Civic Intelligence

Gilroy Economic Development Corporation

EIN 77-0429693 • 501(c)3 • Gilroy, CA

Profile

To promote economic development in the city of gilroy, and assist local businesses and government agencies in the area of economic development.

7471 Monterey RoadGilroy, CA 95020

gilroyedc.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

14th percentile

-80%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$6,129

Down $24,164 (-80%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$6,129

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $715 (-100%) from 2024

Expenses

Down

$24,164

Down $66,221 (-73%) from 2024

Net Income

Up

-$24,164

Up $65,506 (+73%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

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

$600K$400K$200K$0Assets 2011: $141,803Liabilities 2011: $9,620Net Assets 2011: $132,1832011Assets 2012: $232,551Liabilities 2012: $6,374Net Assets 2012: $226,1772012Assets 2013: $283,659Liabilities 2013: $4,147Net Assets 2013: $279,5122013Assets 2014: $327,339Liabilities 2014: $4,825Net Assets 2014: $322,5142014Assets 2015: $341,727Liabilities 2015: $7,566Net Assets 2015: $334,1612015Assets 2016: $344,327Liabilities 2016: $8,784Net Assets 2016: $335,5432016Assets 2017: $380,853Liabilities 2017: $12,415Net Assets 2017: $368,4382017Assets 2018: $436,547Liabilities 2018: $11,643Net Assets 2018: $424,9042018Assets 2019: $445,847Liabilities 2019: $2,279Net Assets 2019: $443,5682019Assets 2020: $318,695Liabilities 2020: $2,678Net Assets 2020: $316,0172020Assets 2021: $259,567Liabilities 2021: $113Net Assets 2021: $259,4542021Assets 2022: $190,834Liabilities 2022: $28Net Assets 2022: $190,8062022Assets 2023: $119,991Liabilities 2023: $28Net Assets 2023: $119,9632023Assets 2024: $30,293Liabilities 2024: $02024Assets 2025: $6,129Net Assets 2025: $6,1292025

Highlighted filing

2025

Assets$6,129
Liabilities-
Net Assets$6,129
Open 2025 Filing

Operations Trend

Revenue Growth3rd percentile

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

$400K$200K$0-$200KRevenue 2011: $189,120Expenses 2011: $160,548Net Income 2011: $28,5722011Revenue 2012: $270,227Expenses 2012: $176,233Net Income 2012: $93,9942012Revenue 2013: $247,353Expenses 2013: $194,018Net Income 2013: $53,3352013Revenue 2014: $280,515Expenses 2014: $237,513Net Income 2014: $43,0022014Revenue 2015: $262,656Expenses 2015: $251,009Net Income 2015: $11,6472015Revenue 2016: $260,063Expenses 2016: $258,681Net Income 2016: $1,3822016Revenue 2017: $252,558Expenses 2017: $219,663Net Income 2017: $32,8952017Revenue 2018: $254,058Expenses 2018: $201,915Net Income 2018: $52,1432018Revenue 2019: $237,066Expenses 2019: $218,402Net Income 2019: $18,6642019Revenue 2020: $4,267Expenses 2020: $131,818Net Income 2020: -$127,5512020Revenue 2021: $22,137Expenses 2021: $78,700Net Income 2021: -$56,5632021Revenue 2022: $125Expenses 2022: $68,773Net Income 2022: -$68,6482022Revenue 2023: $1,361Expenses 2023: $72,204Net Income 2023: -$70,8432023Revenue 2024: $715Expenses 2024: $90,385Net Income 2024: -$89,6702024Revenue 2025: $0Expenses 2025: $24,164Net Income 2025: -$24,1642025

Highlighted filing

2025

Revenue$0
Expenses$24,164
Net Income-$24,164
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,129
Liabilities
-
Net assets
$6,129
Revenue
$0
Expenses
$24,164
Net income
-$24,164
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.06$0.06$0.00$0.24$0.24
2024Summary only. Only limited summary data is available for this year.$0.30$0.00$0.01$0.90$0.90
2023Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.01$0.72$0.71
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.00$1.91$0.00$0.69$0.69
2021Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.59$0.22$0.79$0.57
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.03$3.16$0.04$1.32$1.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.46$0.02$4.44$2.37$2.18$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.37$0.12$4.25$2.54$2.02$0.52
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$0.12$3.68$2.53$2.20$0.33
2016Detailed filing. Detailed filing data is available for this year.$3.44$0.09$3.36$2.60$2.59$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.42$0.08$3.34$2.63$2.51$0.12
2014Summary only. Only limited summary data is available for this year.$3.27$0.05$3.23$2.81$2.38$0.43
2013Summary only. Only limited summary data is available for this year.$2.84$0.04$2.80$2.47$1.94$0.53
2012Summary only. Only limited summary data is available for this year.$2.33$0.06$2.26$2.70$1.76$0.94
2011Summary only. Only limited summary data is available for this year.$1.42$0.10$1.32$1.89$1.61$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 30, 2025
Return Version
2024v5.2
Mission and Program Overview

Mission

To promote economic development in the city of gilroy, and assist local businesses and government agencies in the area of economic development.

Program Services

DescriptionGrantsExpenses
MARKETING AND RECRUITMENT EFFORTS FOCUSED ON ATTRACTING BUSINESS THAT WOULD INCREASE SALES AND PROPERTY TAX REVENUES TO OFFSET THE LOSS OF FEDERAL AND STATE REVENUES.-$19,331
WORKING CLOSELY WITH LOCAL PARTNERSHIP ORGANIZATIONS, THE GILROY CHAMBER OF COMMERCE, THE GILROY DOWNTOWN BUSINESS ASSOCIATION AND THE GILROY VISITORS BUREAU TO INCREASE JOB AND INVESTMENT OPPORTUNITIES IN THE CITY OF GILROY.--
CONDUCTING LOCAL BUSINESS RETENTION INTERVIEWS TO DETERMINE WHAT SERVICES OR RESOURCES ARE NEEDED BY OUR EXISTING BUSINESSES TO IMPROVE THEIR PROFITABILITY AND HELP EXPAND THEIR BUSINESS AND CREATE NEW JOBS.--
FOCUS ON RECRUITING AND RETENTION OF BUSINESSES IN THE DOWNTOWN AREA OF GILROY.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KURT MICHIELSSENBoard Chair-$0--
CHRIS VANNISecretary-$0--
TOM CLINEBoard Member-$0--
MANNY BHANDALBoard Member-$0--
PETER KATAVICHBoard Member-$0--
FRANK JOHNSONAdvisor-$0--
Filing and Contact Details

Filer

Filer Name
Gilroy Economic Development Corporation
EIN
77-0429693
Phone
4088477611
Address
7471 MONTEREY ROAD, GILROY, CA 95020

Signing Officer

Name
Kurt Michielssen
Title
Board Chair
Signed
2025-09-30
Discuss with paid preparer
Yes

Preparer

Firm
Blaettler Accountancy
Address
7881 Church Street Suite B, Gilroy, CA 95020
Preparer
John Blaettler
Phone
4088482730
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $572”

Other Expenses.1007

“Conferences, Conventions, and Meetings $1291”

Other Expenses.1012

“Insurance $2121”

Other Expenses.1

“MISCELLANEOUS $125”

Other Expenses.2

“TAXES STATE $25”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $225 Prepaid Expenses and Deferred Charges - Ending $225”

Raw XML Appendix149 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0KURT MICHIELSSEN
IRS990EZ/BooksInCareOfDetail/PhoneNum04088477611
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07597 MONTEREY ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GILROY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095020
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt030068
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt05904
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-24164
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05030
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt030293
IRS990EZ/Form990TotalAssetsGrp/EOYAmt06129
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt030293
IRS990EZ/NetAssetsOrFundBalancesEOYAmt06129
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt030293
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt06129
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KURT MICHIELSSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHRIS VANNI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TOM CLINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MANNY BHANDAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4PETER KATAVICH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5FRANK JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5ADVISOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0225
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0225
IRS990EZ/OtherExpensesTotalAmt04134
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF GILROY, AND ASSIST LOCAL BUSINESSES AND GOVERNMENT AGENCIES IN THE AREA OF ECONOMIC DEVELOPMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MARKETING AND RECRUITMENT EFFORTS FOCUSED ON ATTRACTING BUSINESS THAT WOULD INCREASE SALES AND PROPERTY TAX REVENUES TO OFFSET THE LOSS OF FEDERAL AND STATE REVENUES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1WORKING CLOSELY WITH LOCAL PARTNERSHIP ORGANIZATIONS, THE GILROY CHAMBER OF COMMERCE, THE GILROY DOWNTOWN BUSINESS ASSOCIATION AND THE GILROY VISITORS BUREAU TO INCREASE JOB AND INVESTMENT OPPORTUNITIES IN THE CITY OF GILROY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2CONDUCTING LOCAL BUSINESS RETENTION INTERVIEWS TO DETERMINE WHAT SERVICES OR RESOURCES ARE NEEDED BY OUR EXISTING BUSINESSES TO IMPROVE THEIR PROFITABILITY AND HELP EXPAND THEIR BUSINESS AND CREATE NEW JOBS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3FOCUS ON RECRUITING AND RETENTION OF BUSINESSES IN THE DOWNTOWN AREA OF GILROY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt019331
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt015000
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt024164
IRS990EZ/TotalProgramServiceExpensesAmt019331
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0GILROYEDC.COM
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt021500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt021500
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0637
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0762
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt021500
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt021500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt021500
IRS990ScheduleA/TotalSupportAmt022262
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $572
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conferences, Conventions, and Meetings $1291
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $2121
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISCELLANEOUS $125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAXES STATE $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Prepaid Expenses and Deferred Charges - Beginning $225 Prepaid Expenses and Deferred Charges - Ending $225
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1011
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KURT MICHIELSSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GILROY ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GILR
ReturnHeader/Filer/EIN0770429693
ReturnHeader/Filer/PhoneNum04088477611
ReturnHeader/Filer/USAddress/AddressLine1Txt07471 MONTEREY ROAD
ReturnHeader/Filer/USAddress/CityNm0GILROY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095020
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942831052
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Blaettler Accountancy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07881 Church Street Suite B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Gilroy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095020
ReturnHeader/PreparerPersonGrp/PhoneNum04088482730
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN BLAETTLER
ReturnHeader/ReturnTs02025-09-30T15:06:21-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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