Form 990 for tax year 2023
Filed by COLLEGE AREA ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $595,886
- Total expenses
- $595,217
- Contributions and grants received
- $16,510
- Grants paid
- $0
- Program service revenue
- $579,206
- Investment income
- $170
- Other revenue
- $0
- Total assets, end of year
- $168,298
- Total liabilities, end of year
- $102,044
- Net assets or fund balances, end of year
- $66,254
- Program services expenses (Part IX)
- $566,067
- Management and general expenses
- $29,150
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $566,067
Program services were 95.1% 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.
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$6,510
-
1g · Noncash contributions included above
$6,510
-
2a · Program service revenue: BID CONTRACT REVENUE
total $66,197 · related or exempt $66,197
-
2b · Program service revenue: INNOVATION COWORK
total $3,113 · related or exempt $3,113
-
2c · Program service revenue: MAD CONTRACT REVENUE
total $485,185 · related or exempt $485,185
-
2d · Program service revenue: SBEP CONTRACT REVENUE
total $23,346 · related or exempt $23,346
-
2e · Program service revenue: SPONSORSHIPS & MIXERS
total $965 · related or exempt $965
-
2f · All other program service revenue
total $400 · related or exempt $400
-
3 · Investment income
total $170 · excluded $170
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $104,873 · program services $92,288 · management and general $12,585
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $9,873 · program services $8,688 · management and general $1,185
-
10 · Payroll taxes
total $8,522 · program services $7,499 · management and general $1,023
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,692 · program services $6,692
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $21,655 · program services $17,345 · management and general $4,310
-
13 · Office expenses
total $4,017 · program services $4,017
-
14 · Information technology
total $3,206 · program services $3,206
-
15 · Royalties
total $0
-
16 · Occupancy
total $5,348 · program services $1,892 · management and general $3,456
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $7,933 · program services $7,285 · management and general $648
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,310 · program services $5,310
-
24a · Other expenses: MAINTENANCE CONTRACTORS
total $376,908 · program services $376,908
-
24b · Other expenses: BANNERS
total $17,984 · program services $17,984
-
24c · Other expenses: UTILITIES
total $8,690 · program services $6,601 · management and general $2,089
-
24d · Other expenses: REPAIRS AND JANITORIAL
total $7,450 · program services $3,725 · management and general $3,725
-
24e · All other expenses
total $6,756 · program services $6,627 · management and general $129
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $22,008 · end of year $27,010
-
2 · Savings and temporary cash investments
beginning of year $72,043 · end of year $25,004
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $73,578 · end of year $115,698
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $586
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
19 · Deferred revenue
beginning of year $100,000 · end of year $100,000
-
25 · Other liabilities
beginning of year $2,044 · end of year $2,044
-
27 · Net assets without donor restrictions
beginning of year $65,585 · end of year $66,254
Mission and programs · 2023
Mission
THE COLLEGE AREA ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO PROVIDE A UNITED VOICE FOR OUR MEMEBERS AND GIVE EACH BUSINESS OWNER THE ABILITY TO FLOURISH.
-
THE ORGANIZATION RECEIVES FUNDING FROM THE CITY OF SAN DIEGO FOR MAINTENANCE AND LANDSCAPING WITHIN THE COLLEGE HEIGHTS MAINTENANCE ASSESSMENT DISTRICT. THE ORGANIZATION ALSO RECEIVES FUNDING FROM THE CITY OF SAN DIEGO TO PROMOTE ECONOMIC DEVELOPMENT AND PROMOTIONAL ACTIVITIES WITHIN THE COLLEGE AREA BUSINESS IMPROVEMENT DISTRICT. THESE ACTIVITIES ARE UNDERTAKEN TO IMPROVE THE QUALITY OF LIFE IN THE IMMEDIATE NEIGHBORHOODS.
Expenses $566,067 · Revenue $579,206
As filed on the 2023 return.
Listed in Part VII
-
Paul RussoPAUL RUSSO
President
- Total calculated
- $0
- Hours/week
- 4
-
Amir RezaiAMIR REZAI
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Tony KonjaTONY KONJA
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Daniel BoninDANIEL BONIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mykel DedmonMYKEL DEDMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Teri FeatheringillTERI FEATHERINGILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Anette FloresANETTE FLORES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dana KellyDANA KELLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rachel GreggRACHEL GREGG
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Lauren KimmonsLAUREN KIMMONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stephen KingSTEPHEN KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Will RemsbottomWILL REMSBOTTOM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Alonso NunezALONSO NUNEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Izabela SieweIZABELA SIEWE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
- 2023
- Filed
- 27 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402719349300625
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