Leucadia 101 Main Street
Legal name: Leucadia Encinitas Hwy 101 Mainstreet Association
Nonprofit profile at a glance
- EIN
- 061733027
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-EZ 2013
- Location
- Encinitas, CA, US
- Phone
- (760) 436-2320
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $612,549
- Expenses
- $601,989
- Assets
- $94,016
- Liabilities
- $14,416
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- MICHAEL SCHMITT (Vice President)
- NIKOLAS HARTH (President)
People named in this filing
- CHASE BEACH (BOARD MEMBER)
- PETER CURRY (BOARD MEMBER)
- BRENDA DIZON (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support the Historic Leucadia North Coast Highway 101 Corridor by enhancing its economic and civic vitality, which includes promotion and marketing its vision, fostering partnerships, retail development and a ‘sense of place’ while acting as the lead advocate for its historic preservation and community cultivation through the engagement of all its citizens.
What it reported doing in 2024
Summer fun beer sales
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.4%; rating input score 67
- Program expense ratio: 68.6%; rating input score 69
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.7%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 13.7% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 11.5% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 39th percentile among comparable filings
Details
- What they do: 9 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 67.4% of revenue deployed · 68.6% of spending went to programs
- Governance: 15 of 15 board members independent · 1 of 7 filing controls reported
- Programs: 6 filed program accomplishments · $413K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.