total $201,242 · management and general $201,242

  • 11g · Fees: other

    total $697,268 · program services $666,142 · management and general $31,126

  • 13 · Office expenses

    total $22,475 · program services $22,475

  • 14 · Information technology

    total $21,781 · program services $21,781

  • 16 · Occupancy

    total $345,029 · program services $345,029

  • 20 · Interest

    total $992,834 · program services $992,834

  • 22 · Depreciation, depletion and amortization

    total $783,493 · program services $783,493

  • 23 · Insurance

    total $152,222 · program services $126,467 · management and general $25,755

  • 24a · Other expenses: PARKING TAXES

    total $805,075 · program services $805,075

  • 24b · Other expenses: CREDIT CARD FEES

    total $120,134 · program services $120,134

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

    total $21,080 · program services $19,588 · management and general $1,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,555,058 · end of year $703,648

  • 2 · Savings and temporary cash investments

    beginning of year $1,115,593

  • 3 · Pledges and grants receivable

    beginning of year $46,257

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $25,218,722

  • 15 · Other assets

    beginning of year $2,608,579 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $343,317 · end of year $81,031

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,815,171

  • 23 · Secured mortgages and notes payable

    beginning of year $3,239,901

  • 25 · Other liabilities

    beginning of year $1,159,535 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,986,285 · end of year $622,617

Mission and programs · 2024

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 JULY 1, 2024 TO MARCH 20, 2025, 233,396 TICKETS WERE ISSUED IN THE GARAGE. IN ADDITION, THERE WERE 430 MONTHLY PARKING PASSES ISSUED, AND MORE THAN 15,000 PARKERS WHO ATTENDED EVENTS. THE GARAGE NOT ONLY SERVED VISITORS TO GOLDEN GATE PARK AND ITS ATTRACTIONS, BUT ALSO HELPED TO REDUCE TRAFFIC CONGESTION AND AIR POLLUTION IN THE AREA.

    Expenses $3,903,018 · Revenue $4,143,639

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Martha Kropf

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Valdez

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Seifer

    AUDIT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Gohary

    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

  • Diane B Wilsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet A Berckefeldt

    PRESIDENT

    Total calculated
    $76,480
    From this org
    $76,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • CITY OF SAN FRANCISCO

    $5,466,463

    Disposition · LOSS ON DISPOSAL OF ASSETS · Jun 30, 2024 · GOV'T

Provenance

Return type
form_990
Tax year
2024
Filed
11 October 2025
IRS schema version
2024v5.2
Source object
202532849349300513

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