Civic Intelligence

San Pablo Economic Development Corporation Inc.

990 • Fiscal year 2015 • EIN 27-5395012

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 28, 2016

13830 San Pablo AvenueSan Pablo, CA 94806

(510) 215-3203

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

7.86x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

96th percentile

74%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

390%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$19,497,631

Up $8,322,973 (+74%) from 2014

Net Assets

Up

$1,852,856

Up $1,089,782 (+143%) from 2014

Liabilities

Up

$17,644,775

Up $7,233,191 (+69%) from 2014

Revenue

Up

$2,244,678

Up $1,786,812 (+390%) from 2014

Expenses

Up

$1,154,896

Up $547,900 (+90%) from 2014

Net Income

Up

$1,089,782

Up $1,238,912 (+831%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2014: $11,174,658Liabilities 2014: $10,411,584Net Assets 2014: $763,0742014Assets 2015: $19,497,631Liabilities 2015: $17,644,775Net Assets 2015: $1,852,8562015Assets 2016: $18,325,105Liabilities 2016: $16,922,316Net Assets 2016: $1,402,7892016Assets 2017: $17,677,244Liabilities 2017: $16,910,107Net Assets 2017: $767,1372017Assets 2018: $17,019,641Liabilities 2018: $16,832,360Net Assets 2018: $187,2812018Assets 2020: $9,889,478Liabilities 2020: $9,043,459Net Assets 2020: $846,0192020Assets 2021: $9,766,150Liabilities 2021: $8,863,089Net Assets 2021: $903,0612021Assets 2022: $3,837,713Liabilities 2022: $1,364,551Net Assets 2022: $2,473,1622022Assets 2025: $4,823,107Liabilities 2025: $1,654,139Net Assets 2025: $3,168,9682025

Highlighted filing

2015

Assets$19,497,631
Liabilities$17,644,775
Net Assets$1,852,856

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2014: $457,866Expenses 2014: $606,996Net Income 2014: -$149,1302014Revenue 2015: $2,244,678Expenses 2015: $1,154,896Net Income 2015: $1,089,7822015Revenue 2016: $1,108,493Expenses 2016: $1,558,560Net Income 2016: -$450,0672016Revenue 2017: $1,137,556Expenses 2017: $1,773,208Net Income 2017: -$635,6522017Revenue 2018: $1,194,163Expenses 2018: $1,774,019Net Income 2018: -$579,8562018Revenue 2020: $3,039,004Expenses 2020: $1,776,594Net Income 2020: $1,262,4102020Revenue 2021: $1,547,884Expenses 2021: $1,490,842Net Income 2021: $57,0422021Revenue 2022: $3,639,773Expenses 2022: $2,069,672Net Income 2022: $1,570,1012022Revenue 2025: $1,665,011Expenses 2025: $1,554,883Net Income 2025: $110,1282025

Highlighted filing

2015

Revenue$2,244,678
Expenses$1,154,896
Net Income$1,089,782
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 28, 2016
Return Version
2014v6.0
Gross Receipts
$2,244,678
Mission and Program Overview

Mission

The san pablo economic development corporation, inc. (edc) is dedicated to creating economic opportunity through education, partnership and collaboration. The edc is created to stabilize, diversify and develop the local economy through education and training of the community's workforce and businesses.

The san pablo economic development corporation, inc. (edc) is dedicated to the creation of economic opportunity through education, training, partnership, and collaboration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,772,881$10,379,430▲ $1,606,549
Savings and Temporary Cash Investments$2,391,848$3,038,711▲ $646,863
Prepaid Expenses and Deferred Charges$9,130$0▼ $9,130
Accounts Receivable$799$0▼ $799
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,174,658$19,497,631▲ $8,322,973
Other Assets Total-$6,079,490-
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,306,000$16,806,000▲ $7,500,000
Accounts Payable and Accrued Expenses$605,584$838,775▲ $233,191
Deferred Revenue$500,000--
Total Liabilities$10,411,584$17,644,775▲ $7,233,191
Net Assets / Fund Balance
Temporarily Rstr Net Assets$320,715$1,055,405▲ $734,690
Unrestricted Net Assets$442,359$797,451▲ $355,092
Total Net Assets Fund Balance$763,074$1,852,856▲ $1,089,782
Total Liabilities and Net Assets / Fund Balance$11,174,658$19,497,631▲ $8,322,973

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,364,410-$8,364,410
Land$1,835,000-$1,835,000
Other Land Buildings$174,711$270,597$445,308
Equipment$5,309$7,965$13,274
Other Assets Org$6,079,490--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,412,636
Program Service Revenue
$746,946
Investment Income
$85,096
Other Revenue
$0
All Other Contributions
$6,406
Change in Net Assets
$1,089,782

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,244,678
Total Revenue per Audited Statements
$2,244,678
Total Revenue per Form 990
$2,244,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$834,184
Salaries, Compensation, and Employee Benefits$312,712
Grants and Similar Amounts Paid$8,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$273,253-$273,253
Other Salaries and Wages$258,469--$258,469
Interest-$126,564-$126,564
Occupancy-$71,515-$71,515
Other Employee Benefits$31,389--$31,389
Payroll Taxes$22,854--$22,854
Insurance$2,845$19,126-$21,971
Grants to Domestic Orgs$8,000--$8,000
Travel-$6,510-$6,510
Fees for Services Accounting-$3,898-$3,898
Other Expenses-$3,183-$3,183
Fees for Services Other-$75-$75
Total Functional Expenses$323,557$831,339$0$1,154,896

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,154,896
Total Expenses per Audited Statements$1,154,896
Total Expenses per Form 990$1,154,896
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Line 11B: Form 990 Review Process

The vice chair reviews the form 990 for accuracy and completeness, signs and files the return on behalf of the governing board. Copies of the form 990 are provided to each board member for review and discussion at the next scheduled board meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members file fppc form 700 statement of economic interest.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing documents, policies, financial statements and information returns are available by submitting a request in writing to the corporation.

Filing and Contact Details

Filer

Filer Name
San Pablo Economic Development
EIN
27-5395012
Phone
5102153203
Address
13830 SAN PABLO AVENUE, SAN PABLO, CA 94806

Signing Officer

Name
Kathy Chao Rothberg
Title
Vice Chair
Signed
2016-03-28
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
3

Preparer

Firm
Maze & Associates
Address
3478 BUSKIRK AVE STE 215, PLEASANT HILL, CA 94523-4346
Preparer
Vikki C Rodriguez
Phone
9259300902
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02391848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03038711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0356406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0356248
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01114844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0300000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03184554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05312052
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt085096
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt061328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031783
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06576
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0184783
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01761331
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0780
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01762111
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73180
IRS990ScheduleA/PublicSupportTotal170Amt05312052
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0356406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0356248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01114844
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0300000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03184554
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05312052
IRS990ScheduleA/TotalSupportAmt07258946
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08364410
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08364410
IRS990ScheduleD/EquipmentGrp/BookValueAmt05309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07965
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013274
IRS990ScheduleD/ExpensesSubtotalAmt01154896
IRS990ScheduleD/LandGrp/BookValueAmt01835000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01835000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06079490
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0174711
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0270597
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0445308
IRS990ScheduleD/RevenueSubtotalAmt02244678
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010379430
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06079490
IRS990ScheduleD/TotalExpensesPerForm990Amt01154896
IRS990ScheduleD/TotalRevenuePerForm990Amt02244678
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02244678
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01154896
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VICE CHAIR REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS, SIGNS AND FILES THE RETURN ON BEHALF OF THE GOVERNING BOARD. COPIES OF THE FORM 990 ARE PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND DISCUSSION AT THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS FILE FPPC FORM 700 STATEMENT OF ECONOMIC INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND INFORMATION RETURNS ARE AVAILABLE BY SUBMITTING A REQUEST IN WRITING TO THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SAN PABLO ECONOMIC DEVELOPMENT CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0HEALTHY EATING AND ACTIVE LIVING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0800821334
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt09320786
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOLDING TITLE TO PROPERTY FOR SAN PABLO ECON. DEV. CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt013830 SAN PABLO AVENUE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0SAN PABLO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd094806
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF SAN PABLO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MUNICIPAL SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt013831 SAN PABLO AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN PABLO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094806
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01056230
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt185000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF SAN PABLO
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CITY OF SAN PABLO
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1j
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0320715
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01055405
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011174658
IRS990/TotalAssetsEOYAmt019497631
IRS990/TotalAssetsGrp/BOYAmt011174658
IRS990/TotalAssetsGrp/EOYAmt019497631
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01412636
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0831339
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0323557
IRS990/TotalFunctionalExpensesGrp/TotalAmt01154896

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