Form 990 for tax year 2024
Filed by GREATER SACRAMENTO AREA ECONOMIC COUNCIL.
Totals
- Total revenue
- $12,028,183
- Total expenses
- $5,958,517
- Contributions and grants received
- $11,906,663
- Grants paid
- $247,000
- Program service revenue
- $160,118
- Investment income
- $244,506
- Other revenue
- -$283,104
- Total assets, end of year
- $18,331,647
- Total liabilities, end of year
- $907,589
- Net assets or fund balances, end of year
- $17,424,058
- Program services expenses (Part IX)
- $4,836,024
- Management and general expenses
- $855,198
- Fundraising expenses
- $267,295
- Program service expenses (Part III)
- $4,836,024
Program services were 81.2% 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.
-
1c · Fundraising events
$255,087
-
1e · Government grants (contributions)
$1,007,802
-
1f · All other contributions, gifts and grants
$10,643,774
-
2a · Program service revenue: MEETINGS & EVENTS
total $160,118 · related or exempt $160,118
-
3 · Investment income
total $244,506 · excluded $244,506
-
8a · Fundraising events: gross income
$103,800
-
8a · Fundraising events: contributions included on line 1c
$255,087
-
8b · Fundraising events: direct expenses
$386,904
-
8c · Net income from fundraising events
total -$283,104 · excluded -$283,104
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $247,000 · program services $247,000
-
5 · Compensation of officers, directors and key employees
total $1,244,705 · program services $1,035,313 · management and general $111,287 · fundraising $98,105
-
7 · Other salaries and wages
total $1,489,921 · program services $1,133,140 · management and general $262,611 · fundraising $94,170
-
8 · Pension plan contributions
total $77,095 · program services $58,616 · management and general $12,682 · fundraising $5,797
-
9 · Other employee benefits
total $195,144 · program services $153,011 · management and general $27,517 · fundraising $14,616
-
10 · Payroll taxes
total $150,547 · program services $119,074 · management and general $20,793 · fundraising $10,680
-
11b · Fees: legal
total $58,436 · management and general $58,436
-
11c · Fees: accounting
total $32,305 · management and general $32,305
-
11f · Fees: investment management
total $29,578 · management and general $29,578
-
11g · Fees: other
total $255,658 · program services $238,057 · management and general $3,552 · fundraising $14,049
-
12 · Advertising and promotion
total $352,066 · program services $352,066
-
13 · Office expenses
total $102,060 · program services $79,465 · management and general $16,330 · fundraising $6,265
-
14 · Information technology
total $111,148 · program services $87,911 · management and general $15,352 · fundraising $7,885
-
16 · Occupancy
total $145,571 · program services $115,138 · management and general $20,106 · fundraising $10,327
-
17 · Travel
total $277,586 · program services $271,867 · management and general $3,776 · fundraising $1,943
-
19 · Conferences, conventions and meetings
total $350,449 · program services $116,310 · management and general $234,139
-
22 · Depreciation, depletion and amortization
total $9,268 · program services $7,672 · management and general $1,054 · fundraising $542
-
23 · Insurance
total $20,640 · program services $16,325 · management and general $2,851 · fundraising $1,464
-
24a · Other expenses: EVENT SPONSOR
total $353,951 · program services $352,521 · management and general $945 · fundraising $485
-
24b · Other expenses: BAD DEBT
total $235,000 · program services $235,000
-
24c · Other expenses: RESEARCH AND DATA PLATF
total $164,583 · program services $162,358 · management and general $1,470 · fundraising $755
-
24d · Other expenses: MEMBERSHIPS AND PUBLICA
total $55,806 · program services $55,180 · management and general $414 · fundraising $212
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,664,075 · end of year $1,662,248
-
2 · Savings and temporary cash investments
beginning of year $1,113,065 · end of year $1,336,432
-
3 · Pledges and grants receivable
beginning of year $2,673,794 · end of year $8,338,494
-
9 · Prepaid expenses and deferred charges
beginning of year $292,719 · end of year $180,693
-
10a · Land, buildings and equipment: cost or other basis
$344,434
-
10b · Land, buildings and equipment: accumulated depreciation
$309,647
-
10c · Land, buildings and equipment, net
beginning of year $27,930 · end of year $34,787
-
12 · Investments: other securities
beginning of year $5,883,529 · end of year $6,464,443
-
15 · Other assets
beginning of year $486,979 · end of year $314,550
-
17 · Accounts payable and accrued expenses
beginning of year $563,156 · end of year $520,163
-
19 · Deferred revenue
beginning of year $100,000 · end of year $29,269
-
25 · Other liabilities
beginning of year $496,621 · end of year $358,157
-
27 · Net assets without donor restrictions
beginning of year $8,407,314 · end of year $9,075,906
-
28 · Net assets with donor restrictions
beginning of year $2,575,000 · end of year $8,348,152
Mission and programs · 2024
Mission
A PUBLIC-PRIVATE PARTNERSHIP TO RETAIN, ATTRACT AND CREATE SUSTAINABLE BUSINESSES IN SIX COUNTIES.
-
THE GREATER SACRAMENTO ECONOMIC COUNCIL (GSEC) WAS HONORED AS EDO OF THE YEAR BY THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL (IEDC), WINNING THE MOST PRESTIGIOUS AWARD IN THE ECONOMIC DEVELOPMENT INDUSTRY. THIS YEAR, GSEC FURTHER EXPANDED ITS INTERNATIONAL BUSINESS ENGAGEMENT WITH A HIGH-LEVEL DELEGATION TO SOUTH KOREA, ADVANCING ITS GLOBALIZING GREATER SACRAMENTO INITIATIVE TO STRENGTHEN GLOBAL BUSINESS RECRUITMENT. THE ORGANIZATION ALSO LAUNCHED A NEW REGIONAL BRAND AND REPOSITIONED ITS OWN BRANDING, WEBSITE AND LOGO TO CELEBRATE ITS 10TH ANNIVERSARY. IN ADDITION TO THE EDO OF THE YEAR AWARD, GSEC RECEIVED NUMEROUS OTHER ACCOLADES, INCLUDING AN IEDC GOLD AWARD FOR THE REGIONAL BRAND CAMPAIGN, PLACING #3 IN REGIONAL BEST PLACES TO WORK FOR ITS SIZE CATEGORY AND THE CHIEF PERFORMANCE OFFICER NAMED A REGIONAL C-SUITE AWARD HONOREE. GSEC CONTINUES TO LEAD WITH INNOVATION AND IMPACT, SOLIDIFYING GREATER SACRAMENTO'S POSITION AS A GLOBALLY COMPETITIVE REGION.
Expenses $4,836,024 · Grants $247,000 · Revenue $160,118
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gary MayGARY MAY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mark FriedmanMARK FRIEDMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly MenzelKIMBERLY MENZEL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Faye NabhaniFAYE NABHANI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Aaron LaurelAARON LAUREL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adonai MackADONAI MACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex WicksALEX WICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alvin CheungALVIN CHEUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Azizza Davis GoinesAZIZZA DAVIS GOINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bobbie Singh-AllenBOBBIE SINGH-ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie GoreBONNIE GORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian KingBRIAN KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian TernanBRIAN TERNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian VeerkampBRIAN VEERKAMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cameron LawCAMERON LAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy RodriguezCATHY RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris EriasCHRIS ERIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chrysa DemosCHRYSA DEMOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Colleen McCain NelsonCOLLEEN MCCAIN NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dale CarlsenDALE CARLSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan FloresDAN FLORES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Danny CartwrightDANNY CARTWRIGHT
DIRECTOR (THRU 06/6/25)
- Total calculated
- $0
- Hours/week
- 1
-
Darrell SteinbergDARRELL STEINBERG
DIRECTOR (THRU 06/6/25)
- Total calculated
- $0
- Hours/week
- 1
-
Dave LucchettiDAVE LUCCHETTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave ShawDAVE SHAW
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
David RingDAVID RING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David SanderDAVID SANDER
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
David VillanuevaDAVID VILLANUEVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derrick NielloDERRICK NIELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dominique BelzaDOMINIQUE BELZA
DIRECTOR (THRU 06/6/25)
- Total calculated
- $0
- Hours/week
- 1
-
Don ClarkDON CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donald TerryDONALD TERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna BlandDONNA BLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doris MatsuiDORIS MATSUI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dwayne CrenshawDWAYNE CRENSHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric JohnsonERIC JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric StevensERIC STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Garry MaiselGARRY MAISEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary BradfordGARY BRADFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George GrinzewitschGEORGE GRINZEWITSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gloria PartidaGLORIA PARTIDA
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
Greg ConnollyGREG CONNOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg JandaGREG JANDA
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
Harry C Elliott IIIHARRY C ELLIOTT III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Holly AndreattaHOLLY ANDREATTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James BeckwithJAMES BECKWITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James WoodJAMES WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff ButlerJEFF BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff DernJEFF DERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremiah Z SmithJEREMIAH Z SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill GayaldoJILL GAYALDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John HidahlJOHN HIDAHL
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
John JacksonJOHN JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John Jackson JrJOHN JACKSON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judson RiggsJUDSON RIGGS
DIRECTOR (THRU 06/6/25)
- Total calculated
- $0
- Hours/week
- 1
-
Ken MonroeKEN MONROE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin McCartyKEVIN MCCARTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin NagleKEVIN NAGLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Krista BernasconiKRISTA BERNASCONI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyle ZimbelmanKYLE ZIMBELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyriakos TsakopoulosKYRIAKOS TSAKOPOULOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry AllbaughLARRY ALLBAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry KelleyLARRY KELLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda DeosLINDA DEOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lucas FrerichsLUCAS FRERICHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Luke WoodLUKE WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark NoriegaMARK NORIEGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary TeichertMARY TEICHERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matina KolokotronisMATINA KOLOKOTRONIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GuyetteMICHAEL GUYETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael KorpielMICHAEL KORPIEL
DIRECTOR (THRU 9/12/24)
- Total calculated
- $0
- Hours/week
- 1
-
Michael PasqualeMICHAEL PASQUALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael TeelMICHAEL TEEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul JoinerPAUL JOINER
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
Paul LauPAUL LAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachael McKinneyRACHAEL MCKINNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel DownsRACHEL DOWNS
DIRECTOR (THRU 09/12/24)
- Total calculated
- $0
- Hours/week
- 1
-
Rachel Radell-HarrisRACHEL RADELL-HARRIS
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
Rachel ZillnerRACHEL ZILLNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Regina CuellerREGINA CUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosario RodriguezROSARIO RODRIGUEZ
DIRECTOR (THRU 03/13/25)
- Total calculated
- $0
- Hours/week
- 1
-
Sabya DasSABYA DAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sadie St LawrenceSADIE ST LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandy AmaraSANDY AMARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah AquinoSARAH AQUINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sheri PeiferSHERI PEIFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Siri NelsonSIRI NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Siri PulipatiSIRI PULIPATI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen FlemingSTEPHEN FLEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve PleauSTEVE PLEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suman AkulaSUMAN AKULA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tina JohnsonTINA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom StallardTOM STALLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy CohenWENDY COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yannis AngourasYANNIS ANGOURAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barry BroomeBARRY BROOME
PRESIDENT & CEO
- Total calculated
- $959,487
- From this org
- $938,244
- From related orgs
- $0
- Other
- $21,243
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $792,163
- Bonus
- $146,081
- Other
- $0
- Deferred
- $20,700
- Nontaxable benefits
- $543
- Filer's total
- $959,487
-
Adrian TroelsADRIAN TROELS
EXECUTIVE VICE PRESIDENT
- Total calculated
- $258,962
- From this org
- $226,600
- From related orgs
- $0
- Other
- $32,362
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,400
- Bonus
- $20,600
- Other
- $3,600
- Deferred
- $13,433
- Nontaxable benefits
- $18,929
- Filer's total
- $258,962
-
Brittany JonesBRITTANY JONES
CHIEF PERFORMANCE OFFICER
- Total calculated
- $247,184
- From this org
- $218,446
- From related orgs
- $0
- Other
- $28,738
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,316
- Bonus
- $27,130
- Other
- $0
- Deferred
- $13,107
- Nontaxable benefits
- $15,631
- Filer's total
- $247,184
-
Jasmine WardJASMINE WARD
VICE PRESIDENT OF MARKETIN
- Total calculated
- $177,833
- From this org
- $153,113
- From related orgs
- $0
- Other
- $24,720
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,113
- Bonus
- $14,000
- Other
- $0
- Deferred
- $9,187
- Nontaxable benefits
- $15,533
- Filer's total
- $177,833
-
Danea ThomasDANEA THOMAS
DIRECTOR OF FINANCE & ADMI
- Total calculated
- $153,294
- From this org
- $132,550
- From related orgs
- $0
- Other
- $20,744
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,550
- Bonus
- $12,000
- Other
- $0
- Deferred
- $7,953
- Nontaxable benefits
- $12,791
- Filer's total
- $153,294
-
Lucy RobertsLUCY ROBERTS
DIRECTOR OF BUSINESS DEVELOPMENT
- Total calculated
- $124,373
- From this org
- $110,294
- From related orgs
- $0
- Other
- $14,079
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1B
- HOUSING ALLOWANCE MAY BE PROVIDED TO EMPLOYEES WHO LIVE AND REGULARLY WORK OUT OF THE GREATER SACRAMENTO AREA AS DETERMINED ON A CASE BY CASE BASIS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$200,000
DONATION
-
$10,000
SPONSORSHIP DONATION
-
DONATION
-
DONATION
-
$7,000
SPONSORSHIP DONATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600349349301315
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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