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Nonprofiteer
← SAN DIEGO REGION SMALL BUSINESS DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SAN DIEGO REGION SMALL BUSINESS DEVELOPMENT CORPORATION.

Totals

Total revenue
$31,369
Total expenses
$46,155
Contributions and grants received
$30,000
Grants paid
$0
Program service revenue
$0
Investment income
$369
Other revenue
$1,000
Total assets, end of year
$1,908,554
Total liabilities, end of year
$98,688
Net assets or fund balances, end of year
$1,809,866
Program services expenses (Part IX)
$31,533
Management and general expenses
$14,622
Fundraising expenses
$0
Program service expenses (Part III)
$31,533

Program services were 68.3% 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.

  • 1f · All other contributions, gifts and grants

    $30,000

  • 3 · Investment income

    total $369 · excluded $369

  • 11a · Other revenue: OTHER INCOME

    total $1,000 · related or exempt $1,000

  • 11e · Other revenue, total

    $1,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $14,622 · management and general $14,622

  • 11g · Fees: other

    total $30,000 · program services $30,000

  • 24a · Other expenses: TAXES, LICENSES, & FEES

    total $1,533 · program services $1,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,067 · end of year $57,667

  • 12 · Investments: other securities

    beginning of year $1,850,887 · end of year $1,850,887

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $15,000

  • 25 · Other liabilities

    beginning of year $83,302 · end of year $83,688

  • 27 · Net assets without donor restrictions

    beginning of year $1,824,652 · end of year $1,809,866

Mission and programs · 2023

Mission

TO PROMOTE ECONOMIC DEVELOPMENT OF SMALL BUSINESS IN SAN DIEGO, CALIFORNIA.

Activities or mission (Part I)

TO PROMOTE ECONOMIC DEVELOPMENT OF SMALL BUSINESS IN SAN DIEGO.

  • TO PROMOTE ECONOMIC DEVELOPMENT OF SMALL BUSINESS BY MAKING AVAILABLE MANAGEMENT ASSISTANCE AND OTHER RESOURCES TO PROMOTE HEALTH, SAFETY AND SOCIAL WELFARE OF THE CITIZENS OF CALIFORNIA. TO ELIMINATE UNEMPLOYMENT OF THE ECONOMICALLY DISADVANTAGED OF THE STATE, AND TO STIMULATE ECONOMIC DEVELOPMENT, EMPLOYMENT, MINORITY GROUP AND DISABLED PERSONS ENTREPRENEURSHIP.

    Expenses $31,533 · Revenue $31,369

As filed on the 2023 return.

Listed in Part VII

  • Ellis Carr

    DIRECTOR

    Total calculated
    $901,772
    From this org
    $0
    From related orgs
    $862,564
    Other
    $39,208
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $862,564 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,208 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $901,772 related

  • Tyler Orion

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    1

  • Frank Robinson

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    1

  • Monte Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natalie Gunn

    CHIEF FINANCIAL OFFICER

    Total calculated
    $503,847
    From this org
    $0
    From related orgs
    $440,449
    Other
    $63,398
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,449 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,114 related
    Nontaxable benefits
    $0 + $24,284 related
    Filer's total
    $0 + $503,847 related

  • Robert Villarreal

    PRESIDENT/EVP

    Total calculated
    $284,719
    From this org
    $0
    From related orgs
    $256,125
    Other
    $28,594
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,126 related
    Bonus
    $0 + $62,199 related
    Other
    $0 + $1,800 related
    Deferred
    $0 + $22,385 related
    Nontaxable benefits
    $0 + $6,209 related
    Filer's total
    $0 + $284,719 related

  • Brian McEvoy

    SECRETARY

    Total calculated
    $442,232
    From this org
    $0
    From related orgs
    $360,194
    Other
    $82,038
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,194 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,590 related
    Nontaxable benefits
    $0 + $52,448 related
    Filer's total
    $0 + $442,232 related

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
  • 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)

990 SCHEDULE J
THE ORGANIZATION RELIES ON THE RELATED ORGANIZATION FOR COMPENSATION POLICIES.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BANKERS SMALL BUSINESS COMMUNITY DEVELOPMENT CORPORATION OF CALIFORNIA

    C · FINANCE · CA

  • CDC VENTURES

    C · SOFTWARE · CA

  • CDC DIRECT CAPITAL

    C · COMMERCIAL FINANCE · CA

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202442709349301654

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