Civic Intelligence

Sequoia Regional Economic Development Foundation

990EZ • Fiscal year 2022 • EIN 46-3623006

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileN/A
309 West Main Street STE 110Visalia, CA 93291

(559) 591-1349

Siviq Scores

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

Liabilities / Assets

97th percentile

2.00x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.24x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

3rd percentile

-360%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

5th percentile

-79%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-98%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,550

Down $5,894 (-79%) from 2021

Net Assets

Down

-$1,556

Down $9,000 (-121%) from 2021

Liabilities

$3,106

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin3rd percentile

Revenue

Down

$2,500

Down $134,650 (-98%) from 2021

Expenses

Down

$11,500

Down $107,143 (-90%) from 2021

Net Income

Down

-$9,000

Down $27,507 (-149%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$10K$5.0K$0-$5.0KAssets 2021: $7,444Net Assets 2021: $7,4442021Assets 2022: $1,550Liabilities 2022: $3,106Net Assets 2022: -$1,5562022

Highlighted filing

2022

Assets$1,550
Liabilities$3,106
Net Assets-$1,556
Open 2022 Filing

Operations Trend

Revenue Growth2nd percentile

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

$150K$100K$50K$0-$50KRevenue 2021: $137,150Expenses 2021: $118,643Net Income 2021: $18,5072021Revenue 2022: $2,500Expenses 2022: $11,500Net Income 2022: -$9,0002022

Highlighted filing

2022

Revenue$2,500
Expenses$11,500
Net Income-$9,000
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.1
Gross Receipts
$2,500
Mission and Program Overview

Mission

The specific purpose of this corporation is to provide resources and programs in economically distressed areas of Tulare County that reduce poverty, reduce blight and through investment in education and entrepreneurship programs, assist low-income and other disadvantage groups in alternative employement opportunities.

Program Services

DescriptionGrantsExpenses
Restaurant grant was created to support local restaurants by purchasing meals to go during the pandemic restrictions.-$11,500
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Airica BelisCEO-$0--
Colby WellsChairman-$0--
Scott HarnessChairman-$0--
Filing and Contact Details

Filer

Filer Name
Sequoia Regional Economic Development Foundation
EIN
46-3623006
Phone
5595911349
Address
309 West Main Street STE 110, Visalia, CA 93291

Signing Officer

Name
Airica Belis
Title
CEO
Signed
2023-05-15
Discuss with paid preparer
Yes

Preparer

Firm
MBS Accountancy Corporation
Address
2300 Tulare St STE 230, Fresno, CA 93721
Preparer
Cassidy Jakovickas
Phone
5594217033
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $6000”

Other Expenses.1

“Private Section Contribution $2500”

Other Assets.1005

“Accounts Receivable - Beginning $2894 Accounts Receivable - Ending $0”

Total Liabilities.1

“Tulare County EDC Payable - Beginning $0 Tulare County EDC Payable - Ending $3106”

Raw XML Appendix141 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Airica Belis
IRS990EZ/BooksInCareOfDetail/PhoneNum05595911349
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0309 West Main St Ste 110
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Visalia
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd093291
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04550
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01550
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt02500
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9000
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt03000
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt07444
IRS990EZ/Form990TotalAssetsGrp/EOYAmt01550
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt02500
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt07444
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-1556
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt07444
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-1556
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Airica Belis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Colby Wells
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Scott Harness
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Chairman
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02894
IRS990EZ/OtherExpensesTotalAmt08500
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The specific purpose of this corporation is to provide resources and programs in economically distressed areas of Tulare County that reduce poverty, reduce blight and through investment in education and entrepreneurship programs, assist low-income and other disadvantage groups in alternative employement opportunities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Restaurant grant was created to support local restaurants by purchasing meals to go during the pandemic restrictions.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011500
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03106
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt011500
IRS990EZ/TotalProgramServiceExpensesAmt011500
IRS990EZ/TotalRevenueAmt02500
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0137150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt030425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt036995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0207070
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0207070
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0137150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt030425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt036995
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0207070
IRS990ScheduleA/TotalSupportAmt0207070
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $6000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Private Section Contribution $2500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accounts Receivable - Beginning $2894 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Tulare County EDC Payable - Beginning $0 Tulare County EDC Payable - Ending $3106
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Airica Belis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sequoia Regional Economic Development Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SEQU
ReturnHeader/Filer/EIN0463623006
ReturnHeader/Filer/PhoneNum05595911349
ReturnHeader/Filer/USAddress/AddressLine1Txt0309 West Main Street STE 110
ReturnHeader/Filer/USAddress/CityNm0Visalia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093291
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272643735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MBS Accountancy Corporation
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02300 Tulare St STE 230
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fresno
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093721
ReturnHeader/PreparerPersonGrp/PhoneNum05594217033
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cassidy Jakovickas
ReturnHeader/ReturnTs02023-05-15T15:19:24-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Airica
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Belis
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,550
Liabilities
$3,106
Net assets
-$1,556
Revenue
$2,500
Expenses
$11,500
Net income
-$9,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.03$0.02$0.03$0.12$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.07$1.37$1.19$0.19