Form 990 for tax year 2022
Filed by SAN DIEGO REGIONAL ECONOMIC DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $553,000
- Total expenses
- $662,199
- Contributions and grants received
- $553,000
- Grants paid
- $97,375
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $404,319
- Total liabilities, end of year
- $22,178
- Net assets or fund balances, end of year
- $382,141
- Program services expenses (Part IX)
- $525,806
- Management and general expenses
- $136,393
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $525,806
Program services were 79.4% 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
$553,000
-
3 · Investment income
total $0
-
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 $97,375 · program services $97,375
-
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 $2,165 · management and general $2,165
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $261 · management and general $261
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $53,683 · management and general $53,683
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $16 · management and general $16
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $565 · management and general $565
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $3,282 · program services $2,557 · management and general $725
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: OUTSIDE SERVICE
total $493,330 · program services $416,648 · management and general $76,682
-
24b · Other expenses: WEB COMMUNICATION
total $11,007 · program services $9,226 · management and general $1,781
-
24c · Other expenses: TAXES AND LICENSES
total $515 · management and general $515
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $703,157 · end of year $384,444
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $2,000 · end of year $0
-
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
beginning of year $28,192 · end of year $19,875
-
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
-
17 · Accounts payable and accrued expenses
beginning of year $190,116 · end of year $1,000
-
25 · Other liabilities
beginning of year $51,893 · end of year $21,178
-
27 · Net assets without donor restrictions
beginning of year $192,040 · end of year $40,641
-
28 · Net assets with donor restrictions
beginning of year $299,300 · end of year $341,500
Mission and programs · 2022
Mission
To support and cultivate sustainable employment opportunities for San Diego County residents contributing to a prosperous local economy.
Activities or mission (Part I)
San Diego Regional Economic Development Foundation's mission is to support and cultivate sustainable employment opportunities for San Diego County residents contributing to a prosperous local economy.
-
Advancing San DiegoThe Foundation created this program as a collaborative effort to better prepare San Diegans for quality jobs via locally serving education institutions and expand access to diverse, qualified talent for San Diego companies. Advancing San Diego is helping the region meet its inclusive growth goals by strengthening relationships between local industry and education systems. Better alignment between these systems will mean that the region can collectively prepare San Diegans for high-demand jobs, and local employers many of which are small companies can establish or expand recruitment relationships with locally serving.
Expenses $227,180
-
SAN DIEGO BUSINESS HUBSan Diego Business Hub is a program tailored for small, service-based businesses to receive a full suite of digital tools, free-of-charge. Reserved for minority, women, veteran and other economically under-resourced business owners, these digital tools are provided to allow small businesses to pivot online, run more efficiently, and improve overall resiliency during an economic downturn.
Expenses $97,375
-
San Diego Research CollaboratoryCreation of Research Collaboratory to analyze the infrastructure development projects and how they will change the San Diego Region in the next decade. Evaluation of key proposed developments against the demands in the region's inclusive growth strategy. The Research Collaboratory will provide recomendations aimed to accelerate quality job growth and the formation of thriving households through future workforce development, job creation, and land use policies.
Expenses $82,500
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sierra SpitzerSIERRA SPITZER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Tana LorahTANA LORAH
Chairwoman
- Total calculated
- $0
- Hours/week
- 0.5
-
Jacquie FurtadoJACQUIE FURTADO
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Diana PuetzDIANA PUETZ
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Adolfo VenturaADOLFO VENTURA
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer StormJENNIFER STORM
Executive Dir.
- Total calculated
- $0
- Hours/week
- 20
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.
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.
-
SAN DIEGO REGIONAL DEVLPMT CORPORATION
501(c)(6) · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431359349308028
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