Form 990 for tax year 2023
Filed by ECONOMIC DEVELOPMENT COALITION.
Totals
- Total revenue
- $342,378
- Total expenses
- $340,827
- Contributions and grants received
- $297,968
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $44,410
- Total assets, end of year
- $147,647
- Total liabilities, end of year
- $23,798
- Net assets or fund balances, end of year
- $123,849
- Program services expenses (Part IX)
- $25,961
- Management and general expenses
- $314,866
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $25,961
Program services were 7.6% 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
$247,860
-
1f · All other contributions, gifts and grants
$50,108
-
8a · Fundraising events: gross income
$55,100
-
8b · Fundraising events: direct expenses
$10,690
-
8c · Net income from fundraising events
total $44,410 · excluded $44,410
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $163,886 · management and general $163,886
-
7 · Other salaries and wages
total $49,634 · management and general $49,634
-
10 · Payroll taxes
total $15,116 · management and general $15,116
-
11a · Fees: management
total $12,000 · management and general $12,000
-
11g · Fees: other
total -$2,348 · management and general -$2,348
-
12 · Advertising and promotion
total $50,159 · management and general $50,159
-
14 · Information technology
total $588 · management and general $588
-
16 · Occupancy
total $1,681 · management and general $1,681
-
17 · Travel
total $9,223 · management and general $9,223
-
19 · Conferences, conventions and meetings
total $4,101 · management and general $4,101
-
23 · Insurance
total $3,571 · management and general $3,571
-
24a · Other expenses: TRADE SHOWS
total $16,205 · program services $16,205
-
24b · Other expenses: DUES/MEMBERSHIPS
total $8,239 · program services $4,465 · management and general $3,774
-
24c · Other expenses: LODGING/MEALS
total $2,230 · program services $2,230
-
24d · Other expenses: SENIOR EXPERIENCE
total $2,000 · program services $2,000
-
24e · All other expenses
total $4,542 · program services $1,061 · management and general $3,481
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $169,381 · end of year $107,539
-
2 · Savings and temporary cash investments
end of year $40,108
-
4 · Accounts receivable
beginning of year $8,500 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $10,286 · end of year $16,830
-
25 · Other liabilities
beginning of year $45,297 · end of year $6,968
-
27 · Net assets without donor restrictions
beginning of year $122,298 · end of year $123,849
Mission and programs · 2023
Mission
TO ACTIVELY PROMOTE ECONOMIC DEVELOPMENT IN SOUTHWEST RIVERSIDE COUNTY WHILE WORKING WITH VARIOUS CITIES, THE COUNTY OF RIVERSIDE AND THE LOCAL CHAMBERS OF COMMERCE.
-
PROVIDE A CLEAR AND UNITED VOICE OF THE EDC'S ECONOMIC DEVELOPMENT EFFORTS. BE THE "ONE VOICE" ADVOCATE OF THE PUBLIC/PRIVATE SECTOR IN PURSUIT OF ECONOMIC GROWTH.
Expenses $25,961
-
ESTABLISH, PROTECT, AND REFLECT HIGH STANDARDS OF QUALITY ECONOMIC DEVELOPMENT. STIMULATE AND ASSIST BUSINESS GROWTH, EXPAND JOB OPPORTUNITIES AND ENHANCE THE COMPETITIVE POSITION OF SOUTHWEST CALIFORNIA.
-
CREATE TASK FORCES NEEDED TO CARRY OUT ESSENTIAL ECONOMIC DEVELOPMENT ACTIVITIES. PROVIDE AND CULTIVATE THE LEADERSHIP NECESSARY TO SUSTAIN THE PUBLIC/PRIVATE PARTNERSHIP.
As filed on the 2023 return.
Listed in Part VII
-
Darlene WettonDARLENE WETTON
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Armando VillaARMANDO VILLA
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Joseph TroyaJOSEPH TROYA
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Aaron AdamsAARON ADAMS
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jason SimpsonJASON SIMPSON
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Rob MoranROB MORAN
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Dan YorkDAN YORK
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jonathan Jean-MarieJONATHAN JEAN-MARIE
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Heather HolmesHEATHER HOLMES
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Don HitzemanDON HITZEMAN
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2.5
-
Roxanne RoundtreeROXANNE ROUNDTREE
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Connie StopherCONNIE STOPHER
EXECUTIVE DIRECTOR
- Total calculated
- $163,886
- From this org
- $163,886
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,614
- Bonus
- $0
- Other
- $8,272
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $163,886
-
Sammy TotahSAMMY TOTAH
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Rebecca ChristopherREBECCA CHRISTOPHER
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Cheryl Fuchigami-BostCHERYL FUCHIGAMI-BOST
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Diane StrandDIANE STRAND
EXECUTIVE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Adam EventovADAM EVENTOV
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2.5
-
Gina GonzalezGINA GONZALEZ
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2.5
-
Matthew HyattMATTHEW HYATT
2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2.5
-
Janice MrkronjicJANICE MRKRONJIC
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
Ann ShawANN SHAW
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349323066
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