Form 990 for tax year 2023
Filed by SAN DIEGO REGIONAL ECONOMIC DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $800,917
- Total expenses
- $674,767
- Contributions and grants received
- $800,917
- Grants paid
- $36,475
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $580,803
- Total liabilities, end of year
- $72,512
- Net assets or fund balances, end of year
- $508,291
- Program services expenses (Part IX)
- $619,567
- Management and general expenses
- $55,200
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $619,567
Program services were 91.8% 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.
-
1c · Fundraising events
$417
-
1f · All other contributions, gifts and grants
$800,500
-
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 $36,475 · program services $36,475
-
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 $14,401 · program services $14,401
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $1,737 · program services $1,652 · management and general $85
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $25,121 · management and general $25,121
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $13 · management and general $13
-
12 · Advertising and promotion
total $6,931 · program services $49 · management and general $6,882
-
13 · Office expenses
total $4,592 · program services $4,198 · management and general $394
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $9,869 · program services $9,529 · management and general $340
-
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 $3,141 · program services $111 · management and general $3,030
-
24a · Other expenses: OUTSIDE SERVICE
total $561,499 · program services $543,499 · management and general $18,000
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $10,388 · program services $9,653 · management and general $735
-
24c · Other expenses: TAXES AND LICENSES
total $600 · management and general $600
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $384,444 · end of year $576,118
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
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 $19,875 · end of year $4,685
-
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 $1,000 · end of year $70,649
-
25 · Other liabilities
beginning of year $21,178 · end of year $1,863
-
27 · Net assets without donor restrictions
beginning of year $40,641 · end of year $25,322
-
28 · Net assets with donor restrictions
beginning of year $341,500 · end of year $482,969
Mission and programs · 2023
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.
-
Talent & WorkforceThe 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 $433,192
-
San Diego Investment MapCreation of Investment Map to support inclusive economic growth across the region. It is a key component of EDCs 2030 Inclusive Growth framework, particularly aimed at advancing the Thriving Households goal by informing strategic decisions in housing, childcare, and corporate site selection. The map integrates a variety of datasets into user-friendly dashboards, allowing stakeholders to explore San Diego County through different lenses. These dashboards include data and analyses on income distribution, worker concentrations, housing, childcare, and site selection.
Expenses $90,000
-
Inclusive Economic DevelopmentThe Foundation supports programs and initiatives which impact the region's ability to sustain job growth for residents in high-demand jobs. Projects including, overseeing research projects that identify areas for potential job growth and identify risk factors among certain sectors within the region's economy; outreach to businesses in the high technology sectors, with an emphasis on small and medium sized businesses and provide services to support their growth and development in the region; and stewarding the regional Inclusive Growth Strategy to make San Diego more affordable and competitive for all San Diego.
Expenses $60,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Pamela GabrielPAMELA GABRIEL
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Tana LorahTANA LORAH
Chairwoman
- Total calculated
- $0
- Hours/week
- 2
-
Jacquie FurtadoJACQUIE FURTADO
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim McDougalKIM MCDOUGAL
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 + 20 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.
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
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531349349311673
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