Overview
What is Santa Monica Pier Corporation?
The Santa Monica Pier Corporation, established in 1983, is a nonprofit public benefit organization situated in Santa Monica, California. Its primary mission is to showcase the renowned Santa Monica Pier as a globally recognized destination. The organization takes charge of film permits and events at iconic attractions such as the historic Carousel and the Deck of the famous Santa Monica Pier. In addition to these responsibilities, the corporation engages in various activities, including marketing, social media management, and programming across five categories: music, film, education, art, and active lifestyle. Notably, it produces significant events like the Twilight Concert Series and Paddleboard & Ocean Festival, which draw massive crowds to the pier during the summer months. With a team of seven dedicated employees, the Santa Monica Pier Corporation continues to contribute to the allure and vibrancy of this beloved landmark.
Official website here: www.santamonicapier.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
The Santa Monica Pier Corporation has received a Two-Star rating from Charity Navigator, indicating a score of 66% based primarily on its Accountability & Finance practices. This score reflects the organization's commitment to transparency and governance, as evidenced by its independent board structure and the presence of essential policies such as conflict of interest and whistleblower protections.
Strengths of the organization include a strong program expense ratio of 81.59%, demonstrating a significant portion of its funds directed towards programmatic activities. Additionally, the corporation has shown effective governance practices, with all board members being independent and adhering to guidelines for maintaining proper documentation and policies. These factors contribute positively to the organization’s overall accountability.
However, the Santa Monica Pier Corporation faces challenges with its liabilities to assets ratio, which stands at 96.95%. This high ratio raises concerns about the organization's financial stability and ability to manage its debts effectively. While the organization demonstrates solid governance and programmatic focus, addressing financial liabilities may be crucial for improving its rating and overall performance in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Monica Pier Corporation legitimate?
Santa Monica Pier Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica Pier Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $211,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $415,945
For more financial information, click here
Official website here: www.santamonicapier.org
What is the mission statement of Santa Monica Pier Corporation?
The Santa Monica Pier Corporation, established in 1983 as a nonprofit organization, is committed to promoting the Santa Monica Pier as a globally renowned destination. They manage film permits and events at the historic carousel and the deck of the famous Santa Monica Pier. The organization is also involved in marketing, social media, and programming across five categories: music, film, education, art, and active lifestyle. Additionally, they produce signature events such as the Twilight Concert Series and Paddleboard & Ocean Festival, which attract thousands each summer. The primary goal of the Santa Monica Pier Corporation is to enhance the Pier's reputation as a world-class attraction.
Official website here: www.santamonicapier.org
What is the revenue of Santa Monica Pier Corporation?
Santa Monica Pier Corporation's revenue in 2023 was $1,630,338.
Official website here: www.santamonicapier.org
Who are the executives of Santa Monica Pier Corporation and what are their salaries?
The average compensation at Santa Monica Pier Corporation during 2023 was $89,598. There are 7 employees and 7 volunteers at Santa Monica Pier Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $182,007
- Related: $0
- Other: $29,158
Official website here: www.santamonicapier.org
Where can I find the form 990 for Santa Monica Pier Corporation?
Santa Monica Pier Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.santamonicapier.org
Learn more at the official website: www.santamonicapier.org
Mission Statement of Santa Monica Pier Corporation
The Santa Monica Pier Corporation, established in 1983, is a nonprofit organization with a mission to promote and manage the Santa Monica Pier as a renowned global destination. This organization plays a significant role in overseeing film permits and events at the historic Carousel, as well as the deck of the world-famous Santa Monica Pier. Beyond this, the corporation engages in various marketing, social media, and programming initiatives across five categories: music, film, education, art, and active lifestyle. The organization produces signature events such as the Twilight Concert Series and the Paddleboard & Ocean Festival, which attract thousands of visitors each summer. By managing and promoting the Santa Monica Pier, the corporation contributes to its transformation into a vibrant and popular attraction, attracting visitors from around the world.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Santa Monica Pier Corporation plays a significant role in promoting and managing the Santa Monica Pier as a world-class destination. The organization is responsible for managing film permits and events at the historic carousel and the deck of the iconic Santa Monica Pier. Through its diverse programming across music, film, education, art, and active lifestyle categories, the organization actively engages with the community and visitors alike. Signature events like the Twilight Concert Series and Paddleboard & Ocean Festival, organized by the Santa Monica Pier Corporation, attract thousands of people to the pier each summer, further contributing to the vibrant cultural scene of Santa Monica.
This information is meant to be a general summary of Santa Monica Pier Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $179
- Program Service Revenue: $1,362,763
- Gross Receipts: $1,630,338
Assets and Liabilities:
- Total Assets: $691,002
- Total Liabilities: $648,751
- Net Assets: $42,251
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIVATE EVENT RENTALS
Revenue
$775,546
PROMOTION REVENUE
Revenue
$238,137
FILMING INCOME
Revenue
$188,972
CAROUSEL REVENUE
Revenue
$108,628
EVENT SPONSORSHIPS
Revenue
$51,480
Organization Details
Founding Year
1983
Principal Officer
Jim Harris
Website
www.santamonicapier.orgNTEE Category
Code: N32 - Recreation
If you are a representative of Santa Monica Pier Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.