Totals
- Total revenue
- $96,041
- Total expenses
- $147,972
- Contributions and grants received
- $93,455
- Grants paid
- $20,500
- Program service revenue
- $975
- Investment income
- $1
- Other revenue
- $1,610
- Total assets, end of year
- $1,597,987
- Total liabilities, end of year
- $1,572,314
- Net assets or fund balances, end of year
- $25,673
- Program services expenses (Part IX)
- $111,682
- Management and general expenses
- $31,344
- Fundraising expenses
- $4,946
- Program service expenses (Part III)
- $111,682
Program services were 75.5% 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)
$74,000
-
1f · All other contributions, gifts and grants
$19,455
-
2a · Program service revenue: Innovation Month Fees
total $975 · related or exempt $975
-
3 · Investment income
total $1 · excluded $1
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $1,610
-
6c · Rental income or loss
real property $1,610
-
6d · Net rental income or loss
total $1,610 · excluded $1,610
-
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 $20,500 · program services $20,500
-
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 $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $25,000 · management and general $25,000
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $2,475 · management and general $2,475
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $7,950 · program services $7,950
-
12 · Advertising and promotion
total $4,608 · fundraising $4,608
-
13 · Office expenses
total $727 · management and general $727
-
14 · Information technology
total $9,357 · program services $9,357
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $851 · program services $851
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $53,024 · program services $53,024
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $888 · management and general $888
-
24a · Other expenses: Dues & Subscriptions
total $20,714 · program services $20,000 · management and general $714
-
24b · Other expenses: Meals
total $1,140 · management and general $1,140
-
24c · Other expenses: Bank Charges and Fees
total $400 · management and general $400
-
24d · Other expenses: Printing and Publications
total $338 · fundraising $338
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $77,326 · end of year $1,579,510
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $6,277
-
4 · Accounts receivable
end of year $12,200
-
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 $0
-
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
beginning of year $278 · end of year $0
-
17 · Accounts payable and accrued expenses
end of year $4,262
-
19 · Deferred revenue
end of year $1,548,000
-
21 · Escrow or custodial account liability
end of year $20,052
-
27 · Net assets without donor restrictions
beginning of year $77,604 · end of year $25,673
Mission and programs · 2023
Mission
Impact SWRC focuses on education, economic development, innovation, community and veteran & military affairs, and aims to make a difference by collaboration and bringing resources, programs and education to our region.
-
General economic development of the local community through education and awarenness of businesses.
Expenses $55,658
-
Coordinated innovation month program, including the Evening of Innovation conference, to provide a platform to showcase and educate the public on the newest technologies in the community.
Expenses $29,491 · Grants $20,500 · Revenue $975
-
The Organization attended the International Council of Shopping Centers (ICSC) in Las Vegas, which is an annual event that brings together industry experts and dealmakers to drive innovation and evolution in the marketplaces industry. The goal of ICSC events is to provide a welcoming atmosphere for professionals to: Connect with peersConduct businessContribute to Community Economic Development
Expenses $14,081
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patrick Ellis
CEO
- Total calculated
- $220,846
- From this org
- $0
- From related orgs
- $191,379
- Other
- $29,467
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $160,775 related
- Bonus
- not reported + $22,204 related
- Other
- not reported + $8,400 related
- Deferred
- not reported + $4,748 related
- Nontaxable benefits
- not reported + $24,719 related
- Filer's total
- not reported + $220,846 related
-
Daneen Ashworth
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Michael Klein
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Derric Gonzalez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sandy Word
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jay Diallo
Chairman
- Total calculated
- $0
- Hours/week
- 1
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
- 6b · Pay contingent on a related organization's net earnings
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 6b: Explanation of organization compensation contingent on net earnings from related or
- The CEO is compensated by Murrieta Chamber of Commerce, a related organization. The CEO bonus program of the related organization outlines specific net revenue growth metrics which, if met,increases the fixed bonus amount as a percentage of total annual base compensation from the prior year.
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
-
Sulfuron
$12,000
Economic Development
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.
-
501 (c) (6) · Promotion of business and econcomic dev · CA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530239349301603
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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