Civic Intelligence

East County Economic Development Co

990 • Fiscal year 2018 • EIN 33-0047997

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 27, 2018

127 East Lexington AveEl Cajon, CA 92020

(619) 258-3670

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.02x

Higher debt load relative to revenue than 36% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

50th percentile

3.8%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

84th percentile

$135,959

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

48th percentile

2.3%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

44%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$271,811

Up $6,042 (+2.3%) from 2017

Net Assets

Up

$258,878

Up $29,888 (+13%) from 2017

Liabilities

Down

$12,933

Down $23,846 (-65%) from 2017

Revenue

Up

$789,276

Up $239,424 (+44%) from 2017

Expenses

Up

$759,388

Up $327,091 (+76%) from 2017

Net Income

Down

$29,888

Down $87,667 (-75%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $621,038Liabilities 2010: $56,797Net Assets 2010: $564,2412010Assets 2014: $358,781Liabilities 2014: $36,341Net Assets 2014: $322,4402014Assets 2015: $234,735Liabilities 2015: $34,862Net Assets 2015: $199,8732015Assets 2016: $156,405Liabilities 2016: $44,970Net Assets 2016: $111,4352016Assets 2017: $265,769Liabilities 2017: $36,779Net Assets 2017: $228,9902017Assets 2018: $271,811Liabilities 2018: $12,933Net Assets 2018: $258,8782018Assets 2019: $267,757Liabilities 2019: $26,015Net Assets 2019: $241,7422019Assets 2020: $406,334Liabilities 2020: $181,101Net Assets 2020: $225,2332020Assets 2021: $487,623Liabilities 2021: $183,162Net Assets 2021: $304,4612021Assets 2022: $560,185Liabilities 2022: $256,109Net Assets 2022: $304,0762022Assets 2023: $599,984Liabilities 2023: $228,475Net Assets 2023: $371,5092023Assets 2024: $530,607Liabilities 2024: $182,595Net Assets 2024: $348,0122024Assets 2025: $718,535Liabilities 2025: $176,004Net Assets 2025: $542,5312025

Highlighted filing

2018

Assets$271,811
Liabilities$12,933
Net Assets$258,878

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $799,5112010Revenue 2014: $495,036Expenses 2014: $478,140Net Income 2014: $16,8962014Revenue 2015: $354,743Expenses 2015: $477,310Net Income 2015: -$122,5672015Revenue 2016: $336,351Expenses 2016: $424,789Net Income 2016: -$88,4382016Revenue 2017: $549,852Expenses 2017: $432,297Net Income 2017: $117,5552017Revenue 2018: $789,276Expenses 2018: $759,388Net Income 2018: $29,8882018Revenue 2019: $806,240Expenses 2019: $823,376Net Income 2019: -$17,1362019Revenue 2020: $710,904Expenses 2020: $727,413Net Income 2020: -$16,5092020Revenue 2021: $796,490Expenses 2021: $717,262Net Income 2021: $79,2282021Revenue 2022: $772,050Expenses 2022: $772,435Net Income 2022: -$3852022Revenue 2023: $8,422,937Expenses 2023: $8,355,504Net Income 2023: $67,4332023Revenue 2024: $1,538,016Expenses 2024: $1,561,513Net Income 2024: -$23,4972024Revenue 2025: $1,184,609Expenses 2025: $990,090Net Income 2025: $194,5192025

Highlighted filing

2018

Revenue$789,276
Expenses$759,388
Net Income$29,888
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 27, 2018
Return Version
2017v2.3
Gross Receipts
$789,276
Mission and Program Overview

Mission

This organization exists for the purpose of supporting, helping and promoting the business community of east san diego county. It's programs and projects all serve to retain and enhance primary employment in the east county; promote business expansion and retention; stimulate investment in the region; facilitate open dialogue among the area's business, government, and education leaders; and foster greater regional cooperation and planning to benefit the entire east county. It's membership is compsed of representatives from the business and governmental agencies of this area. All funds received are directed toward the accomplishment of the above activity. The number of organizations directly benefited was approximately 125. The number of organizations indirectly benefited is unknown, because such benefits fan out in a pyramid fashion in a way that goes beyond the record keeping of this organization. "primary industry news" is a monthly update for east county's primary industry companies

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,596$199,157▲ $163,561
Savings and Temporary Cash Investments$53,479$41,209▼ $12,270
Accounts Receivable$176,694$31,437▼ $145,257
Land, Buildings, and Equipment, Net-$8-
Total Assets$265,769$271,811▲ $6,042
Liabilities
Accounts Payable and Accrued Expenses$36,779$12,933▼ $23,846
Total Liabilities$36,779$12,933▼ $23,846
Net Assets / Fund Balance
Unrestricted Net Assets$228,990$258,878▲ $29,888
Total Net Assets Fund Balance$228,990$258,878▲ $29,888
Total Liabilities and Net Assets / Fund Balance$265,769$271,811▲ $6,042

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8$10,507$10,515
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jo Marie DiamondPresident/ceFT$135,959$135,959

Board Members and Trustees

NameTitle
Rick UrbanChairman
Bill PommeringDirector
Bryan UnderwoodDirector
Cindy MilesDirector
Dan McmillanDirector
Dana QuittnerDirector
Darren SegelDirector
Deana R VerbekeDirector
Eric LundDirector
Guy McwhirterDirector
Jennifer ReynoldsDirector
Jerry JonesDirector
Kathy KasselDirector
Kathy OlsenDirector
Odie GowardDirector
Ray MajorDirector
Roger RobertsDirector
Ronn HallDirector
Sara RamosDirector
Steve GobleDirector
John OlsenFirst Vice-c
Joe MackeyImmediate Pa
Robert PennoyerSecond Vice-
Barry JantzSecretary
Bryan ShullTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,510
Program Service Revenue
$636,296
Investment Income
$24
Other Revenue
$1,446
All Other Contributions
$74,460
Change in Net Assets
$29,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$502,226
Other Expenses$257,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$279,206
Other Expenses---$161,234
Current Officers, Directors, Trustees, and Key Employees---$150,376
Payroll Taxes---$38,274
Occupancy---$28,900
Other Employee Benefits---$26,954
Fees for Services Accounting---$15,264
Office Expenses---$14,431
Conferences and Meetings---$14,220
Travel---$8,337
Fees for Services Other---$8,149
Pension Plan Contributions---$7,416
Insurance---$4,524
Information Technology---$1,744
Depreciation Depletion---$359
Total Functional Expenses$0$0$0$759,388
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Page 6, Part VI, Line 11B

Accountant prepares a draft of the return and gives it to the governing body to review, make notations and return for corrections and completion.

Form 990, Page 6, Part VI, Line 15A

Independently determined. Salary survey conducted.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
East County Economic Development
EIN
33-0047997
Phone
6192583670
Address
127 EAST LEXINGTON AVE, EL CAJON, CA 92020

Signing Officer

Name
Jo Marie Diamond
Title
President/CEO
Phone
6192583670
Signed
2018-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jo Marie Diamond
Formed
1984
Legal Domicile
CA
Voting Board Members
26
Independent Board Members
25
Employees
11

Preparer

Firm
Wade Howard & Associates Cpas Llp
Address
1950 CORDELL CT STE 101, EL CAJON, CA 92020-0923
Preparer
Matthew Howard
Phone
6194423386
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

This organization exists for the purpose of supporting, helping and promoting the business community of east san diego county. It's programs and projects all serve to retain and enhance primary employment in the east county; promote business expansion and retention; stimulate investment in the region; facilitate open dialogue among the area's business, government, and education leaders; and foster greater regional cooperation and planning to benefit the entire east county. It's membership is compsed of representatives from the business and governmental agencies of this area. All funds received are directed toward the accomplishment of the above activity. The number of organizations directly benefited was approximately 125. The number of organizations indirectly benefited is unknown, because such benefits fan out in a pyramid fashion in a way that goes beyond the record keeping of this organization. "primary industry news" is a monthly update for east county's primary industry companies. Broadcast faxed to approximately 500 east county companies and posted on our web site.

Form 990, Page 2, Part III, Line 4D

To support, help, and promote the business community of east san diego county.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2FIRST VICE-C
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECOND VICE-
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990/MissionDesc0THIS ORGANIZATION EXISTS FOR THE PURPOSE OF SUPPORTING, HELPING AND PROMOTING THE BUSINESS COMMUNITY OF EAST SAN DIEGO COUNTY. IT'S PROGRAMS AND PROJECTS ALL SERVE TO RETAIN AND ENHANCE PRIMARY EMPLOYMENT IN THE EAST COUNTY; PROMOTE BUSINESS EXPANSION AND RETENTION; STIMULATE INVESTMENT IN THE REGION; FACILITATE OPEN DIALOGUE AMONG THE AREA'S BUSINESS, GOVERNMENT, AND EDUCATION LEADERS; AND FOSTER GREATER REGIONAL COOPERATION AND PLANNING TO BENEFIT THE ENTIRE EAST COUNTY. IT'S MEMBERSHIP IS COMPSED OF REPRESENTATIVES FROM THE BUSINESS AND GOVERNMENTAL AGENCIES OF THIS AREA. ALL FUNDS RECEIVED ARE DIRECTED TOWARD THE ACCOMPLISHMENT OF THE ABOVE ACTIVITY. THE NUMBER OF ORGANIZATIONS DIRECTLY BENEFITED WAS APPROXIMATELY 125. THE NUMBER OF ORGANIZATIONS INDIRECTLY BENEFITED IS UNKNOWN, BECAUSE SUCH BENEFITS FAN OUT IN A PYRAMID FASHION IN A WAY THAT GOES BEYOND THE RECORD KEEPING OF THIS ORGANIZATION. "PRIMARY INDUSTRY NEWS" IS A MONTHLY UPDATE FOR EAST COUNTY'S PRIMARY INDUSTRY COMPANIES
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IRS990/OfficeExpensesGrp/TotalAmt014431
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0CONTRACT EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0161234
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
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IRS990/OtherRevenueTotalAmt01446
IRS990/OtherSalariesAndWagesGrp/TotalAmt0279206
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IRS990/PayrollTaxesGrp/TotalAmt038274
IRS990/PensionPlanContributionsGrp/TotalAmt07416
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JO MARIE DIAMOND
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0636296
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0636296
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO SUPPORT, HELP, AND PROMOTE THE BUSINESS COMMUNITY OF EAST SAN DIEGO COUNTY.
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IRS990/PYContributionsGrantsAmt099950
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS ORGANIZATION EXISTS FOR THE PURPOSE OF SUPPORTING, HELPING AND PROMOTING THE BUSINESS COMMUNITY OF EAST SAN DIEGO COUNTY. IT'S PROGRAMS AND PROJECTS ALL SERVE TO RETAIN AND ENHANCE PRIMARY EMPLOYMENT IN THE EAST COUNTY; PROMOTE BUSINESS EXPANSION AND RETENTION; STIMULATE INVESTMENT IN THE REGION; FACILITATE OPEN DIALOGUE AMONG THE AREA'S BUSINESS, GOVERNMENT, AND EDUCATION LEADERS; AND FOSTER GREATER REGIONAL COOPERATION AND PLANNING TO BENEFIT THE ENTIRE EAST COUNTY. IT'S MEMBERSHIP IS COMPSED OF REPRESENTATIVES FROM THE BUSINESS AND GOVERNMENTAL AGENCIES OF THIS AREA. ALL FUNDS RECEIVED ARE DIRECTED TOWARD THE ACCOMPLISHMENT OF THE ABOVE ACTIVITY. THE NUMBER OF ORGANIZATIONS DIRECTLY BENEFITED WAS APPROXIMATELY 125. THE NUMBER OF ORGANIZATIONS INDIRECTLY BENEFITED IS UNKNOWN, BECAUSE SUCH BENEFITS FAN OUT IN A PYRAMID FASHION IN A WAY THAT GOES BEYOND THE RECORD KEEPING OF THIS ORGANIZATION. "PRIMARY INDUSTRY NEWS" IS A MONTHLY UPDATE FOR EAST COUNTY'S PRIMARY INDUSTRY COMPANIES. BROADCAST FAXED TO APPROXIMATELY 500 EAST COUNTY COMPANIES AND POSTED ON OUR WEB SITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO SUPPORT, HELP, AND PROMOTE THE BUSINESS COMMUNITY OF EAST SAN DIEGO COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTANT PREPARES A DRAFT OF THE RETURN AND GIVES IT TO THE GOVERNING BODY TO REVIEW, MAKE NOTATIONS AND RETURN FOR CORRECTIONS AND COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDEPENDENTLY DETERMINED. SALARY SURVEY CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0EAST COUNTY ECON DEV COUNCIL FNDTN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0330803460
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RESEARCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01870 CORDELL CT SUITE 202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EL CAJON
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt054000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0EAST COUNTY ECON DEV COUNCIL FNDTN
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