2024-03-10T17:39:05-05:00 2023-06-30 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2022-07-01 330200249 IRVINE SPECTRUM TRANSPORTATION MANAGEMENT ASSOCIATION IRVI 9497274273 15215 BARRANCA PKWY 200 IRVINE CA 92618 JAY WARNER TREASURER 9493419835 2024-03-07 JAY WARNER 999009999 0 ROBERT A OWENS CPA P01414999 9498515020 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z SPECTRUMOTION JAY WARNER 16355 LAGUNA CANYON RD IRVINE CA 92618 675746 0 X WWW.SPECTRUMOTION.COM X 1986 CA THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS BY PROVIDING FOR TRANSPORTATION MANAGEMENT AND SERVICES TO PROMOTE RIDESHARING BY ITS MEMBERS' EMPLOYEES AND TENANTS TO ADDRESS LOCAL TRANSPORTATION PROBLEMS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN THE GEOGRAPHIC AREA OF IRVINE, CALIF. KNOWN AS THE IRVINE SPECTRUM.AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL DRIVERS WITHIN THE COMMUNITY. THE AREA IS COMPRISED OF APPROXIMATELY 1,700 ACRES AND IS HOME TO OVER 3,800 COMPANIES EMPLOYING IN EXCESS OF 116,000 PEOPLE. THE ASSOCIATION WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVE, AND OTHERS WITHIN IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS, AND SERVICES TO REDUCE CAR TRAFFIC IN THE AREA. 14 14 5 0 0 0 0 0 612566 674227 963 1210 1449 309 614978 675746 0 0 0 0 522590 496410 0 0 0 143321 143766 665911 640176 -50933 35570 892945 890319 119780 81584 773165 808735 SEE STATEMENT O 0 0 572370 674227 THE ASSOCIATION WAS FORMED TO FACILITATE EMPLOYERS, DEVELOPERS, BUILDING OWNERS, LOCAL GOVERNMENT REPRESENTATIVE, AND OTHERS WITHIN IRVINE SPECTRUM TO WORK TOGETHER AND COLLECTIVELY ESTABLISH POLICIES, PROGRAMS, AND SERVICES TO REDUCE CAR TRAFFIC IN THE AREA. THE CITY OF IRVINE ("CITY") EXPANDED ITS "ISHUTTLE" SERVICE TO THE IRVINE SPECTRUM AREA TO SERVE THE AREA EMPLOYEES AND RESIDENTS BY CONNECTING THEM VIA SHUTTLE SERVICES TO IRVINE STATION. IN SEPTEMBER 2011, THE CITY AND THE ASSOCIATION ENTERED INTO AN AGREEMENT TO BECOME FUNDING PARTNERS FOR EXPENDITURES TOWARDS THE OPERATION AND MAINTENANCE, BUS PURCHASE AND REPLACEMENT, AND SUPPORT COSTS OF THE IRVINE SPECTRUM AREA SERVICE. THE AGREEMENT CALLED FOR A TOTAL OF $283,000 FUNDING FROM THE ASSOCIATION. UPON FINAL PAYMENT OF $38,000 IN MARCH 22014, THE CITY AND THE ASSOCIATION AGREED TO FURTHER FUNDING COMMITMENTS OF $120,000 PAYABLE IN THREE YEARS, WITH QUARTERLY PAYMENTS OF $10,000 EACH, COMMENCING ON SEPTEMBER 30, 2014. 3534 TRANSIT PASS SUBSIDYTHE ASSOCIATION SUBSIDIZES THE COST OF AN ORANGE COUNTY TRANSIT AUTHORITY 30-DAY PASS FOR ALL NEW BUS RIDERS IN AN EFFORT TO ATTRACT NEW RIDESHARE PARTICIPANTS.COMMUTER RAIL PASS SUBSIDYTHE ASSOCIATION SUBSIDIZES THE COST OF ONE MONTHLY METROLINK PASS, OR FIVE-DAY FLEX PASS FOR ALL NEW TRAIN RIDERS TO ATTRACT NEW RIDESHARE PARTICIPANTS.VANPOOL SUBSIDYTHE ASSOCIATION SUBSIDIZES THE SECOND-MONTH COSTS OF A NEW VANPOOL PARTICIPANT TO ATTRACT NEW RIDESHARE PARTICIPANTS TO ATTRACT NEW RIDESHARE PARTICIPANTS. 575904 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 5 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X THE ORGANIZATION 9497274273 15215 BARRANCA PKWY 200 IRVINE CA 92618 X MARK KESSLER PRESIDENT 2.00 X X 0 0 0 HOLLY MCMANUS VICE PRESIDENT 2.00 X X 0 0 0 JAY WARNER TREASURER 2.00 X X 0 0 0 GOLDA EGGE SECRETARY 2.00 X X 0 0 0 MIGUEL ARIAS BOARD MEMBER 2.00 X 0 0 0 MERCY CORDERO BOARD MEMBER 2.00 X 0 0 0 KATHY DEMPSEY BOARD MEMBER 2.00 X 0 0 0 NICOLE EGNER BOARD MEMBER 2.00 X 0 0 0 DAVID FISHMAN BOARD MEMBER 2.00 X 0 0 0 LATASHA LOVER BOARD MEMBER 2.00 X 0 0 0 BOB MATSON BOARD MEMBER 2.00 X 0 0 0 RON WAGNER BOARD MEMBER 2.00 X 0 0 0 RYAN ARMSTRONG MEMBER EX-OFICIO 2.00 X 0 0 0 MIKE DAVIS MEMBER EX-OFICIO 2.00 X 0 0 0 KELLY VASQUEZ EXECUTIVE DIRECTOR 40.00 X 140000 0 0 140000 0 0 1 0 0 0 0 ASSESSMENTS 531390 664173 664173 VOLUNTARY ASSESSMENTS 531390 10054 10054 674227 1210 1210 OTHER INCOME 531390 309 309 309 675746 675746 0 0 140000 126000 14000 278467 250621 27846 15071 13564 1507 32557 29301 3256 30315 27283 3032 8611 5597 3014 16865 16865 33089 33089 18361 16525 1836 40801 32641 8160 4797 4797 880 880 12256 12256 8106 6485 1621 640176 575904 64272 0 51491 122152 695550 696268 21928 0 14759 13955 128823 112262 28817 16561 80400 41383 892945 890319 39117 40200 263 1 80400 41383 119780 81584 X 473165 508735 300000 300000 773165 808735 892945 890319 35570 0 X X 0 1 X 1 0 0 0 0 674227 128823 112262 16561 16561 LEASE OBLIGATION 41383 41383 X 675746 0 675746 0 675746 640176 0 640176 0 640176 PART X, LINE 2: MANAGEMENT OF THE ASSOCIATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY THE TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO THE YEAR ENDED JUNE 30, 2019. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 AFTER PREPARATION BY THE CPA BASED ON THE INFORMATION FROM THE AUDIT. UPON COMPLETION OF THE REVIEW, THE EXECUTIVE DIRECTOR PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEES ARE EXPECTED TO PROMOTE THE BEST INTERESTS OF THE ASSOCIATION AT ALL TIMES. EACH HAS AN OBLIGATION TO AVOID ANY ACTIVITY, AGREEMENT, BUSINESS INVESTMENT OR INTEREST, OR OTHER SITUATION WHICH COULD BE CONSTRUED AS A CONFLICT WITH THE ASSOCIATION'S BEST INTEREST OR AS AN INTERFERENCE WITH EMPLOYEES' DUTY TO SERVE THE ASSOCIATION TO THE BEST OF THEIR ABILITY. ALL POTENTIAL CONFLICTS ARE DISCLOSED IN ADVANCE TO THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, ASSOCIATION STAFF COMPLETES AN IN-DEPTH SALARY SURVEY FOR THE PURPOSE OF SETTING EMPLOYEE SALARY RANGES AND TO DETERMINE THE COMPETETIVE NATURE OF THE ASSOCIATION'S BENEFITS PACKAGE. THE ASSOCIATION USES AS ITS PRIMARY SOURCE OF INFORMATION THE CENTER FOR NONPROFIT MANAGEMENT'S COMPENSATION AND SALARY SURVEY FOR SOUTHERN AND CENTRAL CALIFORNIA. THE RESULTS OF THE SALARY SURVEY ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHO RECOMMEND SALARY RANGES FOR ALL EMPLOYEE POSITIONS INCLUDING THE EXECUTIVE DIRECTOR. EMPLOYEE SLARY RANGES ARE DETAILED IN THE ASSOCIATION'S PERSONNEL AND SALARY POLICY WHICH IS REVISED ON AN AS NEEDED BASIS BY THE FULL BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. THE EXECUTIVE DIRECTOR'S ACTUAL SALARY IS DETERMINED BY THE EXECUTIVE COMMITTEE USING THE BOARD APPROVED SALARY RANGE. THE EXECUTIVE DIRECTOR'S PERFORMANCE IS APPRAISED ANNUALLY BY THE EXECUTIVE COMMITTEE AS A GROUP. AS WITH ALL OTHER EMPLOYEES, THE EXECUTIVE DIRECTOR'S ANNUAL SALARY INCREASE IS BASED SOLELY ON MERIT. AT NO TIME CAN THE ACTUAL SALARY LEVEL EXCEED THE UPPER LEVEL OF THE SALARY RANGE REGARDLESS OF THE PERFORMANCE RATING. FORM 990, PART VI, SECTION C, LINE 19 MEMBERS RECEIVE GOVERNING DOCUMENTS OF THE CORPORATION WHEN THEY PURCHASE A BUILDING IN THE COMMUNITY. THIS INCLUDES THE CC&R'S, BYLAWS, AND ARTICLES, THE MOST CURRENT BUDGET, AND FINANCIAL STATEMENT WHICH INCLUDES THE AUDIT. FORM 990, PART XII, LINE 2C: THE EXECUTIVE DIRECTOR CHOOSES THE INDEPENDENT AUDITOR ("CPA") IN ACCORDANCE WITH THE ASSOCIATION'S PURCHASING PROCEDURE. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (4 OFFICERS) MEETS TO REVIEW THE DRAFT FINANCIAL AUDIT AS PRESENTED BY THE CPA. THE AUDITED FINANCIAL STATEMENTS ARE THEN PRESENTED TO THE ENTIRE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING FOR APPROVAL.