Form 990 for tax year 2022
Filed by SOUTH COUNTY ECONOMIC DEVELOPMENT COUNCIL.
Totals
- Total revenue
- $478,386
- Total expenses
- $509,071
- Contributions and grants received
- $366,162
- Grants paid
- $0
- Program service revenue
- $112,224
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $805,428
- Total liabilities, end of year
- $56,401
- Net assets or fund balances, end of year
- $749,027
- Program services expenses (Part IX)
- $405,687
- Management and general expenses
- $61,036
- Fundraising expenses
- $42,348
- Program service expenses (Part III)
- $405,687
Program services were 79.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$171,064
-
1e · Government grants (contributions)
$183,721
-
1f · All other contributions, gifts and grants
$11,377
-
2a · Program service revenue: Economic Summit
total $94,709 · related or exempt $94,709
-
2b · Program service revenue: Interest
total $17,515 · related or exempt $17,515
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $146,681 · program services $110,011 · management and general $32,270 · fundraising $4,400
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $178,795 · program services $158,036 · management and general $10,455 · fundraising $10,304
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $1,202 · program services $1,202
-
10 · Payroll taxes
total $24,232 · program services $22,300 · management and general $1,821 · fundraising $111
-
11a · Fees: management
total $14,200 · program services $14,200
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $13,200 · program services $8,712 · management and general $3,828 · fundraising $660
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $5,507 · program services $5,507
-
13 · Office expenses
total $2,983 · program services $2,595 · management and general $388
-
14 · Information technology
total $18,353 · program services $15,552 · management and general $2,019 · fundraising $782
-
15 · Royalties
total $0
-
16 · Occupancy
total $46,401 · program services $43,153 · management and general $3,248
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,964 · program services $5,964
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $812 · management and general $812
-
23 · Insurance
total $7,557 · program services $7,557
-
24a · Other expenses: Summit/Events
total $31,061 · management and general $4,970 · fundraising $26,091
-
24b · Other expenses: Moving
total $1,225 · management and general $1,225
-
24c · Other expenses: Subscriptions/Dues/Fees/In-Direct/Membership
total $10,898 · program services $10,898
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $53,851 · end of year $48,551
-
2 · Savings and temporary cash investments
beginning of year $576,098 · end of year $421,091
-
3 · Pledges and grants receivable
beginning of year $32,191 · end of year $122,278
-
7 · Other notes and loans receivable
beginning of year $166,576 · end of year $204,896
-
9 · Prepaid expenses and deferred charges
beginning of year $13,063 · end of year $8,612
-
10a · Land, buildings and equipment: cost or other basis
$17,014
-
10b · Land, buildings and equipment: accumulated depreciation
$17,014
-
10c · Land, buildings and equipment, net
beginning of year $812
-
15 · Other assets
beginning of year $4,414
-
17 · Accounts payable and accrued expenses
beginning of year $27,430 · end of year $22,901
-
19 · Deferred revenue
beginning of year $39,863 · end of year $33,500
-
27 · Net assets without donor restrictions
beginning of year $779,712 · end of year $749,027
Mission and programs · 2022
Mission
Job Creation in South San Diego County
-
The South County Economic Development Councils FY22-23 highlights several notable accomplishments. Through the organization of two impactful forums focusing on infrastructure and binational cooperation, over 300 businesses and residents were empowered with essential informtion and opportunities for collaboration. In addition the SCEDC Annual Economic Summit attended by more than 300 local leaders, brought together federal, state, and local decision makers to help enhance and share the region through international dialogue and coordinated discussions.
Expenses $184,231
-
By expanding our business outreach program and hiring a dedicated coordinator, we successfully engaged with over 3,000 businesses annually, providing tailored support and facilitating communication with local government. Additionally, the launch of the Young Entrepreneurs Academy has fostered a new generation of local business owners, enhancing both personal growth and job prospects within our communities. Our continued partnership with the local government has enabled us to deliver coordinated resources and support through programs surrounding flood mitigation and recovery, direct business support initiatives, and sector specific training and information. Furthermore, our enhanced digital marketing efforts have generated significant impressions, leasing to increased engagement, resource accessibility, and vital connections between job seekers and employment centers, further enriching our regions economic landscape.
Expenses $221,456
As filed on the 2022 return.
Listed in Part VII
-
James C O'Callaghan III
CEO President
- Total calculated
- $146,681
- From this org
- $146,681
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Patricia Alvarez de los Cobos
Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Sally Preston
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Bob Penner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott Andrews
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Wick
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vic Baines
Director
- Total calculated
- $0
- Hours/week
- 1
-
William Armas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard Yumul
Director
- Total calculated
- $0
- Hours/week
- 1
-
George ChingDoug Kerner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Risa Baron
Director
- Total calculated
- $0
- Hours/week
- 1
-
George Ching
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tony McCune
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roberto Alcantar
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ashley Gonzalez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Holder
Director
- Total calculated
- $0
- Hours/week
- 1
-
Clarissa Falcon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Zaneta Encarnacion
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Wilkinson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisette Islas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Cafferty
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ray Major
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alberto Velasquez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Miguel Aguirre
Director
- Total calculated
- $0
- Hours/week
- 1
-
Zenia Zamarripa
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pedro Anaya
Director
- Total calculated
- $0
- Hours/week
- 1
-
Monica Montano
Director
- Total calculated
- $0
- Hours/week
- 1
-
Viry Martino
Director
- Total calculated
- $0
- Hours/week
- 1
-
Betsy Brennan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Gaytan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Munoz Humphreys
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denise Price
Director
- Total calculated
- $0
- Hours/week
- 1
-
Doug Paul
Director
- Total calculated
- $0
- Hours/week
- 1
-
Debbie Espe
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Tenille Otero
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349317310
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