Nonprofit · EIN 95-3938944
DOWNTOWN SANTA MONICA INC
Tax-exempt · SANTA MONICA, CA 90401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,171,392 | $9,802,736 | -$631,344 | $5,900,249 | $2,216,790 | $3,683,459 |
| June 30, 2024 | 990 | $9,533,306 | $9,582,545 | -$49,239 | $6,381,619 | $2,685,002 | $3,696,617 |
| June 30, 2023 | 990 | $9,672,351 | $9,151,775 | $520,576 | $6,382,139 | $2,636,283 | $3,745,856 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,518,844
- of which government grants
- $8,518,844
- Program service revenue
- $440,096
- Investment income
- $0
- Other revenue
- $212,452
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $157,371
- Other salaries and wages
- $1,029,160
- Salaries, compensation and benefits (total)
- $1,459,619
- Professional fundraising fees
- $0
- Occupancy
- $167,038
- Travel
- $5,055
- Depreciation
- $105,793
- Program services (functional)
- $9,574,377
- Management and general (functional)
- $228,359
Balance sheet and other
- Total assets, start of year
- $6,381,619
- Total assets, end of year
- $5,900,249
- Total liabilities, end of year
- $2,216,790
- Net assets, end of year
- $3,683,459
- Land, buildings and equipment
- $299,557
- Net assets without donor restrictions
- $2,270,737
- Net assets with donor restrictions
- $1,412,722
- Gross receipts
- $9,171,392
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW THOMAS | CEO Officer | 40 | $277,210 | $33,568 |
| ARIANA GOMEZ | DIRECTOR OF MARKETING Key employee | 40 | $165,675 | $34,595 |
| JEREMY FERGUSON | OPERATIONS & PLACEMAKING DIRECTOR Key employee | 40 | $164,855 | $25,080 |
| LAURA BORSECNIK | SPECIAL EVENTS MANAGER Highest-paid employee | 40 | $109,437 | $21,396 |
| CHENG YI LIN | DATA & RESEARCH MANAGER Highest-paid employee | 40 | $101,685 | $27,479 |
| MARTIN RONZIO-GARCIA | ECONOMIC DEVELOPMENT MANAGER Highest-paid employee | 40 | $107,744 | $11,896 |
| ERIC SEDMAN | TREASURER Trustee or director | 2 | $0 | $0 |
| MICHELE ARONSON | BOARD CHAIRWOMAN Trustee or director | 2 | $0 | $0 |
| JOSHUA GILMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN CLINE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE FAIRTY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALBIN GIELICZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD BLOOM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HODGE PATTERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUDY KRUGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLEAM DAVIS | DIRECTOR Trustee or director | 2 | $0 |
| SEAN BESSER | DIRECTOR Trustee or director | 2 | $0 |
| STANLEY IEZMAN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW THOMAS | CEO Officer | 40 | $267,450 | $29,469 |
| BARRY SNELL | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| LORA VRASIL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LUCIAN TUDOR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LUKE CAIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIA LADD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LEO PUSTILNIKOV | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERIC SEDMAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PETER TRINH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHELE ARONSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSHUA GILMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN CLINE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERICKA LESLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE FAIRTY | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Mongarro | Director of Operations | 40 | $154,339 |
| Kathleen Rawson | Former CEO | 0 | $144,423 |
| John Harris | Fmr Interim CEO Officer | 40 | $100,000 |
| Andrew Thomas | CEO Officer | 40 | $81,667 |
| Barry Snell | Director Trustee or director, Officer | 2 | $0 |
| Lora Vrasil | Director Trustee or director | 2 | $0 |
| Lucian Tudor | Director Trustee or director | 2 | $0 |
| Luke Cain | Director Trustee or director | 2 | $0 |
| Julia Ladd | Director Trustee or director | 2 | $0 |
| Leo Pustilnikov | Director Trustee or director | 2 | $0 |
| Eric Sedman | Chairman Trustee or director, Officer | 2 | $0 |
| Peter Trinh | Director Trustee or director | 2 | $0 |
| Michele Aronson | Director Trustee or director | 2 | $0 |
| Joshua Gilman | Director Trustee or director | 2 | $0 |
| Susan Cline | Director Trustee or director | 2 | $0 |
| Ericka Lesley | Director Trustee or director | 2 | $0 |
| Bruce Fairty | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1351 3RD STREET PROMENADE STE 201, SANTA MONICA, CA 90401-1321
- Principal officer (990 for 2024)
- DEBORAH LEE, 1351 THIRD STREET PROMENADE 201, SANTA MONICA, CA 90401
- Signed the 990
- ERIC SEDMAN, TREASURER
- Phone
- (310) 393-8355
- Website
- WWW.DOWNTOWNSM.COM
- Return prepared by
- DENNIS DUNCAN AND TORCHON LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3938944 or by the name DOWNTOWN SANTA MONICA INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROMOTE THE THIRD STREET PROMENADE AND THE SURROUNDING AREAS IN SANTA MONICA, CALIFORNIA BY PROVIDING PROGRAMS, PROJECTS AND SERVICES THAT BENEFIT THE AREA MERCHANTS, PROPERTY OWNERS, CUSTOMERS, VISITORS AND RESIDENTS.
Program accomplishments
- PROGRAMS AND SERVICES, INCLUDING MAINTENANCE, AN AMBASSADOR PROGRAM, MARKETING AND SPECIAL PROJECTS IN AND AROUND THE CITY OF SANTA MONICA'S CENTRAL BUSINESS DISTRICT, INCLUDING THE THIRD STREET PROMENADE AND THE SURROUNDING AREA.Expenses $9,574,377 · revenue $9,171,392
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3938944
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $5,900,249
- Income (IRS master file)
- $9,171,392
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,171,392 | $9,802,736 | $5,900,249 | IRS |
| 990 | June 2024 | $9,533,306 | $9,582,545 | $6,381,619 | IRS |
| 990 | June 2023 | $9,672,351 | $9,151,775 | $6,382,139 | XML |
| 990 | June 2022 | $8,582,946 | $8,368,872 | $4,705,827 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-3938944).
Questions about DOWNTOWN SANTA MONICA INC
- What is the EIN of DOWNTOWN SANTA MONICA INC?
- The employer identification number (EIN) of DOWNTOWN SANTA MONICA INC is 95-3938944.
- Is DOWNTOWN SANTA MONICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to DOWNTOWN SANTA MONICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN SANTA MONICA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DOWNTOWN SANTA MONICA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN SANTA MONICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DOWNTOWN SANTA MONICA INC?
- The 990 for the year ended June 30, 2025 names DEBORAH LEE.
- Who are the officers and directors of DOWNTOWN SANTA MONICA INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 6 received compensation from the organization, the highest $277,210 (ANDREW THOMAS, CEO).
- How much revenue does DOWNTOWN SANTA MONICA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,171,392, expenses of $9,802,736 and total assets of $5,900,249 at year end.
Other nonprofits in SANTA MONICA
- ASSISTANCE LEAGUE OF SANTA MONICA EIN 95-1647807 · last filed 990 for 2026
- PROVIDENCE SAINT JOHNS MEDICAL STAFF EIN 35-2617004 · last filed 990 for 2025
- SANTA MONICA ROTARY CLUB FOUNDATION EIN 23-7137844 · last filed 990 for 2025
- KIWANIS CHARITIES OF SANTA MONICA EIN 95-3529896 · last filed 990-PF for 2025
- SANTA MONICA BAY WOMANS CLUB EIN 95-1191834 · last filed 990 for 2025
- FRIENDS OF RESIDENTIAL TREASURES LA EIN 83-0679189 · last filed 990 for 2025
- TELEVISION PUBLICITY EXECUTIVES COMMITTEE INC EIN 56-2480141 · last filed 990-EZ for 2025
- WAMUFAT YOUTH COMMUNITY DEVELOPMENT FOUNDATION EIN 83-4558841 · last filed 990-N for 2025
All nonprofits in SANTA MONICA · California · Community improvement and capacity building