Civic Intelligence

Santa Clarita Valley Economic

EIN 27-0385918 • 501(c)3 • Santa Clarita, CA

Profile

Dedicated to providing for the general social welfare of the region by encouraging business and industry to remain, locate, and develop within the santa clarita valley and to otherwise promote the orderly economic growth and common economic interests of the santa clarita valley in northern los angeles county, california.

26455 Rockwell Canyon Road Ucen 26Santa Clarita, CA 91355

www.scvedc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.02x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$151,968

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.7%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$1,139,620

Up $160,133 (+16%) from 2023

Liabilities

Down

$21,249

Down $11,204 (-35%) from 2023

Net Assets

Up

$1,118,371

Up $171,337 (+18%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin67th percentile

Revenue

Up

$1,140,835

Up $61,505 (+5.7%) from 2023

Expenses

Down

$969,498

Down $43,108 (-4.3%) from 2023

Net Income

Up

$171,337

Up $104,613 (+157%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $284,735Liabilities 2010: $0Net Assets 2010: $284,7352010Assets 2011: $375,013Liabilities 2011: $0Net Assets 2011: $375,0132011Assets 2012: $528,259Liabilities 2012: $200,000Net Assets 2012: $328,2592012Assets 2013: $668,008Liabilities 2013: $200,285Net Assets 2013: $467,7232013Assets 2014: $774,408Liabilities 2014: $200,093Net Assets 2014: $574,3152014Assets 2015: $914,054Liabilities 2015: $198,643Net Assets 2015: $715,4112015Assets 2016: $962,791Liabilities 2016: $197,974Net Assets 2016: $764,8172016Assets 2017: $1,023,044Liabilities 2017: $160,015Net Assets 2017: $863,0292017Assets 2018: $1,089,181Liabilities 2018: $77,181Net Assets 2018: $1,012,0002018Assets 2019: $947,206Liabilities 2019: $90,005Net Assets 2019: $857,2012019Assets 2020: $860,680Liabilities 2020: $127,979Net Assets 2020: $732,7012020Assets 2021: $937,048Liabilities 2021: $153,328Net Assets 2021: $783,7202021Assets 2022: $1,045,993Liabilities 2022: $165,683Net Assets 2022: $880,3102022Assets 2023: $979,487Liabilities 2023: $32,453Net Assets 2023: $947,0342023Assets 2024: $1,139,620Liabilities 2024: $21,249Net Assets 2024: $1,118,3712024

Highlighted filing

2024

Assets$1,139,620
Liabilities$21,249
Net Assets$1,118,371
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $310,3902010Expenses 2011: $530,3532011Expenses 2012: $691,6752012Revenue 2013: $758,287Expenses 2013: $618,823Net Income 2013: $139,4642013Revenue 2014: $804,467Expenses 2014: $697,875Net Income 2014: $106,5922014Revenue 2015: $866,168Expenses 2015: $725,072Net Income 2015: $141,0962015Revenue 2016: $917,108Expenses 2016: $867,702Net Income 2016: $49,4062016Revenue 2017: $1,014,354Expenses 2017: $916,142Net Income 2017: $98,2122017Revenue 2018: $1,076,593Expenses 2018: $927,622Net Income 2018: $148,9712018Revenue 2019: $754,850Expenses 2019: $909,649Net Income 2019: -$154,7992019Revenue 2020: $842,148Expenses 2020: $966,648Net Income 2020: -$124,5002020Revenue 2021: $960,531Expenses 2021: $909,512Net Income 2021: $51,0192021Revenue 2022: $976,784Expenses 2022: $880,194Net Income 2022: $96,5902022Revenue 2023: $1,079,330Expenses 2023: $1,012,606Net Income 2023: $66,7242023Revenue 2024: $1,140,835Expenses 2024: $969,498Net Income 2024: $171,3372024

Highlighted filing

2024

Revenue$1,140,835
Expenses$969,498
Net Income$171,337
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,139,620
Liabilities
$21,249
Net assets
$1,118,371
Revenue
$1,140,835
Expenses
$969,498
Net income
$171,337
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.12$1.14$0.97$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.03$0.95$1.08$1.01$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.17$0.88$0.98$0.88$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.15$0.78$0.96$0.91$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.13$0.73$0.84$0.97$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.09$0.86$0.75$0.91$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.08$1.01$1.08$0.93$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.02$0.16$0.86$1.01$0.92$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.20$0.76$0.92$0.87$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.20$0.72$0.87$0.73$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.20$0.57$0.80$0.70$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.67$0.20$0.47$0.76$0.62$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.20$0.33$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$1,140,835
Mission and Program Overview

Mission

Dedicated to providing for the general social welfare of the region by encouraging business and industry to remain, locate and develop within the santa clarita valley and to otherwise promote the orderly economic growth and common economic interests of the santa clarita valley in northern los angeles county, california.

To support the creation of high paying jobs for our trained workforce and raise the profile of the santa clarita valley through business retention, business attraction, marketing, and data.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$947,034$1,118,371▲ $171,337
Savings and Temporary Cash Investments$708,341$811,773▲ $103,432
Cash and Non-Interest-Bearing Accounts$271,015$327,847▲ $56,832
Investments in Publicly Traded Securities$131$0▼ $131
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$979,487$1,139,620▲ $160,133
Liabilities
Other Liabilities$32,453$21,249▼ $11,204
Total Liabilities$32,453$21,249▼ $11,204
Net Assets / Fund Balance
Total Net Assets Fund Balance$947,034$1,118,371▲ $171,337
Total Liabilities and Net Assets / Fund Balance$979,487$1,139,620▲ $160,133

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$36,623$36,623
Equipment$0$9,733$9,733
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ondre SeltzerPresidentFT$135,101$16,867$151,968
Jey WagnerPresidentFT$114,160$25,350$139,510

Board Members and Trustees

NameTitle
Donald L KimballCo-chair/secretary
Calvin HedmanCo-chairman of the Board/c
John ShafferyCo-director
Adam BrowningDirector
Adel VillalobosDirector
Ana FonsecaDirector
Brian KiteDirector
Cal NaullsDirector
Craig MccraryDirector
Craig PetersDirector
Dale DonohoeDirector
Daniel FainaDirector
David MolnarDirector
David RendallDirector
Dennis VernerDirector
Don FlemingDirector
Evan FaucetteDirector
Gary HortonDirector
Gary SaengerDirector
Henry RodriguezDirector
Jason BeamanDirector
Jay SchutzDirector
Jeff HarrisDirector
Jeff WeberDirector
Jeremy StepanDirector
Jey LaceyDirector
Jim BackerDirector
Jim TannerDirector
John BeckDirector
John PrabhuDirector
John VanceDirector
Ken StriplinDirector
Kevin KlokengaDirector
Marcie WashburnDirector
Maria HigginsDirector
Marisol EspinozaDirector
Matt DierkmanDirector
Matthew ShepherdDirector
Michael DelorenzoDirector
Michael PerlmutterDirector
Mike AlfredDirector
Mitzi LikeDirector
Nate PatenaDirector
Neal WeichelDirector
Nick JacobyDirector
Philip TsuiDirector
Ravi S RajanDirector
Stephanie EnglishDirector
Stephanie WallaceDirector
Steve CassuloDirector
Tamara GurneyDirector
Thomas DiprimaDirector
Trevor MorrisDirector
William SloanDirector
Dianne Van HookSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$930,640
Program Service Revenue
$175,352
Investment Income
$34,843
Other Revenue
$0
All Other Contributions
$440,640
Change in Net Assets
$171,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$535,248
Other Expenses$434,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$251,761--$251,761
Other Salaries and Wages$181,351--$181,351
Fees for Services Other$167,088--$167,088
Other Employee Benefits$49,254$19,154-$68,408
Payroll Taxes$24,284$9,444-$33,728
Occupancy$15,759$6,129-$21,888
All Other Expenses$6,606$14,422-$21,028
Insurance$9,120$3,546-$12,666
Office Expenses$9,034$3,514-$12,548
Other Expenses$32,569$10,126-$10,126
Conferences and Meetings-$9,654-$9,654
Information Technology-$3,409-$3,409
Travel-$3,331-$3,331
Total Functional Expenses$872,849$96,649$0$969,498
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Job Creation Grant Liability$21,249
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Designated members of the executive board review the tax return prior to its filing with the internal revenue service. A copy was sent to all board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy”

Form 990, Part VI, Section B, Line 15A

“The process for determining the compensation of the executive director was researched and determined by a sub-panel committee of the executive committee. The salary was determined by gathering information from various economic development companies whose cities are like size as compared with the city of santa clarita, with an emphasis on economic development companies in california. The executive committee ratified the recommendations of the sub-panel committee for the salary of the executive director.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Santa Clarita Valley Economic
EIN
27-0385918
Phone
6612884400
Address
26455 ROCKWELL CANYON ROAD UCEN 26, SANTA CLARITA, CA 91355

Signing Officer

Name
Ondre Seltzer
Title
President
Phone
6612884400
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ondre Seltzer
Formed
2009
Legal Domicile
CA
Voting Board Members
47
Independent Board Members
47
Employees
5
Volunteers
0

Preparer

Firm
Hedman Partners Llp
Address
27441 TOURNEY ROAD SUITE 200, VALENCIA, CA 91355
Preparer
Mariana Orozco
Phone
6612876333
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Marketing/promotion: program service expenses 167,088. Management and general expenses 0. Fundraising expenses 0. Total expenses 167,088.”

Raw XML AppendixShowing 400 of 785 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm15DONALD L KIMBALL
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