Form 990 for tax year 2024
Filed by ECONOMIC DEVELOPMENT COLLABORATIVE VENTURA COUNTY.
Totals
- Total revenue
- $8,553,742
- Total expenses
- $8,375,903
- Contributions and grants received
- $5,148,945
- Grants paid
- $0
- Program service revenue
- $3,251,935
- Investment income
- $7,444
- Other revenue
- $145,418
- Total assets, end of year
- $15,009,671
- Total liabilities, end of year
- $10,548,814
- Net assets or fund balances, end of year
- $4,460,857
- Program services expenses (Part IX)
- $8,117,761
- Management and general expenses
- $247,903
- Fundraising expenses
- $10,239
- Program service expenses (Part III)
- $8,117,761
Program services were 96.9% 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)
$4,911,145
-
1f · All other contributions, gifts and grants
$237,800
-
2a · Program service revenue: Other Program Revenue
total $194,268 · excluded $194,268
-
2b · Program service revenue: Program Revenue
total $3,057,667 · excluded $3,057,667
-
3 · Investment income
total $7,444 · related or exempt $7,444
-
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
-
8a · Fundraising events: gross income
$3,114
-
8b · Fundraising events: direct expenses
$26,883
-
8c · Net income from fundraising events
total -$23,769
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Loan Recoveries
total $612 · related or exempt $612
-
11b · Other revenue: Local Gov't Board Dues
total $79,200 · related or exempt $79,200
-
11c · Other revenue: Local Private Board Dues
total $89,375 · related or exempt $89,375
-
11e · Other revenue, total
$169,187
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 $477,141 · program services $458,739 · management and general $18,402
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,301,275 · program services $1,251,089 · management and general $50,186
-
8 · Pension plan contributions
total $47,945 · program services $45,260 · management and general $2,685
-
9 · Other employee benefits
total $172,040 · program services $162,404 · management and general $9,636
-
10 · Payroll taxes
total $133,366 · program services $125,896 · management and general $7,470
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $9,333 · program services $8,125 · management and general $1,208
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $4,566,446 · program services $4,538,387 · management and general $28,059
-
12 · Advertising and promotion
total $64,416 · program services $59,184 · management and general $974 · fundraising $4,258
-
13 · Office expenses
total $96,374 · program services $76,780 · management and general $13,823 · fundraising $5,771
-
14 · Information technology
total $33,027 · program services $30,626 · management and general $2,401
-
15 · Royalties
total $0
-
16 · Occupancy
total $151,800 · program services $124,612 · management and general $27,188
-
17 · Travel
total $66,422 · program services $58,373 · management and general $8,049
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $26,145 · program services $26,145
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $25,175 · program services $21,697 · management and general $3,478
-
24a · Other expenses: TRAINING & DEVELOPMENTBG
total $738,466 · program services $738,466
-
24b · Other expenses: IN-KIND
total $115,415 · program services $88,500 · management and general $26,915
-
24c · Other expenses: COMMUNICATIONS
total $100,363 · program services $95,301 · management and general $5,062
-
24d · Other expenses: EVENTS EXPENSE
total $64,229 · program services $61,680 · management and general $2,549
-
24e · All other expenses
total $186,525 · program services $146,497 · management and general $39,818 · fundraising $210
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,105,330 · end of year $6,001,391
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,178,999 · end of year $1,720,229
-
4 · Accounts receivable
beginning of year $413,217 · end of year $42,987
-
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
beginning of year $4,628,151 · end of year $5,552,700
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $61,180 · end of year $64,756
-
10a · Land, buildings and equipment: cost or other basis
$29,727
-
10b · Land, buildings and equipment: accumulated depreciation
$20,092
-
10c · Land, buildings and equipment, net
beginning of year $9,643 · end of year $9,635
-
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 $1,720,136 · end of year $1,617,973
-
17 · Accounts payable and accrued expenses
beginning of year $1,153,879 · end of year $810,713
-
19 · Deferred revenue
beginning of year $178,077 · end of year $206,809
-
23 · Secured mortgages and notes payable
beginning of year $6,351,440 · end of year $7,016,860
-
25 · Other liabilities
beginning of year $3,265,657 · end of year $2,514,432
-
27 · Net assets without donor restrictions
beginning of year $3,668,243 · end of year $3,933,497
-
28 · Net assets with donor restrictions
beginning of year $499,360 · end of year $527,360
Mission and programs · 2024
Mission
The EDC creates empowered business owners, connected community partners and informed civic leaders in the greater Ventura and Santa Barbara County region. Established in 1996, we are a 501(c)3 non-profit public/private partnership corporation, dedicated to growing the regions economy. Our vision is for stewarding a strong and healthy Ventura and Santa Barbara regional economy with a high quality of life and broadly shared opportunities.
Activities or mission (Part I)
To promote local economic development, administer financial and loan programs, provide assistance in the retention and development of local business, facilitate cluster development, provide technical assistance and training, operate a variety of programs to assist defense dependent industries, and serve as an administartive body for the dissemination of information pertaining to community economic development.
-
The Economic Development Collaborative-Ventura County (EDC-VC) is a public/privatepartnership that provides businesses with professional consulting, training and lending services to help business thrive and add jobs. For 2024:"Continuing to serve as fiscal agent and co-convener of Uplift Central Coast. Shaping an equitable recovery from COVID-19, this partnership draws us into dialogue with all manner of stakeholders across the Central Coast. That dialogue provides guidance to our current distribution of $9 million in state "Catalyst" grants to promote an equitable regional economic recovery. "Our Ventura County Digital Upskilling Training Program continues on two main fronts: a partnership with the Ventura County Adult Schools Consortium, for computer basics training, and a "Get Your Small Business Online" curriculum for entrepreneurs and small business owners, in collaboration with Women's Economic Ventures. This Digital Upskilling initiative is a pilot project with online replication toolkits available to other workforce and economic development training organizations."Our collaboration and participation in FATHOMWERX continues, in partnership with commands at Navy Base Ventura County, the Port of Hueneme and MatterLabs, serving as a public/private laboratory, community , and resource for technological innovation, striving to fuse small and non-traditional companies, academic institutions and other Department of Defense stakeholders together to work on the most challenging problems in miliary, port and maritime domains."Continuing partnership in support of Early Child Education, promoting a broad and stable early care ecosystem, including technical assistance and lending contributing to vibrant and competitive home-based and child care center businesses, and, especially, the highest quality care for children and support networks for working parents. Key initiatives and partnerships include the Isabella project-involving a broad coalition of partners committed to a pilot project to make highest-quality early childhood education available to 100% of 0- to 5-year-olds in the community of Santa Paula-and `the "Shared Services Alliance," a partnership with First 5 Ventura County, the County Office of Education and Child Development Resources of Ventura County."Serving as fiscal agent and managing partner of the Broadband Consortium of the Pacific Coast, in partnership with the Ventura Council of Governments developed the Ventura County Regional Broadband Initiative and Last Mile Connections Framework and continue to partner with the County of Santa Barbara for its regional plan implementation. "Finally, we continue our collaboration with the California Governor's Office of Business and Economic Development (GO-Biz):oThe GO-Biz Office of the Small Business Advocate designated EDC as an Accelerate CA: Inclusive Innovation Hub providing $1 million over four years to support technology-based firms and expanding opportunities for women and minority-owned businesses.oEDC was awarded some $900,000 to augment our federal U.S. Small Business Administration funding, helping to assure we maintain our high level of services as we recover from the pandemic.oOur lending programs and borrowers benefitted from nearly $3 million in loan guarantees from the GO-Biz Infrastructure and Economic Development Bank.oIn our role as the Ventura County Film Commission, we serve as an extension of the California Film Commission, also an office within GO-Biz.
Expenses $8,117,761
As filed on the 2024 return.
Listed in Part VII
-
Bruce StenslieBRUCE STENSLIE
President & CEO
- Total calculated
- $269,279
- From this org
- $224,058
- From related orgs
- $0
- Other
- $45,221
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,058
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $45,221
- Filer's total
- $269,279
-
Jaime S Fall
Director
- Total calculated
- $210,909
- From this org
- $182,864
- From related orgs
- $0
- Other
- $28,045
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,864
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $28,045
- Filer's total
- $210,909
-
Ray BowmanRAY BOWMAN
Director of Small Business Dev Cent
- Total calculated
- $207,862
- From this org
- $174,705
- From related orgs
- $0
- Other
- $33,157
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,705
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $33,157
- Filer's total
- $207,862
-
Kelly NobleKELLY NOBLE
Office Manager
- Total calculated
- $130,339
- From this org
- $111,764
- From related orgs
- $0
- Other
- $18,575
- Hours/week
- 40
-
Monica E Estrella
Grants/Cont. Mgr
- Total calculated
- $120,388
- From this org
- $119,360
- From related orgs
- $0
- Other
- $1,028
- Hours/week
- 40
-
Tracie A SchneiderTRACIE A SCHNEIDER
Comm Manager
- Total calculated
- $111,352
- From this org
- $103,193
- From related orgs
- $0
- Other
- $8,159
- Hours/week
- 40
-
Jim Eubanks
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristin DecasKRISTIN DECAS
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Amy FonzoAMY FONZO
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Nan DrakeNAN DRAKE
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeremy GoldbergJEREMY GOLDBERG
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Harold S EdwardsHAROLD S EDWARDS
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Henry DubroffHENRY DUBROFF
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Ursula Moran
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarah McLellandSARAH MCLELLAND
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris MeissnerCHRIS MEISSNER
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Cynthia HerreraCYNTHIA HERRERA
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter Zierhut
Sec'y/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Celina ZacariasCELINA ZACARIAS
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff Gorell
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Janice Parvin
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Bob EnglerBOB ENGLER
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Sim Tang-ParadisSIM TANG-PARADIS
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Martita Martinez-Bravo
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel GroffDANIEL GROFF
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Albert Mendez
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel Lang
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Bryan McDonald
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Misty PerezMISTY PEREZ
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim ScanlonJIM SCANLON
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Alex SchneiderALEX SCHNEIDER
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Trace StevensonTRACE STEVENSON
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Pedro Chavez
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe Schroeder
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Dee Dee CavanaughDEE DEE CAVANAUGH
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephanie CaldwellSTEPHANIE CALDWELL
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Tracy PerezTRACY PEREZ
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
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
- 3 · Written employment contract
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512909349301506
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