Civic Intelligence

Economic Development on Third

990 • Fiscal year 2021 • EIN 81-3198441

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 31, 2022

4800 Third Street 404San Francisco, CA 94124

(415) 555-5555

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

26th percentile

-0.7%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$93,797

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

18th percentile

-4.2%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

29%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$146,254

Up $64,530 (+79%) from 2019

Net Assets

Up

$146,054

Up $65,444 (+81%) from 2019

Liabilities

Down

$200

Down $914 (-82%) from 2019

Revenue

Up

$942,409

Up $597,542 (+173%) from 2019

Expenses

Up

$948,975

Up $673,533 (+245%) from 2019

Net Income

Down

-$6,566

Down $75,991 (-109%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2017: $52,703Liabilities 2017: $400Net Assets 2017: $52,3032017Assets 2018: $11,785Liabilities 2018: $600Net Assets 2018: $11,1852018Assets 2019: $81,724Liabilities 2019: $1,114Net Assets 2019: $80,6102019Assets 2021: $146,254Liabilities 2021: $200Net Assets 2021: $146,0542021Assets 2022: $230,469Liabilities 2022: $400Net Assets 2022: $230,0692022Assets 2024: $941,753Liabilities 2024: $324,968Net Assets 2024: $616,7852024

Highlighted filing

2021

Assets$146,254
Liabilities$200
Net Assets$146,054

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $139,333Expenses 2017: $91,984Net Income 2017: $47,3492017Revenue 2018: $132,626Expenses 2018: $173,713Net Income 2018: -$41,0872018Revenue 2019: $344,867Expenses 2019: $275,442Net Income 2019: $69,4252019Revenue 2021: $942,409Expenses 2021: $948,975Net Income 2021: -$6,5662021Revenue 2022: $1,324,406Expenses 2022: $1,240,391Net Income 2022: $84,0152022Revenue 2024: $1,182,564Expenses 2024: $816,620Net Income 2024: $365,9442024

Highlighted filing

2021

Revenue$942,409
Expenses$948,975
Net Income-$6,566
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 31, 2022
Return Version
2021v4.0
Gross Receipts
$942,409
Mission and Program Overview

Mission

CHARITY

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$147,220$140,254▼ $6,966
Accounts Receivable-$600-
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$152,620$146,254▼ $6,366
Other Assets Total$5,400$5,400→ $0
Liabilities
Accounts Payable and Accrued Expenses-$200-
Total Liabilities$0$200▲ $200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$152,620$146,054▼ $6,566
Total Net Assets Fund Balance$152,620$146,054▼ $6,566
Total Liabilities and Net Assets / Fund Balance$152,620$146,254▼ $6,366
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Earl ShaddixExecutive DirectorFT$93,797$93,797

Board Members and Trustees

NameTitle
Kristin HoukChairman
Barbara GrattaCo-chair
April SpearsDirector
Doris VincentDirector
Jeanne AnyanwuDirector
Lawanda DickersonDirector
Lisa LitseySecr./treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$899,914
Program Service Revenue
$7,399
Investment Income
$0
Other Revenue
$35,096
All Other Contributions
$4,096
Change in Net Assets
$-6,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$847,700
Salaries, Compensation, and Employee Benefits$101,275
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$92,527$5,973-$98,500
Current Officers, Directors, Trustees, and Key Employees$93,797--$93,797
Other Expenses$50,000--$50,000
Advertising$24,939$11,208-$36,147
Fees for Services Other$3,928$10,000-$13,928
Conferences and Meetings$85$10,183-$10,268
Other Employee Benefits$7,463$15-$7,478
Office Expenses-$6,165-$6,165
Insurance$3,456$1,200-$4,656
Fees for Services Legal$790$2,400-$3,190
Occupancy$872$194-$1,066
Information Technology-$586-$586
Travel-$107-$107
Total Functional Expenses$900,944$48,031$0$948,975
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
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
Yes
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

Given to board members for review.

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

Any change in directors/officers requires review.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is based on city and county of san francisco policies.

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

CONTACT OUR OFFICES

Filing and Contact Details

Filer

Filer Name
Economic Development on Third
EIN
81-3198441
Phone
4155555555
Address
4800 THIRD STREET 404, SAN FRANCISCO, CA 94124

Signing Officer

Name
Earl Shaddix
Title
Executive Director
Signed
2022-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Earl Shaddix
Formed
2016
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Grant & Smith Llp
Address
333 HEGENBERGER ROAD SUITE 325, OAKLAND, CA 94621
Preparer
Charlene R Smith CPA
Phone
5108320257
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

AAACD/FACADE: Column (A) - Total = $17264; Column (B) - Program Services = $17264; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FACADE PROGRAMS: Column (A) - Total = $34672; Column (B) - Program Services = $34672; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FARMERS MARKET: Column (A) - Total = $120; Column (B) - Program Services = $120; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $66; Column (B) - Program Services = $0; Column (C) - Management & General = $66; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

PRIDE: Column (A) - Total = $4172; Column (B) - Program Services = $4172; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $235; Column (B) - Program Services = $0; Column (C) - Management & General = $235; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Program Supplies: Column (A) - Total = $2293; Column (B) - Program Services = $48; Column (C) - Management & General = $2245; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

REIMBURSABLE EXPENSES: Column (A) - Total = $2251; Column (B) - Program Services = $2251; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SAN FRANCISCO SHINES: Column (A) - Total = $34000; Column (B) - Program Services = $34000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TELEPHONE: Column (A) - Total = $3427; Column (B) - Program Services = $0; Column (C) - Management & General = $3427; Column (D) - Fundraising = $0

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0EARL SHADDIX
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FARMERS MARKET/SALE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07399
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0688995
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0565372
IRS990/PYOtherRevenueAmt05935
IRS990/PYProgramServiceRevenueAmt035739
IRS990/PYRevenuesLessExpensesAmt072010
IRS990/PYSalariesCompEmpBnftPaidAmt093287
IRS990/PYTotalExpensesAmt0658659
IRS990/PYTotalRevenueAmt0730669
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-6566
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt027555
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0899914
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0688995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0344687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0131612
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0138483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02203691
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02045
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07541
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05935
IRS990ScheduleA/OtherIncome170Grp/TotalAmt013476
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99390
IRS990ScheduleA/PublicSupportTotal170Amt02203691
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0899914
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0688995
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0344687
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0131612
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0138483
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02203691
IRS990ScheduleA/TotalSupportAmt02217167
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GIVEN TO BOARD MEMBERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CHANGE IN DIRECTORS/OFFICERS REQUIRES REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS BASED ON CITY AND COUNTY OF SAN FRANCISCO POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTACT OUR OFFICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AAACD/FACADE: Column (A) - Total = $17264; Column (B) - Program Services = $17264; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FACADE PROGRAMS: Column (A) - Total = $34672; Column (B) - Program Services = $34672; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FARMERS MARKET: Column (A) - Total = $120; Column (B) - Program Services = $120; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Postage and Shipping: Column (A) - Total = $66; Column (B) - Program Services = $0; Column (C) - Management & General = $66; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PRIDE: Column (A) - Total = $4172; Column (B) - Program Services = $4172; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Printing and Publications: Column (A) - Total = $235; Column (B) - Program Services = $0; Column (C) - Management & General = $235; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Program Supplies: Column (A) - Total = $2293; Column (B) - Program Services = $48; Column (C) - Management & General = $2245; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11REIMBURSABLE EXPENSES: Column (A) - Total = $2251; Column (B) - Program Services = $2251; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12SAN FRANCISCO SHINES: Column (A) - Total = $34000; Column (B) - Program Services = $34000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13TELEPHONE: Column (A) - Total = $3427; Column (B) - Program Services = $0; Column (C) - Management & General = $3427; Column (D) - Fundraising = $0
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 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0152620
IRS990/TotalAssetsEOYAmt0146254
IRS990/TotalAssetsGrp/BOYAmt0152620
IRS990/TotalAssetsGrp/EOYAmt0146254
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0899914
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048031
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0900944
IRS990/TotalFunctionalExpensesGrp/TotalAmt0948975
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0200
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0200
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0152620
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0146054
IRS990/TotalProgramServiceExpensesAmt0900944
IRS990/TotalProgramServiceRevenueAmt07399
IRS990/TotalReportableCompFromOrgAmt093797
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042495
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0942409
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0152620

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