Del Mar Village Association Inc

What it reported doing in 2025

Dmva's economic development programming facilitated communication and the flow of information between del mar's business community, residents, visitors, community organizations, and government agencies. Programming facilitated economic stability and unity in the del mar downtown business and residential community through successful promotions and outreach efforts while preserving del mar's history and unique character. Fy 2025-2026 programming included regular e-blasts, personalized emails, facebook posts, phone calls, and in-person meetings to keep businesses informed about events, city and county updates, construction impacts, marketing opportunities, and grant opportunities; serving as primary liaison between the business community, the city of del mar, sandag, and edco; maintaining a business partner resource center, an enhanced del mar local offers page, and a new family & kid-friendly website landing page; continuing the del mar village dollars shop-local egift card program, now in its sixth year, with over $131,295 issued and more than $125,343 redeemed at participating businesses since launch; expanding the del mar shoresaver program to four docking stations at the 17th, 20th, and 25th street lifeguard stations and north beach; hosting three "keep del mar green" community cleanups that engaged 240 volunteers who removed 315 pounds of trash from del mar village and its beaches; partnering with the urban corps of san diego on sidewalk power-washing and street furniture maintenance; supporting compliance with California organics recycling and plastics ordinance requirements; assisting new and expanding businesses including hillstone, queenstown del mar, l'auberge del mar, del mar plaza, and stratford square through a "start a business" resource page and ribbon-cutting support; planning an additional water bottle refill station at 15th street with l'auberge del mar; and hosting quarterly business and government networking opportunities, including del mar stakeholder strolls, a summer social at the fairgrounds, and a day at the races. Dmva continued to provide government liaison support, feedback, and information gathering on issues including parking and valet regulations, specific plan modifications, alcohol beverage control, signage and outdoor covering regulations, sustainability requirements, homelessness resources, public safety, coastal commission and short-term rental regulations, the sandag train tunnel, and grant funding.

Financial Efficiency

• Mission deployment rate: 90.4%; rating input score 90
• Program expense ratio: 83.9%; rating input score 84
• Fundraising efficiency: $2.13 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -7.5%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 0.28; rating input score 14; 14th percentile among comparable filings
• Liabilities to assets ratio: 0.58; rating input score 10; 10th percentile among comparable filings
• Officer compensation ratio: 25.8%; rating input score 10; 10th percentile among comparable filings

Growth

• Program expense growth: 10% per year; rating input score 100; 57th percentile among comparable filings
• Revenue growth: 8.9% per year; rating input score 100; 57th percentile among comparable filings
• Asset growth: 15.1% per year; rating input score 100; 69th percentile among comparable filings